| Income Statement for Waste Industries USA Inc. (WWIN) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 340,668 | 327,545 | 310,629 | 291,725 | 270,465 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (215,226) | (212,197) | (207,235) | (196,513) | (177,290) | | Gross Operating Profit | 125,442 | 115,348 | 103,394 | 95,212 | 93,175 | | | Selling/General/Admin Expense | (47,509) | (43,167) | (42,823) | (39,863) | (38,114) | | Research & Development | - | - | - | - | - | | EBITDA | 77,933 | 72,181 | 60,571 | 55,349 | 55,061 | | Depreciation & Amortization | (32,160) | (32,733) | (31,687) | (30,194) | (30,549) | | EBIT | 45,773 | 39,448 | 28,884 | 25,155 | 24,512 | | Interest Income | 126 | 181 | 96 | 128 | 141 | | Other Income, Net | 1,817 | 1,607 | 231 | 5,060 | 816 | | Total Income Avail For Interest Expense | 47,700 | 41,013 | 30,442 | 28,636 | 24,952 | | Interest Expense | (9,871) | (9,608) | (9,833) | (9,931) | (9,891) | | Pre-Tax Income | 37,829 | 31,405 | 20,609 | 18,705 | 15,061 | | Income Taxes | (14,301) | (14,416) | (8,292) | (6,908) | (6,171) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 23,528 | 16,989 | 12,317 | 11,797 | 8,890 | | Net Income from Discontinued Operations | 153 | 2,292 | (128) | - | - | | Net Income from Total Operations | 23,681 | 19,281 | 12,189 | 11,797 | 8,890 | | | Normalized Income | 23,544 | 17,212 | 11,086 | 13,504 | 9,407 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (16) | (223) | 1,231 | (1,707) | (517) | | Income from Cum. Effect of Acct Change | - | - | - | - | (1,067) | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 23,681 | 19,281 | 12,189 | 11,797 | 7,823 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.51 | 0.38 | 0.24 | 0.16 | 0.08 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.67 | 1.22 | 0.90 | 0.87 | 0.66 | | Basic EPS from Discontinued Operations | 0.01 | 0.17 | -0.01 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.68 | 1.39 | 0.89 | 0.87 | 0.66 | | | Diluted EPS from Continuing Operations | 1.66 | 1.21 | 0.89 | 0.86 | 0.66 | | Diluted EPS from Discontinued Operations | 0.01 | 0.16 | -0.01 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.67 | 1.37 | 0.88 | 0.86 | 0.66 | | | |
