ENSG FY 2009 Earnings Report — The Ensign Group, Inc. Revenue & Financial Results | Market Cap Arena

The Ensign Group, Inc.ENSG

FY 2009 Earnings

Reported February 17, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$542M	—	$469M	—	15.5%
Op. Income	$59M	—	$49M	—	21.1%
Gross Margin	17.2%	—	16.6%	—	0.6pp
Net Margin	6.0%	—	5.9%	—	0.1pp
EPS (Diluted)	$0.78	—	$0.67	—	16.4%
Free Cash Flow	$24M	—	$27M	—	-9.1%

Revenue Flow

Item	Amount
REVENUE	$542M
Cost of Revenue	$449M
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$13M
Operating Expenses	$34M
Cost & Expenses	$483M
OPERATING INCOME	$59M
Interest Income	$279.0K
Interest Expense	$6M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$54M
Income Tax Expense	$21M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$13M
EBIT	$59M
EBITDA	$72M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$542M
Cost of Revenue	$449M
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$13M
Operating Expenses	$34M
Cost & Expenses	$483M
OPERATING INCOME	$59M
Interest Income	$279.0K
Interest Expense	$6M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$54M
Income Tax Expense	$21M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$13M
EBIT	$59M
EBITDA	$72M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$14M
Stock-Based Compensation	$2M
Deferred Income Tax	-$711.0K
Other Non-Cash Items	$5M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$46M
Capital Expenditure	-$22M
Acquisitions (Net)	-$51M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	$36M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	-$898.0K
NET CASH FROM FINANCING	$32M
FREE CASH FLOW	$24M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$39M
Short-Term Investments	$0
Net Receivables	$63M
Inventory	$0
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$117M
PP&E (Net)	$231M
Goodwill	$7M
Intangible Assets	$4M
Long-Term Investments	$21M
Tax Assets	$4M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$274M
TOTAL ASSETS	$391M
Account Payables	$15M
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$72M
Long-Term Debt	$107M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$132M
TOTAL LIABILITIES	$204M
Common Stock	$21.0K
Additional Paid-In Capital	$67M
Retained Earnings	$125M
Treasury Stock	-$4M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$188M
Minority Interest	$0
TOTAL EQUITY	$188M
TOTAL LIABILITIES & EQUITY	$391M
Total Debt	$109M
Net Debt	$71M