Copyright 2002-2007
Deltic Timber Corporation


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Financial Summary
(Thousands of dollars, except per share amounts)   2007 2006 2005 2004 2003
             
Results of Operations for the Year            
Net sales $ 128,255 153,112 168,350 142,017 134,915
Operating income/(loss) $   19,958   18,721   26,257   23,155   23,857
Net income/(loss) $   11,111   11,323   14,518   11,093      8,194
Comprehensive income/(loss)     14,638   11,621   14,128   11,205      8,070
Earnings per common share            
     Basic $         .89         .91        1.18          .92          .69 
     Assuming dilution $         .89         .89        1.17          .91          .69 
Cash dividends declared per common share $         .30         .30       .275         .25         .25
Net cash provided/(required) by            
     Operating activities $
  28,243
  39,148
  43,125
  42,147
  44,209
     Investing activities $
(21,023)
(24,234)
(29,015)
(15,723)
(39,302)
     Financing activities $
  (7,906)
  (5,192)
(13,332)
(27,252)
  (4,277)
Percentage return on            
     Average stockholders' equity           5.2         5.5         7.6         6.3         5.0
     Average borrowed and invested capital           5.7         5.6         7.4         6.2         5.3
     Average total assets           3.4         3.5         4.6         3.6         2.6
             
Capital Expenditures for the Year            
Woodlands $   4,978     3,333     7,062     6,686   12,408
Mills     5,345     8,763   10,732     4,797      3,405
Real Estate   10,171   15,612   15,379   12,519   11,198
Corporate        74       59       74       165       211
Discontinued agricultural operations            -          -          -          -          -
  $ 20,568   27,767   33,247   24,167   27,222
             
Financial Condition at Year-end            
Working capital $   7,285   12,710   7,027   6,481   7,501
Current ratio   1.46 to 1 2.15 to 1 1.57 to 1 1.73 to 1 2.08 to 1
Total assets $ 328,744 316,327 316,327 307,580 313,350
Long-term debt $   66,667   70,000   74,500   85,724 115,056
Redeemable preferred stock $             -             -             -             -             -
Stockholders' equity $ 218,086 207,481 198,244 184,091 169,470
Long-term debt to stockholders' equity ratio $ .306 to 1 .337 to 1 .376 to 1 .466 to 1 .679 to 1