| Balance Sheet for Team Inc. (TISI) | | | | | | | Assets | in Thousands of Dollars | | | 05/2008 | 05/2007 | 05/2006 | 05/2005 | 05/2004 | | | Cash and Equivalents | 6,600 | 4,335 | 2,578 | 3,993 | 2,019 | | Marketable Securities | - | - | - | - | - | | Receivables | 126,397 | 84,496 | 68,487 | 62,269 | 27,881 | | Inventories | 16,408 | 11,518 | 10,525 | 12,394 | 9,928 | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 156,923 | 107,513 | 84,831 | 81,011 | 41,267 | | | Gross Fixed Assets | 99,628 | 69,711 | 53,173 | 53,299 | 35,362 | | Accumulated Depreciation | (43,490) | (34,545) | (26,725) | (24,529) | (19,477) | | Net Fixed Assets | 56,138 | 35,166 | 26,448 | 28,770 | 15,885 | | Intangibles | 1,276 | 458 | 708 | 30,362 | 16,271 | | Other Non-Current Assets | 3,220 | 1,465 | 1,532 | 3,183 | 973 | | Total Non-Current Assets | 123,538 | 63,541 | 55,140 | 62,315 | 33,129 | | Total Assets | 280,461 | 171,054 | 139,971 | 143,326 | 74,396 | | | Liabilities | in Thousands of Dollars | | | 05/2008 | 05/2007 | 05/2006 | 05/2005 | 05/2004 | | | Accounts Payable | 21,462 | 10,560 | 7,978 | 11,209 | 4,501 | | Short Term Debt | 6,249 | 4,862 | 5,899 | 3,835 | 1,482 | | Other Current Liabilities | - | - | 4,837 | 2,380 | 551 | | Total Current Liabilities | 56,744 | 37,284 | 35,612 | 31,922 | 13,555 | | | Long Term Debt | 96,818 | 48,774 | 39,804 | 59,907 | 17,095 | | Deferred Income Tax | 6,137 | 486 | 404 | 2,038 | 1,074 | | Other Non-Current Liabilities | - | - | - | 144 | 139 | | Minority Interest | - | 307 | 266 | 373 | 234 | | Total Non-Current Liabilities | 102,955 | 49,567 | 40,474 | 62,462 | 18,542 | | Total Liabilities | 159,699 | 86,851 | 76,086 | 94,384 | 32,097 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 120,762 | 84,203 | 63,885 | 48,942 | 42,299 | | Total Equity | 120,762 | 84,203 | 63,885 | 48,942 | 42,299 | | Total Liabilities & Stock Equity | 280,461 | 171,054 | 139,971 | 143,326 | 74,396 | | | |
