Dycom Industries, Inc. and Subsidiaries D YCOM’S NATIONWIDE PRESENCE 2004 $872,716 58,633 1.20 48,820 651,835 30,396 518,961 7,769 Total revenues Net income (loss) Earnings (loss) per share – diluted Weighted average number of shares and potential shares outstanding Total assets Long-term obligations Stockholders’ equity Number of employees 2003 $618,183 17,149 0.36 47,887 536,543 15,470 450,340 5,259 2002 $624,021 (123,027) (2.73) 45,049 514,553 12,705 431,297 5,700 2001 $826,746 61,410 1.44 42,770 575,696 21,867 468,881 6,700 2000 $806,270 65,032 1.54 42,315 514,000 21,263 377,978 7,260 FINANCIAL HIGHLIGHTS (In thousands, except per share and employee amounts)