| Income Statement for National Research Corp. (NRCI) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 48,923 | 43,771 | 32,436 | 29,683 | 26,922 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (21,801) | (19,446) | (13,642) | (12,869) | (12,029) | | Gross Operating Profit | 27,122 | 24,326 | 18,794 | 16,814 | 14,893 | | | Selling/General/Admin Expense | (13,173) | (12,158) | (8,617) | (7,395) | (5,987) | | Research & Development | - | - | - | - | - | | EBITDA | 13,948 | 12,168 | 10,177 | 9,419 | 8,906 | | Depreciation & Amortization | (2,583) | (2,260) | (1,762) | (2,018) | (1,941) | | EBIT | 11,366 | 9,908 | 8,415 | 7,402 | 6,965 | | Interest Income | 139 | 171 | 488 | 345 | 293 | | Other Income, Net | 96 | (56) | (9) | (5) | 86 | | Total Income Avail For Interest Expense | 11,601 | 10,023 | 8,894 | 7,741 | 7,344 | | Interest Expense | (483) | (517) | (379) | (459) | (428) | | Pre-Tax Income | 11,117 | 9,506 | 8,515 | 7,283 | 6,916 | | Income Taxes | (4,278) | (3,622) | (3,278) | (2,732) | (2,532) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 6,839 | 5,884 | 5,236 | 4,551 | 4,384 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 6,839 | 5,884 | 5,236 | 4,551 | 4,384 | | | Normalized Income | 6,839 | 5,884 | 5,236 | 4,551 | 4,384 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 6,839 | 5,884 | 5,236 | 4,551 | 4,384 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.48 | 0.40 | 0.32 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.00 | 0.86 | 0.74 | 0.63 | 0.60 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.00 | 0.86 | 0.74 | 0.63 | 0.60 | | | Diluted EPS from Continuing Operations | 0.98 | 0.85 | 0.74 | 0.63 | 0.60 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.98 | 0.85 | 0.74 | 0.63 | 0.60 | | | |
