US Ecology, Inc. (ECOL) 2005年年度报告「NASDAQ」.pdf

1、annualreport2005financial highlights(Dollars in thousands,except per share amounts)years ended December 312005 2004 2003 2002 Revenue$79,387$54,167$57,047$46,789 Income from operations 19,43213,148 9,7498,935Operating cash flow 21,23824,336 14,569 7,630Net income(loss)15,43823,410(8,592)18,771Basic

2、earnings(loss)per share.881.36(.52)1.28Working capital 32,01717,314 12,8058,087Total assets 89,46977,233 66,62687,125Long-term debt,net of current portion-0-2,734 4,200 8,344Shareholders equity 63,95951,611 36,35145,948Current ratio 3.5:1.02.3:1.0 2.1:1.01.5:1.0(current assets divided by current lia

3、bilities)Dividends per common share$.30$.25 2004income fromoperationsrevenues200520032002$20,00018,00016,00014,00012,00010,0008,0006,0004,0002,0002004200520032002$80,00070,00060,00050,00040,00030,00020,00010,000letter to shareholdersMarch 31,2006In 2005,American Ecology delivered its strongest finan

4、cial performance since becoming an independent public company twenty two years ago.Income from operations hit a record$19.4 million up 48%over 2004 and 99%higher than 2003.Revenue grew 47%to a record$79.4 million.We ended the year with a best ever working capital balance of$32 million.Our recipe for

5、 success remains straightforward.We grow by taking advantage of the operatingleverage inherent to the waste disposal business while expanding our higher margin niche services,controlling spending and maximizing operational efficiency.Waste volume,a key performance metric,increased 35%over 2004 level

6、s to nearly 800,000 tons disposed.In addition to aggressive pricing,we also offer bundled rail transportation and disposal servicesto further increase waste volumes.This innovative growth strategy,featured on our 2005 AnnualReport cover,led to the June 2005 award of a multi-year contract to transpor