| Income Statement for Ultimate Software Group Inc. (ULTI) | | | | After Hours: $ 19.39 | 0.00 (0.00%) | Volume: 300 | 4:01 PM EDT Oct 10, 2008 | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 151,464 | 114,811 | 88,603 | 72,028 | 60,416 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (57,716) | (44,149) | (31,433) | (26,347) | (22,547) | | Gross Operating Profit | 93,748 | 70,662 | 57,170 | 45,681 | 37,869 | | | Selling/General/Admin Expense | (50,913) | (40,030) | (29,914) | (27,436) | (23,659) | | Research & Development | (28,162) | (22,471) | (19,999) | (18,317) | (18,229) | | EBITDA | 14,673 | 8,161 | 7,257 | (72) | (4,019) | | Depreciation & Amortization | (7,068) | (5,371) | (4,426) | (5,055) | (5,032) | | EBIT | 7,605 | 2,790 | 2,831 | (5,127) | (9,051) | | Interest Income | 1,413 | 1,538 | 819 | 285 | 103 | | Other Income, Net | 214 | - | - | - | - | | Total Income Avail For Interest Expense | 13,607 | 4,328 | 3,650 | (4,842) | (8,948) | | Interest Expense | (214) | (195) | (225) | (182) | (221) | | Pre-Tax Income | 13,393 | 4,133 | 3,425 | (5,024) | (9,169) | | Income Taxes | 19,736 | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 33,129 | 4,133 | 3,425 | (5,024) | (9,169) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 33,129 | 4,133 | 3,425 | (5,024) | (9,169) | | | Normalized Income | 28,754 | 4,133 | 3,425 | (5,024) | (9,169) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | 4,375 | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 33,129 | 4,133 | 3,425 | (5,024) | (9,169) | | | 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 | 1.34 | 0.17 | 0.15 | -0.23 | -0.49 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.34 | 0.17 | 0.15 | -0.23 | -0.49 | | | Diluted EPS from Continuing Operations | 1.24 | 0.15 | 0.13 | -0.23 | -0.49 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.24 | 0.15 | 0.13 | -0.23 | -0.49 | | | |
