EX-99.01 5 g67445ex99-01.txt SUPPLEMENTAL CALCULATION 1 EXHIBIT 99.01 THE ST. JOE COMPANY SUPPLEMENTAL CALCULATION OF SELECTED CONSOLIDATED FINANCIAL DATA The following table calculates EBITDA (Gross) and EBITDA (Net) as set forth in Note (6) to Item 6. Selected Consolidated Financial Data.
2000 1999 1998 1997 1996 -------- -------- -------- -------- -------- ($ IN THOUSANDS) Income from continuing and discontinued operations before income taxes and minority interest.......................... $166,920 $129,574 $ 85,834 $ 94,374 $181,715 Depreciation and amortization..... 51,783 49,706 40,340 30,233 28,758 Interest expense.................. 13,821 3,325 804 389 600 Gain on sales of other assets..... (1,676) (14,623) (788) (4,417) (3,423) Impairment losses and other one-time charges............... 4,245 18,951 10,238 Condemnation sales................ (97,391) -------- -------- -------- -------- -------- EBITDA -- Gross..................... 235,093 186,933 136,428 120,578 110,259 -------- -------- -------- -------- -------- Less minority interest % of Income before income taxes............... (15,774) (30,778) (31,261) (28,960) (22,134) Depreciation and amortization..... (13,297) (15,114) (13,225) (10,194) (10,813) Interest expense.................. (1,026) (174) (163) (179) (276) Gain on sales of other assets..... 858 5 181 795 1,346 Impairment losses and other one-time charges............... (2,455) (5,886) -------- -------- -------- -------- -------- EBITDA -- Net....................... $203,399 $134,986 $ 91,960 $ 82,040 $ 78,382 ======== ======== ======== ======== ========