ITXN Financials 07/16/2014 11:59:25 International

ITXN Financials 07/16/2014 11:59:25
International Textile Group, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 624,212 619,075 644,166 616,130
Cost of Revenue 549,911 560,824 593,684 568,098
Gross Profit 74,301 58,251 50,482 48,032
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 40,754 36,585 40,033 44,987
Non-Recurring Items 2,172 834 784 124
Other - - - -
Operating Income 31,375 20,832 9,665 2,921
Income From Continuing Operations
Add'l Income/Expense Items (9,487) (6,243) (6,038) (2,929)
Earnings Before Interest and Tax 21,888 14,589 3,627 (
Interest Expense 30,867 41,680 48,414 43,173
Earnings Before Tax (8,979) (27,091) (44,787) (43,181)
Income Tax (10,375) 4,060 4,056 3,025
Minority Interest - (2,666) (10,503) (8,722)
Equity Earnings Unconsolidated Subsidiary 124 (595) (40) (92)
Net Income Cont. Operations 1,520 (31,746) (48,883) (46,298)
Non Recurring Events
Discontinued Operations 21,771 (35,593) (20,760) (6)
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 23,291 (64,673) (59,140) (37,582)
Preferred Stock and Other Adjustments (34,202) (26,778) (21,035) (19,509)
Net Income Applicable to Common Shareholders (10,911) (91,451) (80,175) (57,091)