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IDEXX Laboratories Announces Fourth Quarter Results
Date:1/25/2008

December 31, December 31,

2007 2006

Key

Balance Total cash, cash equivalents and

Sheet investments (in thousands) $60,360 $96,666

Inform- Days sales outstanding 39 38

ation: Inventory turns 2.3 1.9

IDEXX Laboratories, Inc. and Subsidiaries

Consolidated Statement of Cash Flows

Amounts in thousands (Unaudited)

Twelve Months

Ended

December 31, December 31,

2007 2006

Operating: Cash Flows from Operating Activities:

Net income $94,014 $93,678

Non-cash charges 42,121 26,384

Changes in current assets and

liabilities, net of acquisitions

and disposals (555) (10,236)

Net cash provided by operating

activities $135,580 $109,826

Investing: Cash Flows from Investing Activities:

Decrease in investments, net 35,000 30,655

Purchase of property and equipment (65,138) (32,331)

Purchase of land and buildings - (12,084)

Acquisition of businesses and

intangible assets (89,884) (25,220)

Acquisition of equipment leased

to customers
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SOURCE IDEXX Laboratories, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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