Date: Friday, 21-Nov-97 02:00:23 GMT Server: Open-Market-Secure-WebServer/2.0.5.RC0 MIME-version: 1.0 Security-Scheme: S-HTTP/1.1 Accept-Ranges: bytes Content-length: 10767 Last-modified: Wednesday, 05-Nov-97 19:10:52 GMT Content-type: text/html Oakwood Homes Corporation

OAKWOOD HOMES CORPORATION

Consolidated Statement of Income
(Amounts in thousands, except per share data)

Quarter ended September 30, Year ended September 30,
1997 1996 1997 1996
Revenues
  Net sales
  Retail $294,080 $219,127 $858,407 $703,237
  Other $24,175 $36,155 $94,297 $158,842
   $318,255 $255,282 $952,704 $862,079
  Financial services income $30,296 $23,766 $102,778 $92,346
  Other income 1,584 5,768 14,569 19,497
  Total revenue 350,135 284,816 1,070,051 973,922
Costs and Expenses
  Cost of Sales 217,034 176,483 651,400 609,303
  Selling, General and Administrative Expenses 72,553 64,680 236,586 211,759
    Financial services operating expenses 12,898 5,473 29,056 18,810
    Provision for losses on credit sales - 1,000 - 1,000
  Interest Expense
    Non-financial Services 794 458 3,274 2,221
    Financial Services 3,898 4,563 16,543 20,149
Total Costs and Expenses 307,177 252,657 936,859 863,242
Income Before Income Taxes 42,958 32,159 133,192 110,680
Provision for Income Taxes 16,449 11,802 51,279 42,425
NET INCOME $ 26,509 $ 20,357 $ 81,913 $ 68,255
Earnings Per Share
  Primary $ .56 $ .44 $1.75 $1.47
  Fully Diluted $ .56 $ .44 $1.75 $1.47
Weighted Average Number of
Common Shares Outstanding
  Primary 47,139 46,585 46,791 46,460
  Fully Diluted 47,191 46,725 46,846 46,521


OAKWOOD HOMES CORPORATION

Consolidated Balance Sheet
(Amounts in Thousands)

September 30
Assets 1997 1996
Cash and Cash Equivalents $ 28,717 $ 28,577
Receivables and Investments 462,080 508,825
Inventories 208,298 155,890
Properties and Facilities 139,702 113,764
Deferred Income Taxes 12,994 9,674
Other Assets 52,715 25,247
Total $904,506 $841,977
Liabilities and Shareholders' Equity
Short-term Borrowings $175,800 $145,506
Notes and Bonds Payable 78,815 134,379
Accounts Payable and Accrued Liabilities 122,162 157,929
Insurance Policy Reserves 30,535 5,534
Other Long-term Obligations 13,312 6,655
Shareholder's Equity
  Common Stock 23,149 22,811
  Additional Paid-in Capital 159,281 149,501
  Retained Earnings 306,533 226,460
488,963 398,772
Unearned Compensation (5,081) (6,798)
483,882 391,974
$904,506 $841,977


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