EX-99.2 3 dex992.htm RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES Reconciliations of Non-GAAP Financial Measures to GAAP Financial Measures

EXHIBIT 99.2

Amedisys, Inc.

Reconciliation of Non-GAAP Financial Measurements to GAAP Financial Statements

(In thousands)

 

      Full Year
      2006    2005    2004     2003

Net income

    $ 38,255    $ 30,102    $ 20,504     $ 8,407

Add:

           

Provision for Income Taxes

      23,642      18,638      12,855       5,220

Interest expense, net

      3,710      1,468      (40 )     1,202

Depreciation and amortization

      10,106      6,973      4,126       3,072
                            

Earnings before interest, taxes, depreciation, and amortization (“EBITDA”)1

    $ 75,713    $ 57,181    $ 37,445     $ 17,901
                            

 

      Three Months ended
March 31, 2007		  

Net income

    $ 13,265  

Add:

   

Provision for Income Taxes

      8,445  

Interest expense, net

      (863 )

Depreciation and amortization

      2,741  
        

EBITDA1

    $ 23,588  
        

 

      Three Months ended   

Full Year

2006

      March 31, 2006     June 30, 2006     September 30, 2006    December 31, 2006   

Net income

    $ 7,284     $ 9,053     $ 10,559    $ 11,359    $ 38,255

Add:

             

Provision for Income Taxes

      4,618       5,739       6,695      6,590      23,642

Interest expense, net

      918       902       664      1,226      3,710

Depreciation and amortization

      2,373       2,477       2,487      2,769      10,106
                                    

EBITDA1

    $ 15,193     $ 18,171     $ 20,405    $ 21,944    $ 75,713
                                    
      Three Months ended   

Full Year

2005

      March 31, 2005     June 30, 2005     September 30, 2005    December 31, 2005   

Net income

    $ 7,110     $ 7,930     $ 7,760    $ 7,302    $ 30,102

Add:

             

Provision for Income Taxes

      4,623       5,156       5,045      3,814      18,638

Interest expense, net

      (236 )     (377 )     1,297      784      1,468

Depreciation and amortization

      1,332       1,530       2,122      1,989      6,973
                                    

EBITDA1

    $ 12,829     $ 14,239     $ 16,224    $ 13,889    $ 57,181
                                    

 

1

Earnings before interest, taxes, depreciation, and amortization (“EBITDA”) is defined as net income before provision for income taxes, net interest expense, and depreciation and amortization. EBITDA should not be considered as an alternative to, or more meaningful than, income before income taxes, cash flow from operating activities, or other traditional indicators of operating performance. Rather, EBITDA is presented because it is a widely accepted supplemental financial measure that the Company believes provides relevant and useful information. This calculation of EBITDA may not be comparable to a similarly titled measure reported by other companies, since not all companies calculate this non-GAAP measure in the same manner.