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China Sky One Medical, Inc. Announces Record First Quarter 2009 Results
Date:5/14/2009

,000,000 shares authorized, none issued and outstanding) -- -- Common stock ($0.001 par value, 50,000,000 shares authorized, 16,446,467 and 16,306,184 issued and outstanding, respectively) 16,446 16,306 Additional paid-in capital 40,134,162 40,105,134 Accumulated other comprehensive income 5,683,748 5,566,806 Retained earnings 56,487,886 49,245,048 Total stockholders' equity 102,322,242 94,933,294 $109,226,996 $101,259,329 China Sky One Medical, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months Ended March 31, 2009 2008 Cash flows from operating activities Net Income $ 7,242,838 $ 3,864,911 Adjustments to reconcile net cash provided by operating activities Depreciation and amortization 588,066 140,009 Share-based compensation expense -- 10,117 Net change in assets and liabilities Accounts receivables 912,487 1,859,639 Inventories (857,238) (408,079) Prepaid expenses and other current assets 35,805 5,526 Accounts payable and accrued expenses 735,730 (370,378) Taxes payable (165,038) 102,786 Deferred revenues -- (6,952) Net cash provided by operating activities 8,492,650 5,197,579 Cash flows from investing activities Purchases of fixed a
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SOURCE China Sky One Medical, Inc.
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