v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue:        
Patient transport revenue, net of provision for contractual discounts (note 4) $ 298,046 $ 258,898 $ 548,642 $ 452,722
Provision for uncompensated care (note 4) (126,673) (109,955) (233,340) (195,947)
Patient transport revenue, net 171,373 148,943 315,302 256,775
Air medical services contract revenue 45,790 54,535 90,551 108,993
Tourism and charter revenue 31,430 15,992 55,768 26,383
Medical interiors and products revenue 7,404 4,976 15,224 9,410
Dispatch and billing service revenue 2,474 1,759 4,762 3,873
Total revenue 258,471 226,205 481,607 405,434
Operating expenses:        
Flight centers 87,365 84,291 175,771 169,443
Aircraft operations 32,715 40,490 65,739 77,953
Tourism operating expenses 19,476 12,160 35,476 20,001
Cost of medical interiors and products sold 6,538 4,411 13,217 8,956
Cost of dispatch and billing services 2,395 1,700 4,924 3,000
Depreciation and amortization 20,273 19,887 40,789 40,009
Loss (gain) on disposition of assets, net 806 (233) 1,213 208
General and administrative 36,131 27,067 67,789 54,290
Operating expense 205,699 189,773 404,918 373,860
Operating income 52,772 36,432 76,689 31,574
Other income (expense):        
Interest expense (5,569) (5,177) (11,098) (9,979)
Other, net 292 328 266 615
Income before income taxes 47,495 31,583 65,857 22,210
Income tax expense (18,571) (12,434) (25,881) (8,750)
Net income 28,924 19,149 39,976 13,460
Less net income attributable to redeemable non-controlling interests 134   297  
Net income attributable to Air Methods Corporation and subsidiaries 28,790 19,149 39,679 13,460
Other comprehensive income, net of income taxes:        
Foreign currency translation adjustments 111   46  
Comprehensive income $ 28,901 $ 19,149 $ 39,725 $ 13,460
Basic income per common share (note 5) (in dollars per share) $ 0.73 $ 0.49 $ 1.01 $ 0.35
Diluted income per common share (note 5) (in dollars per share) $ 0.73 $ 0.49 $ 1.01 $ 0.34
Weighted average number of common shares outstanding - basic (in shares) 39,151,012 38,882,681 39,135,292 38,857,034
Weighted average number of common shares outstanding - diluted (in shares) 39,318,480 39,136,155 39,314,872 39,140,492