ORBITAL SCIENCES CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENTS
(Unaudited, In thousands, except share data)
| |
Quarters Ended March 31, |
| |
2008
|
2007
|
Revenues |
$ 295,964 |
$ 228,222 |
Costs of revenues |
243,542 |
188,256 |
Research and development expenses |
8,982 |
2,850 |
Selling, general and administrative expenses |
21,885 |
19,595 |
Income from operations |
21,555 |
17,521 |
|
|
|
Interest income and other |
2,386 |
3,038 |
Interest expense |
(1,045) |
(1,148) |
| Income before income taxes |
22,896 |
19,411 |
Provision for income taxes |
(9,214) |
(7,959) |
Net income |
$ 13,682 |
$ 11,452 |
|
|
|
Basic net income per share: |
$ 0.23 |
$ 0.19 |
|
|
|
Diluted net income per share: |
$ 0.23 |
$ 0.19 |
See accompanying notes to condensed consolidated financial statements.
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