MedCath Corporation Reports Third Quarte...(CONSOLIDATED STATEMENTS OF OPERATIONS ...),Health

Date:8/5/2009

CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended Nine Months Ended June 30, June 30, -------- -------- 2009 2008 2009 2008 ---- ---- ---- ---- Net revenue $150,904 $154,273 $462,874 $455,168 Operating expenses: Personnel expense 50,862 50,520 153,644 150,060 Medical supplies expense 44,995 42,757 131,457 123,155 Bad debt expense 12,547 10,235 34,558 31,852 Other operating expenses 31,441 29,555 96,022 88,996 Pre-opening expenses 754 149 1,340 643 Depreciation 7,858 7,505 23,258 22,535 Amortization 230 149 589 411 (Gain) loss on disposal of property, equipment and other assets (26) 225 138 391 --- --- --- --- Total operating expenses 148,661 141,095 441,006 418,043 ------- ------- ------- ------- Income from operations 2,243 13,178 21,868 37,125 Other income (expenses): Interest expense (1,151) (3,862) (5,339) (11,658) Loss on early extinguishment of debt - - (6,702) - Interest and other income 52 284 218 1,930
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SOURCE MedCath Corporation Copyright©2009 PR Newswire. All rights reserved

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