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Subject:  Re: Taxes and Extraordinary Items (Ignore earlie Date:  11/27/2008  1:46 AM
Author:  FizzDot Number:  1609 of 1817


Yes, Kinetic Concepts, the negative pressure technology wound company.

The 2003 report (which has the non-gaap income statement) is at

The statement is on page 38.

What I am thinking is that I should reduce taxes, deferred taxes and net revenues by the deferred tax asset. This would affect taxes and working capital (since I am excluding the reward).

They settled the second case out of court in 2005, which means they paid money out. Not sure how to handle this one at all. They paid 75 million, or 47.4 million net of taxes. If I reverse this, I think I should reverse the 75 (or 72 million, after reserves), and keep the taxes the same, since they would have to pay them anyway? The company report for this year is:

The financial reports are all at:

Thanks so much! I hope you have an amazing thanksgiving!

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