| Income Statement for Patriot Transportation Holding Inc. (PATR) | | | | | | | Income | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Operating Revenue | 154,282 | 147,374 | 131,036 | 115,789 | 103,303 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (109,715) | (104,712) | (93,564) | (81,077) | (73,280) | | Gross Operating Profit | 44,567 | 42,662 | 37,472 | 34,712 | 30,023 | | | Selling/General/Admin Expense | (12,055) | (12,097) | (9,802) | (9,052) | (8,181) | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | 32,512 | 30,565 | 27,670 | 25,660 | 21,842 | | Depreciation & Amortization | (14,160) | (13,510) | (12,479) | (12,230) | (11,956) | | EBIT | 18,352 | 17,055 | 15,191 | 13,430 | 9,886 | | Interest Income | 298 | 149 | - | - | - | | Other Income, Net | (156) | - | 30 | 375 | - | | Total Income Avail For Interest Expense | 18,494 | 17,204 | 15,221 | 13,805 | 9,915 | | Interest Expense | (3,878) | (3,955) | (3,276) | (3,830) | (3,492) | | Pre-Tax Income | 14,616 | 13,249 | 11,945 | 9,975 | 6,423 | | Income Taxes | (5,111) | (5,171) | (4,336) | (3,879) | (2,505) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 9,505 | 8,078 | 7,609 | 6,096 | 3,918 | | Net Income from Discontinued Operations | - | - | - | 14,644 | 657 | | Net Income from Total Operations | 9,505 | 8,078 | 7,609 | 20,740 | 4,575 | | | Normalized Income | 9,505 | 8,078 | 7,609 | 6,096 | 3,889 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | 29 | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 9,505 | 8,078 | 7,609 | 20,740 | 4,575 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 3.15 | 2.71 | 2.58 | 2.08 | 1.29 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 5.00 | 0.22 | | Basic EPS from Total Operations | 3.15 | 2.71 | 2.58 | 7.08 | 1.51 | | | Diluted EPS from Continuing Operations | 3.04 | 2.62 | 2.50 | 2.05 | 1.28 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 4.92 | 0.21 | | Diluted EPS from Total Operations | 3.04 | 2.62 | 2.50 | 6.97 | 1.49 | | | |
