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AMERIGROUP Reports Q4 Net Income of $31.1 Million or $0.57 Per Diluted Share; Full-Year Net Income of $116.5 Million or $2.16 Per Diluted Share
Date:2/13/2008

411,193 391,515

Retained earnings 502,182 376,547

Total stockholders' equity 913,907 768,585

$2,088,621 $1,345,695

AMERIGROUP CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

Twelve months ended

December 31,

2007 2006

(in thousands)

Cash flows from operating activities:

Net income $116,450 $107,106

Adjustments to reconcile net income

to net cash provided by operating activities:

Depreciation and amortization 31,604 25,486

Loss on disposal of property,

equipment and software 67 725

Deferred tax benefit (2,204) (12,214)

Compensation expense related to

share-based payments 11,879 8,477

Changes in assets and liabilities

increasing (decreasing) cash flows

from operations:

Premium receivables (19,346) 12,548

Prepaid expenses, provider and other

receivables and other current assets (18,499) (21,683)

Other assets (2,577) (647)

Claims payable 155,969 36,525

Unearned revenue 29,821 21,764

Accounts payable, accrued expenses

and other current liabi
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SOURCE AMERIGROUP Corporation
Copyright©2008 PR Newswire.
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