Lincoln Educational Services Corp. (LINC) Income Statement

Income Statement for Lincoln Educational Services Corp.  (LINC) 
$ 8.92   -0.35 (-3.78%) Volume: 69.84 k 4:00 PM EST Feb 10, 2012
After Hours:  $ 8.92 0.00 (0.00%) Volume: 100  4:58 PM EST Feb 10, 2012
Statement: View:
Income [+] in Thousands of Dollars
12/2010 12/2009 12/2008 12/2007 12/2006
Operating Revenue 639,494 552,536 376,907 327,774 310,630
Total Revenue 639,494 552,536 376,907 327,774 310,630
Adjustments to Revenue - - - - -
Cost of Revenue (213,161) (186,807) (135,610) (123,567) (114,253)
Cost of Sales With Depreciation 239,738 211,295 153,530 139,500 129,311
Gross Margin 426,333 365,729 241,297 204,207 196,377
Gross Operating Profit 426,333 365,729 241,297 204,207 196,377
Selling/General/Admin Expense (270,879) (252,673) (187,722) (162,396) (151,136)
Research & Development - - - - -
Advertising - - - - -
EBITDA (Operating Income Before Depreciation) 155,454 113,056 53,575 41,811 45,241
Depreciation & Amortization (26,577) (24,488) (17,920) (15,933) (15,058)
Depreciation, Unreconciled - - - - -
Amortization - - - - -
Amortization of Intangibles - - - - -
Operating Income 128,877 88,568 35,655 25,878 30,183
Operating Profit After Depreciation 128,877 88,568 35,655 25,878 30,183
Interest Income 30 29 113 180 981
Earnings from Equity Interest - - - - -
Other Income, Net 53 - (80) 42 303
Income, Acquired in Process R&D - - - - -
Income, Restructuring and M&A - - - - -
Other Special Charges (6,244) (215) - - -
Total Income Before Interest Expense (EBIT) 122,716 88,382 35,688 26,100 31,467
Interest Expense (4,533) (4,275) (2,152) (2,341) (2,291)
Income Before Tax 118,183 84,107 33,536 23,759 29,176
Income Taxes (48,452) (34,868) (13,341) (9,932) (12,092)
Minority Interest - - - - -
Preferred Securities of Subsidiary Trust - - - - -
Other Special Charges 118,183 84,107 33,536 23,759 29,176
Net Income from Continuing Operations 69,731 49,239 20,195 13,827 17,084
Net Income from Discontinued Operations - - - (5,487) (1,532)
Net Income from Total Operations 69,731 49,239 20,195 8,340 15,552
Normalized Income 75,975 49,454 20,195 13,827 17,084
Extraordinary Income/Loss - - - - -
Special Income/Charges (6,244) (215) - - -
Income from Cum. Effect of Acct Change - - - - -
Income from Tax Loss Carryforward - - - - -
Net Income Available for Common 69,731 49,239 20,195 13,827 17,084
Other Gains - - - - -
Total Net Income 69,731 49,239 20,195 8,340 15,552
Net Income Available for Common 69,731 49,239 20,195 13,827 17,084
Results [+] in Dollars (Preferred Dividends in Thousands)
12/2010 12/2009 12/2008 12/2007 12/2006
Dividends Paid Per Share 0.25 0.00 0.00 0.00 0.00
Preferred Dividends - - - - -
Basic EPS from Continuing Operations 2.86 1.87 0.80 0.54 0.67
Basic EPS from Discontinued Operations 0.00 0.00 0.00 -0.21 -0.06
Basic EPS from Extraordinary Income Gains/Losses 0.00 0.00 0.00 0.00 0.00
Basic EPS from Cumulative Effect of Accounting Change 0.00 0.00 0.00 0.00 0.00
Basic EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Basic EPS from Other Gains/Losses 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Net Income 2.86 1.87 0.80 0.33 0.61
Basic Normalized Net Income per Share 3.12 1.88 0.80 0.54 0.67
Basic EPS from Total Operations 2.86 1.87 0.80 0.33 0.61
Diluted EPS from Continuing Operations 2.79 1.82 0.78 0.53 0.65
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 -0.21 -0.05
Diluted EPS from Extraordinary Gains/Losses 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Cumulative Effect of Accounting Change 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Other Gains/Losses 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Net Income 2.79 1.82 0.78 0.32 0.60
Diluted Normalized Net Income per Share 3.04 1.83 0.78 0.53 0.65
Excise Tax - - - - -
Diluted EPS from Total Operations 2.79 1.82 0.78 0.32 0.60