| Income Statement for Depomed Inc. (DEPO) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 65,582 | 9,551 | 4,405 | 203 | 982 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (1,732) | (220) | 230 | 1,701 | 1,045 | | Gross Operating Profit | 63,850 | 9,331 | 4,636 | 1,904 | 2,027 | | | Selling/General/Admin Expense | (26,694) | (22,667) | (11,639) | (5,179) | (3,480) | | Research & Development | (23,337) | (26,891) | (18,369) | (21,359) | (26,900) | | EBITDA | 13,819 | (40,227) | (25,373) | (24,634) | (28,354) | | Depreciation & Amortization | (865) | (1,380) | (1,139) | (1,701) | (1,045) | | EBIT | 12,954 | (41,607) | (26,512) | (26,335) | (29,398) | | Interest Income | 2,273 | 2,031 | 1,445 | 489 | 299 | | Other Income, Net | 34,584 | - | 1,059 | - | - | | Total Income Avail For Interest Expense | 49,811 | (39,577) | (24,008) | (25,846) | (29,105) | | Interest Expense | - | - | (460) | (929) | (910) | | Pre-Tax Income | 49,811 | (39,577) | (24,467) | (26,775) | (30,015) | | Income Taxes | (592) | (82) | - | (99) | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 49,219 | (39,659) | (24,467) | (26,874) | (30,015) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 49,219 | (39,659) | (24,467) | (26,874) | (30,015) | | | Normalized Income | 49,219 | (39,659) | (24,467) | (26,874) | (30,015) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 49,219 | (39,659) | (24,467) | (26,874) | (30,015) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | 685 | 665 | 842 | - | - | | | Basic EPS from Continuing Operations | 1.06 | -0.97 | -0.64 | -0.78 | -1.23 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.06 | -0.97 | -0.64 | -0.78 | -1.23 | | | Diluted EPS from Continuing Operations | 1.06 | -0.97 | -0.64 | -0.78 | -1.23 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.06 | -0.97 | -0.64 | -0.78 | -1.23 | | | |
