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Select Medical Holdings Corporation Announces Results for Fourth Quarter and Year Ended December 31, 2009
Date:2/18/2010

9% Less: Net income attributable to non- controlling interests 1,290 1,388 7.6% ----- ----- --- Net income attributable to Select Medical Holdings Corporation 8,811 29,911 239.5% Less: Preferred dividends 6,403 - N/M ----- --- --- Net income available to common stockholders and participating securities $2,408 $29,911 N/M ====== ======= === Income per common share: Basic $0.04 $0.19 375.0% Diluted $0.04 $0.19 375.0% N/M = Not Meaningful
    
    
    
    II. Condensed Consolidated Statements of Operations
    (In thousands, except per share amounts)
    (unaudited)
    For the Year Ended December 31, 2008 and 2009
    
                                                                   %
                                            2008        2009     Change
                                            ----        ----     ------
    Net operating revenues            $2,153,362  $2,239,871       4.0%
    
    Costs and expenses:
      Cost of services                 1,791,841   1,819,771       1.6%
      General and administrative          45,523      72,409      59.1%
      Bad debt expense                    47,804      40,872    (14.5)%
      Depreciation and amortization       71,786      70,981     (1.1)%
                                          ------      ------     -----
    
    Income from operations               196,408     235,838      20.1%
    
    Gain on early retirement of debt         912      13,575       N/M
    Other expense                       
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SOURCE Select Medical Holdings Corporation
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