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SXC Health Solutions announces second quarter financial results

ings per


Basic 22,948,940 20,687,468 21,972,315 20,620,263

Diluted 23,558,446 21,751,463 22,510,153 21,646,475


Consolidated Statements of Cash Flows

(in thousands of U.S. dollars)

Three months ended Six months ended

June 30, June 30,

2008 2007 2008 2007

----------- ----------- ----------- -----------

(unaudited) (unaudited)

Cash flows from operating


Net income $ 3,267 $ 2,955 $ 6,624 $ 6,689

Items not involving

cash, net of effects

from acquisition:


compensation 1,325 747 2,104 1,150

Depreciation of

property and

equipment 1,881 961 3,046 1,900

Amortization of

intangible assets 2,432 396 2,828 792

Deferred lease

inducements and rent (43) 197 (107) 385

Loss on disposal of

property and

equipment - 133

Deferred income taxes (71) (111) 196 270

Gain on foreign

exchange (35) (122) (21) (135)

Changes in operating

assets and liabilities,

net of effects from


Accounts receivable 11,618 1,235 12,828 (176)

Rebates receivable 1,153 - 1,153 -


SOURCE SXC Health Solutions Inc.
Copyright©2008 PR Newswire.
All rights reserved

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