Valhi 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	607.20M	481.40M	605.20M	581.90M	472.50M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Cost of Revenue	334.00M	275.80M	371.40M	372.40M	306.80M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Profit	273.20M	205.60M	233.80M	209.50M	165.70M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Research & Development Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Selling, General, & Admin. Expense	80.60M	69.10M	69.10M	79.10M	61.30M	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)		0.10M	0.10M		-3.30M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Operating Expenses	414.60M	344.80M	440.40M	451.50M	371.40M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Income	192.60M	136.60M	164.80M	130.40M	101.10M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Non-Operating Income	-13.50M	-13.60M	-16.30M	-15.90M	-17.20M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Pretax Income	179.10M	123.00M	148.50M	114.50M	83.90M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Provision for Income Taxes	59.60M	47.20M	55.40M	41.60M	30.70M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income after Tax	119.50M	75.80M	93.10M	72.90M	53.20M	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	119.50M	75.80M	93.10M	72.90M	53.20M	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						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income from Discontinued Operations						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Income	88.90M	55.60M	71.50M	52.40M	38.00M	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	114.00	114.00	114.00	114.00	114.20	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Average Shares used to compute basic EPS	114.00	114.00	114.00	114.00	114.20	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Basic net	0.78	0.49	0.63	0.46	0.33	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Diluted net	0.78	1.33	0.125	0.125	0.33	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro