3Q1999 Results, Part 2 (Numbers)--
LINCARE HOLDINGS INC.
Financial Summary
(Unaudited)
(In thousands, except share and per share data)
For the three months ended
September 30, September 30,
1999 1998
Net revenues $150,247 $125,691
Costs and expenses:
Costs of goods & services 23,124 18,998
Operating expenses 33,875 28,160
Selling, general and
administrative expenses 33,144 27,568
Bad debt expense 1,803 1,508
Depreciation expense 10,710 8,845
Amortization expense 4,091 3,328
Operating income 43,500 37,284
Other expense (1,460) (440)
Income before income taxes 42,040 36,844
Income taxes 16,019 14,111
Net income $26,021 $22,733
Basic earnings
per common share $0.46 $0.39
Diluted earnings
per common share $0.45 $0.38
Weighted average number of
common shares outstanding 57,067,880 58,104,111
Weighted average number of
common shares & common share
equivalents outstanding 58,291,293 59,355,421
For the nine months ended
September 30, September 30,
1999 1998
Net revenues $429,353 $357,113
Costs and expenses:
Costs of goods & services 66,753 55,698
Operating expenses 97,278 82,444
Selling, general and
administrative expenses 94,867 79,686
Bad debt expense 5,152 4,285
Depreciation expense 30,560 25,420
Amortization expense 11,858 9,279
Operating income 122,885 100,301
Other expense (2,796) (406)
Income before income taxes 120,089 99,895
Income taxes 45,755 38,260
Net income $74,334 $61,635
Basic earnings
per common share $1.28 $1.06
Diluted earnings
per common share $1.26 $1.04
Weighted average number of
common shares outstanding 57,910,187 57,887,913
Weighted average number of
common shares & common share
equivalents outstanding 58,893,187 59,391,985
SOURCE: Lincare Holdings Inc.
CONTACT: Paul G. Gabos of Lincare, 727-530-7700 |
