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LCA-Vision Announces Fourth Quarter and Full Year 2008 Financial Results
Date:2/10/2009

(410) (11,500) Other accounts receivable 3,426 1,080 Prepaid income taxes (2,566) (4,035) Prepaid expenses and other (223) 1,338 Accounts payable (2,227) 5,132 Deferred revenue, net of professional fees (16,847) (7,212) Accrued liabilities and other (3,432) 5,751 Net cash provided by operations 7,569 54,979 Cash flows from investing activities: Purchases of property and equipment (14,860) (28,586) Purchases of investment securities (391,026) (330,826) Proceeds from sale of investment securities 396,674 356,874 Net cash used in investing activities (9,212) (2,538) Cash flows from financing activities: Principal payments of capital lease obligations and debt (6,410) (5,782) Proceeds from loan 19,184 - Shares repurchased for treasury stock (205) (44,940) Tax benefits related to stock-based compensation (638) 1,949 Exercise of stock options 193 3,499 Dividends paid to stockholders (4,447) (13,984) Net cash provided by (used in) financing activities 7,677 (59,258) Increase (decrease) in cash and cash equivalents 6,034 (6,817) Cash and cash equivalents at beginning of year 17,614 24,431 Cash and cash equivalents at end of year $23,648 $17,614

LCA-VISION INC.

EFFECT OF THE CHANGE IN OUR ACCOUNTING FOR DEFERRED REVENUES


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SOURCE LCA-Vision Inc.
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