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Almost Family Reports Third Quarter 2008 Results


(Increase) decrease in:

Accounts receivable (11,622,049) (1,602,214)

Prepaid expenses and other current assets (789,821) (491,051)

Other assets (26,455) (34,697)

Increase (decrease) in:

Accounts payable and accrued expenses 2,057,893 100,403

Net cash provided by operating activities 3,722,114 6,304,391

Cash flows from investing activities:

Capital expenditures (622,168) (504,451)

Acquisitions, net of cash acquired (58,593,323) (542,348)

Net cash used in investing activities (59,215,491) (1,046,799)

Cash flows from financing activities:

Net revolving credit facility repayments 14,096,873 (4,426,462)

Proceeds from stock option exercises 54,876 107,187

Purchase of common stock in connection

with option exercises - (3,804,883)

Tax benefit from non-qualified stock

option exercises 84,448 704,294

Proceeds from stock offering 41,820,562 -

Principal payments on capital leases and

notes payable (200,086) (1,160,623)

Net cash provided by (used in) financing

activities 55,856,673 (8,580,487)

Cash flows from discontinued operations

Operating activities (101,147) (210,995)

Investing activities - -

Financing activities - -

Net cash used in discontinued operations (101,147) (210,995)

Net increase (decrease) in cash and cash


SOURCE Almost Family, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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