EX-99 3 0003.txt KINARK CORPORATION AND SUBSIDIARY UNAUDITED PRO FORMA STATEMENT OF INCOME YEAR ENDED DECEMBER 31, 1999 Pro Forma Kinark Adjustments Pro Forma (Dollars in Thousands Year Ended Year Ended As Except Per Share Amounts) 12/31/99 12/31/99 Adjusted ------------------------ ---------- ----------- --------- Sales $ 45,058 $ (7,217) $ 37,841 Cost of sales 33,185 (5,918) 27,267 ------ ------ ------ Gross profit 11,873 (1,299) 10,574 Selling, general & administrative 6,459 (436) 6,023 Depreciation & amortization 3,045 (447) 2,598 ------ ------ ------ Operating income 2,369 (416) 1,953 Interest expense, net 729 --- 729 Other expense, net 208 --- 208 ------ ------ ------ Income before income taxes 1,432 (416) 1,016 Income tax expense 635 (158) 477 ------ ------ ------ Income From Continuing Operations 797 (258) 539 Income From Discontinued Operations, net of income taxes --- 258 258 ------ ------ ------ Net Income $ 797 $ --- $ 797 ====== ====== ====== Net Income Per Common Share Continuing Operations: Basic and Diluted $ .12 $ .08 Discontinued Operations: Basic and Diluted --- .04 Net Income: Basic and Diluted $ .12 $ .12 Operating and Other Data: EBITDA $ 5,206 $ (863) $ 4,343 Capital expenditures 5,511 (247) 5,264 Cash interest paid 781 --- 781