Third quarter 2009 basic and diluted earnings per share were $0.40 and $0.38, respectively, compared to $0.26 and $0.24 in the third quarter of 2008. Basic and diluted non-GAAP earnings per share were $0.34 and $0.33, respectively, compared to $0.31 and $0.29 in the third quarter of 2008. Shares used in the computation of diluted earnings per share for the third quarter 2009 were 113.4 million.
Other Select Data
Average accounts receivable days outstanding were 62 days in the third quarter of 2009 compared to 54 days in the second quarter of 2009. Average inventory days were 98 days in the third quarter of 2009 compared to 82 days in the second quarter of 2009. Average accounts payable days outstanding were 62 days in the third quarter of 2009 compared to 59 days in the second quarter of 2009. Mindray calculates the above working capital days using the average of beginning and ending balances of the quarter.
As of September 30, 2009, the company had $299.3 million in cash, cash equivalents, restricted cash and restricted investments, compared to $286.7 million as of June 30, 2009. Net cash generated from operating activities and net cash outflow for capital expenditures during the quarter were $20.9 million and $13.5 million, respectively.
As of September 30, 2009, the company had 5,760 employees.
Nine Months Ended September 30, 2009 Results
Mindray reported net revenues of $445.3 million for the first nine months of 2009, representing a 17.3% increase from $379.6 million in the same period in 2008.
-- Net revenues generated in China in the first nine months of 2009 increased 26.8% to $205.1 million from $161.7 million in the same
|SOURCE Mindray Medical International Limited|
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