WCH Inc
OTC:CNDL
Income Statement
Earnings Waterfall
WCH Inc
Income Statement
WCH Inc
| Sep-1996 | Dec-1996 | Mar-1997 | Jun-1997 | Sep-1997 | Dec-1997 | Mar-1998 | Jun-1998 | Sep-1998 | Dec-1998 | Mar-1999 | Jun-1999 | Sep-1999 | Dec-1999 | Mar-2000 | Jun-2000 | Sep-2000 | Dec-2000 | Mar-2001 | Jun-2001 | Sep-2001 | Dec-2001 | Mar-2002 | Jun-2002 | Sep-2002 | Dec-2002 | Mar-2003 | Jun-2003 | Sep-2003 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
4
|
7
|
10
|
12
|
15
|
17
|
19
|
19
|
19
|
19
|
17
|
16
|
13
|
10
|
7
|
5
|
5
|
8
|
|
| Revenue |
0
N/A
|
1
+75%
|
1
+71%
|
2
+100%
|
4
+63%
|
36
+812%
|
91
+156%
|
156
+71%
|
199
+27%
|
233
+17%
|
223
-4%
|
185
-17%
|
171
-8%
|
133
-22%
|
118
-11%
|
125
+6%
|
130
+4%
|
133
+2%
|
134
+1%
|
134
0%
|
163
+21%
|
160
-1%
|
159
-1%
|
303
+91%
|
272
-10%
|
268
-2%
|
266
-1%
|
120
-55%
|
122
+2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||
| Cost of Revenue |
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(34)
|
(87)
|
(147)
|
(184)
|
(213)
|
(197)
|
(151)
|
(129)
|
(84)
|
(64)
|
(66)
|
(68)
|
(68)
|
(69)
|
(70)
|
(102)
|
(104)
|
(105)
|
(252)
|
(224)
|
(225)
|
(224)
|
(78)
|
(80)
|
|
| Gross Profit |
0
N/A
|
0
+50%
|
0
N/A
|
1
+167%
|
1
+63%
|
2
+33%
|
5
+166%
|
9
+96%
|
15
+68%
|
20
+34%
|
26
+29%
|
34
+29%
|
42
+24%
|
48
+15%
|
54
+12%
|
59
+10%
|
63
+6%
|
65
+5%
|
65
0%
|
64
-2%
|
61
-5%
|
57
-7%
|
54
-5%
|
50
-6%
|
49
-3%
|
43
-11%
|
42
-3%
|
42
-1%
|
42
0%
|
|
| Operating Income | ||||||||||||||||||||||||||||||
| Operating Expenses |
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(6)
|
(9)
|
(13)
|
(20)
|
(27)
|
(33)
|
(37)
|
(40)
|
(43)
|
(42)
|
(42)
|
(42)
|
(43)
|
(43)
|
(44)
|
(46)
|
(46)
|
(49)
|
(51)
|
(53)
|
(56)
|
(57)
|
(58)
|
|
| Selling, General & Administrative |
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(7)
|
(11)
|
(16)
|
(21)
|
(25)
|
(28)
|
(30)
|
(31)
|
(31)
|
(32)
|
(31)
|
(32)
|
(32)
|
(32)
|
(34)
|
(34)
|
(39)
|
(43)
|
(47)
|
(51)
|
(52)
|
(53)
|
|
| Depreciation & Amortization |
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(4)
|
(5)
|
(6)
|
(8)
|
(8)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(10)
|
(8)
|
(6)
|
(5)
|
(5)
|
(5)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(1)
N/A
|
(2)
-33%
|
(2)
-19%
|
(2)
+5%
|
(2)
-17%
|
(2)
+17%
|
(1)
+25%
|
0
N/A
|
2
+800%
|
0
-77%
|
(1)
N/A
|
1
N/A
|
5
+355%
|
8
+65%
|
11
+33%
|
17
+51%
|
21
+24%
|
23
+12%
|
23
-1%
|
21
-9%
|
17
-20%
|
11
-33%
|
8
-31%
|
2
-78%
|
(2)
N/A
|
(10)
-318%
|
(14)
-41%
|
(15)
-9%
|
(17)
-11%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
(1)
|
(2)
|
(6)
|
(9)
|
(12)
|
(14)
|
(16)
|
(17)
|
(18)
|
(18)
|
(18)
|
(16)
|
(15)
|
(12)
|
(9)
|
(7)
|
(5)
|
(5)
|
(8)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(4)
|
(4)
|
(5)
|
(5)
|
(2)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(11)
|
(11)
|
(11)
|
(2)
|
(4)
|
(4)
|
|
| Pre-Tax Income |
(1)
N/A
|
(1)
-17%
|
(1)
N/A
|
(1)
+21%
|
(1)
-18%
|
(1)
+37%
|
0
N/A
|
1
N/A
|
3
+154%
|
(2)
N/A
|
(5)
-102%
|
(6)
-20%
|
(5)
+8%
|
(3)
+48%
|
(1)
+82%
|
2
N/A
|
3
+42%
|
6
+67%
|
5
-17%
|
3
-45%
|
(1)
N/A
|
(5)
-414%
|
(16)
-213%
|
(21)
-32%
|
(22)
-5%
|
(27)
-22%
|
(21)
+25%
|
(23)
-12%
|
(28)
-23%
|
|
| Net Income | ||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
1
|
2
|
(2)
|
(5)
|
(6)
|
(5)
|
(3)
|
(1)
|
2
|
3
|
6
|
5
|
3
|
(1)
|
(5)
|
(16)
|
(21)
|
(22)
|
(27)
|
(21)
|
(23)
|
(28)
|
|
| Net Income (Common) |
(1)
N/A
|
(1)
-17%
|
(1)
N/A
|
(1)
+21%
|
(1)
-18%
|
(2)
-59%
|
(3)
-21%
|
(3)
-8%
|
(3)
-19%
|
(13)
-295%
|
(16)
-26%
|
(17)
-9%
|
(16)
+6%
|
(11)
+34%
|
(9)
+21%
|
(6)
+34%
|
(5)
+18%
|
(2)
+49%
|
(3)
-41%
|
(5)
-64%
|
(9)
-67%
|
(13)
-46%
|
(24)
-83%
|
(29)
-22%
|
(30)
-4%
|
(36)
-18%
|
(29)
+18%
|
(33)
-11%
|
(36)
-10%
|
|
| EPS (Diluted) |
-0.23
N/A
|
-0.23
N/A
|
-0.15
+35%
|
-0.12
+20%
|
-0.15
-25%
|
-0.23
-53%
|
-0.27
-17%
|
-0.29
-7%
|
-0.35
-21%
|
-1.39
-297%
|
-1.76
-27%
|
-1.93
-10%
|
-1.82
+6%
|
-1.2
+34%
|
-0.95
+21%
|
-0.63
+34%
|
-0.52
+17%
|
-0.26
+50%
|
-0.37
-42%
|
-0.6
-62%
|
-1
-67%
|
-1.46
-46%
|
-2.68
-84%
|
-3.26
-22%
|
-3.37
-3%
|
-3.96
-18%
|
-3.25
+18%
|
-3.61
-11%
|
-3.96
-10%
|
|