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Cumberland Pharmaceuticals Reports Second Quarter 2009 Financial Results
Date:8/27/2009

1,110 654,400 Prepaid, other current assets and other assets 625,462 743,951 Accounts payable and other accrued liabilities (8,332) (986,592) Other long-term obligations 47,856 582,254 ------ ------- Net cash provided by operating activities 2,901,883 1,268,592 --------- --------- Cash flows from investing activities: Additions to property and equipment (54,259) (85,863) Additions to patents (41,791) (34,551) ------- ------- Net cash used in investment activities (96,050) (120,414) ------- -------- Cash flows from financing activities: Costs of initial public offering (322,664) (154,179) Principal payments on note payable (916,668) (416,667) Net borrowings on line of credit 500,000 - Payment of other long-term obligations (2,760,000) - Costs of financing for long-term debt and credit facility - (15,475) Proceeds from exercise of stock options 39,098 4,296 Excess tax benefit derived from exercise of stock options 156,758 2,842,825 Payments made in connection with repurchase of common shares - (2,707,419) --- ----------- Net cash used in financing activities
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SOURCE Cumberland Pharmaceuticals Inc.
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