| Income Statement for Regent Communications Inc. (RGCI) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 97,912 | 85,033 | 85,600 | 84,187 | 80,578 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (62,973) | (56,825) | (57,578) | (55,232) | (56,526) | | Gross Operating Profit | 34,939 | 28,208 | 28,022 | 28,955 | 24,052 | | | Selling/General/Admin Expense | (7,895) | (8,459) | (7,945) | (7,680) | (6,151) | | Research & Development | - | - | - | - | - | | EBITDA | 27,044 | 19,749 | 20,077 | 21,275 | 17,901 | | Depreciation & Amortization | (5,073) | (5,349) | (5,348) | (6,101) | (4,262) | | EBIT | 21,971 | 14,400 | 14,729 | 15,174 | 13,639 | | Interest Income | - | - | - | - | - | | Other Income, Net | (5,045) | 1,926 | 1,122 | (567) | (300) | | Total Income Avail For Interest Expense | (146,674) | (33,657) | (5,164) | 14,607 | 13,339 | | Interest Expense | (16,757) | (7,642) | (4,775) | (3,599) | (3,671) | | Pre-Tax Income | (163,431) | (41,299) | (9,939) | 11,008 | 9,668 | | Income Taxes | 60,561 | 16,052 | 3,318 | (4,565) | (3,962) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (102,870) | (25,247) | (6,621) | 6,443 | 5,706 | | Net Income from Discontinued Operations | 296 | (1,349) | (18) | 6,792 | - | | Net Income from Total Operations | (102,574) | (26,596) | (6,639) | 13,235 | 5,706 | | | Normalized Income | 60,730 | 24,736 | 14,394 | 6,443 | 5,706 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (163,600) | (49,983) | (21,015) | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (102,574) | (26,596) | (6,639) | 13,235 | 5,706 | | | 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 | -2.69 | -0.64 | -0.15 | 0.14 | 0.12 | | Basic EPS from Discontinued Operations | 0.01 | -0.03 | 0.00 | 0.15 | 0.00 | | Basic EPS from Total Operations | -2.68 | -0.67 | -0.15 | 0.29 | 0.12 | | | Diluted EPS from Continuing Operations | -2.69 | -0.64 | -0.15 | 0.14 | 0.12 | | Diluted EPS from Discontinued Operations | 0.01 | -0.03 | 0.00 | 0.15 | 0.00 | | Diluted EPS from Total Operations | -2.68 | -0.67 | -0.15 | 0.29 | 0.12 | | | |
