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EXHIBIT 99.01
THE ST JOE COMPANY
SUPPLEMENTAL CALCULATION OF SELECTED CONSOLIDATED FINANCIAL DATA
EXHIBIT 99.01
(DOLLARS IN THOUSANDS)
THE FOLLOWING TABLE CALCULATES EBITDA (GROSS AND NET):
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<CAPTION>
Three Three Nine Nine
Months Months Months Months
Ended Ended Ended Ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2000 1999 2000 2000
-------- -------- --------- ---------
<S> <C> <C> <C> <C>
Income from continuing and discontinued operations before
income taxes and minority interest $ 39,360 $ 35,987 $ 114,650 $ 83,151
Additions:
Depreciation and amortization 18,659 13,129 47,095 35,234
Interest expense 4,026 464 9,280 1,765
Impairment losses 5,183 5,183
Spin-off costs 57 -- 68
Deductions:
Gain on sales of nonoperating assets (1,300) (8,853) (1,826) (9,112)
======== ======== ========= =========
EBITDA, Gross 60,802 45,910 169,267 116,221
Less minority interest percentages:
Income before income taxes (2,685) (6,464) (15,436) (20,912)
Depreciation and amortization (5,888) (4,073) (14,278) (11,000)
Interest expense (498) (55) (1,000) (120)
Gain on sales of nonoperating assets 600 51 838 (317)
======== ======== ========= =========
EBITDA, Net $ 52,331 $ 35,369 $ 139,392 $ 83,872
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