Hoffe die Zahlen werden nicht wieder durcheinander geschmissen! Lifeway Foods, Inc.
Condensed Statement of Income
Twelve Months Ended
Dec. 31, 2003 Dec. 31, 2002
Sales $14,877,788 $12,212,236
Cost of Goods Sold 7,840,782 6,744,086
Gross Profit 7,037,006 5,468,150
Operating Expenses 3,558,362 2,890,504
Income from Operations 3,478,644 2,577,646
Income before taxes 3,576,487 2,472,022
Income taxes 1,354,548 943,338
Net income 2,221,939 1,528,684
Earnings Per Share $.26 $.18
Wtg. Ave. Shares 8,436,888 8,531,522
Assets 2003 2002
Current Assets
Cash and cash equivalents $4,597,819 $2,731,656
Marketable securities 6,302,606 4,171,594
Accounts receivable, net 1,800,141 1,435,221
Inventories 811,572 720,503
Total current assets 14,011,905 9,812,763
Property and equipment, net 3,732,731 4,472,349
Total assets $17,744,636 $14,285,112
Liabilities and Stockholders'
Equity 2003 2002
Total Current Liabilities $1,007,210 $1,251,961
Notes Payable 472,509 500,377
Deferred Income Taxes 471,953 452,856
Stockholders' Equity
Common stock 6,509,267 6,509,267
Treasury stock, at cost (679,956) (679,956)
Retained Earnings 9,822,416 7,600,477
Accumulated other comprehensive
income (loss), net of tax 156,237 (1,334,870)
Total stockholders' equity 15,792,964 12,079,918
Total liabilities and stockholders'
equity $17,744,636 $14,285,112
SOURCE Lifeway Foods, Inc.
CONTACT: Julie Smolyansky, President of Lifeway Foods, Inc.,
+1-847-967-1010, info@lifeway.net
URL: http://www.lifeway.net
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