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Lifeway Foods Reports Record 3rd Quarter 2009 Revenues and Earnings Results
Date:11/19/2009

ows from operating activities: ------------------------------------- Net income $5,450,109 $2,655,240 $1,912,275 Adjustments to reconcile net income to net cash flows from operating activities, net of acquisition: Depreciation and amortization 1,367,130 821,505 1,092,995 (Gain)Loss on sale of marketable securities, net 274,296 146,404 733,647 Loss on disposition of assets 2,825 - - Impairment of marketable securities - 270,908 958,879 Deferred income taxes 236,063 (125,221) (509,386) Treasury stock issued for compensation 113,476 65,809 96,968 Increase (decrease) in allowance for doubtful accounts - (4,449) 70,551 (Increase) decrease in operating assets: Accounts receivable (2,000,033) (947,303) (626,754) Other receivables 2,599 14,193 2,797 Inventories (636,236) (700,540) 409,012 Refundable income taxes 807,067 240,880 (115,536) Prepaid expenses and other current assets 4,661 665 (1,973) Increase (decrease) in operating liabilities: Accounts payable (284,927) 766,988 665,942 Accrued expenses 167,114 118,650 44,243 Accrued income taxes - 308,260 - --- ------- --- Net cash provided by operating activities 5,504,144 3,631,989 4,733,660 Cash flows from investing activities: ------------------------------
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SOURCE Lifeway Foods, Inc.
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