FORM 10-K/A GAMCO Investors, Inc. - Gabelli

GAMCO INVESTORS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
Year ended December 31,
2004 (a) 2005 (a) (b) 2006 (b)
Revenues
Investment advisory and incentive fees $ 220,561 $ 220,464 $ 227,005
Commission revenue 15,573 12,195 12,188
Distribution fees and other income 19,651 20,673 22,270
Total revenues 255,785 253,332 261,463
Expenses
Compensation costs 103,837 106,147 101,995
Management fee 11,023 11,462 13,236
Distribution costs 20,347 21,512 25,782
Other operating expenses 21,455 26,665 44,103
Total expenses 156,662 165,786 185,116
Operating income 99,123 87,546 76,347
Other Income (Expense)
Net gain from investments 5,627 10,912 41,737
Interest and dividend income 10,481 18,483 29,382
Interest expense (16,027) (13,782) (14,226)
Total other income, net 81 15,613 56,893
Income before income taxes and minority interest 99,204 103,159 133,240
Income taxes 36,118 38,685 50,848
Minority interest 495 533 10,465
Net income $ 62,591 $ 63,941 $ 71,927
Net income per share:
Basic $ 2.11 $ 2.15 $ 2.52
Diluted $ 2.06 $ 2.11 $ 2.49
Weighted average shares outstanding:
Basic 29,673 29,805 28,542
Diluted 31,804 31,155 29,525
Dividends declared $ 1.76 $ 0.09 $ 0.12
(a) Restated as described in note A in item 8 of this report on Form 10-K/A.
(b) Restated as described in the explanatory note of this report on Form 10-K/A.
See accompanying notes.
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