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LifeCare Holdings, Inc. Announces First Quarter Results

er liabilities 405 352

Net cash used in operating activities (16,358) (7,667)

Cash used in investing activities:

Purchases of property and equipment (7,030) (8,542)

Sales-leaseback proceeds - 2,893

Net cash used in investing activities (7,030) (5,649)

Cash flows provided by (used in) financing


Lease financing obligation proceeds - 1,800

Payments of notes payable and long-term debt (638) (638)

Proceeds from capital lease financing - 1,802

Payments on obligations under capital leases (1,089) (797)

Net cash provided by (used in) financing

activities (1,727) 2,167

Net decrease in cash and cash equivalents (25,115) (11,149)

Cash and cash equivalents, beginning of period 33,250 17,816

Cash and cash equivalents, end of period $8,135 $6,667

Supplemental disclosure of cash flow information:


Interest paid $12,223 $13,380

Income taxes paid, net of refunds - -


Equipment purchased through capital lease

financing - 824

Schedule 4

Selected Operating Statistics

Three months Three months

ended March 31, ended March 31,

2007 2008

Number of hospitals within hospitals

(end of period) 11 9

Number of freestanding ho

SOURCE LifeCare Holdings, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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