2019 BBNC Annual Report | Page 30

RESULTS OF OPERATIONS CONSOLIDATED RESULTS The following table displays consolidated net earnings attributable to BBNC for the fiscal year ended (in thousands except earnings per share and weighted average shares outstanding): FISCAL YEAR 2019 2018 2017 1,657,203 1,619,162 1,491,404 Investment earnings 8,659 28,693 25,271 Equity in earnings 2,756 (734) (482) REVENUES Operating business lines $ Gain on sale of business 6,819 — — 11,753 10,677 6,904 1,824 1,547 2,084 1,689,014 1,659,345 1,525,181 Cost of operating business lines 1,598,329 1,573,247 1,436,309 Cost of investment management 1,037 1,432 962 Natural resources and royalty income Other Total revenues COSTS AND EXPENSES Corporate general and administrative expense 17,509 23,385 19,266 Interest 1,707 1,885 1,714 Other 2,935 2,520 2,234 1,621,517 1,602,469 1,460,485 Total costs and expenses Earnings from operations 67,497 56,876 64,696 (14,010) 46,348 (23,564) 53,487 103,224 41,132 (339) (161) (111) $ 53,148 103,063 41,021 $ 98 191 76 540,100 540,100 540,100 Income tax benefit (expense) Net earnings Less income attributable to noncontrolling interest Net earnings attributable to BBNC Earnings per share Weighted average shares outstanding 28 BBNC FY2019 ANNUAL REPORT