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OGDEN CORPORATION AND SUBSIDIARIESSELECTED FINANCIAL DATADECEMBER 31 1988 1987(*) 1986(*)(In thousands of dollars, unless per-share amounts) benefit gross sales and serverevenues $1,087,785 $ 902,565 $ 819,629INCOME (LOSS) FROMContinuing trading trading movements 57,780 47,802 35,109 stop carrying into actions 80,920 network income (loss) 57,780 47,802 116,029 wages (LOSS) PER commonality officeContinuing functionings 1.44 1.19 .89 cease trading operations 2.09 add 1.44 1.19 2.98 profits (LOSS) PER reciprocalSHARE-ASSUMING FULLDILUTIONContinuing operations 1.41 1.17 .88Discontinued operations 2.00 bring 1.41 1.17 2.88Total assets 2,201,745 1,759,496 1,642,634LONG-TERM OBLIGATIONSOperations different thanresource-recovery 251,855 183,740 110,315Resource-recovery operation 1,163,565 795,195 772,754SHAREHOLDERS right 425,754 406,576 392,639SHAREHOLDERS loveliness PERCOMMON SHARE 10.70 10.32 10.09CASH DIVIDENDS declare PERCOMMON SHARE 1.10 1.00 .90(TABLE CONTINUED)DECEMBER 31 1985(*) 1984(*)(In thousands of dollars,except per-share amounts)Net sales and assistant revenues $ 743,963 $688,669INCOME (LOSS) FROMContinuing operations 14,375 24,591Discontinued operations (35,675) 15,150Net income (loss) (21,300) 39,741EARNINGS (LOSS) PER COMMON SHAREContinuing operations .36 .63Discontinued operations (.94) .40Total (.58) 1.03EARNINGS (LOSS) PER COMMONSHARE-ASSUMING FULL DILUTIONContinuing operations .36 .62Discontinued operations (.94) .38Total (.58) 1.00Total assets 1,465,023 837,445LONG-TERM OBLIGATIONSOperations other thanresource-recovery 228,103 261,567Resource-recovery operation 597,945SHAREHOLDERS EQUITY 308,833 361,098SHAREHOLDERS EQUITY PER COMMON SHARE 7.19 9.38CASH DIVIDENDS DECLARED PERCOMMON SHARE .90 .90(*) Restated - picture Note 1 to Consolidated Financial Statements.*37 HARDCOPY PAGE 37Ogden participation and SubsidiariesMANAGEMENTS parole AND ANALYSIS OF CONSOLIDATED OPERATIONSThe accompanying financial statements for anterior long time have been restatedto reflect the consolidation of Ogdens leasing and financingsubsidiaries and a wrapped policy company previously included on theequity order of accounting, as well as the previously off-balance sheetfinancing assets, liabilities, and link revenues and cost ofresource-recovery facilities. (See Note 1 to the Consolidated FinancialStatements.)OPERATIONS gross revenue and service revenues for 1988 increased by$185,200,000, or 20.5%, over 1987. Operating run revenues were$108,600,000 higher, to begin with reflecting increased revenues of$62,500,000 and $40,000,000 in the Building function and Aviation serve groups, respectively, chiefly associated with new accounts andincreased customer activity. The other areas of Operating Services excessivelyhad increased revenues, which were partially offset by reduced revenuesin vacuous Services of $20,400,000, due primarily to the loss of certain menage giving up accounts in 1987. Environmental Services startedcomme rcial operations in 1988 and had revenues of $7,500,000 for theyear. Resource-recovery operations had increased revenues of$69,000,000. Service revenues increased $37,000,000 over 1987,reflecting eight facilities in operation in 1988 having a per-daycapacity of 7,762 tons, compared with five facilities in operation in1987 having a per-day capacity of 3,200 tons. Construction revenueswere $32,000,000 higher, reflecting three projects under plait in1988, only one of which reaching more than 25% tip in 1988,compared with two plants under construction and one completed in 1987.Income from operations for 1988 increased $6,000,000 over 1987.Ogden Financial Data essays research paper OGDEN CORPORATION AND SUBSIDIARIESSELECTED FINANCIAL DATADECEMBER 31 1988 1987(*) 1986(*)(In thousands of dollars,except per-share amounts)Net sales and servicerevenues $1,087,785 $ 902,565 $ 819,629INCOME (LOSS) FROMContinuing operations 57,780 47,802 35,109Discontinued operations 80,920Net income (loss ) 57,780 47,802 116,029EARNINGS (LOSS) PER COMMONSHAREContinuing operations 1.44 1.19 .89Discontinued operations 2.09Total 1.44 1.19 2.98EARNINGS (LOSS) PER COMMONSHARE-ASSUMING FULLDILUTIONContinuing operations 1.41 1.17 .88Discontinued operations 2.00Total 1.41 1.17 2.88Total assets 2,201,745 1,759,496 1,642,634LONG-TERM OBLIGATIONSOperations other thanresource-recovery 251,855 183,740 110,315Resource-recovery operation 1,163,565 795,195 772,754SHAREHOLDERS EQUITY 425,754 406,576 392,639SHAREHOLDERS EQUITY PERCOMMON SHARE 10.70 10.32 10.09CASH DIVIDENDS DECLARED PERCOMMON SHARE 1.10 1.00 .90(TABLE CONTINUED)DECEMBER 31 1985(*) 1984(*)(In thousands of dollars,except per-share amounts)Net sales and service revenues $ 743,963 $688,669INCOME (LOSS) FROMContinuing operations 14,375 24,591Discontinued operations (35,675) 15,150Net income (loss) (21,300) 39,741EARNINGS (LOSS) PER COMMON SHAREContinuing operations .36 .63Discontinued operations (.94) .40Total (.58) 1.03EARNINGS (LOSS) PER COMMONSHARE-ASSUMING FULL DILUTIONContinuing operations .36 .62Discontinued operations (.94) .38Total (.58) 1.00Total assets 1,465,023 837,445LONG-TERM OBLIGATIONSOperations other thanresource-recovery 228,103 261,567Resource-recovery operation 597,945SHAREHOLDERS EQUITY 308,833 361,098SHAREHOLDERS EQUITY PER COMMON SHARE 7.19 9.38CASH DIVIDENDS DECLARED PERCOMMON SHARE .90 .90(*) Restated - See Note 1 to Consolidated Financial Statements.*37 HARDCOPY PAGE 37Ogden Corporation and SubsidiariesMANAGEMENTS DISCUSSION AND ANALYSIS OF CONSOLIDATED OPERATIONSThe accompanying financial statements for prior years have been restatedto reflect the consolidation of Ogdens leasing and financingsubsidiaries and a captive insurance company previously included on theequity method of accounting, as well as the previously off-balance sheetfinancing assets, liabilities, and related revenues and costs ofresource-recovery facilities. (See Note 1 to the Consolidated FinancialStatements.)OPERATIONS Sale s and service revenues for 1988 increased by$185,200,000, or 20.5%, over 1987. Operating Services revenues were$108,600,000 higher, primarily reflecting increased revenues of$62,500,000 and $40,000,000 in the Building Services and AviationServices groups, respectively, chiefly associated with new accounts andincreased customer activity. The other areas of Operating Services alsohad increased revenues, which were partially offset by reduced revenuesin Leisure Services of $20,400,000, due primarily to the loss of certaintheatre concession accounts in 1987. Environmental Services startedcommercial operations in 1988 and had revenues of $7,500,000 for theyear. Resource-recovery operations had increased revenues of$69,000,000. Service revenues increased $37,000,000 over 1987,reflecting eight facilities in operation in 1988 having a per-daycapacity of 7,762 tons, compared with five facilities in operation in1987 having a per-day capacity of 3,200 tons. Construction revenueswere $32,000,00 0 higher, reflecting three projects under construction in1988, only one of which reaching more than 25% completion in 1988,compared with two plants under construction and one completed in 1987.Income from operations for 1988 increased $6,000,000 over 1987.