Mid-Atlantic Home Health Network, Inc. (MAHN)

MAHN Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2001	FY 2000	FY 1999	FY 1998	FY 1997
Period Ending	Sep 30, 2002	Dec 31, 2001	Dec 31, 2000	Dec 31, 1999	Dec 31, 1998	Dec 31, 1997
Revenue	27	28.34	28.24	18.98	14.7	13.74
Revenue Growth (YoY)	-9.63%	0.33%	48.77%	29.16%	6.97%	-3.70%
Cost of Revenue	21.43	22.03	21.7	14.4	10.87	10.07
Gross Profit	5.58	6.31	6.54	4.58	3.82	3.67
Selling, General & Admin	4.61	5.41	4.91	3.49	3.41	3.02
Amortization of Goodwill & Intangibles	0.09	0.09	0.09	0.05	0.07	0.15
Operating Expenses	4.71	5.5	4.99	3.55	3.48	3.17
Operating Income	0.87	0.81	1.55	1.03	0.34	0.5
Interest Expense	-0.76	-0.79	-0.7	-0.42	-0.33	-0.26
Pretax Income	0.1	0.02	0.84	0.61	0.01	0.23
Income Tax Expense	0.08	0.06	0.33	0.18	-	0.06
Net Income	0.03	-0.04	0.51	0.43	0.01	0.18
Preferred Dividends & Other Adjustments	0	0	0	0	0	0
Net Income to Common	0.03	-0.04	0.51	0.43	0.01	0.17
Net Income Growth	-55.89%	-	20.00%	5339.61%	-95.54%	-15.71%
Shares Outstanding (Basic)	12	12	13	14	13	17
Shares Outstanding (Diluted)	12	12	13	14	13	17
Shares Change (YoY)	-9.56%	-5.12%	-9.95%	12.26%	-27.68%	67.66%
EPS (Basic)	0.00	-0.00	0.04	0.03	0.00	0.01
EPS (Diluted)	0.00	-0.00	0.04	0.03	0.00	0.01
EPS Growth	-52.50%	-	33.33%	5614.29%	-94.75%	-50.00%
Free Cash Flow	0.33	1.26	-0.84	-0.64	-0.45	0.42
Free Cash Flow Per Share	0.03	0.10	-0.07	-0.04	-0.04	0.02
Gross Margin	20.66%	22.26%	23.17%	24.13%	26.02%	26.70%
Operating Margin	3.21%	2.85%	5.48%	5.44%	2.33%	3.63%
Profit Margin	0.09%	-0.13%	1.81%	2.24%	0.04%	1.27%
Free Cash Flow Margin	1.23%	4.43%	-2.99%	-3.38%	-3.07%	3.03%
EBITDA	0.94	0.99	1.65	1.1	0.43	0.64
EBITDA Margin	3.48%	3.50%	5.85%	5.81%	2.92%	4.69%
D&A For EBITDA	0.07	0.18	0.1	0.07	0.09	0.15
EBIT	0.87	0.81	1.55	1.03	0.34	0.5
EBIT Margin	3.21%	2.85%	5.48%	5.44%	2.33%	3.63%
Effective Tax Rate	74.21%	277.49%	39.42%	30.01%	-	24.96%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.