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384,638363,696 DEFERRED TAX LIABILITIES, net
219,091159,328 OTHER LIABILITIES
279,049111,728Total liabilities
2,135,2001,972,715REDEEMABLE EQUITY
178,245207,307EQUITY:Cephalon Stockholders' Equity Common stock, $0.01 par value
784780 Additional paid-in capital
2,407,5632,534,070 Treasury stock, at cost
(216,597)(208,427) Accumulated earnings (deficit)
153,470(178,659) Accumulated other comprehensive income
164,888114,194Total Cephalon stockholders' equity
2,510,1082,261,958Noncontrolling Interest
62,839216,115Total equity
2,572,9472,478,073$
4,886,392$
4,658,095CEPHALON, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited)Nine Months EndedSeptember 30,20102009CASH FLOWS FROM OPERATING ACTIVITIES:Net income
$
324,278$
210,919Adjustments to reconcile net income to net cash provided by operating activities:Deferred income tax expense (benefit)
(27,976)(40,182)Depreciation and amortization
163,049136,403Stock-based compensation expense
31,74036,710Amortization of debt discount and debt issuance costs
51,31841,273Loss (gain) on foreign exchange contracts
9,499(26,754)Gain on acquisition of Arana
-(10,008)IPR&D from Acusphere deconsolidation
-8,366Other
1,749(5,079)Changes in operating assets and liabilities:Receivables
(1,006)94,204Inventory
31,967(7,060)Other assets
7,48032,206Accounts payable, accrued expenses and deferred revenues
53,39589,192Other liabilities
5,047(43,059)Net cash provided by operating activities
650,540517,131CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of property and equipment
(34,989)(43,647)Proceeds from sale of property and equipment
4,748-Cash balance from consolidation of variable interest entity<
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