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China Biologic Products Announces Strong 2008 Results
Date:4/1/2009

equity $67,169,392 $33,305,245 CHINA BIOLOGIC PRODUCTS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007 2008 2007 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $11,985,671 $8,179,376 Adjustments to reconcile net income to cash provided by operating activities: Minority Interest 3,303,841 1,991,902 Depreciation 1,088,155 777,007 Amortization 61,095 91,965 Loss on disposal of equipment 214,663 245,042 Allowance for bad debt - accounts receivable (56,462) 221,813 Allowance for bad debt - other receivables and prepayments 560,668 -- Impairment of assets 415,873 -- Stock based compensation 1,311,727 -- Equity in income of unconsolidated affiliate (175,231) -- Change in operating assets and liabilities: Notes receivable 43,245 44,109 Accounts receivable 81,980 3,351,444 Other receivables (33,462) 310,943 Other receivables - related party 1,442 (2,302) Inventories (4,69
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SOURCE China Biologic Products, Inc.
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