Sun Healthcare Group, Inc.

(NASDAQ:SUNH)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	80,433	68,369	62,882	55,832
Restricted Cash	33,464	34,850	37,926	37,365
Marketable Securities	—	—	—	—
Accounts Receivable	197,221	201,587	201,082	188,882
Loans Receivable	—	—	—	—
Other Receivable	—	—	1,256	1,635
Receivables	197,221	201,587	202,338	190,517
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	—	—	—	—
Prepaid Expenses	22,195	28,902	16,206	11,655
Current Deferred Income Taxes	31,387	33,268	36,579	35,354
Other Current Assets	3,651	4,218	10,727	9,924
Total Current Assets	368,351	371,194	366,658	340,647
Land and Improvements	—	—	—	75,163
Building and Improvements	—	—	—	489,077
Machinery Furniture and Equipment	—	—	—	88,045
Construction in Progress	—	—	—	10,715
Other Fixed Assets	674,401	673,587	669,245	—
Total Fixed Assets	674,401	673,587	669,245	663,000
Gross Fixed Assets	674,401	673,587	669,245	663,000
Accumulated Depreciation and Depletion	77,028	86,155	86,155	77,028
Net Fixed Assets	597,373	587,432	583,090	585,972
Intangibles	52,899	54,640	55,347	57,044
Cost in Excess	331,112	324,277	324,277	324,277
Non Current Deferred Income Taxes	42,312	45,707	48,838	51,892
Other Non Current Assets	9,407	9,598	9,738	13,994
Total Non Current Assets	1,033,103	1,021,654	1,021,290	1,033,179
Total Assets	1,401,454	1,392,848	1,387,948	1,373,826
Liabilities
Current Liabilities
Accounts Payable	48,457	51,379	51,246	52,836
Notes Payable	—	—	—	—
Short Term Debt	12,088	11,654	31,824	29,305
Accrued Expenses	—	—	—	—
Accrued Liabilities	170,673	166,363	178,935	168,604
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	2,782	4,005	6,891	6,181
Total Current Liabilities	234,000	233,401	268,896	256,926
Non Current Liabilities
Long Term Debt	715,923	717,963	694,456	699,120
Capital Lease Obligations	16,372	17,282	—	843
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	155,307	156,398	169,639	170,211
Minority Interest Liabilities	1,289	1,167	577	470
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	1,122,891	1,126,211	1,133,568	1,127,570
Total Liabilities	888,891	892,810	864,672	870,644
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	278,563	266,637	254,380	246,256
Common Par	435	432	430	430
Additional Paid in Capital	605,966	602,457	601,467	600,199
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-325,104	-333,708	-343,393	-351,970
Treasury Stock	—	—	—	—
Other Equity Adjustments	-2,734	-2,544	-4,124	-2,403
Total Capitalization	994,486	984,600	948,836	945,376
Cash Flow	99,207	94,549	98,122	87,996
Working Capital	134,351	137,793	97,762	83,721
Free Cash Flow	24,830	13,642	6,541	-318,067
Invested Capital	1,010,858	1,001,882	948,836	946,219
Total Equity	278,563	266,637	254,380	246,256
Total Liabilities and Stock Equity	1,401,454	1,392,848	1,387,948	1,373,826

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	55,832	131,935	16,641	22,596
Restricted Cash	37,365	32,752	25,142	—
Marketable Securities	—	—	—	—
Accounts Receivable	188,882	117,091	123,639	95,829
Loans Receivable	—	—	—	—
Other Receivable	1,635	2,211	2,429	2,616
Receivables	190,517	119,302	126,068	98,445
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	—	4,808	5,055	3,514
Inventories Adjustments and Allowances	—	—	—	—
Inventories	—	4,808	5,055	3,514
Prepaid Expenses	11,655	3,305	6,414	3,232
Current Deferred Income Taxes	35,354	—	—	—
Other Current Assets	9,924	7,172	1,897	31,385
Total Current Assets	340,647	299,274	181,217	159,172
Land and Improvements	75,163	26,002	17,979	10,527
Building and Improvements	489,077	188,865	191,836	93,200
Machinery Furniture and Equipment	88,045	45,830	51,471	28,850
Construction in Progress	10,715	5,080	2,447	2,240
Other Fixed Assets	—	—	—	—
Total Fixed Assets	663,000	265,777	263,733	134,817
Gross Fixed Assets	663,000	265,777	263,733	134,817
Accumulated Depreciation and Depletion	77,028	48,233	75,999	28,965
Net Fixed Assets	585,972	217,544	187,734	105,852
Intangibles	57,044	13,691	100,600	405
Cost in Excess	324,277	55,092	—	—
Non Current Deferred Income Taxes	51,892	—	—	—
Other Non Current Assets	13,994	35,822	42,755	50,486
Total Non Current Assets	1,033,179	322,149	331,089	156,743
Total Assets	1,373,826	621,423	512,306	315,915
Liabilities
Current Liabilities
Accounts Payable	52,836	43,400	45,115	36,163
Notes Payable	—	—	—	—
Short Term Debt	29,305	24,010	10,493	17,476
Accrued Expenses	—	—	—	—
Accrued Liabilities	168,604	125,148	125,578	126,376
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	6,181	10,471	66,856	9,752
Total Current Liabilities	256,926	203,029	248,042	189,767
Non Current Liabilities
Long Term Debt	699,120	149,459	26,283	89,706
Capital Lease Obligations	843	14,119	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	170,211	110,683	240,876	159,822
Minority Interest Liabilities	470	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	1,127,570	477,290	515,201	439,295
Total Liabilities	870,644	274,261	267,159	249,528
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	246,256	144,133	-2,895	-123,380
Common Par	430	429	311	153
Additional Paid in Capital	600,199	553,275	428,771	334,158
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-351,970	-409,480	-431,498	-456,259
Treasury Stock	—	-91	-91	—
Other Equity Adjustments	-2,403	—	-388	-1,432
Total Capitalization	945,376	293,592	23,388	-33,674
Cash Flow	87,996	42,696	11,100	-12,282
Working Capital	83,721	96,245	-66,825	-30,595
Free Cash Flow	-318,067	-15,695	-43,545	-38,030
Invested Capital	946,219	307,711	23,388	-33,674
Total Equity	246,256	144,133	-2,895	-123,380
Total Liabilities and Stock Equity	1,373,826	621,423	512,306	315,915