(unaudited)
For the three months ended
December 31,
2007 2006
(In thousands)
Net revenues $551,071 $482,428
Provision for uncollectibles 237,517 195,686
Net revenues less provision for
uncollectibles 313,554 286,742
Cost of services rendered
Professional service expenses 247,462 218,490
Professional liability costs 13,792 13,146
Gross profit 52,300 55,106
General and administrative expenses 31,165 28,758
Management fee and other expenses 1,021 1,058
Depreciation and amortization 3,868 3,428
Interest expense, net 13,804 14,697
Earnings from continuing operations
before income taxes 2,442 7,165
Provision for income taxes 1,148 2,163
Earnings from continuing operations 1,294 5,002
Loss from discontinued operations
less applicable benefit from income
taxes of $48 and $61, respectively (77) (172)
Net earnings $1,217 $4,830
Team Finance LLC
Financial Highlights
Under the indenture governing the senior subordinated notes, the
Company's ability to engage in certain activities such as incurring certain
additional indebtedness,
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SOURCE Team Health Inc. Copyright©2008 PR Newswire. All rights reserved | |
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