
Linn Energy Is a Buy


| Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
| Sales | 2.92B | 2.75B | 2.59B | 2.52B |
| Cost of Sales | 1.55B | 1.46B | 1.36B | 1.33B |
| Gross Operating Profit | 1.38B | 1.29B | 1.23B | 1.19B |
| Selling, General, and Administrative Expenses | 746.30M | 721.90M | 712.81M | 708.10M |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income before D & A (EBITDA) | 630.10M | 569.70M | 516.52M | 478.24M |
| Depreciation & Amortization | 85.00M | 77.10M | 71.57M | 85.35M |
| Interest Income | 1.70M | 1.90M | 597.00K | 0.00 |
| Other Income - Net | 800.00K | -1.20M | -4.55M | 22.86M |
| Special Income / Charges | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Income Before Interest Expenses (EBIT) | 556.50M | 503.30M | 446.03M | 427.80M |
| Interest Expense | 14.00M | 8.70M | 27.78M | 35.57M |
| Pre-Tax Income | 542.50M | 494.60M | 418.26M | 392.24M |
| Income Taxes | 192.70M | 185.00M | 147.56M | 148.72M |
| Minority Interest | 0.00 | 0.00 | -23.00K | -12.00K |
| Net Income From Continuing Operations | 349.80M | 309.60M | 270.69M | 0.00 |
| Net Income From Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Total Operations | 349.80M | 309.60M | 270.69M | 0.00 |
| Extraordinary Income/Losses | 0.00 | 0.00 | 0.00 | 0.00 |
| Income From Cum. Effect of Acct. Change | 0.00 | 0.00 | 0.00 | 0.00 |
| Income From Tax Loss Carryforward | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Gains / Losses | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Net Income | 349.80M | 309.60M | 270.72M | 243.53M |
| Normalized Income (Net Income From Continuing Operations, Ex. Special Income / Charge) |
349.80M | 309.60M | 270.69M | 0.00 |
| Preferred Dividends | ||||
|---|---|---|---|---|
| Net Income Available To Common | 349.80M | 309.60M | 270.69M | 0.00 |
| Basic EPS from Continuing Ops. | 2.50 | 2.16 | 1.91 | 1.73 |
| Basic EPS from Discontinued Ops. | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Total Operations | 2.50 | 2.16 | 1.91 | 1.73 |
| Basic EPS from Extraordinary Inc. | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Cum Effect of Accounting Change | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Tax Loss Carryf'd. | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Other Gains (Losses) | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS, Total | 2.50 | 2.16 | 1.91 | 1.73 |
| Basic Normalized Net Income/Share | 2.50 | 2.16 | 1.91 | n.a. |
| EPS fr Continuing Ops. | 2.45 | 2.12 | 1.88 | 1.71 |
| EPS fr Discontinued Ops | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS fr Total Ops. | 2.45 | 2.12 | 1.88 | 1.71 |
| EPS fr Extraord. Inc. | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS fr Cum Effect of Accounting Change | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS fr Tax Loss Carfd. | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS fr Other Gains (L) | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS, Total | 2.45 | 2.12 | 1.88 | 1.71 |
| Diluted Normalized Net Inc/Shr (Net Income From Continuing Operations, Ex. Special Income / Charge) |
2.45 | 2.12 | 1.88 | n.a. |
| Dividends Paid per Share | 0.96 | 0.60 | 0.31 | 0.23 |