| Income Statement for HEI Inc. (HEII) | | | | | | | Income | in Thousands of Dollars | | | 08/2007 | 08/2006 | 08/2005 | 08/2004 | 08/2003 | | | Operating Revenue | 38,384 | 52,631 | 56,631 | 43,320 | 38,440 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (34,828) | (42,196) | (42,593) | (36,335) | (28,032) | | Gross Operating Profit | 3,556 | 10,435 | 14,038 | 6,985 | 10,408 | | | Selling/General/Admin Expense | (5,653) | (8,963) | (8,383) | (8,113) | (7,639) | | Research & Development | (2,330) | (4,238) | (3,264) | (3,165) | (2,580) | | EBITDA | (4,427) | (2,766) | 2,391 | (4,293) | 189 | | Depreciation & Amortization | (1,989) | (2,473) | (2,454) | (2,862) | (3,295) | | EBIT | (6,416) | (5,239) | (63) | (7,155) | (3,106) | | Interest Income | - | - | - | - | - | | Other Income, Net | 540 | (42) | 304 | (851) | (1,213) | | Total Income Avail For Interest Expense | (5,876) | (5,281) | 1,022 | (6,645) | (4,650) | | Interest Expense | (1,312) | (776) | (667) | (364) | - | | Pre-Tax Income | (7,188) | (6,057) | 355 | (7,009) | (4,650) | | Income Taxes | - | - | - | - | 21 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (7,188) | (6,057) | 355 | (7,009) | (4,629) | | Net Income from Discontinued Operations | 1,531 | - | - | - | - | | Net Income from Total Operations | (5,657) | (6,057) | 355 | (7,009) | (4,629) | | | Normalized Income | (7,188) | (6,057) | (426) | (8,370) | (4,298) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | 781 | 1,361 | (331) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (5,657) | (6,057) | 355 | (7,009) | (4,629) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 08/2007 | 08/2006 | 08/2005 | 08/2004 | 08/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | 1,072 | - | - | | | Basic EPS from Continuing Operations | -0.75 | -0.64 | 0.04 | -0.90 | -0.70 | | Basic EPS from Discontinued Operations | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.59 | -0.64 | 0.04 | -0.90 | -0.70 | | | Diluted EPS from Continuing Operations | -0.75 | -0.64 | 0.04 | -0.90 | -0.70 | | Diluted EPS from Discontinued Operations | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.59 | -0.64 | 0.04 | -0.90 | -0.70 | | | |
