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MedQuist Reports Second Quarter 2008 Results
Date:8/8/2008

37,553 37,497 37,544 37,499

MedQuist Inc. and Subsidiaries

Consolidated Balance Sheets

(In thousands)

Unaudited

June 30, December 31,

2008 2007

Assets

Current assets:

Cash and cash equivalents $151,095 $161,582

Accounts receivable, net of allowance of

$4,417 and $4,359, respectively 48,215 48,725

Income tax receivable 716 815

Other current assets 8,757 7,920

Total current assets 208,783 219,042

Property and equipment, net of accumulated

depreciation of $38,825 and $38,772,

respectively 18,920 21,366

Goodwill 125,418 125,505

Other intangible assets, net of accumulated

amortization of $44,610 and $45,209,

respectively 41,363 42,262

Deferred income taxes 2,722 2,712

Other assets 6,117 6,885

Total assets $403,323 $417,772

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable $11,137 $12,754

Accrued expenses 13,501 18,989

Accrued compensation 14,495 14,826

Customer accommodation and quantification 12,242 18,459

Deferred income tax liabilit
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SOURCE MedQuist, Inc.
Copyright©2008 PR Newswire.
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