| Income Statement for Williams Controls Inc. (WMCO) | | | | | | | Income | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Operating Revenue | 68,924 | 74,634 | 67,416 | 58,050 | 51,919 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (43,147) | (46,609) | (43,390) | (37,921) | (39,218) | | Gross Operating Profit | 25,777 | 28,025 | 24,026 | 20,129 | 12,701 | | | Selling/General/Admin Expense | (8,798) | (8,207) | (7,038) | (6,056) | (6,785) | | Research & Development | (3,145) | (3,412) | (3,233) | (3,042) | (3,575) | | EBITDA | 13,834 | 16,406 | 13,755 | 11,031 | 2,341 | | Depreciation & Amortization | (2,005) | (1,579) | (1,013) | (1,313) | (1,734) | | EBIT | 11,829 | 14,827 | 12,742 | 9,718 | 607 | | Interest Income | 136 | 70 | 59 | 3 | 25 | | Other Income, Net | 1,147 | 775 | 432 | (19,549) | 182 | | Total Income Avail For Interest Expense | 13,112 | 15,672 | 13,233 | (9,828) | 1,765 | | Interest Expense | (868) | (1,414) | (1,459) | (3,317) | (1,254) | | Pre-Tax Income | 12,244 | 14,258 | 11,774 | (13,145) | 511 | | Income Taxes | (4,307) | (4,709) | (4,279) | 9,265 | 305 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 7,937 | 9,549 | 7,495 | (3,880) | 816 | | Net Income from Discontinued Operations | - | - | - | 178 | 120 | | Net Income from Total Operations | 7,937 | 9,549 | 7,495 | (3,702) | 936 | | | Normalized Income | 7,937 | 9,549 | 7,495 | (3,880) | (135) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | 951 | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 7,937 | 9,549 | 7,495 | (3,702) | 936 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | 2,011 | | | Basic EPS from Continuing Operations | 1.06 | 1.29 | 0.96 | -1.08 | -0.36 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | -0.06 | 0.06 | | Basic EPS from Total Operations | 1.06 | 1.29 | 0.96 | -1.14 | -0.30 | | | Diluted EPS from Continuing Operations | 1.03 | 1.25 | 0.96 | -1.08 | -0.36 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | -0.06 | 0.06 | | Diluted EPS from Total Operations | 1.03 | 1.25 | 0.96 | -1.14 | -0.30 | | | |
