HCA Reports First Quarter 2008 Results(Revenues ...),Health

Net income $170 $180

Gains on sales of facilities (net of tax) (30) (2)

Net income, excluding gains on sales of facilities 140 178

Depreciation and amortization 357 355

Interest expense 530 557

Minority interests in earnings of consolidated

entities 56 61

Provision for income taxes 97 125

Adjusted EBITDA (a) $1,180 $1,276

(a) Net income, excluding gains on sales of facilities, and adjusted

EBITDA are non-GAAP financial measures. We believe that net income,

excluding gains on sales of facilities, and adjusted EBITDA are

important measures that supplement discussions and analysis of our

results of operations. We believe that it is useful to investors to

provide disclosures of our results of operations on the same basis as

that used by management. Management relies upon net income, excluding

gains on sales of facilities, and adjusted EBITDA as the primary

measures to review and assess operating performance of its hospital

facilities and their management teams.

Management and investors review both the overall performance

(including; net income, excluding gains on sales of facilities, and

GAAP net income) and operating performance (adjusted EBITDA) of our

health care facilities. Adjusted EBITDA and the adjusted EBITDA

margin (adjusted EBITDA divided by revenues) are utilized by

management and investors to compare our current operating results

with the co
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