SAFE BULKERS, INC.

SB ·Industrials, Marine Shipping, Monaco
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2007 FY2006
Revenue $9.53B $7.82B
Products $7.56B $6.33B
Services $1.83B $1.37B
Other $140.0M $120.0M
Cost of Revenue
Gross Profit
Gross Margin
Operating Expenses
Research & Development
SG&A Expense
Operating Income
Operating Margin
Interest Expense
Pretax Income
Income Tax Expense
Net Income
Net Margin
EPS (Basic)
EPS (Diluted)
Shares Outstanding (Basic)
Shares Outstanding (Diluted)
Dividends Per Share
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