| Income Statement for Wellco Energy Services Trust (WLL.UN:CA) | | | | | | | Income | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Operating Revenue | 110,660 | 84,376 | 59,573 | 20,943 | 6,581 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (66,407) | (49,623) | (33,505) | (12,207) | (4,267) | | Gross Operating Profit | 44,253 | 34,753 | 26,068 | 8,735 | 2,314 | | | Selling/General/Admin Expense | (15,880) | (12,552) | (8,638) | (3,926) | (1,042) | | Research & Development | - | - | - | - | - | | EBITDA | 28,373 | 22,201 | 17,430 | 4,809 | 1,272 | | Depreciation & Amortization | (9,775) | (7,245) | (5,421) | (2,795) | (858) | | EBIT | 18,598 | 14,956 | 12,009 | 2,014 | 414 | | Interest Income | - | - | - | - | - | | Other Income, Net | (341) | 1,299 | (366) | - | - | | Total Income Avail For Interest Expense | 9,657 | 16,255 | 11,643 | 2,014 | 414 | | Interest Expense | (1,538) | (983) | (1,349) | (1,296) | (320) | | Pre-Tax Income | 8,119 | 15,272 | 10,294 | 718 | 94 | | Income Taxes | 458 | (1,073) | (331) | 728 | 345 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 8,577 | 14,199 | 9,963 | 1,446 | 439 | | Net Income from Discontinued Operations | - | - | - | - | (16) | | Net Income from Total Operations | 8,577 | 14,199 | 9,963 | 1,446 | 422 | | | Normalized Income | 17,177 | 14,199 | 9,963 | 1,446 | 439 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (8,600) | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 8,577 | 14,199 | 9,963 | 1,446 | 422 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Dividends Paid Per Share | 1.06 | 0.97 | 0.96 | 0.08 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.49 | 0.99 | 0.80 | 0.32 | 0.09 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.49 | 0.99 | 0.80 | 0.32 | 0.09 | | | Diluted EPS from Continuing Operations | 0.49 | 0.98 | 0.79 | 0.31 | 0.09 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.49 | 0.98 | 0.79 | 0.31 | 0.09 | | | |
