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Tianyin Reports Record Fiscal 2010 Financial Results
Date:9/29/2010

ns 14,746,137 9,716,595 Other income (expenses): Interest (expense) income, net (26,649) 261,463 Impairment loss on intangible assets -- (431,344) Other expenses (39,518) -- Total other expenses (65,167) (169,881) Income before provision for income taxes 14,680,970 9,546,714 Provision for income taxes 2,626,143 1,639,104 Net income 12,054,827 7,907,610 Less: Net income attributable to noncontrolling interest 11,677 -- Net income attributable to Tianyin Pharmaceutical Co., Inc. 12,043,150 7,907,610 Other comprehensive income Foreign currency translation adjustment 293,696 73,506 Comprehensive income $12,336,846 $7,981,116 Basic earnings per share $0.47 $0.41 Diluted earnings per share $0.40 $0.32 Weighted average number of common shares outstanding: Basic 24,427,329 15,937,411 Diluted 30,081,685 24,805,281 Consolidated Statements of Cash Flows For the Years Ended June 30, 2010 2009 Cash flows from operating activities: Net Income $12,043,150 $7,907,610 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 953,767 676,605 Provision for bad debts 247,131 81,512 Loss on disposal of fixed assets 39,518 -- Impairment loss on intangible assets -- 431,344 Stock-based payments 1,037,686 249,026 Noncontrolling interest 11,677 -- Changes in current assets and current liabilities: Accounts receivable (2,770,322) (1,223,282) Inventory 239,233 (237,975) Other current assets 606,785 (62,705) Accounts payable and accrued expenses 315,202 49,867 Accounts payable - construction related 2,239,231 -- VAT taxes payable 222,833 180,701 Income tax payable 366,845 147,897 Other taxes payable (19,223) (28,213) Dividend payable (252,422) -- Other current liabilities 119,007 164,611 Total adjustments 3,356,948 429,388 Net cash provided by operating activities 15,400,098 8,336,998 Cash flows from investing activities: Loans receivable (293,340) -- Additions to property and equipment (59,946) (58,014) Additions to construction
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SOURCE Tianyin Pharmaceutical Co., Inc.
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Related biology technology :

1. Tianyin Corporate Presentation Updated
2. Tianyin Reports Record Third Quarter 2010 Financial Results
3. Tianyin Pharmaceutical Co., Inc. to Present at the 22nd Annual ROTH Capital Partners OC Growth Stock Conference on March 16
4. Tianyin Pharmaceutical Co., Inc. to Present at the 2010 Rodman & Renshaw Annual China Investment Conference in Beijing on March 9
5. Tianyin Pharmaceutical Co., Inc. Expects to Benefit from the Recently Published Guide to Pricing Reform for Medicine and Medical Services
6. Tianyin Pharmaceutical Co., Inc. Announces Record Second Quarter 2010 Financial Results
7. Tianyin Pharmaceutical Co., Inc. Reports Record Fiscal 2009 Financials With $7.9 Million in Net Income
8. Tianyin Pharmaceutical Co., Inc. to Host Fiscal 2009 Earnings Conference Call on Thursday, September 24, 2009 at 10:30 a.m. ET
9. Tianyin Pharmaceutical Co., Inc. Obtains GMP Certification for Its New Production Facility
10. Tianyin Pharmaceutical, Co. to Present at the Rodman & Renshaw Annual Global Investment Conference on September 11 at 10:50 am ET
11. Tianyin Pharmaceutical Co., Inc. Receives Chinese SFDA Approval for Sanqi Tablets and Yinqiao Jiedu Tablets
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