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Vanda Pharmaceuticals Reports Fourth Quarter and Full Year 2009 Results
Date:2/16/2010

2009 2008 ---- ---- Cash flows from operating activities: Net loss $(35,858,846) $(51,064,241) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 441,809 530,805 Employee and non-employee stock-based compensation 11,230,227 13,387,789 Loss on disposal of assets - (174) Amortization of discounts and premiums on marketable securities 138,095 (235,162) Amortization of intangible assets 982,935 - Changes in assets and liabilities: Prepaid expenses and other current assets (805,181) 495,200 Accounts receivable (3,163,898) - Deposits - 150,000 Inventory (2,398,517) - Accounts payable 1,911,495 (2,475,697) Accrued expenses (577,116) (6,892,577) Deferred rent 4,082 148,728 Deferred revenue 197,431,193 - ----------- ------- Net cash provided by (used in) operating activities 169,336,278 (45,955,329) ----------- ----------- Cash flow
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