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MedCath Corporation Reports First Quarter Earnings
Date:2/7/2008
erization labs during the period.
(l) Inpatient surgical procedures represent the number of surgical
procedures performed on inpatients during the period.
MEDCATH CORPORATION
SUPPLEMENTAL FINANCIAL DISCLOSURE -- RECONCILIATION OF GAAP FINANCIAL
MEASURES TO NON-GAAP FINANCIAL MEASURES
(Unaudited)
The following table reconciles Adjusted EBITDA with MedCath's income
from continuing operations as derived directly from MedCath's consolidated
financial statements for the three months ended December 31, 2007 and 2006.
Three Months Ended December 31,
2007 2006
(in thousands)
Income from continuing operations $3,255 $254
Add:
Income tax expense 2,595 221
Minority interest share of earnings
of consolidated subsidiaries 4,736 2,480
Equity in net earnings of
unconsolidated affiliates (2,025) (1,438)
Interest and other income, net (1,172) (2,725)
Loss on early extinguishment of debt - 4,480
Interest expense 4,032 7,458
Loss on disposal of property,
equipment and other assets 28 57
Amortization 127 252
Depreciation 7,960 8,869
Pre-opening expenses 248 -
Share-based compensation expense 3,709 1,026
Adjusted EBITDA $23,493 $20,934
The following table presents MedCath's condensed statement of
operations data fo
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| SOURCE MedCath Corporation Copyright©2008 PR Newswire. All rights reserved |
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