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SOUTHWEST ROYALTIES INC INCOME FUND V

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04
   10-K10-K10-K10-K10-K10-K10-K
Revenues  0.20.10.60.40.50.50.3
            Revenue growth  55.3%-76.1%57.6%-28.8%6.1%40.7% 
Cost of goods sold  0.00.00.00.00.00.00.0
Gross profit  0.20.10.60.40.50.50.3
            Gross margin  100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Selling, general and administrative   [+]0.10.10.10.10.10.10.1
EBITDA   [+]0.10.00.40.20.40.30.2
            EBITDA margin  35.0%-0.6%75.9%62.8%73.8%73.7%62.1%
Depreciation and amortization  0.00.00.00.00.00.00.0
EBIT   [+]0.00.00.40.20.30.30.2
            EBIT margin  18.7%-28.1%71.6%54.5%68.2%69.4%55.2%
Other income (expense), net  0.00.00.00.00.00.00.0
Pre-tax income  0.0-0.10.40.10.30.30.2
Income taxes  0.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income  0.0-0.10.40.10.30.30.2
            Net margin  -1.1%-63.0%65.4%41.9%62.7%65.7%49.3%
   
   
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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