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Gentiva Reports First Quarter 2009 Results
Date:4/30/2009

transferred 5,619 - Acquisition of businesses, net of cash acquired - (47,405) Purchases of short-term investments available- for-sale - (28,000) Maturities of short-term investments available- for-sale - 44,900 --- ------- Net cash used in investing activities (52) (37,129) --- ------- FINANCING ACTIVITIES: Proceeds from issuance of common stock 3,899 4,119 Windfall tax benefits associated with equity- based compensation 547 1,235 Borrowings under revolving credit facility - 12,000 Home Health Care Affiliates debt repayments - (7,420) Debt issuance costs - (432) Repayments under the Company's term loan (14,000) - Repurchases of common stock (4,813) - Repayment of capital lease obligations (219) (307) ------- ------ Net cash (used in) provided by financing activities (14,586) 9,195 ------- ------- Net change in cash and cash equivalents 10,358 (19,799) Cash and cash equivalents at beginning of period 69,201 36,181 ------- ------- Cash and cash equivalents at end of period $79,559 $16,382 ======= =======
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SOURCE Gentiva Health Services, Inc.
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