| Income Statement for PDL BioPharma Inc. (PDLI) | | | | After Hours: $ 12.33 |  0.01 (+0.08%) | Volume: 100 | 4:00 PM EDT Aug 28, 2008 | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 258,925 | 414,770 | 279,654 | 96,024 | 66,686 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | 66,835 | (8,277) | (5,360) | 15,068 | 10,495 | | Gross Operating Profit | 325,760 | 406,493 | 274,294 | 111,092 | 77,181 | | | Selling/General/Admin Expense | (67,367) | (120,856) | (82,386) | (31,806) | (27,613) | | Research & Development | (204,175) | (260,660) | (172,039) | (122,563) | (82,732) | | EBITDA | 54,218 | 24,977 | 19,869 | (43,277) | (33,164) | | Depreciation & Amortization | (66,835) | (78,015) | (54,897) | (15,068) | (10,495) | | EBIT | (12,617) | (53,038) | (35,028) | (58,345) | (43,659) | | Interest Income | 19,362 | 17,704 | 9,616 | 10,212 | 9,831 | | Other Income, Net | - | - | - | - | - | | Total Income Avail For Interest Expense | (5,436) | (116,183) | (155,532) | (48,133) | (119,971) | | Interest Expense | (13,708) | (13,070) | (10,177) | (5,028) | (9,770) | | Pre-Tax Income | (19,144) | (129,253) | (165,709) | (53,161) | (129,741) | | Income Taxes | (247) | (767) | (868) | (80) | (73) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (19,391) | (130,020) | (166,577) | (53,241) | (129,814) | | Net Income from Discontinued Operations | (1,670) | - | - | - | - | | Net Income from Total Operations | (21,061) | (130,020) | (166,577) | (53,241) | (129,814) | | | Normalized Income | (7,210) | (49,171) | (36,457) | (53,241) | (43,671) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (12,181) | (80,849) | (130,120) | - | (86,143) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (21,061) | (130,020) | (166,577) | (53,241) | (129,814) | | | 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 | -0.17 | -1.14 | -1.60 | -0.56 | -1.40 | | Basic EPS from Discontinued Operations | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.18 | -1.14 | -1.60 | -0.56 | -1.40 | | | Diluted EPS from Continuing Operations | -0.17 | -1.14 | -1.60 | -0.56 | -1.40 | | Diluted EPS from Discontinued Operations | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.18 | -1.14 | -1.60 | -0.56 | -1.40 | | | |
