| Income Statement for RCN Corp. (RCNI) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 636,097 | 585,476 | 560,964 | 16,372 | 484,854 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (224,030) | (195,614) | (194,499) | (5,958) | (149,457) | | Gross Operating Profit | 412,067 | 389,862 | 366,465 | 10,414 | 335,397 | | | Selling/General/Admin Expense | (288,426) | (280,923) | (284,907) | (7,996) | (317,192) | | Research & Development | - | - | - | - | - | | EBITDA | 123,641 | 108,939 | 81,558 | 2,418 | 18,205 | | Depreciation & Amortization | (195,979) | (194,268) | (192,655) | (5,218) | (213,029) | | EBIT | (72,338) | (85,329) | (111,097) | (2,800) | (194,824) | | Interest Income | - | - | - | - | - | | Other Income, Net | 8,146 | 129,269 | 9,740 | - | (111,916) | | Total Income Avail For Interest Expense | (136,181) | 17,951 | (95,489) | (2,800) | (318,270) | | Interest Expense | (34,510) | (24,659) | (42,333) | (888) | (180,206) | | Pre-Tax Income | (170,691) | (6,708) | (137,822) | (3,688) | (498,476) | | Income Taxes | 1,049 | (7,612) | (779) | - | (1,271) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (169,642) | (14,320) | (138,601) | (3,688) | (499,747) | | Net Income from Discontinued Operations | 17,605 | 2,464 | (111) | - | 174,046 | | Net Income from Total Operations | (152,037) | (11,856) | (138,712) | (3,688) | (325,701) | | | Normalized Income | (97,653) | 11,669 | (144,469) | (3,688) | (464,747) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (71,989) | (25,989) | 5,868 | - | (35,000) | | Income from Cum. Effect of Acct Change | - | - | 2,600 | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (152,037) | (11,856) | (136,112) | (3,688) | (325,701) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 9.33 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | 52,902 | 173,392 | | | Basic EPS from Continuing Operations | -4.58 | -0.39 | -3.85 | -0.10 | -6.07 | | Basic EPS from Discontinued Operations | 0.48 | 0.07 | 0.00 | 0.00 | 1.57 | | Basic EPS from Total Operations | -4.10 | -0.32 | -3.85 | -0.10 | -4.50 | | | Diluted EPS from Continuing Operations | -4.58 | -0.39 | -3.85 | -0.10 | -6.07 | | Diluted EPS from Discontinued Operations | 0.48 | 0.07 | 0.00 | 0.00 | 1.57 | | Diluted EPS from Total Operations | -4.10 | -0.32 | -3.85 | -0.10 | -4.50 | | | |
