| Income Statement for Pacific Northern Gas Ltd (PNG:CA) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 122,232 | 138,848 | 159,950 | 137,755 | 133,727 | | Adjustments to Revenue | 4,567 | 4,755 | 4,120 | 3,941 | 3,982 | | Cost of Revenue | (88,963) | (94,892) | (111,148) | (88,794) | (84,341) | | Gross Operating Profit | 28,702 | 39,201 | 44,682 | 45,020 | 45,404 | | | Selling/General/Admin Expense | (18,105) | (17,026) | (17,166) | (18,716) | (18,471) | | Research & Development | (2,273) | - | - | - | - | | EBITDA | 8,324 | 22,175 | 27,516 | 26,304 | 26,933 | | Depreciation & Amortization | (3,572) | (4,604) | (8,905) | (8,800) | (8,452) | | EBIT | 4,752 | 17,571 | 18,611 | 17,504 | 18,481 | | Interest Income | - | - | 27 | - | - | | Other Income, Net | 7,734 | 787 | - | 38 | 56 | | Total Income Avail For Interest Expense | 12,486 | 18,358 | 18,638 | 17,542 | 18,537 | | Interest Expense | (7,155) | (10,460) | (7,564) | (8,014) | (8,109) | | Pre-Tax Income | 5,331 | 7,898 | 11,074 | 9,528 | 10,428 | | Income Taxes | (958) | (2,947) | (4,414) | (4,120) | (4,760) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 4,373 | 4,951 | 6,660 | 5,408 | 5,668 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 4,373 | 4,951 | 6,660 | 5,408 | 5,668 | | | Normalized Income | 4,373 | 4,951 | 6,660 | 5,408 | 5,668 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 4,373 | 4,951 | 6,660 | 5,408 | 5,668 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.80 | 0.80 | 0.80 | 0.80 | 3.55 | | Preferred Dividends | 337 | 337 | 337 | 337 | 337 | | | Basic EPS from Continuing Operations | 1.11 | 1.27 | 1.75 | 1.41 | 1.49 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.11 | 1.27 | 1.75 | 1.41 | 1.49 | | | Diluted EPS from Continuing Operations | 1.10 | 1.26 | 1.72 | 1.38 | 1.46 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.10 | 1.26 | 1.72 | 1.38 | 1.46 | | | |
