<PAGE>
ITEM 6. SELECTED FINANCIAL DATA
The following table sets forth certain selected financial information for the
periods presented and should be read in conjunction with the Consolidated
Financial Statements of the Company and the related notes thereto and with
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" included in this Report. The selected financial information
contained herein has been restated to reflect the Company's marine protein
operations as a continued operation as a result of the Company's decision to
retain these operations. The Company's Form 10-K for the fiscal year ended
September 30, 1994 reflected the marine protein operations as a discontinued
operation. The Company's financial statements were also restated in 1995 to
reflect the Company's natural gas compression and natural gas gathering,
processing and marketing operations as discontinued operations.
<TABLE>
<CAPTION>
YEAR ENDED SEPTEMBER 30,
-----------------------------------------------------
1995 1994 1993 1992 1991
-------- -------- ------- -------- -------
(IN THOUSANDS, EXCEPT PER SHARE)
<S> <C> <C> <C> <C> <C>
INCOME STATEMENT DATA:
Revenues.............. $103,068 $109,163 $78,754 $106,413 $93,410
Operating income
(loss)............... (9,220)(1) (31,607)(2) 3,559 10,901 3,063
Income (loss) from
continuing
operations........... (5,844) (857)(3) 10,458(4) 2,431 2,087
Per share income
(loss) from
continuing
operations........... (0.19) (0.04) 0.37 0.08 0.07
Cash dividends paid... 1,153 1,566 2,933 -- --
Common Stock,
dividends declared,
per share............ -- 0.07 -- -- --
CASH FLOW DATA:
Capital expenditures.. 7,341 15,530 2,812 11,595 8,730
</TABLE>
<TABLE>
<CAPTION>
SEPTEMBER 30,
----------------------------------------------
1995 1994 1993 1992 1991
-------- -------- -------- ------- --------
(IN THOUSANDS)
<S> <C> <C> <C> <C> <C>
BALANCE SHEET DATA:
Working capital............... $113,536 $139,526 $136,493(5) $30,281 $ 48,054
Property and equipment, net... 39,238 48,642 86,372 97,768 101,156
Assets of discontinued
operations................... 101,894 103,117 17,827 -- --
Total assets.................. 239,391 254,788 322,073 304,339 318,021
Current maturities of long-
term debt.................... 16,148 531 330 19,652 10,671
Long-term debt................ 37,468 52,581 135,659 120,298 139,951
Stockholders' equity.......... 145,290 154,542 146,264 124,880 122,853
</TABLE>
- --------
(1) Includes a $12.3 million provision for asset impairment of the Company's
marine protein assets.
(2) Includes a $29.2 million oil and gas valuation provision.
(3) Includes a $37.5 million pretax gain from the sale of 4.1 million shares of
Tidewater common stock and expenses of $7.4 million related to the
prepayment of indebtedness.
(4) Includes a $32.9 million pretax gain from the sale of 3.5 million shares of
Tidewater common stock, a $6.4 million prepayment penalty in connection
with the senior debt refinancing and a $5.7 million pretax loss resulting
from the disposition of Zapata's investment in Arethusa (Offshore) Limited.
(5) Includes $75.1 million of restricted cash primarily generated from the sale
of Tidewater common stock in June 1993 which was subsequently used to fund
the cash portion of the purchase price for the acquisition of Energy
Industries.
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