| Income Statement for Lakes Entertainment Inc. (LACO) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 28,452 | 29,872 | 18,222 | 17,557 | 4,268 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (7,876) | (9,478) | - | - | - | | Gross Operating Profit | 20,576 | 20,394 | 18,222 | 17,557 | 4,268 | | | Selling/General/Admin Expense | (40,082) | (35,236) | (39,422) | (32,935) | (10,656) | | Research & Development | - | - | - | - | - | | EBITDA | (19,506) | (14,842) | (21,200) | (15,378) | (6,388) | | Depreciation & Amortization | (4,000) | (2,050) | (469) | (598) | (547) | | EBIT | (23,506) | (16,892) | (21,669) | (15,976) | (6,935) | | Interest Income | 8,552 | 3,411 | 1,631 | 775 | 632 | | Other Income, Net | 7,324 | 10,292 | (1) | 11,290 | 158 | | Total Income Avail For Interest Expense | (14,061) | 40,488 | (14,816) | (109) | (6,389) | | Interest Expense | (951) | (8,358) | (66) | - | - | | Pre-Tax Income | (15,012) | 32,130 | (14,882) | (109) | (6,389) | | Income Taxes | (2,329) | (8,217) | 1,161 | (4,042) | 2,428 | | Minority Interest | 3,737 | (2,966) | 1,851 | 110 | - | | Net Income from Continuing Operations | (13,604) | 20,947 | (11,870) | (4,041) | (3,961) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (13,604) | 20,947 | (11,870) | (4,041) | (3,961) | | | Normalized Income | (7,173) | (22,733) | (17,085) | (7,095) | (3,961) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (6,431) | 43,680 | 5,215 | 3,054 | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | (1,444) | - | - | - | - | | Total Net Income | (15,048) | 20,947 | (11,870) | (4,041) | (3,961) | | | 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 | -0.63 | 0.92 | -0.53 | -0.18 | -0.19 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.63 | 0.92 | -0.53 | -0.18 | -0.19 | | | Diluted EPS from Continuing Operations | -0.63 | 0.85 | -0.53 | -0.18 | -0.19 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.63 | 0.85 | -0.53 | -0.18 | -0.19 | | | |
