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SXC Health solutions announces Strong fourth quarter and year end financial results
Date:3/4/2010

Cash from Operations

SXC continues to generate strong cash from operations. SXC generated cash from operations of $86.4 million in 2009, compared to $41.6 million in 2008. The Company's quarterly cash flows can be impacted by the timing of pharmacy deposits and rebate payments it receives for certain customers. The Company generated $36.8 million of cash through its operations in Q4-2009, compared to $21.0 million in Q4-2008.

At December 31, 2009 and 2008, SXC had cash and cash equivalents totalling $304.4 million and $67.7 million, respectively. In Q4-2009, SXC repaid all its outstanding long-term debt obligations. On September 23, 2009, SXC completed a public offering of 5,175,000 of its common shares, including 675,000 shares sold pursuant to the exercise of the underwriters' over-allotment option, for net proceeds to the Company of approximately $203.1 million.

2010 Full Year Financial Guidance

    SXC has set the following fina
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SOURCE  SXC Health Solutions Corp.
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