at beginning of period 6,323 7,339
Unrestricted cash and cash equivalents,
at end of period $7,195 $6,323
SPHERIS INC.
Supplemental Financial Information
(Amounts in Thousands)
(Unaudited)
Three Months ended December 31, Year ended December 31,
2007 2006 2007 2006
Net loss $(3,833) $(3,382) $(11,361) $(12,150)
Depreciation and
amortization 6,101 6,840 24,273 26,553
Loss on refinance of debt - - 1,828 -
Interest expense, net 5,038 5,487 21,171 21,136
Other expense (income) 1,240 (261) 1,570 (401)
Benefit from income taxes (1,218) (587) (5,856) (4,483)
EBITDA $7,328 $8,097 $31,625 $30,655
Note to Supplemental Financial Information
Earnings before interest expense, income taxes, depreciation and
amortization, or EBITDA, is a financial measure not computed in accordance
with United States generally accepted accounting principles, or GAAP. The
Company believes that this non-GAAP measure, when presented in conjunction
with the comparable GAAP measure, is useful to both management and
investors in analyzing the Company's ongoing business and operating
performance. The Company believes that providing the non-GAAP information
to investors, in addition to the GAAP presentation, allows investors to
view the Company's financial results in the way management and the
Company's senior lenders view the Company's operating results. Management
believes EBITDA is useful as a supplemental
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