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Almost Family Reports Second Quarter 2009 Results
Date:8/5/2009

iscontinued operations (10,208) (78,620) ------- ------- Income from continuing operations 11,599,404 6,473,564 Adjustments to reconcile income from continuing operations to net cash provided by operating activities: Depreciation and amortization 1,152,016 642,350 Provision for uncollectible accounts 1,901,216 1,221,959 Stock-based compensation 771,687 333,332 Deferred income taxes 7,767 (276,073) ----- -------- 15,432,090 8,395,132 Change in certain net current assets, net of the effects of acquisitions: (Increase) decrease in: Accounts receivable (5,307,923) (6,787,893) Prepaid expenses and other current assets 392,509 (577,650) Other assets (49,242) (12,687) Increase (decrease) in: Accounts payable and accrued expenses (1,353,984) 397,696 ---------- ------- Net cash provided by operating activities 9,113,450 1,414,598 --------- --------- Cash flows from investing activities: Capital expenditures (570,840) (321,729) Acquisitions, net of cash acquired (6,406,761) (14,493,231) ---------- ----------- Net cash used in investing activities (6,977,601) (14,814,960) ---------- ----------- Cash flows from financing activities: Net revolving credit facility (r
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SOURCE Almost Family, Inc.
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