| Income Statement for Pan American Silver Corp. (PAAS) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 301,064 | 255,447 | 122,401 | 92,896 | 45,123 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (171,159) | (132,648) | (91,345) | (73,000) | (42,322) | | Gross Operating Profit | 129,905 | 122,799 | 31,056 | 19,896 | 2,801 | | | Selling/General/Admin Expense | (12,382) | (9,172) | (6,936) | (7,556) | (5,928) | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | 117,523 | 113,627 | 24,120 | 12,340 | (3,127) | | Depreciation & Amortization | (28,992) | (17,520) | (13,095) | (10,869) | (3,325) | | EBIT | 88,531 | 96,107 | 11,025 | 1,471 | (6,452) | | Interest Income | - | 6,034 | 2,649 | 2,338 | 403 | | Other Income, Net | 23,699 | (11,644) | (7,969) | 22,383 | 411 | | Total Income Avail For Interest Expense | 112,230 | 88,040 | (23,961) | 23,732 | (5,638) | | Interest Expense | (660) | (573) | (494) | (898) | (1,156) | | Pre-Tax Income | 111,570 | 87,467 | (24,455) | 22,834 | (6,794) | | Income Taxes | (19,605) | (25,484) | (3,285) | (2,753) | - | | Minority Interest | (3,105) | (3,777) | (854) | (179) | - | | Net Income from Continuing Operations | 88,860 | 58,206 | (28,594) | 19,902 | (6,794) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 88,860 | 58,206 | (28,594) | 19,902 | (6,794) | | | Normalized Income | 88,860 | 60,663 | 1,072 | 22,362 | (6,794) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (2,457) | (29,666) | (2,460) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 88,860 | 58,206 | (28,594) | 19,902 | (6,794) | | | 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 | 1.16 | 0.79 | -0.43 | 0.14 | -0.20 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.16 | 0.79 | -0.43 | 0.14 | -0.20 | | | Diluted EPS from Continuing Operations | 1.12 | 0.76 | -0.43 | 0.13 | -0.20 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.12 | 0.76 | -0.43 | 0.13 | -0.20 | | | |
