Terra Industries Inc.

(NYSE:TRA)
  Jun 30, 2008 Mar 31, 2008 Dec 31, 2007 Sep 30, 2007
Operating revenue
Total Revenue 843,097 574,704 570,250 593,715
Operating Revenue 836,924 573,202 570,250 593,715
Adjustments To Revenue — — — —
Cost Of Sales 525,342 385,198 399,820 414,012
Cost Of Sales With Depreciation 547,070 406,989 419,878 442,879
Gross Operating Profit 311,582 188,004 170,430 179,703
Operating Expenses
Research And Development Expenses — — — —
Selling General And Administrative Expenses 27,233 12,704 24,785 21,935
Advertising Expenses — — — —
Operating Income Before Depreciation 284,349 175,300 145,645 157,768
Operating Income 285,312 168,301 131,417 95,503
Depreciation 21,728 21,791 20,058 28,867
Depreciation Unreconciled — — — —
Amortization — — — —
Amortization Of Intangibles — — — —
Operating Income After Depreciation 262,621 153,509 125,587 128,901
Non Operating Expenses
Interest Expense 6,756 7,058 6,415 6,905
Pre Tax Income 321,680 178,935 126,266 95,509
Income Taxes 107,069 59,504 40,053 29,985
Minority Interest 18,495 18,126 16,561 11,144
Income Before Income Taxes 284,069 169,651 128,984 95,509
Net Income From Continuing Operations 196,116 101,305 69,652 54,380
Net Income From Discontinued Operations 7,319 152 — —
Net Income From Total Operations 203,435 101,457 69,652 54,380
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 203,435 101,457 69,652 54,380
Normalized Income 196,116 101,305 69,652 93,344
NetIncome Available For Common 194,841 100,030 68,377 53,105
Preferred Dividends 1,275 1,275 1,275 1,275
Excise Taxes — — — —