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AMERIGROUP Corporation Earns $0.74 Per Diluted Share
Date:10/22/2008

licensure, net (4,557) (15,422)

Purchase of property, equipment and software (27,547) (28,313)

Net cash provided by (used in) investing

activities 321,546 (498,355)

Cash flows from financing activities:

Proceeds from borrowings under credit

facility and issuance of convertible notes - 611,318

Repayments of borrowings under credit facility (79,025) (221,318)

Payment of debt issuance costs - (11,510)

Payment of capital lease obligations (357) (676)

Proceeds and tax benefits from exercise of

stock options and change in bank overdrafts,

net 7,344 10,137

Treasury stock purchases (22,890) -

Net cash (used in) provided by financing

activities (94,928) 387,951

Net increase in cash and cash equivalents 197,242 140,154

Cash and cash equivalents at beginning of

period 487,614 176,718

Cash and cash equivalents at end of period $684,856 $316,872

Reconciliation of Non-GAAP Financial Measures

Operating Results Excluding Litigation Settlement Charge for the Nine Months Ended September 30, 2008

The following tables present (i) the Company's Consolidated Operations for the nine months ended September 30, 2008; (ii) Condensed Consolidated Cashflows from Operations; and (iii) Forward-Looking Guidance for Full-Year 2008, on a GAAP and non-GAAP basis. Management believes that the presentation of certain financial information in this press release, excluding the litigation settlement charge that was recorded in the nine months ended Sep
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SOURCE AMERIGROUP Corporation
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Related medicine news :

1. AMERIGROUP Foundation Supports the School for Children with Hidden Intelligence
2. Savannah Mayor Otis Johnson Honored as Healthy Hero by The AMERIGROUP Foundation
3. Texas State Rep. Sylvester Turner Honored as Champion for Children by The AMERIGROUP Foundation
4. Amerigroup Settles Federal and State Medicaid Fraud Claims for $225 Million
5. The AMERIGROUP Foundation Honors the University of Maryland Hospital for Childrens Breathmobile
6. Texas State Rep. John Davis Honored as Champion for Children by The AMERIGROUP Foundation
7. AMERIGROUP Renews Contract with Tennessee
8. AMERIGROUP Foundation Announces Winners of Healthy Communities Art Project
9. AMERIGROUP Provides Status on Tennessee Rate Increase and Effect on 2008 Guidance
10. AMERIGROUP Corporation to Present at the Goldman Sachs 29th Annual Global Healthcare Conference on June 11
11. AMERIGROUP Corporation to Present at the Citigroup 2008 Global Healthcare Conference on May 21
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