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LCA-Vision Reports Third Quarter 2008 Financial Results

es 3,511 (5,365)

Prepaid expenses and other (162) 1,400

Accounts payable (2,319) (1,313)

Deferred revenue, net of

professional fees (13,454) (1,059)

Income taxes payable 666 -

Accrued liabilities and

other (2,499) 2,505

Net cash provided by operations $9,929 $38,752

Cash flow from investing activities:

Purchase of property and equipment (13,597) (13,012)

Purchases of investment securities (297,128) (258,415)

Proceeds from sale of investment

securities 297,433 260,328

Other, net 645 (77)

Net cash used in investing activities $(12,647) $(11,176)

Cash flow from financing activities:

Principal payments of capital

lease obligations and debt (4,328) (3,873)

Proceeds from loan 19,184 -

Shares repurchased for treasury stock (205) (34,943)

Tax benefits related to stock-based

compensation (624) 1,107

Exercise of stock options 193 3,402

Dividends paid to stockholders (4,447) (10,658)

Net cash provided by (used in)

financing activities 9,773 (44,965)

Increase (decrease) in cash and cash

equivalents 7,055 (17,389)

Cash and cash equivalents at

beginning of period 17

SOURCE LCA-Vision Inc.
Copyright©2008 PR Newswire.
All rights reserved

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