Formula Systems Income Statement

Quarterly: March 2012 - December 2009 Previous Quarters
Annual

Income	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Revenue		157.33M	161.50M	165.88M	155.92M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Cost of Revenue		123.75M	123.40M	126.02M	119.71M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Profit		33.58M	38.10M	39.86M	36.21M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Research & Development Expense		0.49M	1.44M	1.53M	1.68M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Selling, General, & Admin. Expense		22.41M	23.67M	24.99M	22.27M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Depreciation & Amortization						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Interest Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Operating Income (Expense)						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Operating Expenses		146.65M	148.51M	152.54M	143.66M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Income		10.68M	12.99M	13.34M	12.26M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Non-Operating Income		-1.58M	-1.75M	-1.64M	-1.32M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Pretax Income		13.80M	11.21M	13.33M	10.91M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Provision for Income Taxes		-0.08M	1.91M	1.68M	2.17M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income after Tax		13.88M	9.30M	11.65M	8.74M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Equity In Affiliates						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income Before Extraordinaries & Disc. Operations		4.116M	29.66M	5.012M	4.177M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Investment Gains/Losses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Income/Charges		0.43M	25.58M	0.10M	-0.24M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income from Discontinued Operations		0.00	0.00	0.00	0.00	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Income		19.20M	29.66M	5.012M	4.177M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Earnings Per Share Data	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Average Shares to compute diluted EPS		13.68	13.67	13.66	13.65	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Average Shares used to compute basic EPS		13.56	13.53	13.50	13.46	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Basic net		0.31	2.19	0.37	0.31	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Diluted net		0.30	2.16	0.35	0.30	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro