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Carriage Services Announces Fourth Quarter 2008 Results
Date:2/26/2009

ales in funeral accounts receivable 22.9 21.3 Senior Debt to total capitalization 40.9 41.1 Senior Debt to EBITDA from continuing operations (rolling twelve months) 3.5 4.3 a) Senior debt does not include the convertible junior subordinated debentures. Reconciliation of Non-GAAP Financial Measures: This press release includes the use of certain financial measures that are not GAAP measures. The non-GAAP financial measures are presented for additional information and are reconciled to their most comparable GAAP measures below. Reconciliation of Net Income from continuing operations to EBITDA from continuing operations for the rolling twelve months ended 12/31/2009 presented at the midpoint of the range identified in the release: Twelve months ended 12/31/2009 E Net income from continuing operations $6,800 Provision for income taxes 3,100 Pre-tax earnings from continuing operations 9,900 Net interest expense, including loan cost amortization 18,100 Depreciation & amortization 11,000 EBITDA from continuing operations $39,000 Revenue from continuing operations $177,500 Adjusted EBITDA margin from continuing operations 22.0% Reconciliation of Non-GAAP Financial Measures, Continued: Reconciliation of cash provided by operating activities from continuing operations to free cash flow (in 000s): Three months Three months
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SOURCE Carriage Services, Inc.
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