Magellan Energy, Ltd. (MGLG)

Magellan Energy Income Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Year	TTM	FY 1997	FY 1996	FY 1995	FY 1994	FY 1993
Period Ending	Oct 3, 1998	Jan 3, 1998	Dec 31, 1996	Dec 31, 1995	Dec 31, 1994	Dec 31, 1993
Revenue	32.67	43.44	23.63	15.43	5.24	4.36
Revenue Growth (YoY)	-22.16%	83.82%	53.12%	194.78%	19.96%	-
Cost of Revenue	27.26	36.26	17.79	12.04	4.61	3.88
Gross Profit	5.41	7.18	5.84	3.39	0.62	0.49
Selling, General & Admin	7.45	9.73	4.8	3.01	0.65	0.49
Operating Expenses	7.45	9.73	4.8	3.01	0.65	0.49
Operating Income	-2.04	-2.54	1.04	0.38	-0.02	-0
Interest Expense	-1.66	-1.46	-0.72	-0.65	-0.14	-0.09
Interest & Investment Income	-	-	0.25	-	-	-
EBT Excluding Unusual Items	-3.7	-4	0.58	-0.27	-0.17	-0.1
Asset Writedown	-1.46	-0.9	-	-	-	-
Other Unusual Items	-0.43	-0.43	-	-	-	-
Pretax Income	-5.59	-5.33	0.58	-0.27	-0.17	-0.1
Income Tax Expense	0.13	-0.88	0.26	-0.01	-0.04	-0.05
Earnings From Continuing Operations	-5.72	-4.45	0.32	-0.26	-0.12	-0.04
Earnings From Discontinued Operations	0.59	0.1	-	-	-	-
Net Income to Company	-5.13	-4.35	0.32	-0.26	-0.12	-0.04
Minority Interest in Earnings	-	-	-	-	0.03	0.02
Net Income	-5.13	-4.35	0.32	-0.26	-0.09	-0.02
Preferred Dividends & Other Adjustments	0.27	0.19	0.1	-	-	-
Net Income to Common	-5.39	-4.54	0.22	-0.26	-0.09	-0.02
Free Cash Flow	-3.96	-3.12	0.96	1.1	-0.4	0.52
Gross Margin	16.55%	16.54%	24.71%	21.96%	11.87%	11.12%
Operating Margin	-6.25%	-5.85%	4.42%	2.47%	-0.45%	-0.07%
Profit Margin	-16.51%	-10.46%	0.92%	-1.68%	-1.77%	-0.55%
Free Cash Flow Margin	-12.11%	-7.18%	4.07%	7.10%	-7.70%	12.00%
EBITDA	-0.25	-0.74	1.57	0.62	0.01	0.01
EBITDA Margin	-0.77%	-1.71%	6.66%	4.05%	0.24%	0.21%
D&A For EBITDA	1.79	1.8	0.53	0.24	0.04	0.01
EBIT	-2.04	-2.54	1.04	0.38	-0.02	-0
EBIT Margin	-6.25%	-5.85%	4.42%	2.47%	-0.45%	-0.07%
Effective Tax Rate	-	-	45.35%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.