Published: June 19, 2010
Management believes these items are not related to Omnicare`s ordinary course of business and/or are non-cash in nature, as previously discussed in footnote (e) above.(h)EBITDA represents earnings before interest expense (net of investment income), income taxes, depreciation and amortization. Omnicare uses EBITDA primarily as an indicator of the Company`s ability to service its debt, and believes that certain investors find EBITDA to be a useful financial measure for the same purpose. However, EBITDA does not represent net cash flows from operating activities, as defined by U.S. GAAP, and should not be considered as a substitute for operating cash flows as a measure of liquidity. Omnicare`s calculation of EBITDA may differ from the calculation of EBITDA by others.
(i)Free cash flow represents net cash flows from operating activities less capital expenditures and dividends paid by the Company. Omnicare believes that certain investors find free cash flow to be a helpful measure of cash generated from current operations, net of cash used for its ongoing capital expenditures and dividend payment requirements. Omnicare’s calculation of free cash flow may differ from the calculation of free cash flow by others.Omnicare, Inc.Cheryl D Hodges, 859-392-3331 Copyright Business Wire 2009. There’s no doubt about it.Kentucky Wildcats freshman guard Eric Bledsoe will be in this summer’s NBA Draft.Along with a big chunk of college basketball players that in other years might hesitate before making the leap to the pros.With the lockout looming — and all signs point to a disastrous year for the NBA after next season — players that might normally test the waters will be more apt to jump to the draft after this season.The NBA is a mess right now financially It’s in deep.
(How deep? Check out Bill Simmons’ column for the best diagnosis of the NBA’s problems I’ve read yet.)Players like Bledsoe, who are projected to be mid- to late-first rounders, will likely make the jump because if they don’t, the NBA won’t be there for at least one season starting in 2012.Bledsoe has not put up stellar numbers for Kentucky — he’s averaging 10.6 points, 3.2 assists and 3 boards — but he is is overshadowed by fabulous freshmen John Wall and DeMarcus Cousins. He’s a better three-point shooter than Wall (36 percent to Wall’s 33), and can run the point if he Wall is in foul trouble or needs a break.Look for Bledsoe, as well as other fence-sitters like Texas’ Avery Bradley, Virginia Commonwealth’s Larry Sanders, Baylor’s Ekpe Udoh and Oklahoma State’s James Anderson to declare for the draft.After that, it’s up to the NBA and the Players Union to decide whether fans deserve a season in 2012. But Bledsoe and his counterparts will likely have NBA contracts and a secure near-future.. After watching the qualifying for this weekend’s Shelby American race at Las Vegas, I have decided to make a weekly segment; a prediction sure to go wrong, before each race.In the past I have done the top five finishers before each race, but I think picking one driver to win will be much more entertaining, especially because I don’t expect to get any of them correct.If for some reason I do get one correct, I just might have to change the title, but so far this year, I have selected Kurt Busch to win Daytona, and Juan Montoya to win in California, and we all know how those ended up.For this Sunday’s race at Las Vegas, I am putting my money on the home town guy No, not the pole sitter, but his brother, one “Rowdy” Busch.