| Income Statement for National Coal Corp. (NCOC) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Operating Revenue | 92,780 | 87,517 | 65,873 | 16,999 | | Adjustments to Revenue | - | - | - | - | | Cost of Revenue | (84,724) | (78,140) | (51,115) | (16,535) | | Gross Operating Profit | 8,056 | 9,377 | 14,758 | 464 | | | Selling/General/Admin Expense | (7,037) | (9,257) | (7,213) | (5,242) | | Research & Development | - | - | - | - | | EBITDA | 1,020 | 120 | 7,544 | (4,778) | | Depreciation & Amortization | (18,368) | (16,577) | (10,108) | (2,261) | | EBIT | (17,349) | (16,457) | (2,564) | (7,040) | | Interest Income | 1,298 | 792 | - | - | | Other Income, Net | 1,052 | (280) | (261) | (499) | | Total Income Avail For Interest Expense | (14,999) | (15,945) | (2,824) | (7,538) | | Interest Expense | (10,765) | (7,476) | (3,967) | (2,891) | | Pre-Tax Income | (25,764) | (23,421) | (6,791) | (10,429) | | Income Taxes | - | - | - | - | | Minority Interest | - | - | - | - | | Net Income from Continuing Operations | (25,764) | (23,421) | (6,791) | (10,429) | | Net Income from Discontinued Operations | - | - | - | - | | Net Income from Total Operations | (25,764) | (23,421) | (6,791) | (10,429) | | | Normalized Income | (25,764) | (23,421) | (6,791) | (10,429) | | Extraordinary Income | - | - | - | - | | Special Income/Charges | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | | Other Gains | - | - | - | - | | Total Net Income | (25,764) | (23,421) | (6,791) | (10,429) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | 4,457 | 1,030 | 1,125 | 18,894 | | | Basic EPS from Continuing Operations | -1.46 | -1.59 | -0.58 | -2.60 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -1.46 | -1.59 | -0.58 | -2.60 | | | Diluted EPS from Continuing Operations | -1.46 | -1.59 | -0.58 | -2.60 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -1.46 | -1.59 | -0.58 | -2.60 | | | |
