Consolidated Statements of Operations 24$^{The accompanying notes to consolidated financial statements are an integral part of these statements.}$ EMCOR, 2000 Annual Report (In thousands, except per share data) For the Years Ended December 31, 2000 1999 1998 Revenues $ 3,460,204 $ 2,893,962 $ 2,210,374 Cost of sales 3,102,387 2,598,055 1,987,087 Gross profit 357,817 295,907 223,287 Selling, general and administrative expenses 278,892 237,816 186,063 Operating income 78,925 58,091 37,224 Interest expense (9,705) (10,520) (11,041) Interest income 2,367 2,107 3,558 Income before income taxes and extraordinary item 71,587 49,678 29,741 Income tax provision 31,498 21,857 12,649 Income before extraordinary item 40,089 27,821 17,092 Extraordinary item - loss on early extinguishment of debt,  net of income taxes – – (4,777) Net income $ 40,089 $ 27,821 $ 12,315 Basic earnings per share: Income before extraordinary item $ 3.84 $ 2.86 $ 1.67 Extraordinary item - loss on early extinguishment of debt,  net of income taxes – – (0.47) Basic earnings per share $ 3.84 $ 2.86 $ 1.20 Diluted earnings per share: Income before extraordinary item $ 2.95 $ 2.21 $ 1.46 Extraordinary item - loss on early extinguishment of debt, net of income taxes – – (0.35) Diluted earnings per share $ 2.95 $ 2.21 $ 1.11