| Income Statement for Quidel Corp. (QDEL) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 118,065 | 106,015 | 92,299 | 78,691 | 95,105 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (44,214) | (40,289) | (33,111) | (30,486) | (38,268) | | Gross Operating Profit | 73,851 | 65,726 | 59,188 | 48,205 | 56,837 | | | Selling/General/Admin Expense | (31,658) | (29,736) | (29,183) | (28,842) | (28,505) | | Research & Development | (12,855) | (13,047) | (12,829) | (11,340) | (8,465) | | EBITDA | 29,338 | 22,943 | 17,176 | 8,023 | 19,867 | | Depreciation & Amortization | (9,852) | (9,109) | (5,466) | (6,207) | (6,601) | | EBIT | 19,486 | 13,834 | 11,710 | 1,816 | 13,266 | | Interest Income | 1,891 | 1,408 | 722 | - | - | | Other Income, Net | (117) | 545 | 49 | 654 | 421 | | Total Income Avail For Interest Expense | 21,260 | 15,787 | (4,519) | 2,470 | 11,479 | | Interest Expense | (736) | (757) | (808) | (886) | (980) | | Pre-Tax Income | 20,524 | 15,030 | (5,327) | 1,584 | 10,499 | | Income Taxes | (6,893) | 5,891 | (3,000) | - | 9,152 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 13,631 | 20,921 | (8,327) | 1,584 | 19,651 | | Net Income from Discontinued Operations | - | 797 | (932) | (7,871) | - | | Net Income from Total Operations | 13,631 | 21,718 | (9,259) | (6,287) | 19,651 | | | Normalized Income | 13,631 | 20,921 | 8,673 | 1,584 | 21,859 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | (17,000) | - | (2,208) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 13,631 | 21,718 | (9,259) | (6,287) | 19,651 | | | 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 | 0.43 | 0.63 | -0.26 | 0.05 | 0.67 | | Basic EPS from Discontinued Operations | 0.00 | 0.02 | -0.03 | -0.25 | 0.00 | | Basic EPS from Total Operations | 0.43 | 0.65 | -0.29 | -0.20 | 0.67 | | | Diluted EPS from Continuing Operations | 0.41 | 0.61 | -0.26 | 0.05 | 0.65 | | Diluted EPS from Discontinued Operations | 0.00 | 0.02 | -0.03 | -0.25 | 0.00 | | Diluted EPS from Total Operations | 0.41 | 0.63 | -0.29 | -0.20 | 0.65 | | | |
