EXHIBIT 13.1 - ---------------------------------------------------------------------------------------------------------------------------------- SIX-YEAR FINANCIAL SUMMARY DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA - ---------------------------------------------------------------------------------------------------------------------------------- (YEAR ENDED DECEMBER 31, UNLESS NOTED) 2000 1999 1998 1997 1996(1) 1996(2) - ---------------------------------------------------------------------------------------------------------------------------------- Consolidated statement of earnings data: Operating revenues $452,374 $309,425 $207,416 $160,780 $119,856 $89,377 Operating earnings 44,189 29,922 23,331 18,980 12,717 10,276 Net earnings (3) 23,534 15,098 12,198 10,615 6,992 5,878 Net earnings per share (EPS): (3) (4) Basic $1.62 $1.15 $.99 $.88 $.50 $.44 Diluted $1.45 $1.03 $.86 $.73 $.47 $.42 Weighted average shares outstanding (000s):(4) Basic 14,563 13,144 12,368 11,998 13,914 13,450 Diluted 16,268 14,814 14,490 14,750 15,423 13,950 Consolidated balance sheet data: Working capital $64,186 $27,069 $20,606 $12,793 $9,254 $11,818 Total assets 229,093 187,264 156,870 97,241 80,802 57,066 Total liabilities 111,133 109,481 96,714 57,481 31,132 18,169 Stockholders' equity 117,960 77,783 60,156 39,760 49,670 38,897 Financial statistics: Operating margin 9.8% 9.7% 11.3% 11.8% 10.6% 11.5% Net margin(5) 5.2% 5.1% 5.8% 6.1% 5.8% 6.6% Current ratio 2.6:1 1.6:1 1.5:1 1.6:1 1.6:1 2.0:1 Diluted EPS growth rate (5) 34.3% 27.1% 25.9% 45.2% 14.8% 20.0% Return on equity(5) (6) 24.0% 22.8% 24.1% 21.8% 16.1% 16.5% Operating statistics: Healthcare staffing: Average number of branch offices (7) 88.6 54.9 16.1 N/A N/A N/A Number of weeks worked (8) 223,951 131,110 52,265 29,652 21,908 N/A Program management: Inpatient units (acute rehabilitation and skilled nursing): Average number of programs 135.8 131.8 128.2 110.3 91.3 84.7 Average admissions per program 373 369 354 321 294 279 Average length of stay (billable) 14.2 14.3 14.5 15.0 15.9 17.3 Patient days (billable) 716,993 697,769 656,363 532,195 426,995 408,385 Outpatient programs: Average number of locations 53.1 40.0 26.1 17.9 19.6 21.2 Patient visits 1,173,324 785,943 378,108 231,256 223,904 278,970 Contract therapy: Average number of locations (9) 156.0 90.8 49.5 35.6 N/A N/A (1) For comparability purposes, reflects the twelve months ended December 31, 1996. (2) Twelve month period ended last day of February. (3) The results for 1999 include a pre-tax loss of $1.0 million ($0.6 million after tax or $0.05 per share) on write-down of investments. The results for 1998 and 1997 include pre-tax gains of $1.5 million ($0.9 million after tax or $0.06 per share) and $1.4 million ($0.9 million after tax or $0.06 per share), respectively, from sales of marketable securities. In addition, the results for 1998 include an $0.8 million ($0.05 per share) after-tax charge for the cumulative effect of change in accounting for start-up costs. (4) Share data adjusted for 3-for-2 stock split in October 1997 and 2-for-1 stock split in June 2000. (5) Excludes write-down of investments, gains from sale of marketable securities and charge for the cumulative effect of change in accounting principle described in (3) above. (6) Average of beginning and ending equity. (7) We entered the per diem staffing business in August 1998 following the acquisition of StarMed Staffing, Inc. (8) Includes both per diem and travel weeks worked. (9) We entered the contract therapy business in January 1997 following the acquisition of Moore Rehabilitation Services, Inc. and TeamRehab, Inc. STOCK DATA The Company's common stock is listed and traded on the New York Stock Exchange under the symbol "RHB". The stock prices below are the high and low closing sale prices per share of our common stock, as reported on the New York Stock Exchange, for the periods indicated. CALENDAR QUARTER 1ST 2ND 3RD 4TH - ------------------------------------------------------------------- 2000 HIGH $13.97 $28.63 $43.38 $51.38 LOW 10.50 11.38 26.38 32.44 - ------------------------------------------------------------------- 1999 HIGH $11.06 $11.06 $10.66 $10.63 LOW 7.53 6.94 8.88 7.72 - ------------------------------------------------------------------- The Company has not paid dividends on its common stock during the two most recently completed fiscal years and has not declared any dividends during the current fiscal year. The Company does not anticipate paying cash dividends in the foreseeable future. The number of holders of the Company's common stock as of February 27, 2001 was approximately 5,774, including 665 shareholders of record and an estimated 5,109 persons or entities holding common stock in nominee name. Shareholders may receive earnings news releases, which provide timely financial information, by notifying our investor relations department or by visiting our website. HTTP://WWW.REHABCARE.COM