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Providence Service Corporation Announces 187% Revenue Increase in First Quarter of 2008
Date:5/7/2008

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Income before income taxes 6,020 5,578

Provision for income taxes 2,316 2,259

Net income $3,704 $3,319

Earnings (loss) per common share:

Basic $0.30 $0.28

Diluted $0.29 $0.28

Weighted-average number of common shares

outstanding:

Basic 12,240,299 11,852,759

Diluted 12,452,041 11,983,421

The Providence Service Corporation

Consolidated Balance Sheets

(in thousands except share and per share data)

March 31, December 31,

2008 2007

Assets (Unaudited) (Audited)

Current assets:

Cash and cash equivalents $49,196 $35,379

Accounts receivable-billed, net of allowance

of $2.6 million 68,034 65,852

Accounts receivable - unbilled 2,149 2,250

Management fee receivable 10,460 10,166

Other receivables 1,706 2,524

Notes receivable 567 563

Notes receivable from related party 44 1,734

Restricted cash 7,071 8,842

Prepaid expenses and other 8,732 9,554

Deferred tax assets 3,247 5,094

Total current assets
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SOURCE The Providence Service Corporation
Copyright©2008 PR Newswire.
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1. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
2. Providence Service Corporation Announces 35% Revenue Growth with Third Quarter Results; Increases Revenue Guidance for 2007
3. Providence Service Corporation Completes Private Placement of $70 Million of Convertible Senior Subordinated Notes
4. Providence Service Corporation Signs Definitive Agreement to Acquire LogistiCare, the Nations Leading Case Management Provider Coordinating Non-Emergency Transportation Services for the Medicaid Population
5. LogistiCare, a Subsidiary of Providence Service Corp., Opens Phoenix Call Center to Support Expanding Commercial Client Base
6. Providence Service Corporation to Present at the 2008 UBS Global Healthcare Services Conference on February 11
7. Providence Health & Services - Oregon Region Powers Consumer Portal With Kryptiq Connect IQ
8. Providence Service Corporation to Report Fourth Quarter 2007 Results on Wednesday, March 12th After the Market Closes
9. Providence Service Corporation and UnitedHealth Group Affiliate, OptumHealth Behavioral Solutions, Enter Into Strategic Relationship Agreement
10. Providence Service Corporation Announces Fourth Quarter 2007 Revenue and Earnings Above Forecast; Issues First Quarter 2008 Guidance
11. Providence Service Corporation Announces Intent to File a Common Stock Shelf Registration Statement
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