| Income Statement for Lifeway Foods Inc. (LWAY) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 38,729 | 27,721 | 20,132 | 16,319 | 14,878 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (25,583) | (16,323) | (11,013) | (8,365) | (7,152) | | Gross Operating Profit | 13,146 | 11,397 | 9,119 | 7,954 | 7,725 | | | Selling/General/Admin Expense | (7,659) | (6,409) | (5,066) | (4,334) | (3,558) | | Research & Development | - | - | - | - | - | | EBITDA | 5,487 | 4,989 | 4,052 | 3,620 | 4,167 | | Depreciation & Amortization | (1,050) | (759) | (651) | (670) | (688) | | EBIT | 4,437 | 4,230 | 3,401 | 2,950 | 3,479 | | Interest Income | 350 | 388 | 323 | 186 | 97 | | Other Income, Net | 588 | 368 | 459 | 354 | (1,204) | | Total Income Avail For Interest Expense | 5,375 | 4,986 | 4,184 | 3,474 | 3,618 | | Interest Expense | (410) | (346) | (101) | (31) | (41) | | Pre-Tax Income | 4,965 | 4,641 | 4,083 | 3,442 | 3,576 | | Income Taxes | (1,813) | (1,745) | (1,535) | (1,390) | (1,355) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 3,153 | 2,896 | 2,548 | 2,052 | 2,222 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 3,153 | 2,896 | 2,548 | 2,052 | 2,222 | | | Normalized Income | 3,153 | 2,896 | 2,548 | 2,069 | 976 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (16) | 1,246 | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 3,153 | 2,896 | 2,548 | 2,052 | 2,222 | | | 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 | 0.19 | 0.17 | 0.15 | 0.12 | 0.13 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.19 | 0.17 | 0.15 | 0.12 | 0.13 | | | Diluted EPS from Continuing Operations | 0.19 | 0.17 | 0.15 | 0.12 | 0.13 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.19 | 0.17 | 0.15 | 0.12 | 0.13 | | | |
