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

N/M Interest income 182 80 (56.0)% Interest expense (56,008) (50,822) (9.3)% ---------- ---------- ------ Income from operations before income taxes 44,437 99,209 123.3% Income tax expense 19,202 40,575 111.3% ---------- ---------- ------ Net income 25,235 58,634 132.4% Less: Net income attributable to non-controlling interests 1,071 1,412 31.8% ---------- ---------- ------ Net income attributable to Select Medical Corporation $24,164 $57,222 136.8% ========== ========== ====== N/M = Not Meaningful III. Condensed Consolidated Balance Sheets (In thousands) (unaudited) December 31, June 30, 2008 2009 ----------- ---------- ASSETS Cash $64,260 $27,689 Accounts receivable, net 312,418 339,615 Current deferred tax asset 48,594 51,316 Prepaid income taxes 7,362 - Other current assets 20,897 21,776 ----------- ---------- Total Current Assets 453,531 440,396 Property and equipment, net 471,065 460,420 Goodwill 1,506,661 1,506,661 Other identifiable intangibles 74,078 69,663 Assets held for sale 12,542 11,342 Other assets
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SOURCE Select Medical Corporation
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