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Air Methods Reports 3Q2008 Results and 4Q2008 Update
Date:11/6/2008

> AIR METHODS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET

(Amounts in thousands)

September 30, December 31,

2008 2007

ASSETS

Current assets:

Cash and cash equivalents $9,171 5,134

Trade receivables, net 140,584 135,633

Other current assets 61,422 74,090

Total current assets 211,177 214,857

Net property and equipment 129,924 114,746

Other assets, net 41,097 39,949

Total assets $382,198 369,552

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Notes payable related to assets held

for sale $22,831 24,203

Current portion of indebtedness 18,356 18,350

Accounts payable, accrued expenses

and other 64,057 59,546

Total current liabilities 105,244 102,099

Long-term indebtedness 66,293 76,751

Other non-current liabilities 52,708 48,682

Total liabilities 224,245 227,532

Total stockholders' equity 157,953 142,020

Total liabilities and stockholders'

equity $382,198 369,552

AIR METHODS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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SOURCE Air Methods Corporation
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