AMPAL-AMERICAN ISRAEL CORP (AMPL) [Rocket]

In millions, except per share items	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total interest income	3.5	0.9	3.6	4.5	4.0			0.6
Total interest expense	43.9	44.2	33.2			4.3	4.4	4.9
Net interest income	43.9	44.2	33.2	4.5	4.0	4.3	4.4	5.5
Gain on sale of investments, net	101.2	0.9	0.9
Total non-interest income	101.2	0.9	0.9
Equity in earnings	0.0	0.9	1.2	-1.4	-1.5	1.6	6.7
Pre-tax income before non-recurring items	-135.1	-78.3	-30.5	-20.5	-17.6	-3.4	-13.5	-32.7
Non-recurring items	0.2	0.0	-0.2
Pre-tax income	-135.3	-78.3	-30.3	-20.5	-17.6	-3.4	-13.5	-32.7
Income taxes	-15.8	7.1	-10.4	-6.0	0.0	-5.9	-10.6	-22.5
Tax rate	11.6%		34.3%	29.4%	0.0%	176.8%	78.4%	68.8%
Minority interest	21.7	6.6	0.4	-1.4				-4.1
Earnings from continuing ops	-172.8	-77.9	-20.3			0.0	0.0	-18.4
Earnings from discontinued ops	34.1	19.9				0.0
Net income	-138.8	-58.0	-20.3	0.0	0.0	0.0	0.0	-18.4
Net margin	-24.1%	-11.5%	-4.7%	0.0%	0.0%	0.0%	0.0%	-58.4%

Basic EPS	($2.10)	($1.07)	($0.35)
Diluted EPS	($2.10)	($1.07)	($0.35)

Shares outstanding (basic)	82.1	72.4	58.1
Shares outstanding (diluted)	82.1	72.4	58.1

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.