USPH FY 2008 Earnings Report — U.S. Physical Therapy, Inc. Revenue & Financial Results | Market Cap Arena

U.S. Physical Therapy, Inc.USPH

FY 2008 Earnings

Reported March 12, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$188M	—	—	—	—
Op. Income	$24M	—	—	—	—
Gross Margin	25.4%	—	—	—	—
Net Margin	5.3%	—	—	—	—
EPS (Diluted)	$0.83	—	—	—	—
Free Cash Flow	$26M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$188M
Cost of Revenue	$140M
GROSS PROFIT	$48M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$164M
OPERATING INCOME	$24M
Interest Income	$260.0K
Interest Expense	$542.0K
Other Income/Expenses	-$282.0K
INCOME BEFORE TAX	$17M
Income Tax Expense	$7M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$6M
EBIT	$24M
EBITDA	$30M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$188M
Cost of Revenue	$140M
GROSS PROFIT	$48M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$164M
OPERATING INCOME	$24M
Interest Income	$260.0K
Interest Expense	$542.0K
Other Income/Expenses	-$282.0K
INCOME BEFORE TAX	$17M
Income Tax Expense	$7M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$6M
EBIT	$24M
EBITDA	$30M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$6M
Stock-Based Compensation	$2M
Deferred Income Tax	$2M
Other Non-Cash Items	$10M
Change in Working Capital	$772.0K
OPERATING CASH FLOW	$30M
Capital Expenditure	-$4M
Acquisitions (Net)	-$21M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$108.0K
NET CASH FROM INVESTING	-$25M
Net Debt Issuance	$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	$128.0K
NET CASH FROM FINANCING	-$3M
FREE CASH FLOW	$26M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$27M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$39M
PP&E (Net)	$16M
Goodwill	$56M
Intangible Assets	$6M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$80M
TOTAL ASSETS	$118M
Account Payables	$1M
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$5M
TOTAL CURRENT LIABILITIES	$15M
Long-Term Debt	$12M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$16M
TOTAL LIABILITIES	$30M
Common Stock	$142.0K
Additional Paid-In Capital	$44M
Retained Earnings	$69M
Treasury Stock	-$32M
Accum. Other Comp. Income	-$33M
Other Equity	$33M
TOTAL STOCKHOLDERS' EQUITY	$82M
Minority Interest	$6M
TOTAL EQUITY	$88M
TOTAL LIABILITIES & EQUITY	$118M
Total Debt	$14M
Net Debt	$4M