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LifeCare Holdings, Inc. Announces First Quarter Results
Date:5/15/2009

: Depreciation and amortization 3,276 3,177 Provision for doubtful accounts 1,847 1,358 Equity compensation amortization 99 83 Gain on early extinguishment of debt - (84) Equity in loss of joint venture - 537 Changes in operating assets and liabilities: Patient accounts receivable (11,516) (7,891) Current income taxes 200 190 Prepaid expenses and other current assets (788) (203) Other assets 61 155 Estimated third party payer settlements (2,119) (5,347) Accounts payable and accrued expenses 3,838 1,109 Other liabilities 352 (98) Net cash used in operating activities (7,667) (5,191) Cash from investing activities: Purchases of property and equipment (8,542) (1,231) Sales-leaseback proceeds 2,893 - Net cash used in investing activities (5,649) (1,231) Cash flows from financing activities: Borrowings under the line of credit - 25,000 Payments of notes payable and long-term debt (638) (63) Proceeds from capital lease financing 1,802 - Payments on obligations under capital leases (797) (307) Proceeds from lease financing obligation 1,800 - Payments on lease financing obligation
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