| Income Statement for West Marine Inc. (WMAR) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 679,561 | 716,604 | 692,264 | 682,996 | 660,936 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (464,940) | (488,571) | (466,536) | (438,936) | (429,906) | | Gross Operating Profit | 214,621 | 228,033 | 225,728 | 244,060 | 231,030 | | | Selling/General/Admin Expense | (188,529) | (195,718) | (200,134) | (172,150) | (164,426) | | Research & Development | - | - | - | - | - | | EBITDA | 26,092 | 32,315 | 25,594 | 71,910 | 66,604 | | Depreciation & Amortization | (19,736) | (21,738) | (23,093) | (25,139) | (24,409) | | EBIT | 6,356 | 10,577 | 2,501 | 46,771 | 42,195 | | Interest Income | - | - | - | - | - | | Other Income, Net | - | - | (792) | (1,419) | (1,902) | | Total Income Avail For Interest Expense | (51,107) | (3,891) | 1,709 | 45,352 | 39,384 | | Interest Expense | (3,962) | (6,406) | (6,283) | (5,893) | (6,981) | | Pre-Tax Income | (55,069) | (10,297) | (4,574) | 39,459 | 32,403 | | Income Taxes | 5,093 | 3,198 | 2,395 | (13,925) | (12,313) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (49,976) | (7,099) | (2,179) | 25,534 | 20,090 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (49,976) | (7,099) | (2,179) | 25,534 | 20,090 | | | Normalized Income | 7,487 | 7,369 | (2,179) | 25,534 | 20,999 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (57,463) | (14,468) | - | - | (909) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (49,976) | (7,099) | (2,179) | 25,534 | 20,090 | | | 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 | -2.30 | -0.33 | -0.10 | 1.23 | 1.02 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -2.30 | -0.33 | -0.10 | 1.23 | 1.02 | | | Diluted EPS from Continuing Operations | -2.30 | -0.33 | -0.10 | 1.20 | 0.99 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -2.30 | -0.33 | -0.10 | 1.20 | 0.99 | | | |
