Laiho Industries Income Statement (in thousands of dollars) Sales Op Costs excl. depr & amort. 2014 $455,150 386,878 $68,273 EBITDA Depreciation and amortization EBIT Interest expense EBT Taxes (40%) Net Income Common dividends 7,388 $60,884 8,575 $52,309 20,924 $31,386 $12,554 Addition to retained earnings $18,831