(amounts in thousands, except per share data) CACI INTERNATIONAL I NC C ONSOLIDATED S TATEMENTS OF O PERATIONS Year ended June 30, 2003 2002 2001 Revenue $ 843,138 $ 681,942 $ 557,890 Costs and expenses Direct costs 517,975 421,540 342,235 Indirect costs and selling expenses 242,153 195,167 164,620 Depreciation and amortization 12,604 12,131 8,523 Goodwill amortization -- -- 5,157 Total operating expenses 772,732 628,838 520,535 Income from operations 70,406 53,104 37,355 Interest (income) expense, net (1,374) 1,622 3,315 Income before income taxes 71,780 51,482 34,040 Income taxes 27,069 19,558 13,275 Income from continuing operations 44,711 31,924 20,765 Discontinued operations Loss from operations from discontinued Marketing Systems Group (less applicable  income tax benefit of $128 and $6) -- (209) (9) Gain (loss) on disposal of Marketing Systems  Group including provision of $284 for operating losses during phase-out period  (less applicable income tax benefit of $766 and income tax of $855) -- (1,250) 1,545 Net income $ 44,711 $ 30,465 $ 22,301 Earnings per common and common equivalent share: Average shares outstanding 28,647 24,992 22,634 Basic: Income from continuing operations $ 1.56 $ 1.28 $ 0.92 Loss from discontinued operations 0.00 (0.01) 0.00 (Loss) gain on disposal 0.00 (0.05) 0.07 Net income $ 1.56 $ 1.22 $ 0.99 Average shares and equivalent shares outstanding 29,425 25,814 23,056 Diluted: Income from continuing operations  $ 1.52 $ 1.24 $ 0.90 Loss from discontinued operations 0.00 (0.01) 0.00 (Loss) gain on disposal 0.00 (0.05) 0.07 Net income $ 1.52 $ 1.18 $ 0.97 ANNUAL REPORT 2003 14