Lincare Holdings Inc. Announces Fourth Quarter and Year Ended 2008 Financi...(Bad debt expense ...),Health

Date:2/9/2009

Bad debt expense 6,227 6,185 Depreciation and amortization expense 28,909 32,586 Operating income 97,064 99,526 Interest expense, net 3,385 8,535 Income before income taxes 93,679 90,991 Income taxes 35,513 33,403 Net income $58,166 $57,588 Basic earnings per common share $0.79 $0.73 Diluted earnings per common share $0.79 $0.70 Weighted average number of common shares outstanding 73,464,442 78,500,270 Weighted average number of common shares and common share equivalents outstanding 73,533,442 84,293,285 For the twelve months ended December 31, December 31, 2008 2007 Net revenues $1,664,580 $1,595,990 Costs and expenses: Costs of goods and services 400,812 389,884 Operating expenses 395,706 365,016 Selling, general and administrative expenses 326,886 317,722 Bad debt expense 24,969 23,940 Depreciation and amortization expense 117,527 116,280 Operating income 398,680 383,148 Interest expense, net 17,412 22,480 Income before income taxes 381,268 360,66
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