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Gentiva Reports Fourth Quarter and Fiscal 2008 Results
Date:2/18/2009

------ ------------ ------------ Cash and cash equivalents $69,201 $14,167 Restricted cash - 22,014 Short-term investments (B) - 31,250 Accounts receivable, net (C) 177,201 207,801 Deferred tax assets 11,933 18,859 Prepaid expenses and other current assets 13,141 14,415 ------ ------ Total current assets 271,476 308,506 Long-term investments (B) 11,050 - Note receivable 25,000 - Investment in affiliate 23,264 - Fixed assets, net 63,815 59,562 Intangible assets, net 250,432 211,602 Goodwill 308,213 276,100 Other assets 20,247 26,463 ------ ------ Total assets $973,497 $882,233 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY --------------- Current portion of long-term debt $- $2,304 Accounts payable 8,027 20,093 Payroll and related taxes 17,869 17,163 Deferred revenue 32,976 29,015 Medicare liabilities 6,680 7,985 Cost of claims incurred but not reported - 24,321 Obligations under insurance programs 39,628 36,816 Other accrued expenses 40,895 42,282 ------ ------ Total current liabilities 146,075
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SOURCE Gentiva Health Services, Inc.
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