Ituran Location and Control Ltd.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 170,167 150,318 160,167 147,825
Cost of Revenue 80,865 74,760 79,489 75,174
Gross Profit 89,302 75,558 80,678 72,651
Operating Expenses
Research and Development 2,414 2,066 1,877 481
Sales, General and Admin. 48,958 43,545 52,218 41,502
Non-Recurring Items - - - -
Other - - - -
Operating Income 37,930 29,947 26,583 30,668
Income From Continuing Operations
Add'l Income/Expense Items 72 7,742 1,281 (14,606)
Earnings Before Interest and Tax 38,002 37,689 27,864 16,062
Interest Expense - - - -
Earnings Before Tax 38,002 37,689 27,864 16,062
Income Tax 12,447 11,690 5,655 6,286
Minority Interest 1,792 1,080 908 1,071
Equity Earnings Unconsolidated Subsidiary (1) (39) (23) (3)
Net Income Cont. Operations 23,762 24,880 21,278 8,702
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 23,762 24,880 21,278 8,702
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 23,762 24,880 21,278 8,702