| Income Statement for KSea Transportation Partners (KSP) | | | | | | | Income | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Operating Revenue | 326,280 | 226,574 | 182,768 | 121,394 | 95,799 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (203,469) | (141,575) | (114,964) | (72,970) | (54,535) | | Gross Operating Profit | 122,811 | 84,999 | 67,804 | 48,424 | 41,264 | | | Selling/General/Admin Expense | (28,947) | (20,472) | (17,309) | (11,163) | (8,149) | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | 93,864 | 64,527 | 50,495 | 37,261 | 33,115 | | Depreciation & Amortization | (48,820) | (33,720) | (27,144) | (21,945) | (19,256) | | EBIT | 45,044 | 30,807 | 23,351 | 15,316 | 13,859 | | Interest Income | - | - | - | - | - | | Other Income, Net | 2,428 | (39) | 377 | (1,068) | (3,160) | | Total Income Avail For Interest Expense | 47,472 | 30,768 | 16,504 | 14,248 | 10,699 | | Interest Expense | (21,275) | (14,097) | (10,118) | (5,949) | (6,370) | | Pre-Tax Income | 26,197 | 16,671 | 6,386 | 8,299 | 4,329 | | Income Taxes | (529) | (851) | (484) | (163) | 16,845 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 25,668 | 15,820 | 5,902 | 8,136 | 21,174 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 25,668 | 15,820 | 5,902 | 8,136 | 21,174 | | | Normalized Income | 25,668 | 15,820 | 13,126 | 8,136 | 21,174 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | (7,224) | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 25,668 | 15,820 | 5,902 | 8,136 | 21,174 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Dividends Paid Per Share | 2.92 | 2.60 | 2.32 | 2.15 | 0.43 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.97 | 1.56 | 0.60 | 0.95 | 2.26 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.97 | 1.56 | 0.60 | 0.95 | 2.26 | | | Diluted EPS from Continuing Operations | 1.95 | 1.55 | 0.60 | 0.95 | 2.25 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.95 | 1.55 | 0.60 | 0.95 | 2.25 | | | |
