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EXHIBIT 99.01
THE ST. JOE COMPANY
SUPPLEMENTAL CALCULATION OF SELECTED CONSOLIDATED FINANCIAL DATA
The following table calculates EBITDA (Gross) and EBITDA (Net) as set forth
in Note (6) to Item 6. Selected Consolidated Financial Data.
2000 1999 1998 1997 1996
-------- -------- -------- -------- --------
($ IN THOUSANDS)
Income from continuing and
discontinued operations before
income taxes and minority
interest.......................... $166,920 $129,574 $ 85,834 $ 94,374 $181,715
Depreciation and amortization..... 51,783 49,706 40,340 30,233 28,758
Interest expense.................. 13,821 3,325 804 389 600
Gain on sales of other assets..... (1,676) (14,623) (788) (4,417) (3,423)
Impairment losses and other
one-time charges............... 4,245 18,951 10,238
Condemnation sales................ (97,391)
-------- -------- -------- -------- --------
EBITDA -- Gross..................... 235,093 186,933 136,428 120,578 110,259
-------- -------- -------- -------- --------
Less minority interest % of Income
before income taxes............... (15,774) (30,778) (31,261) (28,960) (22,134)
Depreciation and amortization..... (13,297) (15,114) (13,225) (10,194) (10,813)
Interest expense.................. (1,026) (174) (163) (179) (276)
Gain on sales of other assets..... 858 5 181 795 1,346
Impairment losses and other
one-time charges............... (2,455) (5,886)
-------- -------- -------- -------- --------
EBITDA -- Net....................... $203,399 $134,986 $ 91,960 $ 82,040 $ 78,382
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