| Income Statement for D&E Communications Inc. (DECC) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 152,549 | 162,068 | 176,247 | 176,271 | 173,125 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (52,024) | (62,219) | (74,614) | (75,149) | (70,163) | | Gross Operating Profit | 100,525 | 99,849 | 101,633 | 101,122 | 102,962 | | | Selling/General/Admin Expense | (36,520) | (37,204) | (40,229) | (41,056) | (40,569) | | Research & Development | - | - | - | - | - | | EBITDA | 64,005 | 62,645 | 61,404 | 60,066 | 62,393 | | Depreciation & Amortization | (34,208) | (38,241) | (38,745) | (39,119) | (38,626) | | EBIT | 29,797 | 24,404 | 22,659 | 20,947 | 23,767 | | Interest Income | - | - | - | - | - | | Other Income, Net | 8,245 | 5,825 | 10,100 | 622 | 2,754 | | Total Income Avail For Interest Expense | 32,881 | 27,054 | 33,759 | 13,145 | 23,984 | | Interest Expense | (14,928) | (15,274) | (14,177) | (14,389) | (18,074) | | Pre-Tax Income | 17,953 | 11,780 | 19,582 | (1,244) | 5,910 | | Income Taxes | (7,249) | (3,465) | (5,806) | (1,430) | (2,033) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 10,639 | 8,250 | 13,776 | (2,674) | 3,877 | | Net Income from Discontinued Operations | - | (1,508) | - | - | - | | Net Income from Total Operations | 10,639 | 6,742 | 13,776 | (2,674) | 3,877 | | | Normalized Income | 15,797 | 11,245 | 13,776 | 2,578 | 3,877 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (5,158) | (2,995) | - | (5,252) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | 260 | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | (53) | | Total Net Income | 10,639 | 6,742 | 13,776 | (2,674) | 4,084 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | | Preferred Dividends | 65 | 65 | 65 | 65 | 65 | | | Basic EPS from Continuing Operations | 0.74 | 0.57 | 0.96 | -0.18 | 0.25 | | Basic EPS from Discontinued Operations | 0.00 | -0.10 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.74 | 0.47 | 0.96 | -0.18 | 0.25 | | | Diluted EPS from Continuing Operations | 0.74 | 0.57 | 0.96 | -0.18 | 0.25 | | Diluted EPS from Discontinued Operations | 0.00 | -0.10 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.74 | 0.47 | 0.96 | -0.18 | 0.25 | | | |
