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IDEXX Laboratories Announces First Quarter Results
Date:4/24/2009

Operating: Cash Flows from Operating Activities: Net income $26,071 $27,551 Non-cash charges 17,427 11,282 Changes in current assets and liabilities, net of acquisitions (30,874) (41,622) Net cash provided (used) by operating activities $12,624 $(2,789) Investing: Cash Flows from Investing Activities: Purchase of property and equipment (9,114) (17,049) Proceeds from disposition of pharmaceutical product lines 1,377 - Proceeds from sale of property and equipment 1,046 - Acquisition of businesses and intangible assets - (7,533) Acquisition of equipment leased to customers (188) (226) Net cash used by investing activities $(6,879) $(24,808) Financing: Cash Flows from Financing Activities: Borrowings on revolving credit facilities, net 15,019 67,942 Payment of other notes payable (190) (177) Purchase of treasury stock (14,986) (51,355) Proceeds from the exercise of stock options and employee stock purchase plans 3,281 5,974 Tax benefit from exercise of stock options and vesting of restricted stock units 161 2,384 Net cash provided by financing activitie
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SOURCE IDEXX Laboratories, Inc.
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