Vertical Analysis of Income Statement The following comparative income statement (in thousands of dollars) for the two recent fiscal years was adapted from the annual report of Calvin Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways. current Year Previous Year Revenues Admissions $204,769 $203,148 215,441 193,743 Event-related revenue 154,869 NASCAR broadcasting revenue 185,426 other operating revenue 61,364 75,240 $627,000 Total revenue $667,000 Expenses and other: $114,741 Direct expense of events $116,058 113,487 NASCAR purse and sanction fees 127,397 110,979 Other direct expenses 125,396 86,526 General and administrative 94,047 Total expenses and other $462,898 $425,733 Income from continuing operations $204,102 $201,267 Hide