| Income Statement for Calfrac Well Services Ltd. (CFW:CA) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 460,320 | 426,418 | 314,325 | 241,379 | 35,658 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (327,971) | (291,056) | (205,227) | (157,596) | (20,218) | | Gross Operating Profit | 132,349 | 135,362 | 109,098 | 83,783 | 15,440 | | | Selling/General/Admin Expense | (31,685) | (28,350) | (29,467) | (18,730) | (2,574) | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | 100,664 | 107,012 | 79,631 | 65,053 | 12,866 | | Depreciation & Amortization | (37,677) | (25,699) | (17,179) | (11,992) | (9,434) | | EBIT | 62,987 | 81,313 | 62,452 | 53,061 | 3,432 | | Interest Income | - | - | 129 | - | - | | Other Income, Net | (2,837) | 2,521 | (20) | (61) | (3,478) | | Total Income Avail For Interest Expense | 60,682 | 83,834 | 62,561 | 52,035 | (12,794) | | Interest Expense | (9,450) | (2,341) | - | (538) | (3,119) | | Pre-Tax Income | 51,232 | 81,493 | 62,561 | 51,497 | (15,913) | | Income Taxes | (12,664) | (9,043) | (2,469) | (5,846) | (43) | | Minority Interest | - | - | 21 | (21) | - | | Net Income from Continuing Operations | 38,568 | 72,450 | 60,113 | 45,630 | (15,956) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 38,568 | 72,450 | 60,113 | 45,630 | (15,956) | | | Normalized Income | 38,568 | 72,450 | 60,113 | 46,595 | (3,208) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (965) | (12,748) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 38,568 | 72,450 | 60,113 | 45,630 | (15,956) | | | 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 | 3,674 | - | - | - | - | | | Basic EPS from Continuing Operations | 1.06 | 2.00 | 1.66 | 1.45 | -0.45 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.06 | 2.00 | 1.66 | 1.45 | -0.45 | | | Diluted EPS from Continuing Operations | 1.06 | 1.98 | 1.64 | 1.45 | -0.43 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.06 | 1.98 | 1.64 | 1.45 | -0.43 | | | |
