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IPC The Hospitalist Company Reports Third Quarter 2009 Results
Date:11/2/2009

average shares: Basic N/A N/A N/A 14,881,071 === === === ========== Diluted N/A N/A N/A 15,098,553 === === === ========== IPC The Hospitalist Company, Inc. Consolidated Statements of Cash Flows (dollars in thousands) (unaudited) Nine Months Ended September 30, -------------------- 2009 2008 -------- -------- Operating activities Net income $13,261 $8,926 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,699 1,535 Stock-based compensation expense 1,470 641 Tax liability reduction for uncertain tax positions (38) - Changes in assets and liabilities: Accounts receivable (1,823) (1,835) Prepaid expenses and other current assets 4,223 6,355 Accounts payable 327 (81) Accrued compensation 4,929 (120) Medical malpractice and self-insurance reserves 123 2,169 ---
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