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This excerpt taken from the STON 8-K filed Nov 12, 2009. Net Income Net income was $2.8 million during 2007, a decrease of $0.2 million, or 8.4%, as compared to $3.0 million during 2006. The decrease was primarily attributable to the aforementioned $0.7 million increase in operating profit and the $0.8 million decrease in income tax expenses offset by the $1.6 million increase in interest expense, all of which are discussed above and approximately $0.2 million incurred in 2007 related to the refinancing of our debt. This excerpt taken from the STON 8-K filed Nov 9, 2009. Net Income Net income increased by $1.1 million, or 366.7%, to $1.4 million for the three months ended September 30, 2009 as compared to $0.3 million during the same period last year. The increase was primarily caused by the $0.8 million increase in operating profit and a $1.1 million decrease in income tax expense offset by a $0.7 increase in interest expense. The increase in interest expense was primarily caused by an increase in the total amount of debt outstanding. This excerpt taken from the STON 8-K filed Aug 10, 2009. Net Income Net income declined by $0.6 million, or 27.3%, to $1.6 million for the three months ended June 30, 2009 as compared to $2.2 million during the same period last year. The decline was primarily caused by the $1.1 million decline in operating profit offset by a $0.4 decrease in tax expense. These excerpts taken from the STON 10-K filed Mar 31, 2009. Net Income Net income was approximately $4.6 million during 2008, an increase of $1.8 million, or 64.3%, as compared to $2.8 million in 2007. The increase was primarily attributable to the aforementioned $4.7 million increase in operating profit and $0.5 million decrease in tax expenses offset by the $3.6 million increase in interest expense, all of which are discussed above.
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Table of ContentsNet Income Net income was $2.8 million during 2007, a decrease of $0.2 million, or 8.4%, as compared to $3.0 million during 2006. The decrease was primarily attributable to the aforementioned $0.7 million increase in operating profit and the $0.8 million decrease in income tax expenses offset by the $1.6 million increase in interest expense, all of which are discussed above and approximately $0.2 million incurred in 2007 related to the refinancing of our debt. Net Income Net income was approximately $4.6 million during 2008, an increase of $1.8 million, or 64.3%, as compared to $2.8 million in 2007. The increase was 58 Table of ContentsNet Income
This excerpt taken from the STON 10-Q filed Nov 10, 2008. Net Income Net income was $0.3 million during the third quarter of 2008, an increase of $0.3 million, as compared to a very small net loss during the third quarter of 2007. The increase was primarily attributable to the aforementioned $1.1 million increase in operating profit offset by the $0.9 million increase in interest expense, all of which are discussed above. This excerpt taken from the STON 8-K filed Aug 11, 2008. Net Income The reduction in net income for the quarter ended June 30, 2008, as compared to the same period last year ($2.5 million), was primarily caused by the aforementioned reduction in GAAP operating profit and an increase in interest expense of $1.1 million (50.8%). The increase in interest expense was primarily caused by an increase in average debt outstanding, the use of which was primarily the aforementioned December 2007 acquisition of 45 cemeteries and 30 funeral homes. This excerpt taken from the STON 10-Q filed Aug 11, 2008. Net Income Net income was $2.7 million during the first six months of 2008, a decrease of $1.3 million, or 33.0%, as compared to $4.0 million during the first six months of 2007. The decrease was primarily attributable to the aforementioned $2.1 million increase in interest expense, offset by the $0.9 million increase in operating profit, which are discussed above. | EXCERPTS ON THIS PAGE:
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