The First Marblehead Corporation

(NYSE:FMD)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Operating revenue
Total Revenue 6,004 — 32,519 40,933
Operating Revenue 6,004 — 31,529 40,933
Adjustments To Revenue — — — —
Cost Of Sales 92,991 — 286,002 165,523
Cost Of Sales With Depreciation 98,046 — 291,114 170,521
Gross Operating Profit -86,987 — -254,473 -124,590
Operating Expenses
Research And Development Expenses — — — —
Selling General And Administrative Expenses 39,704 — 123,547 73,693
Advertising Expenses — — — —
Operating Income Before Depreciation -126,691 — -378,020 -198,283
Operating Income — -11,621 — —
Depreciation 5,055 — 5,112 4,998
Depreciation Unreconciled — — — —
Amortization — — — —
Amortization Of Intangibles — — — —
Operating Income After Depreciation -131,746 — -383,132 -203,281
Non Operating Expenses
Interest Expense — — — —
Pre Tax Income -145,835 — -375,335 -196,503
Income Taxes -52,938 -6,095 -145,785 -78,828
Minority Interest — — — —
Income Before Income Taxes -145,835 -11,621 -375,335 -196,503
Net Income From Continuing Operations -92,897 -5,526 -229,550 -117,675
Net Income From Discontinued Operations — — — —
Net Income From Total Operations -92,897 -5,526 -229,550 -117,675
Non Recurring Events
Extraordinary Income Losses — — — —
Income From Cummulated Effect Of Accounting Changes — — — —
Income From Tax Loss Carryforward — — — —
Other Gains And Losses — — — —
Total Net Income -92,897 -5,526 -229,550 -117,675
Normalized Income -92,897 -5,526 -229,550 -117,675
NetIncome Available For Common -92,897 -5,526 -229,550 -117,675
Preferred Dividends — — — —
Excise Taxes — — — —