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AMN Healthcare Announces Third Quarter 2008 Results and Updates Full Year Guidance
Date:10/30/2008

items excluded from adjusted EBITDA are not indicative of the

Company's operating performance, these items do impact the income

statement, and management therefore utilizes adjusted EBITDA as an

operating performance measure in conjunction with GAAP measures such

as net income.

(2) Average travelers on assignment represents the average number of nurse

and allied healthcare professionals on assignment during the period

presented.

(3) Revenue per traveler per day and gross profit per traveler per day

represent the revenue and gross profit of the Company's nurse and

allied healthcare staffing segment divided by average travelers on

assignment, divided by the number of days in the period presented.

(4) Days filled is calculated by dividing the locum tenens hours filled

during the period by 8 hours. Revenue per day filled and gross profit

per day filled represent revenue and gross profit of the Company's

locum tenens staffing segment divided by days filled for the period

presented.

(5) Free cash flow is calculated by subtracting capital expenditures from

net cash provided by operating activities.

(6) Leverage ratio represents the ratio of the total debt outstanding at

the end of the period to the Adjusted EBITDA for the past twelve

months.

(7) Net income during the three and nine months ended September 30, 2007

was revised by $1.9 million and $0.4 million for the three and nine

months ended September 30, 2007 to reflect an immaterial correction of

an error related to an issue regarding the deductibility of lodging

per diem payments for income tax purposes.

AMN Healthcare Services, Inc.

Condensed Consolidated Balance Sheets

(in thousands)


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SOURCE AMN Healthcare Services, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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