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Providence Service Corporation Releases Fourth Quarter and Audited Year End 2008 Results
Date:3/27/2009

ted Statements of Cash Flows (in thousands) Year ended December 31, 2008 2007 Operating activities Net (loss) income $(155,605) $14,389 Adjustments to reconcile net (loss) income to net cash provided by operating activities: Depreciation 4,505 1,578 Amortization 8,216 3,411 Amortization of deferred financing costs 2,698 291 Provision for doubtful accounts 4,084 702 Deferred income taxes (14,553) (502) Stock based compensation 8,760 2,407 Excess tax benefit upon exercise of stock options (185) (680) Asset impairment charge 169,930 - Other 28 100 Changes in operating assets and liabilities, net of effects of acquisitions: Billed and unbilled accounts receivable, net (9,277) (945) Management fee receivable (2,364) (3,595) Other receivable (417) (157) Restricted cash (214) - Reinsurance liability reserve 2,621 1,166 Prepaid expenses and other (5,828) (823) Accounts payable and accrued expenses (6,681) 9,146 Accrued transportation costs 7,475 (6,293) Deferred revenue (702
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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
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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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