| Income Statement for Ultrapetrol Ltd. (ULTR) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 221,742 | 173,466 | 125,361 | 95,160 | 75,233 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (130,502) | (96,860) | (72,024) | (40,247) | (40,718) | | Gross Operating Profit | 91,240 | 76,606 | 53,337 | 54,913 | 34,515 | | | Selling/General/Admin Expense | (20,355) | (14,416) | (9,735) | (9,007) | (7,818) | | Research & Development | - | - | - | - | - | | EBITDA | 70,885 | 62,190 | 43,602 | 45,906 | 26,697 | | Depreciation & Amortization | (36,136) | (29,090) | (22,370) | (19,256) | (23,152) | | EBIT | 34,749 | 33,100 | 21,232 | 26,650 | 3,545 | | Interest Income | 2,928 | 733 | 1,152 | 119 | 201 | | Other Income, Net | (7,433) | 1,249 | 21,908 | 958 | (2,461) | | Total Income Avail For Interest Expense | 30,244 | 33,671 | 44,292 | 23,055 | 6,207 | | Interest Expense | (20,178) | (19,025) | (19,141) | (16,134) | (16,207) | | Pre-Tax Income | 10,066 | 14,646 | 25,151 | 6,921 | (10,000) | | Income Taxes | (4,886) | (2,201) | (786) | (642) | (185) | | Minority Interest | (739) | (1,919) | (9,797) | (1,140) | (1,333) | | Net Income from Continuing Operations | 4,441 | 10,526 | 14,568 | 5,139 | (11,518) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 4,441 | 10,526 | 14,568 | 5,139 | (11,518) | | | Normalized Income | 4,441 | 11,937 | 14,568 | 10,217 | (13,300) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (1,411) | - | (5,078) | 1,782 | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 4,441 | 10,526 | 14,568 | 5,139 | (11,518) | | | 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 | 0.14 | 0.59 | 1.26 | 2.41 | -0.01 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.14 | 0.59 | 1.26 | 2.41 | -0.01 | | | Diluted EPS from Continuing Operations | 0.14 | 0.58 | 1.26 | 2.41 | -0.01 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.14 | 0.58 | 1.26 | 2.41 | -0.01 | | | |
