| In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A | 10-K/A |
| Revenues: |
| U.S. Operating Real Estate | | 38.4 | | | | | |
| Puerto Rican Operating Real Estate | | 22.3 | | | | | |
| U.S. Land Development Operations | | 14.6 | | | | | |
| Other | | 10.0 | | | | | |
| Total revenues | 82.9 | 85.4 | 98.2 | 62.3 | 49.0 | 55.5 | 36.9 |
| Revenue growth | -2.9% | -13.0% | 57.5% | 27.1% | -11.7% | 50.4% | |
| Cost of goods sold | 58.1 | 59.9 | 64.8 | 47.2 | 37.6 | 44.8 | 28.7 |
| Gross profit | 24.8 | 25.5 | 33.4 | 15.1 | 11.4 | 10.7 | 8.2 |
| Gross margin | 29.9% | 29.9% | 34.0% | 24.3% | 23.3% | 19.3% | 22.2% |
| Selling, general and administrative | 10.0 | 9.4 | 8.4 | 4.0 | 3.3 | 2.9 | 2.0 |
| Equity in earnings | 0.7 | 2.2 | 0.7 | 1.1 | 2.7 | 1.2 | 1.2 |
| EBITDA [+] | 25.5 | 27.7 | 34.1 | 16.3 | 14.1 | 11.9 | |
| EBITDA growth | -8.1% | -18.7% | 109.2% | 15.7% | 18.3% | | |
| EBITDA margin | 30.7% | 32.5% | 34.7% | 26.1% | 28.7% | 21.4% | |
| Depreciation and amortization | 10.0 | 9.4 | 8.4 | 4.0 | 3.3 | 2.9 | |
| EBIT [+] | 15.5 | 18.3 | 25.7 | 12.2 | 10.8 | 9.0 | 7.4 |
| EBIT growth | -15.3% | -28.8% | 109.6% | 13.9% | 19.7% | 21.1% | |
| EBIT margin | 18.7% | 21.4% | 26.2% | 19.7% | 21.9% | 16.2% | 20.1% |
| Non-recurring items [+] | 7.5 | | | | | | |
| Asset impairment | 7.5 | | | | | | |
| Interest expense | 17.4 | 18.7 | 16.8 | 5.4 | 5.7 | 4.2 | 3.1 |
| Interest expense | 17.4 | 18.7 | 16.8 | 5.4 | 5.7 | 4.2 | 3.1 |
| Other income (expense), net | -1.1 | -0.4 | -1.3 | 0.0 | -0.8 | -0.9 | 0.4 |
| Pre-tax income | -10.5 | -0.8 | 7.5 | 6.9 | 4.3 | 3.9 | 4.7 |
| Income taxes | 0.9 | -0.3 | 2.9 | -0.7 | 1.5 | 1.6 | 2.3 |
| Tax rate | | 36.2% | 38.7% | | 34.6% | 40.9% | 49.5% |
| Net income | -11.4 | -0.5 | 4.6 | 7.5 | 2.8 | 2.3 | 2.4 |
| Net margin | -13.7% | -0.6% | 4.7% | 12.1% | 5.8% | 4.2% | 6.5% |
| |
| Basic EPS [+] | ($2.18) | ($0.10) | $0.88 | $1.45 | $0.55 | $0.44 | $0.46 |
| Growth | 1995.1% | -111.8% | -39.2% | 166.4% | 22.8% | -3.4% | |
| Diluted EPS [+] | ($2.18) | ($0.10) | $0.88 | $1.45 | $0.55 | $0.44 | $0.46 |
| Growth | 1995.1% | -111.8% | -39.2% | 166.4% | 23.0% | -2.7% | |
| |
| Shares outstanding (basic) [+] | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 |
| Growth | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | |
| Shares outstanding (diluted) [+] | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 |
| Growth | 0.2% | 0.1% | 0.1% | 0.1% | -0.1% | -0.7% | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |