
Linn Energy Is a Buy


| Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
| Sales | 2.51B | 2.43B | 3.42B | 3.58B |
| Cost of Sales | 1.87B | 1.79B | 2.61B | 2.71B |
| Gross Operating Profit | 635.43M | 637.56M | 805.65M | 868.17M |
| Selling, General, and Administrative Expenses | 287.81M | 338.10M | 416.61M | 452.71M |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income before D & A (EBITDA) | 347.62M | 299.46M | 389.05M | 415.46M |
| Depreciation & Amortization | 158.42M | 145.30M | 182.17M | 206.07M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Income - Net | -41.60M | -2.72M | 17.50M | -9.66M |
| Special Income / Charges | -21.10M | -12.88M | -69.48M | -82.13M |
| Total Income Before Interest Expenses (EBIT) | 85.48M | 138.55M | 154.90M | 106.58M |
| Interest Expense | 98.60M | 114.11M | 137.23M | 126.71M |
| Pre-Tax Income | -13.12M | 24.44M | 17.67M | -20.13M |
| Income Taxes | -21.08M | 6.53M | 22.00M | -23.65M |
| Minority Interest | 2.38M | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing Operations | 7.96M | 17.91M | -4.32M | 3.52M |
| Net Income From Discontinued Operations | 1.51M | -8.04M | 0.00 | 1.55M |
| Net Income From Total Operations | 9.47M | 9.88M | -4.32M | 5.06M |
| 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 | 7.08M | 9.88M | -4.32M | 5.06M |
| Normalized Income (Net Income From Continuing Operations, Ex. Special Income / Charge) |
70.09M | 30.80M | 65.15M | 96.67M |
| Preferred Dividends | ||||
|---|---|---|---|---|
| Net Income Available To Common | 7.96M | 17.91M | -4.32M | 3.52M |
| Basic EPS from Continuing Ops. | 0.02 | 0.04 | -0.01 | 0.01 |
| Basic EPS from Discontinued Ops. | 0.00 | -0.02 | 0.00 | 0.00 |
| Basic EPS from Total Operations | 0.02 | 0.02 | -0.01 | 0.01 |
| 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 | 0.02 | 0.02 | -0.01 | 0.01 |
| Basic Normalized Net Income/Share | 0.18 | 0.07 | 0.15 | 0.27 |
| EPS fr Continuing Ops. | 0.02 | 0.04 | -0.01 | 0.01 |
| EPS fr Discontinued Ops | 0.00 | -0.02 | 0.00 | 0.00 |
| EPS fr Total Ops. | 0.02 | 0.02 | -0.01 | 0.01 |
| 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 | 0.02 | 0.02 | -0.01 | 0.01 |
| Diluted Normalized Net Inc/Shr (Net Income From Continuing Operations, Ex. Special Income / Charge) |
0.18 | 0.07 | 0.15 | 0.27 |
| Dividends Paid per Share | 0.10 | 0.08 | 0.07 | 0.06 |