HCA Reports Second Quarter 2008 Results(2008 2007 Cash flows from o...),Health

Cash flows from operating activities:

Net income $311 $296

Adjustments to reconcile net income to net

cash provided by operating activities:

Provision for doubtful accounts 1,701 1,444

Depreciation and amortization 712 716

Income taxes (376) (21)

Gains on sales of facilities (40) (16)

Impairment of long-lived assets 9 24

Change in operating assets and liabilities (1,994) (2,100)

Share-based compensation 19 11

Change in minority interests 15 16

Other 67 36

Net cash provided by operating activities 424 406

Cash flows from investing activities:

Purchase of property and equipment (717) (675)

Acquisition of hospitals and health care

entities (44) (10)

Disposal of hospitals and health care entities 110 65

Change in investments (11) 192

Other 13 10

Net cash used in investing activities (649) (418)

Cash flows from financing activities:

Net change in revolving bank credit facility 900 (210)

Repayment of long-term debt (703) (148)

Issuance of common stock - 100

Other 3 (14)