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Sinovac Reports Unaudited Second Quarter 2009 Financial Results
Date:8/19/2009

net cash used by operating activities: - deferred income taxes 690,556 -970,614 847,950 -897,433 - Loss (income) on disposal fixed assets 2,434 -- -7,349 -- - stock-based compensation 61,540 16,635 128,043 33,271 - provision for doubtful debts 1,443,986 932,113 2,312,924 1,559,918 - depreciation of property, plant and equipment, and amortization of licenses 431,753 388,460 864,107 780,563 - research and development expenditures qualified for government grant -70,374 -126,829 -128,685 -130,848 Change in other assets and liabilities - accounts receivable 12,080,553 -9,218,834 14,543,552 13,369,079 - inventories -2,803,876 -865,187 -5,135,639 -2,314,630 - income tax refundable 712,224 -- -173,028 -- - prepaid expenses and deposits 224,922 -403,304 255,826 -84,290 - advance from stockpiling program 9,644,568 -- 9,644,568 -- - accounts payable and accrued liabilities 1,487,986 3,668,617 -1,283,789 4,142,407 Net cash provided by (used in) operating activities 8,135,498 -1,696,930 1,303,267 -3,099,297 Cash flows from (used in) financing activities Loan proceeds 16,074,281 -- 16,074,281 -- Loan repayment -- -- -- -- Proceeds from issuance of common stock -- 1,966 -- 9,815,265 Repurchase of common shares -16,189 -- -335,832 -- Loan to non-controlling shareholder of
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SOURCE Sinovac Biotech Ltd.
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