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Select Medical Holdings Corporation Announces Results for Third Quarter Ended September 30, 2009
Date:11/5/2009

restricted stock that vested in connection with the Company's initial public offering. II. Condensed Consolidated Statements of Operations (In thousands, except per share amounts) (unaudited) For the Nine Months Ended September 30, 2008 and 2009 % 2008 2009 Change ---- ---- ------ Net operating revenues $1,606,263 $1,666,328 3.7% Costs and expenses: Cost of services 1,343,022 1,353,107 0.8% General and administrative (a) 35,843 60,278 68.2% Bad debt expense 35,300 33,678 (4.6)% Depreciation and amortization 53,175 53,346 0.3% ------ ------ --- Income from operations 138,923 165,919 19.4% Gain on early retirement of debt - 16,445 N/M Interest income 275 82 (70.2)% Interest expense (109,603) (101,781) (7.1)% --------- -------- ----- Income from operations before income taxes 29,595 80,665 172.6% Income tax expense 13,862 33,076 138.6% ------ ------ ----- Net income 15,733 47,589 202.5% Less: Net income attributable to non-controlling interests 2,103 2,218 5.5% ----- ----- --- Net income attributable to Select Medical Holdings
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