| Income Statement for WCA Waste Corp. (WCAA) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 184,940 | 149,497 | 114,143 | 73,461 | 64,226 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (120,956) | (95,263) | (73,346) | (49,721) | (40,732) | | Gross Operating Profit | 63,984 | 54,234 | 40,797 | 23,740 | 23,494 | | | Selling/General/Admin Expense | (12,768) | (11,010) | (8,311) | (16,283) | (5,142) | | Research & Development | - | - | - | - | - | | EBITDA | 51,216 | 43,224 | 32,486 | 7,457 | 18,352 | | Depreciation & Amortization | (25,131) | (19,798) | (15,382) | (9,494) | (8,746) | | EBIT | 26,085 | 23,426 | 17,104 | (2,037) | 9,606 | | Interest Income | 1,072 | - | - | - | 5 | | Other Income, Net | (3,561) | 779 | 286 | 268 | 28 | | Total Income Avail For Interest Expense | 23,596 | 20,965 | 16,082 | (2,387) | 9,639 | | Interest Expense | (18,331) | (15,632) | (10,366) | (4,453) | (5,225) | | Pre-Tax Income | 5,265 | 5,333 | 5,716 | (6,840) | 4,414 | | Income Taxes | (2,343) | (2,313) | (2,248) | 2,476 | (1,753) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 2,922 | 3,020 | 3,468 | (4,364) | 2,661 | | Net Income from Discontinued Operations | - | - | - | - | (156) | | Net Income from Total Operations | 2,922 | 3,020 | 3,468 | (4,364) | 2,505 | | | Normalized Income | 2,922 | 6,260 | 4,776 | (3,746) | 2,661 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (3,240) | (1,308) | (618) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | 2,324 | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | 249 | | Total Net Income | 2,922 | 3,020 | 3,468 | (4,364) | 5,078 | | | 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 | 3,876 | 1,603 | - | - | - | | | Basic EPS from Continuing Operations | -0.06 | 0.09 | 0.22 | -0.38 | 0.33 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | | Basic EPS from Total Operations | -0.06 | 0.09 | 0.22 | -0.38 | 0.31 | | | Diluted EPS from Continuing Operations | -0.06 | 0.09 | 0.22 | -0.38 | 0.33 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | | Diluted EPS from Total Operations | -0.06 | 0.09 | 0.22 | -0.38 | 0.31 | | | |
