| Income Statement for Winmark Corp. (WINA) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 31,165 | 27,370 | 26,593 | 26,607 | 30,622 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (4,559) | (4,308) | (5,328) | (7,107) | (10,494) | | Gross Operating Profit | 26,606 | 23,063 | 21,265 | 19,500 | 20,128 | | | Selling/General/Admin Expense | (19,871) | (17,499) | (16,593) | (13,349) | (14,156) | | Research & Development | - | - | - | - | - | | EBITDA | 6,735 | 5,564 | 4,672 | 6,151 | 5,972 | | Depreciation & Amortization | (309) | (203) | (178) | (122) | (198) | | EBIT | 6,426 | 5,362 | 4,494 | 6,029 | 5,773 | | Interest Income | 539 | 867 | 303 | 267 | 182 | | Other Income, Net | - | - | 27 | 769 | 723 | | Total Income Avail For Interest Expense | 6,605 | 6,479 | 3,655 | 6,870 | 6,543 | | Interest Expense | (1,457) | (729) | - | - | - | | Pre-Tax Income | 5,149 | 5,750 | 3,655 | 6,870 | 6,543 | | Income Taxes | (2,104) | (2,329) | (1,555) | (2,788) | (2,530) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 3,045 | 3,421 | 2,100 | 4,082 | 4,013 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 3,045 | 3,421 | 2,100 | 4,082 | 4,013 | | | Normalized Income | 3,045 | 3,421 | 2,100 | 4,082 | 4,013 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 3,045 | 3,421 | 2,100 | 4,082 | 4,013 | | | 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 | 0.56 | 0.59 | 0.35 | 0.70 | 0.71 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.56 | 0.59 | 0.35 | 0.70 | 0.71 | | | Diluted EPS from Continuing Operations | 0.54 | 0.57 | 0.33 | 0.63 | 0.63 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.54 | 0.57 | 0.33 | 0.63 | 0.63 | | | |
