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Addus HomeCare Reports Third Quarter 2010 Results
Date:11/4/2010

$
.14$
.40$
.43$
.04Weighted average number of common shares outstanding:Basic

10,6811,01910,5611,019Diluted

10,6815,16210,5615,167Condensed Consolidated Balance Sheets(Amounts in thousands)(Unaudited)September 30, 2010December 31, 2009AssetsCurrent assetsCash

$
2$
518Accounts receivable, net

75,71270,491Prepaid expenses and other current assets

8,7196,937Deferred tax assets

6,4595,700Income taxes receivable

93732Total current assets

91,59584,378Property and equipment, net

3,1513,133Other assetsGoodwill

63,70259,482Intangible assets, net

14,42313,082Deferred tax assets

64509Other assets

764731Total other assets

78,95373,804Total assets

$
73,699$
,315Liabilities and stockholders' equityCurrent liabilitiesAccounts payable

$
4,600$
3,763Accrued expenses

28,87125,557Current maturities of long-term debt

6,3697,388Deferred revenue

2,1082,189Total current liabilities

41,94838,897Long-term debt, less current maturities

44,15241,851Other long-term liabilities

1,103-Total stockholders' equity

86,49680,567Total liabilities and stockholders' equity

$
73,699$
,315ADDUS HOMECARE CORPORATION AND SUBSIDIARIESCondensed Consolidated Statements of Cash Flows(Amounts in thousands) (Unaudited)For the Nine Months EndedSeptember 30, 2010September 30, 2009Net Income

$
4,491$
5,386Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation and amortization

2,9553,678Deferred income taxes

-(249)Change in fair value of financial instrument

(191)(395)Stock-based compensation

197212Amortization of debt issuance costs

118530Provision for doubtful accounts

3,1582,097Changes in operating assets and liabilities:Accounts receivable

(8,379)(15,366)Prepaid expenses and other assets

(1,782)(1,830)
'/>"/>

SOURCE Addus HomeCare Corporation
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