Financials Consolidated Statements of Operations Three Months Ended July 31, Three Months Ended July 31, Three Months Ended July 31, Three Months Ended July 31, Three Months Ended July 31, Six Months Ended July 31, Six Months Ended July 31, Six Months Ended July 31, Six Months Ended July 31, Six Months Ended July 31, 2013 2013 2012 2012 2013 2013 2012 2012 Net revenues Power industry services $ 55,520,000 $ 78,109,000 $ 99,289,000 $ 135,837,000 Telecommunications infrastructure services 2,344,000 4,510,000 5,223,000 10,472,000 Net revenues 57,864,000 82,619,000 104,512,000 146,309,000 Cost of revenues Power industry services 34,804,000 66,182,000 66,050,000 115,166,000 Telecommunications infrastructure services 1,803,000 3,558,000 4,177,000 8,163,000 Cost of revenues 36,607,000 69,740,000 70,227,000 123,329,000 Gross profit 21,257,000 12,879,000 34,285,000 22,980,000 Selling, general and administrative expenses 1,601,000 3,297,000 5,044,000 6,325,000 Income from operations 19,656,000 9,582,000 29,241,000 16,655,000 Gains on the deconsolidation of VIEs 1,324,000 -- 2,444,000 -- Other income (expense), net 410,000 (10,000 ) 566,000 (19,000 ) Income from continuing operations before income taxes 21,390,000 9,572,000 32,251,000 16,636,000 Income tax expense 7,467,000 3,591,000 11,388,000 6,108,000 Income from continuing operations 13,923,000 5,981,000 20,863,000 10,528,000 Discontinued operations Loss on discontinued operations before income taxes -- -- -- (405,000 ) Income tax benefit -- -- -- 120,000 Loss on discontinued operations -- -- -- (285,000 ) Net income 13,923,000 5,981,000 20,863,000 10,243,000 Income (loss) attributable to noncontrolling interests 1,300,000 (220,000 ) 1,830,000 (396,000 ) Net income attributable to the stockholders of Argan $ 12,623,000 $ 6,201,000 $ 19,033,000 $ 10,639,000 |