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Nuvasive Reports Third Quarter 2008 Financial Results
Date:10/22/2008

99,208) (167,980)

Total stockholders' equity 175,160 196,578

Total liabilities and stockholders'

equity $468,627 $225,687

NuVasive, Inc.

Unaudited Condensed Consolidated Statements of Cash Flows

(in thousands)

Nine Months Ended September 30,

2008 2007

Operating activities:

Net loss $(31,228) $(10,119)

Adjustments to reconcile net loss to net

cash used in operating activities:

Depreciation and amortization 15,671 9,619

Stock-based compensation 15,719 9,977

In-process research and development 20,876 -

Leasehold abandonment 4,486 -

Other non-cash adjustments 1,109 1,124

Changes in operating assets and

liabilities:

Accounts receivable (18,986) (5,871)

Inventory (22,136) (11,041)

Prepaid expenses and other current

assets (941) (28)

Accounts payable and accrued liabilities 3,898 2,537

Accrued payroll and related expenses 1,778 2,230

Net cash used in operating activities (9,754) (1,572)

Investing activities:

Cash paid for pedicle screw technology (6,256) -

Cash paid for acquisition of Radius

Medical LLC - (6,970)

Cash paid for acquisition of Osteocel


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SOURCE NuVasive, Inc.
Copyright©2008 PR Newswire.
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