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MedQuist Reports Results for the Fourth Quarter and 2009
Date:3/12/2010

and shareholders' equity $174,661 $202,205 ======== ======== MedQuist Inc. and Subsidiaries Consolidated Statements of Cash Flows (In thousands) Unaudited For the year ended December 31, 2009 2008 ---- ---- Operating activities: Net income (loss) $23,291 $(68,795) Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: Depreciation and amortization 15,672 17,504 Equity in income of affiliated company (2,015) (236) Goodwill impairment charge - 82,233 Deferred income taxes 1,857 (17,091) Stock option expense 193 1,427 Provision for doubtful accounts 2,306 3,073 Loss on disposal of property and equipment 133 571 Changes in operating assets and liabilities: Accounts receivable 4,529 (5,781) Income tax receivable (616) 661 Other current assets 3
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