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China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 2008 Results
Date:4/15/2009

37,883 -- Depreciation and amortization 858,406 443,063 Share-based compensation expenses 315,662 235,468 Decrease (increase) in operating assets: Accounts receivable and other receivables (3,398,228) (7,478,964) Inventories (65,762) (73,142) Prepaid expenses and others (23,840) 93,463 Land and construction deposit 4,084 -- Increase (decrease) in operating liabilities: Accounts payable and accrued liabilities (677,722) 2,136,356 1,660,382 960,170 Deferred revenue (25,674) (47,879) Net cash provided (used) by operating activities 27,538,021 11,601,480 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of fixed assets (11,167,396) (2,222,448) Purchase of land use rights 4,084 (8,003,205) Purchase of intangible assets (11,951,210) (35,280) Net cash provided (used) by investing activities (23,114,522) (10,260,933) CASH FLOWS FROM FINANCING ACTIVITIES Sales of common stock for cash, net of offering costs 23,487,963 -- Proceeds from warrants conversion 1,867,507 515,834 Payment to short-term loan -- (548,350) Net cash provided (used) by financing activities 25,355,470 (32,516) Effect of exchange rate chan
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SOURCE China Sky One Medical, Inc.
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