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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)
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9/30/98 09/30/97
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Net income 24,765 28,281
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Plus:
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Depreciation and amortization 27,560 22,599
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Deferred taxes 7,762 10,793
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Less:
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Gain on sales of other assets (961) (3,305)
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EBDDT - Gross 59,126 58,368
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Less minority interest % of FECI
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Depreciation (9,493) (8,312)
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Deferred taxes (89) (200)
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Gain on sales of other assets 108 705
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EBDDT - Net 49,652 50,561
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Income from continuing operations
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before income taxes and minority interest 68,642 74,665
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Add back:
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Depreciation and amortization 27,560 22,599
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Interest expense 301 331
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Less:
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Gain on sales of other assets (961) (3,305)
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EBITDA - Gross 95,542 94,290
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Less minority interest % of FECI
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Income before income taxes (23,345) (21,504)
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Depreciation and amortization (9,493) (8,312)
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Interest expense (114) (152)
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Gain on sales of other assets 108 705
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EBITDA - Net 62,698 65,027
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