| Income Statement for Kendle International Inc. (KNDL) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 568,818 | 373,936 | 250,639 | 215,868 | 209,657 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (369,991) | (243,291) | (157,189) | (139,889) | (144,569) | | Gross Operating Profit | 198,827 | 130,645 | 93,450 | 75,979 | 65,088 | | | Selling/General/Admin Expense | (125,744) | (91,796) | (68,216) | (60,099) | (53,870) | | Research & Development | - | - | - | - | - | | EBITDA | 73,083 | 38,849 | 25,234 | 15,880 | 11,218 | | Depreciation & Amortization | (20,269) | (10,403) | (7,991) | (9,175) | (9,057) | | EBIT | 52,814 | 28,446 | 17,243 | 6,705 | 2,161 | | Interest Income | 1,466 | 1,939 | 1,019 | 400 | 334 | | Other Income, Net | (4,816) | (1,795) | (287) | (873) | (572) | | Total Income Avail For Interest Expense | 45,312 | 20,154 | 18,275 | 6,829 | 1,923 | | Interest Expense | (14,870) | (6,781) | (460) | (776) | (1,039) | | Pre-Tax Income | 30,442 | 13,373 | 17,815 | 6,053 | 884 | | Income Taxes | (11,755) | (4,843) | (7,141) | (2,481) | (2,574) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 18,687 | 8,530 | 10,674 | 3,572 | (1,690) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 18,687 | 8,530 | 10,674 | 3,572 | (1,690) | | | Normalized Income | 22,839 | 16,966 | 10,374 | 2,975 | (1,690) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (4,152) | (8,436) | 300 | 597 | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 18,687 | 8,530 | 10,674 | 3,572 | (1,690) | | | 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 | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.29 | 0.60 | 0.79 | 0.27 | -0.13 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.29 | 0.60 | 0.79 | 0.27 | -0.13 | | | Diluted EPS from Continuing Operations | 1.26 | 0.58 | 0.76 | 0.27 | -0.13 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.26 | 0.58 | 0.76 | 0.27 | -0.13 | | | |
