Puda Coal, Inc. (PUDA)

Puda Coal Income Statement

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

Fiscal Year	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
Revenue	324.82	214.07	242.34	165.27	137.77
Revenue Growth (YoY)	51.74%	-11.67%	46.63%	19.96%	166.43%
Cost of Revenue	283.65	195.91	212	136.65	109.38
Gross Profit	41.17	18.16	30.34	28.62	28.39
Selling, General & Admin	7.05	4.6	5.4	5.19	5.62
Operating Expenses	7.05	4.6	5.4	5.19	5.62
Operating Income	34.12	13.56	24.94	23.43	22.77
Interest Expense	-1.85	-0.52	-1.54	-4	-15.11
Interest & Investment Income	0.21	0.09	0.41	0.08	0.06
Other Non Operating Income (Expenses)	0.22	-4.98	0.39	-0.34	1.24
EBT Excluding Unusual Items	32.7	8.15	24.2	19.17	8.96
Other Unusual Items	-	0.98	-0.72	-	-
Pretax Income	32.7	9.13	23.48	19.17	8.96
Income Tax Expense	9.18	3.65	6.42	8.29	7.6
Net Income	23.53	5.48	17.06	10.87	1.35
Net Income to Common	23.53	5.48	17.06	10.87	1.35
Net Income Growth	329.26%	-67.87%	56.90%	703.10%	40.31%
Shares Outstanding (Basic)	20	15	15	14	11
Shares Outstanding (Diluted)	20	16	15	14	11
Shares Change (YoY)	29.73%	2.39%	5.98%	25.23%	3.55%
EPS (Basic)	1.17	0.36	1.12	0.77	0.12
EPS (Diluted)	1.15	0.36	1.12	0.77	0.12
EPS Growth	223.32%	-68.24%	45.45%	551.26%	68.90%
Free Cash Flow	-33.54	-4.84	26.51	-10.12	11.3
Free Cash Flow Per Share	-1.66	-0.31	1.74	-0.70	0.98
Gross Margin	12.68%	8.48%	12.52%	17.31%	20.61%
Operating Margin	10.51%	6.33%	10.29%	14.17%	16.53%
Profit Margin	7.24%	2.56%	7.04%	6.58%	0.98%
Free Cash Flow Margin	-10.33%	-2.26%	10.94%	-6.13%	8.20%
EBITDA	35.9	15.32	26.67	24.76	23.8
EBITDA Margin	11.05%	7.16%	11.01%	14.98%	17.28%
D&A For EBITDA	1.78	1.76	1.74	1.33	1.03
EBIT	34.12	13.56	24.94	23.43	22.77
EBIT Margin	10.51%	6.33%	10.29%	14.17%	16.53%
Effective Tax Rate	28.06%	39.97%	27.33%	43.26%	84.89%

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