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Dialysis Corporation of America Reports Fourth Quarter and Year Ended December 31, 2008 Results
Date:3/5/2009

86,836,893 74,534,735 62,460,238 Cost and expenses: Cost of sales revenues: Cost of medical services 51,452,299 44,248,309 36,968,682 Cost of product sales 659,766 598,086 549,590 Total cost of sales revenues 52,112,065 44,846,395 37,518,272 Selling, general and administrative expenses Corporate 10,586,797 7,917,038 6,460,309 Facility 12,851,367 11,423,072 8,988,078 Total 23,438,164 19,340,110 15,448,387 Stock compensation expense 221,166 217,474 275,438 Depreciation and amortization 2,783,826 2,619,049 2,319,070 Provision for doubtful accounts 2,088,248 1,665,120 1,198,995 80,643,469 68,688,148 56,760,162 Operating income 6,193,424 5,846,587 5,700,076 Other (expense) income, net (48,605) (39,637) 100,968 Income before income taxes, minority and other equity interests and equity in affiliate earnings 6,144,819 5,806,950 5,801,044 Income tax provision 1,862,479 1,614,892 2,085,874 Income before minority and other equity interests and equity in affiliate earnings 4,282,340 4,192,058 3,715,170 Minority and other equity interests in income of consolidated subsidiaries (1,438,225) (1,105,736) (919,739) Equity in affiliate earnings --- --- 253,765 Net income $2,844,115 $3,086,322 $3,049,196 Earning per share: Basic $.30 $.32 $.32 Dilut
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SOURCE Dialysis Corporation of America
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