Income Statements
As of December 31, 2008 and 2007. Figures in thousands of U.S. dollars.
See Consolidated Statements of Income quarterly/semi-annual
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Income Statement |
As of December 31, 2008 |
As of December 31, 2007 |
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Sales |
1.774.119 |
1.187.527 |
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Cost of sales |
-1.056.254 |
-857.765 |
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Gross Margin |
717.865 |
329.762 |
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Selling and administrative expenses |
-85.709 |
-70.273 |
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Operating Income |
632.156 |
259.489 |
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Non-operating income |
40.590 |
23.736 |
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Non-operating expenses |
-41.896 |
-50.820 |
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Non-operating Income, Net |
-19.306 |
-27.084 |
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Income before income taxes |
612.850 |
232.405 |
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Income tax expense |
-107.951 |
-48.592 |
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Income before minority interest |
504.899 |
180.021 |
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Minority interest |
-3.492 |
-3.792 |
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Net income before negative goodwill |
501.407 |
180.021 |
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Amortization of negative goodwill |
0 |
0 |
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NET INCOME |
501.407 |
180.021 |
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