| Income Statement for SchweitzerMauduit International Inc. (SWM) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 714,800 | 655,200 | 669,800 | 657,500 | 566,900 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (573,500) | (533,600) | (540,400) | (504,600) | (433,300) | | Gross Operating Profit | 141,300 | 121,600 | 129,400 | 152,900 | 133,600 | | | Selling/General/Admin Expense | (58,200) | (50,400) | (49,000) | (55,100) | (46,700) | | Research & Development | (8,000) | (7,300) | (9,000) | (9,300) | (8,300) | | EBITDA | 75,100 | 63,900 | 71,400 | 88,500 | 78,600 | | Depreciation & Amortization | (33,200) | (37,500) | (32,100) | (30,800) | (24,700) | | EBIT | 41,900 | 26,400 | 39,300 | 57,700 | 53,900 | | Interest Income | - | - | - | - | - | | Other Income, Net | (100) | (500) | 2,500 | 1,500 | (200) | | Total Income Avail For Interest Expense | 17,800 | 4,600 | 41,800 | 59,200 | 53,700 | | Interest Expense | (5,900) | (5,500) | (6,200) | (3,700) | (2,300) | | Pre-Tax Income | 11,900 | (900) | 35,600 | 55,500 | 51,400 | | Income Taxes | (500) | 4,200 | (10,400) | (12,100) | (12,000) | | Minority Interest | (8,000) | (4,100) | (5,800) | (7,000) | (4,900) | | Net Income from Continuing Operations | 3,400 | (800) | 19,400 | 36,400 | 34,500 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 3,400 | (800) | 19,400 | 36,400 | 34,500 | | | Normalized Income | 27,400 | 20,300 | 19,400 | 36,400 | 34,500 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (24,000) | (21,100) | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 3,400 | (800) | 19,400 | 36,400 | 34,500 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.60 | 0.60 | 0.60 | 0.60 | 0.60 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.22 | -0.05 | 1.28 | 2.45 | 2.34 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.22 | -0.05 | 1.28 | 2.45 | 2.34 | | | Diluted EPS from Continuing Operations | 0.22 | -0.05 | 1.26 | 2.36 | 2.28 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.22 | -0.05 | 1.26 | 2.36 | 2.28 | | | |
