Maiden Holdings Ltd.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 2,110,056 1,899,765 1,640,440 1,248,045
Cost of Revenue 1,906,208 1,754,379 1,481,866 1,091,819
Gross Profit 203,848 145,386 158,574 156,226
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 58,661 53,804 53,892 42,180
Non-Recurring Items - - - -
Other 3,780 4,362 40,396 5,808
Operating Income 141,407 87,220 64,286 108,238
Income From Continuing Operations
Add'l Income/Expense Items 2,809 1,638 323 (580)
Earnings Before Interest and Tax 144,216 88,858 64,609 107,658
Interest Expense 39,497 36,384 34,155 36,466
Earnings Before Tax 104,719 52,474 30,454 71,192
Income Tax 1,863 2,213 1,927 1,330
Minority Interest 121 107 3 (4)
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 102,856 50,261 28,527 69,862
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 102,735 50,154 28,524 69,866
Preferred Stock and Other Adjustments (14,834) (3,644) - -
Net Income Applicable to Common Shareholders 87,901 46,510 28,524 69,866