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Previous: SHEFFIELD STEEL CORP, 10-K, EX-12, 2000-07-20 |
Next: SHEFFIELD STEEL CORP, 10-K, EX-27, 2000-07-20 |
<PAGE>
Exhibit 13
SHEFFIELD STEEL CORPORATION AND SUBSIDIARIES
Computation of Earnings Before Interest, Taxes, Depreciation,
Amortization, and Non-cash Post-retirement Benefit Expense (EBITDA)
(In thousands)
<TABLE>
<CAPTION>
Years Ended April 30,
-----------------------------------------------
1998 1999 2000
------- ------- -------
<S> <C> <C> <C>
Income before extraordinary item $ 1,797 $ 1,496 $ 193
Interest expense 12,300 14,599 15,167
Income tax benefit (495) - -
Depreciation and amortization 7,112 7,726 8,343
(Gain) loss on retirement of equipment 180 (15) 132
Accrual of post-retirement benefit
expense, net of cash paid 1,893 1,392 999
------- ------- -------
EBITDA $22,787 $25,198 $24,834
======= ======= =======
Litigation Settlement - (2,256) (2,379)
------- ------- -------
EBITDA , Net of Litigation Settlement $22,787 $22,942 $22,455
======= ======= =======
</TABLE>
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