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)

 

     Three Months ended  
     March 31, 2007     June 30, 2007  
    

Net income

    $ 13,265     $ 14,917  

Add:

     

Provision for Income Taxes

      8,445       9,347  

Interest expense, net

      (863 )     (1,025 )

Depreciation and amortization

      2,741       3,030  
                

EBITDA1

    $ 23,588     $ 26,269  
                

 

     Three Months ended    Full Year
     March 31, 2006    June 30, 2006    September 30, 2006    December 31, 2006    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
                                  

 

     Full Year
     2005

Net income

    $ 30,102

Add:

   

Provision for Income Taxes

      18,638

Interest expense, net

      1,468

Depreciation and amortization

      6,973
      

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

    $ 57,181
      

 

1

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. 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.

Amedisys, Inc.

Reconciliation of Non-GAAP Financial Measurements to GAAP Financial Statements

(In thousands)

Net debt / LTM EBITDA

 

     June 30, 2007  

Total Debt and capital lease obligations

    $ 15,301  

Less:

   

Cash and cash equivalents

      91,341  
        

Net debt

    $ (76,040 )
        

3Q 2006 EBITDA

    $ 20,405  

4Q 2006 EBITDA

      21,944  

1Q 2007 EBITDA

      23,588  

2Q 2007 EBITDA

      26,269  
        

Last Twelve Months EBITDA

    $ 92,206  
        

Net debt / LTM EBITDA

      N/A