1
EXHIBIT 99.01
The St Joe Company
Supplemental Calculation of Selected Consolidated Financial data
(Dollars in thousands)
The following table calculates EBDDT (Gross), EBDDT (Net) and EBITDA (Gross) and
EBITDA (Net)
06/30/98 06/30/97
-------- --------
Net income 15,530 19,224
- ---------- -------- --------
Plus:
- -----
Depreciation and amortization 17,476 14,689
- ----------------------------- -------- --------
Deferred taxes 5,717 7,095
- -------------- -------- --------
Less:
- -----
Gain on sales of other assets (532) (3,098)
- ----------------------------- -------- --------
EBDDT - Gross 38,191 37,910
- ------------- -------- --------
Less minority interest % of FECI
- -------------------------------- -------- --------
Depreciation (6,191) (5,464)
- ------------ -------- --------
Deferred taxes (278) (70)
- -------------- -------- --------
Gain on sales of other assets 219 612
- ----------------------------- -------- --------
EBDDT - Net 31,941 32,988
- ----------- -------- --------
Income from continuing operations
- --------------------------------- -------- --------
before income taxes and minority interest 43,177 48,670
- ----------------------------------------- -------- --------
Add back:
- ---------
Depreciation and amortization 17,476 14,689
- ----------------------------- -------- --------
Interest expense 143 241
- ---------------- -------- --------
Less:
- -----
Gain on sales of other assets (532) (3,098)
- ----------------------------- -------- --------
EBITDA - Gross 60,264 60,502
- -------------- -------- --------
Less minority interest % of FECI
- -------------------------------- -------- --------
Income before income taxes (14,155) (12,671)
- -------------------------- -------- --------
Depreciation and amortization (6,191) (5,464)
- ----------------------------- -------- --------
Interest expense (66) (111)
- ---------------- -------- --------
Gain on sales of other assets 219 612
- ----------------------------- -------- --------
EBITDA - Net 40,071 42,868
- ------------ -------- --------