| Income Statement for Universal Truckload Services Inc. (UACL) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 680,359 | 641,627 | 531,339 | 362,016 | 277,698 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (529,493) | (500,482) | (412,963) | (274,955) | (209,016) | | Gross Operating Profit | 150,866 | 141,145 | 118,376 | 87,061 | 68,682 | | | Selling/General/Admin Expense | (114,677) | (102,325) | (86,366) | (64,596) | (51,752) | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | 36,189 | 38,820 | 32,010 | 22,465 | 16,930 | | Depreciation & Amortization | (8,163) | (5,730) | (4,344) | (3,913) | (2,863) | | EBIT | 28,026 | 33,090 | 27,666 | 18,552 | 14,067 | | Interest Income | 379 | 1,088 | 756 | 113 | 253 | | Other Income, Net | 622 | - | - | - | - | | Total Income Avail For Interest Expense | 29,027 | 34,178 | 28,422 | 18,665 | 14,320 | | Interest Expense | (57) | (45) | (331) | (890) | (499) | | Pre-Tax Income | 28,970 | 34,133 | 28,091 | 17,775 | 13,821 | | Income Taxes | (11,134) | (13,124) | (10,924) | (6,657) | (5,103) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 17,836 | 21,009 | 17,167 | 11,118 | 8,718 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 17,836 | 21,009 | 17,167 | 11,118 | 8,718 | | | Normalized Income | 17,836 | 21,009 | 17,167 | 11,118 | 8,718 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 17,836 | 21,009 | 17,167 | 11,118 | 8,718 | | | 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 | 1.11 | 1.30 | 1.12 | 1.11 | 0.87 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.11 | 1.30 | 1.12 | 1.11 | 0.87 | | | Diluted EPS from Continuing Operations | 1.11 | 1.30 | 1.12 | 1.11 | 0.87 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.11 | 1.30 | 1.12 | 1.11 | 0.87 | | | |
