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Air Methods Reports 3Q2007 Results and 4Q2007 Update
Date:11/8/2007

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AIR METHODS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET

(Amounts in thousands)

September 30, December 31,

2007 2006

ASSETS

Current assets:

Cash and cash equivalents $10,477 4,219

Receivables, net 114,785 107,755

Other current assets 37,296 27,887

Total current assets 162,558 139,861

Property and equipment 97,241 95,575

Other assets, net 17,142 14,721

Total assets $276,941 250,157

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Notes payable related to assets held

for sale $15,540 9,560

Current portion of indebtedness 12,448 9,963

Accounts payable, accrued expenses

and other 37,927 28,306

Total current liabilities 65,915 47,829

Long-term indebtedness 45,370 62,346

Other non-current liabilities 31,529 32,668

Total liabilities 142,814 142,843

Total stockholders' equity 134,127 107,314

Total liabilities and stockholders' equity $276,941 250,157

AIR METHODS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(Amounts in thousands, except share and per share data) <
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SOURCE Air Methods Corporation
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