| Income Statement for NETGEAR Inc. (NTGR) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 727,787 | 573,570 | 449,610 | 383,139 | 299,302 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (472,495) | (374,668) | (294,695) | (257,562) | (213,325) | | Gross Operating Profit | 255,292 | 198,902 | 154,915 | 125,577 | 85,977 | | | Selling/General/Admin Expense | (145,158) | (112,786) | (85,280) | (76,027) | (57,940) | | Research & Development | (28,070) | (18,443) | (12,544) | (9,916) | (8,220) | | EBITDA | 82,064 | 67,673 | 57,091 | 39,634 | 19,817 | | Depreciation & Amortization | (12,685) | (5,243) | (4,133) | (4,281) | (3,780) | | EBIT | 69,379 | 62,430 | 52,958 | 35,353 | 16,037 | | Interest Income | 8,426 | 6,974 | 4,104 | 1,593 | 364 | | Other Income, Net | 3,298 | 2,495 | (1,770) | (560) | (59) | | Total Income Avail For Interest Expense | 76,836 | 68,999 | 54,490 | 36,386 | 10,474 | | Interest Expense | - | - | - | - | (901) | | Pre-Tax Income | 76,836 | 68,999 | 54,490 | 36,386 | 9,573 | | Income Taxes | (30,882) | (27,867) | (20,867) | (12,921) | 3,524 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 45,954 | 41,132 | 33,623 | 23,465 | 13,097 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 45,954 | 41,132 | 33,623 | 23,465 | 13,097 | | | Normalized Income | 50,221 | 44,032 | 34,425 | 23,465 | 18,965 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (4,267) | (2,900) | (802) | - | (5,868) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 45,954 | 41,132 | 33,623 | 23,465 | 13,097 | | | 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 | 1.32 | 1.23 | 1.04 | 0.77 | 0.55 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.32 | 1.23 | 1.04 | 0.77 | 0.55 | | | Diluted EPS from Continuing Operations | 1.28 | 1.19 | 0.99 | 0.72 | 0.49 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.28 | 1.19 | 0.99 | 0.72 | 0.49 | | | |
