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LCA-Vision Reports Second Quarter Financial Results
Date:7/28/2009

l stockholders' investment 73,976 82,985 Total liabilities and stockholders' investment $ 147,210 $ 157,482 LCA-Vision Inc. Condensed Consolidated Statements of Cash Flows (Dollars in thousands) (Unaudited) Six Months Ended June 30, 2009 2008 Cash flow from operating activities Net (loss) income $ (9,731) $6,303 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 8,127 8,867 Provision for loss on doubtful accounts 1,957 3,325 Loss on investments 365 - Non cash restructuring charges 1,877 - Deferred income taxes (265) 1,686 Stock based compensation 568 612 Insurance reserve 425 1,070 Equity in earnings of unconsolidated affiliates (75) (321) Changes in operating assets and liabilities Patient receivables 1,394 (3,492) Other accounts receivable 413 999 Prepaid income taxes 3,094 4,736 Prepaid expenses and other 880 80 Accounts payable 146 (6,821) Deferred revenue, net of professional fees (4,818) (9,491) Accrued liabilities a
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