| Income Statement for KSwiss Inc. (KSWS) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 410,432 | 501,148 | 508,574 | 484,079 | 429,162 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (218,270) | (262,247) | (269,616) | (261,316) | (233,961) | | Gross Operating Profit | 192,162 | 238,901 | 238,958 | 222,763 | 195,201 | | | Selling/General/Admin Expense | (157,498) | (137,527) | (130,144) | (122,262) | (106,267) | | Research & Development | - | - | - | - | - | | EBITDA | 34,664 | 101,374 | 108,814 | 100,501 | 88,934 | | Depreciation & Amortization | (2,303) | (1,688) | (1,596) | (1,543) | (1,642) | | EBIT | 32,361 | 99,686 | 107,218 | 98,958 | 87,292 | | Interest Income | 9,594 | 7,005 | 3,333 | 1,038 | 699 | | Other Income, Net | 5,232 | - | - | - | - | | Total Income Avail For Interest Expense | 47,187 | 106,691 | 110,551 | 99,996 | 87,991 | | Interest Expense | - | - | - | - | - | | Pre-Tax Income | 47,187 | 106,691 | 110,551 | 99,996 | 87,991 | | Income Taxes | (8,114) | (29,827) | (35,303) | (28,745) | (34,199) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 39,073 | 76,864 | 75,248 | 71,251 | 53,792 | | Net Income from Discontinued Operations | - | - | - | - | (3,736) | | Net Income from Total Operations | 39,073 | 76,864 | 75,248 | 71,251 | 50,056 | | | Normalized Income | 39,073 | 76,864 | 75,248 | 71,251 | 53,792 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 39,073 | 76,864 | 75,248 | 71,251 | 50,056 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.20 | 0.20 | 0.15 | 0.12 | 0.03 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.13 | 2.23 | 2.20 | 2.04 | 1.52 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | -0.11 | | Basic EPS from Total Operations | 1.13 | 2.23 | 2.20 | 2.04 | 1.41 | | | Diluted EPS from Continuing Operations | 1.10 | 2.17 | 2.11 | 1.96 | 1.42 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | -0.10 | | Diluted EPS from Total Operations | 1.10 | 2.17 | 2.11 | 1.96 | 1.32 | | | |
