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Chindex International, Inc. Reports Financial Results for the Second Quarter and First Half of 2011
Date:8/8/2011

n exchange rate changes on cash and cash equivalents2631,761Net increase in cash and cash equivalents6,57618,346Cash and cash equivalents at beginning of year32,00723,760Cash and cash equivalents at end of year

$

38,583

$

42,106Supplemental disclosures of cash flow information:Cash paid for interest

$

-

$

641Cash paid for taxes

$

2,973

$

4,770Non-cash investing and financing activities consist of the following:Property and equipment additions included in accounts payable

$

100

$

808Cashless exercise of warrants at fair value

$

-

$

800Exercise of warrants at fair value

$

-

$

(201)The table below reconciles the Company's consolidated net income to Adjusted EBITDA (in thousands).Three Months Ended June 30,Six Months Ended June 30,2011201020112010Consolidated net income

$2,943

$836

$1,713

$1,351Adjustments:Depreciation and amortization

1,057

927

2,194

1,807Provision for income taxes

1,275

1,012

2,062

1,803Interest expense

78

208

181

407Interest and other incomes/expense, net

(193)

(161)

(293)

(533)Development, pre-opening and start-up expense

1,249

388

2,047

801Equity in earnings (loss) of unconsolidated affiliate

(729)

-

(582)

-Non-recurring charges for CML JV formation

-

-

400

-Effect of change in corporate cost allocations

325

-

650

-3,062

2,374

6,659

4,285Adjustments to exclude Medical Products Division:Medical Products revenue

-

(16,739)

-

(36,827)Medical Products cost of products sold

-

11,644

-

26,197Medical Products selling and operat
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SOURCE Chindex International, Inc.
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