Income Statement

Income Statement - MicroDrive Inc Income Statements for...

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MicroDrive Inc.: Income Statements for Years Ending December 31 (Millions of Dollars, Except for Per-Share Data) 2007 2006 Net sales $3,000.0 $2,850.0 Operating cost excluding depreciation and amortization 2,616.2 2,497.0 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 383.8 $ 353.0 Depreciation 100.0 90.0 Amortization 0.0 0.0 Depreciation and amortization $ 100.0 $ 90.0 Earnings before interest and taxes (EBIT, or operating income) $ 283.8 $ 263.0 Less interest 88.0 60.0 Earnings before taxes (EBT) $ 195.8 $ 203.0 Taxes (40%) 78.3 81.2 Net income before preferred dividends $ 117.5 $ 121.8 Preferred dividends 4.0 4.0 Net income $ 113.5 $ 117.8 Common dividends $ 57.5 $ 53.0 Addition to retained earnings $ 56.0 $ 64.8 Per-Share Data Common stock price $23.00 $26.00 Earnings per share (EPS) a $ 2.27 $ 2.36 Dividends per share (DPS) a $ 1.15 $ 1.06 Book value per share (BVPS) a $17.92 $16.80 Cash flow per share (CFPS) a $ 4.27 $ 4.16 ______________________ a
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