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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 14, 2005
XANSER CORPORATION
(Exact name of registrant as specified in charter)
Delaware 001-05083 74-1191271
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
2435 North Central Expressway
Richardson, Texas 75080
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (972) 699-4000
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Item 7. Financial Statements and Exhibits.
99.1 Press Release dated November 14, 2005, reporting financial results for
the three and nine months ended September 30, 2005.
Item 12. Results of Operations and Financial Condition and Exhibit
A press release issued by Xanser Corporation on November 14, 2005 regarding
financial results for the three and nine months ended September 30, 2005 is
attached hereto as Exhibit 99.1, and excluding the final paragraph thereof, is
incorporated herein by reference. This information is not deemed to be "filed"
for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not
incorporated by reference into any Securities Act registration statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
XANSER CORPORATION
Dated November 14, 2005 //s/ HOWARD C. WADSWORTH
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Howard C. Wadsworth
Sr. Vice President, Treasurer and Secretary
Exhibit 99.1
XANSER CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
(Unaudited)
Three Months Nine Months
Ended September 30, Ended September 30,
---------------------- ----------------------
2005 2004 2005 2004
--------- --------- --------- ---------
Revenues:
Services $ 39,883 $ 35,385 $ 113,116 $ 101,541
Products 518 379 5,925 2,043
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Total revenues 40,401 35,764 119,041 103,584
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Costs and expenses:
Operating costs 37,474 32,634 109,490 94,208
Cost of products sold 526 294 6,369 1,219
Depreciation and amortization 900 842 2,729 2,612
General and administrative 891 733 2,327 2,277
Other (769) -- (769) --
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Total costs and expenses 39,022 34,503 120,146 100,316
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Operating income (loss) 1,379 1,261 (1,105) 3,268
Interest and other income, net 213 32 487 97
Interest expense (256) (266) (792) (743)
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Income (loss) before income taxes 1,336 1,027 (1,410) 2,622
Income tax expense (1,295) (822) (2,557) (1,438)
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Net income (loss) $ 41 $ 205 $ (3,967) $ 1,184
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Earnings (loss) per common share - Basic and Diluted $ - $ 0.01 $ (0.12) $ 0.04
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XANSER CORPORATION
SUPPLEMENTAL INFORMATION
(In thousands)
(Unaudited)
Three Months Nine Months
Ended September 30, Ended September 30,
---------------------- ----------------------
2005 2004 2005 2004
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Revenues:
Technical services $ 35,403 $ 29,781 $ 100,911 $ 86,521
Information technology services 4,998 5,983 18,130 17,063
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$ 40,401 $ 35,764 $ 119,041 $ 103,584
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Operating income (loss):
Technical services $ 3,542 $ 2,584 $ 7,986 $ 5,839
Information technology services (1,272) (590) (6,764) (294)
General and administrative expenses (891) (733) (2,327) (2,277)
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$ 1,379 $ 1,261 $ (1,105) $ 3,268
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