HMS Holdings Corp. Announces Q2 2009 Results and Raises 200...((in thousands) ...),Health

Date:7/31/2009

(in thousands) (unaudited) Six months ended June 30, ------------------- 2009 2008 ---- ---- Operating activities: Net income $12,343 $8,174 Adjustments to reconcile net income to net cash provided by operating activities: Loss on disposal of fixed assets 3 8 Depreciation and amortization 6,764 5,771 Share-based compensation expense 2,920 1,518 Decrease in deferred tax asset 391 390 Changes in assets and liabilities: Increase in accounts receivable (9,972) (5,149) Decrease in prepaid expenses and other current assets (3,414) 412 (Increase)/decrease in other assets 1 (18) Decrease in accounts payable, accrued expenses and other liabilities (3,886) (6,748) ------- ------- Net cash provided by operating activities 5,150 4,358 ----- ----- Investing activities: Purchases of property and equipment (4,290) (3,690) Investment in software (787) (477) ---- ---- Ne
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SOURCE HMS Holdings Corp. Copyright©2009 PR Newswire. All rights reserved

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