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LICT Corporation Reports Preliminary Fourth Quarter and Full Year 2018 Results and Gary L. Sugarman Rejoins Board of Directors - Seite 2

Nachrichtenquelle: Business Wire (engl.)
11.02.2019, 22:35  |  296   |   |   

LICT Corporation is a holding company with subsidiaries in broadband and other telecommunications services that actively seeks acquisitions, principally in its existing business areas.

LICT Corporation is listed on the OTC Pink under the symbol LICT. For further information visit our website at http://www.lictcorp.com.

Release 19-2

     

LICT CORPORATION

Exhibit A
Statements of Operations and Selected Balance Sheet Data Page 1 of 2
(In Thousands, Except Per Share Data)  
 
STATEMENTS OF OPERATIONS
Three Months Ended Twelve Months Ended
December 31, December 31,
2018   2017 2018   2017
 
Revenues $28,841 $27,466 $115,818 $106,730
 
Cost and Expenses:
Cost of revenue, excluding depreciation 12,213 12,403 48480 48,084
Selling, general and administration 2,881 2,704 11,596 11,438
Corporate Office Expenses 921 1,065 4,006 3,992
Depreciation and amortization 5,083   4,679 19,746   17,880
Total Costs and Expenses 21,098   20,851 83,828   81,394
 
Operating profit 7,743 6,615 31,990 25,336
 
Other Income (Expense)
Investment income 65 49 612 423
Interest expense (466) (477) (1,742) (2,123)
Equity in earnings of affiliated companies 779 570 2,691 2,320
Other (855)   (23) 1,199   (1,150)
(477)   119 2,760   (530)
 
Income Before Income Tax Provision 7,266 6,734 34,750 24,806
(Provision) Benefit for Income Taxes (1,880)   4,716 (9,164)   (2,417)
Net Income $5,386   $11,450 $25,586   $22,389
 
Capital Expenditures $7,581 $8,068 $22,936 $22,273
 
Weighted Average Shares:
Basic 19,993.89 20,663.54 20,232.46 20,982.19
Diluted 20,028.89 20,995.32 20,268.55 21,046.23
Actual shares outstanding at end of period 19,931.23 20,509.37 19,931.23 20,509.37
 
Earnings Per Share:
Basic Net Income $269.38 $554.12 $1,264.60 $1,067.05
Dilutive Earnings Per Share $268.91 $553.27 $1,262.35 $1,063.80
 
Dilutive Earnings Per Share by Component:
On-going operations $313.00 $209.96 $1,142.56 $761.37
Out of period items -- -- 89.40 --
Charitable contributions (44.09) -- (89.94) (35.16)
Gain on sale of assets in a minority position -- -- 120.33 --
Deferred tax adjustment due to federal rate change --   343.31 --   337.59
Reported $268.91   $553.27 $1,262.35   $1,063.80
 
See EBITDA on page 2
 
   

LICT Corporation

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