| Income Statement for Kosan Biosciences Inc. (KOSN) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 22,707 | 13,506 | 13,410 | 22,892 | 31,389 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | 1,558 | 2,102 | 3,142 | 4,360 | 3,967 | | Gross Operating Profit | 24,265 | 15,608 | 16,552 | 27,252 | 35,356 | | | Selling/General/Admin Expense | (8,162) | (7,823) | (6,038) | (5,934) | (5,137) | | Research & Development | (47,283) | (37,179) | (38,400) | (40,175) | (36,789) | | EBITDA | (31,180) | (29,394) | (27,886) | (18,857) | (6,570) | | Depreciation & Amortization | (1,558) | (2,102) | (3,142) | (4,360) | (3,967) | | EBIT | (32,738) | (31,496) | (31,028) | (23,217) | (10,537) | | Interest Income | 4,283 | 2,549 | 1,711 | 1,434 | 1,206 | | Other Income, Net | 27 | - | - | - | - | | Total Income Avail For Interest Expense | (28,428) | (28,947) | (29,317) | (21,783) | (9,331) | | Interest Expense | (230) | (522) | (320) | (343) | (337) | | Pre-Tax Income | (28,658) | (29,469) | (29,637) | (22,126) | (9,668) | | Income Taxes | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (28,658) | (29,469) | (29,637) | (22,126) | (9,668) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (28,658) | (29,469) | (29,637) | (22,126) | (9,668) | | | Normalized Income | (28,658) | (29,469) | (29,637) | (22,126) | (9,668) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (28,658) | (29,469) | (29,637) | (22,126) | (9,668) | | | 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 | -0.69 | -0.88 | -1.01 | -0.77 | -0.38 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.69 | -0.88 | -1.01 | -0.77 | -0.38 | | | Diluted EPS from Continuing Operations | -0.69 | -0.88 | -1.01 | -0.77 | -0.38 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.69 | -0.88 | -1.01 | -0.77 | -0.38 | | | |
