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The Ensign Group, Inc. Reports Fourth Quarter 2008 Earnings of $0.38 per Share; Issues 2009 Guidance
Date:2/18/2009

72 $411,318 Expense: Cost of services (exclusive of facility rent and depreciation and amortization shown separately below) 98,378 87,837 376,742 335,014 Facility rent-cost of services 3,703 4,164 14,932 16,675 General and administrative expense 5,389 4,307 20,017 15,945 Depreciation and amortization 2,513 1,962 9,026 6,966 ----- ----- ----- ----- Total expenses 109,983 98,270 420,717 374,600 Income from operations 13,964 10,709 48,655 36,718 Other income (expense): Interest expense (1,231) (1,206) (4,784) (4,844) Interest income 280 584 1,374 1,558 --- --- ----- ----- Other expense, net (951) (622) (3,410) (3,286) Income before provision for income taxes 13,013 10,087 45,245 33,432 Provision for income taxes 5,154 3,858 17,736 12,905 ----- ----- ------ ------ Net income $7,859 $6,229 $27,509 $20,527 ====== ====== ======= ======= Net income per share: Basic $0.38 $0.35 $1.34 $1.39 ===== ===== ===== ===== Diluted $0.38 $0.32 $1.33 $1.17 ===== ===== ===== ===== Weighted average common shares outstanding: Basic 20,546 17,566 20,520 14,497 ====== ====== ====== ====== Diluted 20,841 19,204 20,715
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SOURCE The Ensign Group, Inc.
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