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HMS Holdings Corp. Announces First Quarter 2009 Financial Results
Date:5/1/2009

erest $232 $383 ======= ======= Supplemental disclosure of noncash investing activities: Accrued property and equipment purchases $534 $- ======= ======= * March 2008 presentation was modified to conform with a revised 2009 reporting format. HMS HOLDINGS CORP. AND SUBSIDIARIES Reconciliation of net income to EBITDA and adjusted EBITDA (In Thousands, Except Share and Per Share Amounts) (unaudited) As summarized in the following table, earnings before interest, taxes, depreciation and amortization, and share based compensation expense (adjusted EBITDA) was $14.5 million for the first quarter of 2009, an increase of 54.9% over the same period a year ago. Reconciliation of net income to EBITDA and adjusted EBITDA Three Months Ended March 31, 2009 2008 ---- ---- Net Income $5,705 $3,173 Net interest expense 190 218 Income taxes 3,965 2,298 Depreciation and amortization, net of deferred financing costs, included in net interest expense (income) 3,314 2,860 ------- ------- Earnings before interest, taxes, depreciation and amortization (EBITDA) 13,174 8,549 Share-based compensation expense 1,308 798 ------- ------
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