Exhibit 13
SHEFFIELD STEEL CORPORATION AND SUBSIDIARIES
Computation of Earnings Before Interest, Taxes, Depreciation,
Amortization, and Non-cash Post-retirement Benefit Expense (EBITDA)
(In thousands)
Years Ended April 30,
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2001 2000 1999
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Net income (loss) before extraordinary item $(24,806) $ 193 $ 1,496
Interest expense 16,919 15,167 14,599
Income tax expense (benefit) 7,400 - -
Depreciation and amortization 8,446 8,343 7,726
Gain (loss) on retirement of equipment 30 124 (15)
Accrual of post-retirement benefit
expense, net of cash paid 1,052 999 1,392
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EBITDA $ 9,041 $24,826 $25,198
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Litigation Settlement - (2,379) (2,256)
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EBITDA, Net of Litigation Settlement $ 9,041 $22,447 $22,942
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* Companies with fiscal year ends beginning after March 15, 2001, who have not
yet issued financial statements for their first interim period may early adopt
Statement 142.
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