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NuVasive Reports Second Quarter 2009 Financial Results
Date:7/23/2009

June 30, ----------------- 2009 2008 ---- ---- Operating activities: Net loss $(1,537) $(8,149) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 12,811 8,449 In-process research and development - 4,176 Stock-based compensation 12,999 10,298 NeoDisc technology costs - - Other non-cash adjustments 3,328 312 Noncontrolling interest (683) - Changes in operating assets and liabilities: Accounts receivable 2,221 (5,044) Inventory (19,939) (16,496) Prepaid expenses and other current assets (694) (1,707) Accounts payable and accrued liabilities (288) 3,361 Accrued payroll and related expenses (652) (1,282) ---- ------ Net cash used in operating activities 7,566 (6,082) Investing activities: Cash paid for acquisitions - (6,256) Cash paid for Cervitech acquisition (24,055) - Investment in Progentix (10,000) - Acquisition related milestone payments (10,000) - Purchases of property and equipment (12,440) (25,686) Purchases of short-term marketable securities (12,004)
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