| Income Statement for Western Goldfields Inc. (WGI:CA) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Operating Revenue | 4,634 | 9,156 | 11,395 | 11,754 | | Adjustments to Revenue | - | - | - | - | | Cost of Revenue | (20,241) | (10,220) | (11,168) | (11,743) | | Gross Operating Profit | (15,607) | (1,064) | 226 | 10 | | | Selling/General/Admin Expense | (9,069) | (9,659) | (2,227) | (2,687) | | Research & Development | N/A | N/A | N/A | N/A | | EBITDA | (24,676) | (10,724) | (2,001) | (2,676) | | Depreciation & Amortization | (4,239) | (1,267) | (1,431) | (2,101) | | EBIT | (28,914) | (11,990) | (3,432) | (4,777) | | Interest Income | 1,962 | 456 | 202 | 138 | | Other Income, Net | (58,796) | (676) | 50 | (171) | | Total Income Avail For Interest Expense | (85,748) | (13,470) | (3,180) | (4,811) | | Interest Expense | (1,094) | (24) | (704) | (492) | | Pre-Tax Income | (86,843) | (13,494) | (3,884) | (5,302) | | Income Taxes | 36,879 | - | - | - | | Minority Interest | - | - | - | - | | Net Income from Continuing Operations | (49,964) | (13,494) | (3,884) | (5,302) | | Net Income from Discontinued Operations | - | - | - | - | | Net Income from Total Operations | (49,964) | (13,494) | (3,884) | (5,302) | | | Normalized Income | (49,964) | (12,233) | (3,884) | (5,302) | | Extraordinary Income | - | - | - | - | | Special Income/Charges | - | (1,261) | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | | Other Gains | - | - | - | - | | Total Net Income | (49,964) | (13,494) | (3,884) | (5,302) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | 20 | 40 | - | | | Basic EPS from Continuing Operations | -0.43 | -0.21 | -0.10 | -0.14 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.43 | -0.21 | -0.10 | -0.14 | | | Diluted EPS from Continuing Operations | -0.43 | -0.21 | -0.10 | -0.14 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.43 | -0.21 | -0.10 | -0.14 | | | |
