TerreStar Corp.

(NASDAQ:TSTR)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Operating revenue
Total Revenue — — — —
Operating Revenue — — — —
Adjustments To Revenue — — — —
Cost Of Sales -631 -571 -636 -508
Cost Of Sales With Depreciation — — — —
Gross Operating Profit 631 571 636 508
Operating Expenses
Research And Development Expenses 10,409 21,706 30,142 20,597
Selling General And Administrative Expenses 15,776 29,955 31,598 24,736
Advertising Expenses — — — —
Operating Income Before Depreciation -25,554 -51,090 -61,104 -44,825
Operating Income -31,786 -57,280 -67,194 -182,713
Depreciation 6,322 6,190 6,090 5,771
Depreciation Unreconciled 5,691 5,619 5,454 5,263
Amortization — — — —
Amortization Of Intangibles — — — —
Operating Income After Depreciation -31,876 -57,280 -67,194 -50,596
Non Operating Expenses
Interest Expense 12,359 13,013 10,359 8,671
Pre Tax Income -64,220 -68,884 -103,704 52,840
Income Taxes — — -754 698
Minority Interest — -2,169 -8,376 -6,585
Income Before Income Taxes -64,220 -66,715 -95,328 59,425
Net Income From Continuing Operations -64,220 -66,715 -94,574 58,727
Net Income From Discontinued Operations — — — —
Net Income From Total Operations -64,220 -66,715 -94,574 58,727
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 -64,220 -66,715 -94,574 58,727
Normalized Income -64,220 -66,715 -94,574 165,527
NetIncome Available For Common -71,219 -72,507 -101,499 51,915
Preferred Dividends 6,999 5,792 6,925 6,812
Excise Taxes — — — —