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BioScrip Reports First Quarter 2013 Financial Results
Date:5/8/2013

from continuing operations

$
(0.13)$
(0.04)Basic income (loss) from discontinued operations

$
(0.01)$
(0.01)Basic income (loss)

$
(0.14)$
(0.05)Diluted loss from continuing operations

$
(0.13)$
(0.04)Diluted  income (loss) from discontinued operations

$
(0.01)$
(0.01)Diluted income (loss)

$
(0.14)$
(0.05)Schedule 3BIOSCRIP, INCCONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)Three Months Ended March 31,20132012Cash flows from operating activities:Net income (loss)

$
(8,128)$
(2,703)Less: Income from discontinued operations, net of income taxes

(658)(680)Loss from continuing operations, net of income taxes

(7,470)(2,023)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Depreciation

2,4591,931Amortization of intangibles

2,082879Amortization of deferred financing costs

356284Change in deferred income tax

457(300)Compensation under stock-based compensation plans

1,973966Loss on disposal of fixed assets

1323Changes in assets and liabilities, net of acquired business:Receivables, net of bad debt expense

(16,526)(16,761)Inventory

13,1994,215Prepaid expenses and other assets

4,7874,238Accounts payable

(2,822)5,587Claims payable

187(6,598)Amounts due to plan sponsors

(4,140)(874)Accrued expenses and other liabilities

(6,745)4,557Net cash provided by (used in) operating activities from continuing operations

$
(12,190)$
(3,876)Net cash provided by (used in) operating activities from discontinued operations

(658)6,401Net cash provided by (used in) operating activities

$
(12,848)$
2,525Cash flows from investing activities:Purchases of property and equipment, net

$
(3,655)$
(1,547)Cash consideration paid for asset acquisitions


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SOURCE BioScrip, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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