The St Joe Company
Supplemental Calculation of Selected Consolidated Financial Data
Exhibit 99.01
(Dollars in thousands)

The following table calculates EBITDA:

			Three Months Ended			Three Months Ended			Six Months Ended			Six Months Ended
			June 30, 2002			June 30, 2001			June 30, 2002			June 30, 2001
Income from continuing operations before income taxes and minority interest			$	20,701		$	32,087		$	137,250		$	49,698
Additions:
	Depreciation and amortization			5,301			4,804			10,250			9,537
	Interest expense			6,470			4,314			11,419			8,522
	Other			507			496			1,058			520
Deductions:
	Gain on settlement of forward sale contract			—			—			(94,698	)		—
	(Gain) loss on valuation of derivatives			1,083			(3,354	)		222			(5,051	)
		Minority interest		(349	)		502			(565	)		469
EBITDA			$	33,713		$	38,849		$	64,936		$	63,695