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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 (9) to Item 6. Selected Consolidated Financial Data.
1998 1997 1996 1995 1994
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Income from continuing and discontinued
operations before income taxes and
minority interest 85,834 94,374 181,715 136,664 91,873
Add back:
Depreciation and amortization 40,340 30,233 28,758 28,551 27,612
Interest expense 804 389 600 2,235 1,982
Less:
Gain on sales of other assets (788) (4,417) (3,423) (2,674) (13,895)
Impairment losses 10,238
Condemnation sales (97,391)
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EBITDA - Gross 136,428 120,578 110,259 164,776 107,572
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Less minority interest % of FECI
Income before income taxes (31,261) (28,911) (22,134) (19,574) (25,609)
Depreciation and amortization (13,225) (10,243) (10,813) (10,254) (10,004)
Interest expense (163) (179) (276) (1,028) (912)
Gain on sales of other assets 181 795 1,346 589 1,857
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EBITDA - Net 91,960 81,149 78,382 134,508 72,905
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