| Income Statement for Netease.com Inc. (NTES) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 303,414 | 277,336 | 199,792 | 109,155 | 65,501 | | Adjustments to Revenue | N/A | - | - | - | - | | Cost of Revenue | (43,367) | (38,262) | (28,076) | (18,061) | (7,796) | | Gross Operating Profit | 260,048 | 239,075 | 171,717 | 91,094 | 57,706 | | | Selling/General/Admin Expense | (56,411) | (44,851) | (33,473) | (30,740) | (13,383) | | Research & Development | (24,777) | (19,626) | (11,173) | (4,151) | (2,310) | | EBITDA | 178,860 | 174,598 | 127,070 | 56,202 | 42,012 | | Depreciation & Amortization | (13,587) | (10,597) | (6,030) | (4,142) | (2,530) | | EBIT | 165,273 | 164,001 | 121,041 | 52,060 | 39,482 | | Interest Income | 15,436 | 12,092 | 7,196 | 2,698 | 1,362 | | Other Income, Net | (7,060) | 80 | (942) | 487 | 719 | | Total Income Avail For Interest Expense | 173,649 | 176,172 | 127,294 | 57,244 | 41,563 | | Interest Expense | N/A | - | (43) | (468) | - | | Pre-Tax Income | 173,649 | 176,172 | 127,252 | 56,776 | 41,563 | | Income Taxes | (369) | (16,976) | (11,766) | (3,452) | (2,553) | | Minority Interest | 10 | 51 | - | - | - | | Net Income from Continuing Operations | 173,291 | 159,247 | 115,485 | 53,324 | 39,010 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 173,291 | 159,247 | 115,485 | 53,324 | 39,010 | | | Normalized Income | N/A | 159,247 | 115,485 | 51,324 | 39,010 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | N/A | - | - | 2,000 | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 173,291 | 159,247 | 115,485 | 53,324 | 39,010 | | | 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 | N/A | - | - | - | - | | | Basic EPS from Continuing Operations | 1.40 | 1.23 | 0.90 | 0.42 | 0.31 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.40 | 1.23 | 0.90 | 0.42 | 0.31 | | | Diluted EPS from Continuing Operations | 1.31 | 1.14 | 0.82 | 0.39 | 0.30 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.31 | 1.14 | 0.82 | 0.39 | 0.30 | | | |
