'97 through '06 Statement of Income

2007 Schedule	Lambeau Seating Chart
Statement of Income	Packer Fan email list
Balance Sheet	Wisconsin's Best
Board of Directors	NFL City Sports Pages
Shareholder Info	Packerland Pilgrimage
Packer Coaches

Statements of income

Balance Sheet

Years ended March 31, 1997 through 2006

OPERATING INCOME 2006 2005 2004
2003

2002

2001

2000

1999

1998

1997

Ticket & Media Income

Home games (net)
28,451,440 26,642,470 26,537,524 20,496,672
17,837,101

17,888,869

14,582,253

12,430,382

12,467,550

10,852,041

Road games
12,919,710 12,038,165 11,383,878 10,770,023
10,198,859

9,414,937

9,395,968

8,336,206

8,139,440

7,248,479

Television and radio
87,334,375 84,234,375 81,179,375 77,140,350
69,402,161

65,108,700

61,004,699

61,824,080

42,567,103

41,411,408

TOTAL TICKET AND MEDIA INCOME 128,705,525 122,915,010 119,100,777 108,407,045
97,438,121
92,412,506
84,982,920

82,590,668

63,174,093

59,547,928

Other Operating Income

Private box income
11,289,395 10,952,498 10,484,156 10,532,652
7,632,200

5,794,000

5,794,000

4,384,000

4,384,000

3,775,000

NFL Properties income (Other NFL Revenue)
15,073,968 14,529,576 7,306,245 4,701,637
  5,290,637
  6,194,800
4,160,594

4,245,921

3,717,778

3,133,871

Expansion\revenue sharing income
****
***

***

**0

*0

625,000

2,571,429

Marketing\Pro Shop (net)
36,789,800 35,114,075 29,519,978 21,695,463
15,277,619
13,389,036
8,057,659

6,699,231

7,175,057

5,828,356

         Atrium Revenue (Added 2004) 4,656,212 5,874,262 3,050,830

Other - Local Media, Concessions and parking (net)
11,896,532 10,956,820 9,634,071 7,760,924
6,365,707

6,010,879

5,818,832

4,783,810

3,745,371

3,308,140

TOTAL OTHER OPERATING INCOME 79,705,907 77,427,231 59,995,280 44,690,676
34,566,163
31,388,715
23,831,085

20,112,962

19,647,206

18,616,796

TOTAL OPERATING INCOME 208,411,432 199,982,241 179,096,056 153,096,721
132,004,284
123,801,221
108,814,005

102,703,630

82,821,299

78,164,724

OPERATING EXPENSES

Player costs
102,868,701 97,865,020 96,096,544 77,636,463
78,838,164

77,288,196

76,639,234

66,005,634

48,457,457

46,693,594

Game expenses (Operations/Maintenance (net))
6,309,290 5,390,995 3,555,826 2,965,515
2,809,337

2,159,366

2,304,104

2,148,365

2,059,181

1,874,270

General and administrative
23,274,773 20,883,902 15,337,720 47,241,582
44,100,192

41,289,682

30,290,184

27,555,686

24,257,250

22,497,829

          Team expenses 33,674,957 21,233,185

          Marketing expenses 4,354,095 4,005,835

          Pro Shop expenses 12,838,790 11,966,354

          Atrium expenses 4,160,500 4,572,275

Lambeau Redevelopment Costs 0 336,403 475,192 2,054,794
2,988,566

294,049

TOTAL OPERATING EXPENSES 187,481,106 166,253,969 149,949,699 129,898,354
128,736,259
121,031,293
109,233,522

95,709,685

74,773,888

71,065,693

PROFIT (LOSS) FROM OPERATIONS 20,930,326 33,728,272 29,146,357 23,198,367
3,268,025

2,769,928

(419,517)

6,993,945

8,047,411

7,099,031

OTHER INCOME (EXPENSE)

Interest expense
(759,706) (573,333) (501,672) (531,677)
(676,296)

(818,942)

(735,281)

(541,132)

(447,478)

(407,516)

Interest and dividend income
5,767,027 4,231,898 2,539,491 2,233,472
2,441,348

3,649,575

2,715,820

3,032,060

1,557,072

1,428,153

Gain on sale of investments and other assets (net)
3,093,365 2,153.406 1,196,578 (1,643,523)
772,013

3,432,101

2,763,622

1,088,441

1,861,623

1,357,393

Income Before *Expansion Revenue and Provision for Income Taxes 29,031,012 39,540,243 32,280,754 23,256,639
5,805,090

9,032,662

4,3224,644

10,573,314

11,018,628

9,477,061

Provision for Income Taxes 11,000,000 14,100,000 11,510,000 7,737,000
2,050,000

3,400,000

1,650,000

4,100,000

4,300,000

3,600,000

NET INCOME Before Expansion Revenue 18,031,012 25,440,243 20,770,754 15,519,639
3,755,090

5,632,662

2,674,644

6,473,314

6,718,628

5,877,061

Notes

*Editors note: In fiscal 1999 reporting, the Green Bay Packers, inc. removed this line (Expansion\revenue sharing income) from the Statements of income and added the following footnote in it's place:

In fiscal 1999, the club also received a one-time expansion fee from Cleveland of $16,788,696 or approximately $10,600,000 net of income taxes.

**In fiscal 2000, the club received an expansion fee payment from Houston of $5,000,000 or approximately $3,100,000 net of income taxes.

***In fiscal 2002 and 2001, the club received an expansion fee payment from Houston of $4,963,333 and $5,000,000 respectively, or approximately $3,263,333 and $3,100,000 respectively, net of income taxes.

****In fiscal 2003 and 2002, the Club received an expansion fee payment from Houston of $5,000,000 and $4,963,333 respectively, or approximately $3,337,000 and $3,263,333, respectively, net of income taxes.

***** In fiscal 2004 and 2003, the Club received an expansion fee payment from Houston of $3,333,333 and $5,000.000 respectively, or approximately $2,143,333 and $3,337,000, respectively, net of income taxes.

OPERATING INCOME	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997

Ticket & Media Income
Home games (net)	28,451,440	26,642,470	26,537,524	20,496,672	17,837,101	17,888,869	14,582,253	12,430,382	12,467,550	10,852,041
Road games	12,919,710	12,038,165	11,383,878	10,770,023	10,198,859	9,414,937	9,395,968	8,336,206	8,139,440	7,248,479
Television and radio	87,334,375	84,234,375	81,179,375	77,140,350	69,402,161	65,108,700	61,004,699	61,824,080	42,567,103	41,411,408

TOTAL TICKET AND MEDIA INCOME	128,705,525	122,915,010	119,100,777	108,407,045	97,438,121	92,412,506	84,982,920	82,590,668	63,174,093	59,547,928

Other Operating Income
Private box income	11,289,395	10,952,498	10,484,156	10,532,652	7,632,200	5,794,000	5,794,000	4,384,000	4,384,000	3,775,000
NFL Properties income (Other NFL Revenue)	15,073,968	14,529,576	7,306,245	4,701,637	5,290,637	6,194,800	4,160,594	4,245,921	3,717,778	3,133,871
Expansion\revenue sharing income				****	***	***	**0	*0	625,000	2,571,429
Marketing\Pro Shop (net)	36,789,800	35,114,075	29,519,978	21,695,463	15,277,619	13,389,036	8,057,659	6,699,231	7,175,057	5,828,356
Atrium Revenue (Added 2004)	4,656,212	5,874,262	3,050,830
Other - Local Media, Concessions and parking (net)	11,896,532	10,956,820	9,634,071	7,760,924	6,365,707	6,010,879	5,818,832	4,783,810	3,745,371	3,308,140

TOTAL OTHER OPERATING INCOME	79,705,907	77,427,231	59,995,280	44,690,676	34,566,163	31,388,715	23,831,085	20,112,962	19,647,206	18,616,796

TOTAL OPERATING INCOME	208,411,432	199,982,241	179,096,056	153,096,721	132,004,284	123,801,221	108,814,005	102,703,630	82,821,299	78,164,724

OPERATING EXPENSES

Player costs	102,868,701	97,865,020	96,096,544	77,636,463	78,838,164	77,288,196	76,639,234	66,005,634	48,457,457	46,693,594
Game expenses (Operations/Maintenance (net))	6,309,290	5,390,995	3,555,826	2,965,515	2,809,337	2,159,366	2,304,104	2,148,365	2,059,181	1,874,270
General and administrative	23,274,773	20,883,902	15,337,720	47,241,582	44,100,192	41,289,682	30,290,184	27,555,686	24,257,250	22,497,829
Team expenses	33,674,957	21,233,185
Marketing expenses	4,354,095	4,005,835
Pro Shop expenses	12,838,790	11,966,354
Atrium expenses	4,160,500	4,572,275
Lambeau Redevelopment Costs	0	336,403	475,192	2,054,794	2,988,566	294,049

TOTAL OPERATING EXPENSES	187,481,106	166,253,969	149,949,699	129,898,354	128,736,259	121,031,293	109,233,522	95,709,685	74,773,888	71,065,693

PROFIT (LOSS) FROM OPERATIONS	20,930,326	33,728,272	29,146,357	23,198,367	3,268,025	2,769,928	(419,517)	6,993,945	8,047,411	7,099,031

OTHER INCOME (EXPENSE)
Interest expense	(759,706)	(573,333)	(501,672)	(531,677)	(676,296)	(818,942)	(735,281)	(541,132)	(447,478)	(407,516)
Interest and dividend income	5,767,027	4,231,898	2,539,491	2,233,472	2,441,348	3,649,575	2,715,820	3,032,060	1,557,072	1,428,153
Gain on sale of investments and other assets (net)	3,093,365	2,153.406	1,196,578	(1,643,523)	772,013	3,432,101	2,763,622	1,088,441	1,861,623	1,357,393

*Income Before Expansion Revenue and Provision for Income Taxes**	29,031,012	39,540,243	32,280,754	23,256,639	5,805,090	9,032,662	4,3224,644	10,573,314	11,018,628	9,477,061
Provision for Income Taxes	11,000,000	14,100,000	11,510,000	7,737,000	2,050,000	3,400,000	1,650,000	4,100,000	4,300,000	3,600,000

NET INCOME Before Expansion Revenue	18,031,012	25,440,243	20,770,754	15,519,639	3,755,090	5,632,662	2,674,644	6,473,314	6,718,628	5,877,061