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Spheris Reports Fourth Quarter and Year-End 2007 Results

Date:3/26/2008

5,838

Total current liabilities 26,726 26,233

Long-term debt and capital lease

obligations, net of current portion 191,761 193,942

Deferred tax liabilities 92 6,180

Other long-term liabilities 4,857 2,755

Total liabilities 223,436 229,110

Common stock, $0.01 par value, 100 shares

authorized, 10 shares issued and

outstanding - -

Other comprehensive income (loss) 564 (474)

Contributed capital 111,158 110,787

Accumulated deficit (35,036) (23,675)

Total stockholders' equity 76,686 86,638

Total liabilities and stockholders' equity $300,122 $315,748

SPHERIS INC.

Condensed Consolidated Statements of Cash Flows

(Amounts in Thousands)

Year Ended December 31,

2007 2006

Cash flows from operating activities:

Net loss $(11,361) $(12,150)

Adjustments to reconcile net loss to net cash

provided by operating activities:

Depreciation and amortization 24,273 26,553

Write-off and amortization of acquired

technology 648 736

Deferred taxes (6,435) (5,489)

Amortization of debt discounts and

issuance costs 833 756

Loss on debt refinancing 1,8
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SOURCE Spheris
Copyright©2008 PR Newswire.
All rights reserved

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Spheris Reports Fourth Quarter and Year-End 20...(5838 Total current liabilities ...),Health