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Income Statement for Plains Exploration & Production Company (PXP)

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Income Statement for Plains Exploration & Production Company  (PXP) 
$ 20.42   -2.73 (-11.79%) Volume: 0 4:01 PM EST Dec 1, 2008
Statement: View:
Income in Millions of Dollars
12/2007 12/2006 12/2005 12/2004 12/2003
Operating Revenue 1,273 1,019 944 672 304
Adjustments to Revenue 33 25 - - -
Cost of Revenue (371) (279) (278) (215) (105)
Gross Operating Profit 870 715 667 457 199
Selling/General/Admin Expense (124) (123) (128) (79) (43)
Research & Development - - - - -
EBITDA 746 592 539 378 156
Depreciation & Amortization (316) (217) (188) (148) (52)
EBIT 429 375 351 230 104
Interest Income 6 5 3 1 (0)
Other Income, Net (89) 685 (8) - -
Total Income Avail For Interest Expense 337 1,049 (289) 39 104
Interest Expense (69) (65) (55) (37) (24)
Pre-Tax Income 268 985 (345) 2 81
Income Taxes (110) (385) 131 7 (33)
Minority Interest - - - - -
Net Income from Continuing Operations 159 600 (214) 9 47
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations 159 600 (214) 9 47
Normalized Income 169 616 422 200 46
Extraordinary Income - - - - -
Special Income/Charges (10) (17) (636) (192) 1
Income from Cum. Effect of Acct Change - (2) - - 12
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income 159 598 (214) 9 59
Results in Dollars (Preferred Dividends in Millions)
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 2.02 7.76 -2.75 0.14 1.41
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations 2.02 7.76 -2.75 0.14 1.41
Diluted EPS from Continuing Operations 1.99 7.67 -2.75 0.14 1.41
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations 1.99 7.67 -2.75 0.14 1.41

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Date:Sep 4, 2008
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