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Select Medical Corporation Announces Results for Second Quarter Ended June 30, 2009
Date:8/13/2009

nse (27,773) (24,853) (10.5)% ------- -------- ------ Income from operations before income taxes 22,495 44,093 96.0% Income tax expense 9,123 18,207 99.6% ------- -------- ------ Net income 13,372 25,886 93.6% Less: Net income attributable to non-controlling interests 762 391 (48.7)% ------- -------- ------ Net income attributable to Select Medical Corporation $12,610 $25,495 102.2% ======= ======= ====== N/M = Not Meaningful II. Condensed Consolidated Statements of Operations (In thousands) (unaudited) For the Six Months Ended June 30, 2008 and 2009 % 2008 2009 Change ---------- ---------- ------ Net operating revenues $1,087,084 $1,120,707 3.1% Costs and expenses: Cost of services 901,627 904,405 0.3% General and administrative 24,305 25,660 5.6% Bad debt expense 23,060 21,958 (4.8)% Depreciation and amortization 35,327 35,670 1.0% ---------- ---------- ------ Income from operations 102,765 133,014 29.4% Gain on early retirement of debt - 15,316 N/M Other income (expense) (2,502) 1,621
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