Exhibit 99.1
Item 6. Selected Financial Data
The following data should be read together with the Consolidated Financial Statements and their related notes and “Management's Discussion and Analysis of Financial Condition and Results of Operations” included later in this report.
| | | Year Ended December 31, | |
| | | 2008 | | | 2007 | | | 2006 | | | 2005 | | | 2004 | |
| | | (in thousands except per share amounts) | |
| Statement of Operations: | | | | | | | | | | | | | | | |
| Total revenue | | $ | 192,827 | | | $ | 182,038 | | | $ | 164,255 | | | $ | 124,438 | | | $ | 119,060 | |
| Income (loss) from continuing operations | | $ | (17,005 | ) | | $ | 21,911 | | | $ | 17,748 | | | $ | 15,024 | | | $ | 15,941 | |
| Income (loss) from discontinued operations, net of tax | | | (1,392 | ) | | | (981 | ) | | | (7,634 | ) | | | 225 | | | | 371 | |
| Net income (loss) | | | (18,397 | ) | | | 20,930 | | | | 10,114 | | | | 15,249 | | | | 16,312 | |
| Less: Net income attributable to the noncontrolling interest | | | (6,896 | ) | | | (15,837 | ) | | | (6,708 | ) | | | (4,575 | ) | | | (3,898 | ) |
| Net income (loss) atttributable to Sanders Morris Harris Group Inc. | | $ | (25,293 | ) | | $ | 5,093 | | | $ | 3,406 | | | $ | 10,674 | | | $ | 12,414 | |
| | | | | | | | | | | | | | | | | | | | | |
| Diluted earnings (loss) per common share: | | | | | | | | | | | | | | | | | | | | |
| Continuing operations | | $ | (0.91 | ) | | $ | 0.24 | | | $ | 0.53 | | | $ | 0.54 | | | $ | 0.66 | |
| Discontinued operations | | | (0.05 | ) | | | (0.04 | ) | | | (0.37 | ) | | | 0.01 | | | | 0.02 | |
| Net earnings (loss) | | $ | (0.96 | ) | | $ | 0.20 | | | $ | 0.16 | | | $ | 0.55 | | | $ | 0.68 | |
| | | | | | | | | | | | | | | | | | | | | |
| Weighted average common shares outstanding and committed - diluted | | | 26,314 | | | | 25,086 | | | | 20,915 | | | | 19,253 | | | | 18,302 | |
| | | As of December 31, | |
| | | 2008 | | | 2007 | | | 2006 | | | 2005 | | | 2004 | |
| | | (in thousands except per share amounts) | |
| Balance Sheet Data: | | | | | | | | | | | | | | | |
| Cash and cash equivalents | | $ | 30,224 | | | $ | 46,503 | | | $ | 68,861 | | | $ | 17,867 | | | $ | 22,262 | |
| Securities | | | 54,559 | | | | 85,657 | | | | 83,929 | | | | 75,541 | | | | 59,929 | |
| Total assets | | | 297,470 | | | | 291,548 | | | | 282,042 | | | | 208,689 | | | | 172,433 | |
| Total liabilities | | | 66,111 | | | | 48,265 | | | | 49,982 | | | | 46,223 | | | | 28,419 | |
| Sanders Morris Harris Group Inc. shareholders' equity | | | 222,554 | | | | 223,178 | | | | 219,936 | | | | 154,685 | | | | 138,784 | |
| Noncontrolling interest | | | 8,805 | | | | 20,105 | | | | 12,124 | | | | 7,781 | | | | 5,230 | |
| Total equity | | | 231,359 | | | | 243,283 | | | | 232,060 | | | | 162,466 | | | | 144,014 | |
| Cash dividends declared per common share | | $ | 0.18 | | | $ | 0.18 | | | $ | 0.18 | | | $ | 0.18 | | | $ | 0.15 | |
