EX-99.1 3 exh991form8-k040505table.txt EXH991FORM8-KLIC040505TABLE Lynch Interactive Corporation Attachment B Statements of Operations and Selected Balance Sheet Data Unaudited (In Thousands, Except Per Share Data) STATEMENTS OF OPERATIONS

Three Months Ended Percent Twelve Months Ended Percent December 31, Increase December 31, Increase -------------------- ------------------- 2004 2003 (Decrease) 2004 2003 (Decrease) --------------------------------- --------------------------------- Revenues ...................................... $22,387 $21,864 2.4% $87,794 $85,392 2.8% Cost and Expenses: Cost of revenues .............................. 8,654 8,418 29,992 29,460 General and administrative costs at operations 3,008 2,538 13,800 12,693 Corporate office expense ...................... 1,697 1,866 6,401 4,529 Depreciation and amortization ................. 6,499 5,460 21,870 20,282 --------------- ------------------ Operating profit, in accordance with generally accepted accounting principles ............... 2,529 3,582 (29.4%) 15,731 18,428 (14.6%)

Other Income(Expense) Investment income 576 381 1,289 1,120 Interest expense (2,687) (2,844) (11,204) (11,864) Equity in earnings of affiliated companies 915 687 3,564 2,280 Gain on sale of investment in Sunshine PCS 0 3,919 185 3,919 -------------- ------------------ (1,196) (2,143) (6,166) (4,545)

Income (Loss) Before Income Taxes Minority Interests ............................... 1,333 5,725 9,565 13,883 (Provision) Benefit For Income Taxes ..... 47 (1,859) (3,078) (4,968) Minority Interests ....................... (443) (477) (2,021) (1,525) --------------------- -------------------- Net Income (Loss) ........................ $ 937 $3,389 $ 4,466 $ 7,390 ===================== ====================

Weighted Average Shares Used In Earnings Per Share Computations 2,760 2,782 2,769 2,786 Basic and Diluted Earnings Per Share $0.33 $1.22 $1.61 $2.65

Earnings Before Interest,Taxes, Depreciation, and Amortization - see Attachment A

Operating Subsidiaries 10,725 10,908 (1.7%) 44,002 43,239 1.8% Corporate Office Expense: Qui-tam Expense (1,048) (24) (3,200) (24) Bonus Accrual 0 (1,100) 0 (1,600) Other (649) (742) (3,201) (2,905) ------------------- ---------------------- Total EBITDA 9,028 9,042 (0.2%) 37,601 38,710 (2.9%) Depreciation and amortization (6,499) (5,460) (21,870) (20,282) ------------------- ---------------------- Operating profit, in accordance with generally accepted accounting principles $2,529 $3,582 $15,731 $18,428 ==================== ===================== Capital Expenditures $6,102 $8,039 $16,468 $22,740

SELECTED BALANCE SHEET DATA

Dec. 31, Dec. 31, 2004 2003 --------------------- Cash and Cash Equivalents $27,214 $26,556 Long-Term Debt 168,966 175,783 Minority Interests 11,543 9,763 Shareholders' Equity 34,572 29,887 Shares Outstanding at Date 2,758 2,780