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American Oriental Bioengineering Reports Fourth Quarter and Full Year 2009 Financial Results
Date:3/15/2010

distribution business was $12.9 million compared to $5.5 million in 2008.

Operating income in the year 2009 was $58.8 million compared to $63.5 million in the year 2008. Net income attributable to controlling interest for the year 2009 was $41.4 million, compared to $47.1 million in the prior year period. Excluding $5.8 million of interest expense on convertible securities, $0.9 million of amortized financing costs related to the Company's outstanding convertible notes and $0.8 million capitalization of debt interest, the Company's net income attributable to controlling interest was $0.53 per diluted share.

Balance Sheet

As of December 31, 2009, the Company had $94.4 million in cash and cash equivalents, including restricted portions, and generated approximately $25.4 million of operating cash flow during the year of 2009. Working capital was $130.9 million in 2009, reflecting an increase of 50.4% compared to '/>"/>

SOURCE American Oriental Bioengineering, Inc.
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