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MedQuist Reports Fourth Quarter and Year End 2008 Results
Date:3/11/2009

98,499 219,042 Property and equipment, net 15,785 21,366 Goodwill 40,545 125,505 Other intangible assets, net 39,877 42,262 Deferred income taxes 1,204 2,712 Other assets 6,295 6,885 ----- ----- Total assets $202,205 $417,772 ======== ======== Liabilities and Shareholders' Equity Current liabilities: Accounts payable $7,487 $12,754 Accrued expenses 11,994 18,989 Accrued compensation 11,204 14,826 Customer accommodation 12,055 18,459 Deferred income taxes 651 4,783 Deferred revenue 15,630 16,023 ------ ------ Total current liabilities 59,021 85,834 Deferred income taxes 799 15,151 --- ------ Other non-current liabilities 2,033 2,143 ----- ----- Commitments and contingencies Shareholders' equity: Common stock - no par value; authorized 60,000 shares; 37556 and 37544 shares issued and outstanding, respectively 237,907 236,412 Retained earnings (deficit) (99,198) 72,876 Accumulated other comprehensive income 1,643 5,356 ----- ----- Total shareholders' equity 140,352 314,644
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