Selected Financial Data The following selected financial data has been derived from audited financial statements and should be read in conjunction with the  consolidated financial statements, the related notes thereto and the report of independent public accountants thereon, included elsewhere in  this annual report and in previously filed annual reports on Form 10-K of EMCOR. (In thousands, except per share data) Years Ended December 31, 2000 1999 1998 1997 1996 Income Statement Data Revenues $ 3,460,204 $ 2,893,962 $ 2,210,374 $ 1,950,868 $ 1,669,274 Gross profit 357,817 295,907 223,287 182,183 160,788 Operating income 78,925 58,091 37,224 27,414 17,114 Income before extraordinary items 40,089 27,821 17,092 8,581 9,437 Extraordinary items – loss on early extinguishment  of debt, net of income taxes – – (4,777) (1,004) – Net income $ 40,089 $ 27,821 $ 12,315 $ 7,577 $ 9,437 Basic earnings per share: (a)  Income before extraordinary items $ 3.84 $ 2.86 $ 1.67 $ 0.90 $ 1.00 Extraordinary items – loss on early extinguishment  of debt, net of income taxes – – (0.47) (0.11) – Basic earnings per share $ 3.84 $ 2.86 $ 1.20 $ 0.79 $ 1.00 Diluted earnings per share: (a)  Income before extraordinary items $ 2.95 $ 2.21 $ 1.46 $ 0.84 $ 0.96 Extraordinary items – loss on early extinguishment  of debt, net of income taxes – – (0.35) (0.10) – Diluted earnings per share $ 2.95 $ 2.21 $ 1.11 $ 0.74 $ 0.96 (In thousands, except per share data) As of December 31, 2000 1999 1998 1997 1996 Balance Sheet Data Stockholders’ equity (b)  $ 233,503 $ 170,249 $ 119,816 $ 95,323 $ 83,883 Total assets  $ 1,261,864 $ 1,052,246 $ 801,002 $ 660,654 $ 620,700 Goodwill $ 67,625 $ 68,009 $ 22,745 $ 927 – Notes payable  – $ 1,150 $ 8,314 – – Borrowings under working capital credit lines – – – $ 9,497 $ 14,200 Other long-term debt, including current maturities $ 116,056 $ 116,534 $ 116,086 $ 62,657 $ 72,405 Capital lease obligations  $ 573 $ 554 $ 837 $ 1,482 $ 1,007 (a) Effective December 31, 1997, EMCOR adopted Statement of Financial Accounting Standards No. 128, “Earnings Per Share”. Accordingly, earnings per share information for years prior to December 31, 1997 has been restated to conform to this presentation. (b) No cash dividends on EMCOR’s common stock have been paid during the past five years. 16 EMCOR, 2000 Annual Report