Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2011 2010 $1,495.0 $1,300.0 1,159.0 1.105.0 $336.0 $195.0 36.0 $294.0 $159.0 29.0 $261.0 $130.0 52.0 $78.0 $62.0 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Earnings before interest and taxes 42.0 Less: Interest 33.0 Earnings before taxes Taxes (40%) Net income Common dividends 104.4 $156.6 $141.0