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Cardiac Science Announces Q3 Results
Date:11/9/2010

s

86

74Net change in cash and cash equivalents

(4,195)

(6,240)Cash and cash equivalents, beginning of period

10,885

37,868Cash and cash equivalents, end of period

$  6,690

$  31,628Cardiac Science Corporation and SubsidiariesCondensed Consolidated Statements of Cash Flows (unaudited)(in thousands)Nine Months EndedSeptember 30,20102009Operating Activities:Net loss

$ (33,269)

$ (68,714)Adjustments to reconcile net loss to net cash used in operating activities:Stock-based compensation

1,797

1,887Depreciation and amortization

4,724

4,662Amortization of debt issuance costs

45

-Deferred income taxes

-

42,231Changes in operating assets and liabilities, net of businesses acquired:Accounts receivable, net

3,219

3,165Inventories

(363)

(1,321)Prepaid expenses and other assets

1,213

545Accounts payable

(250)

(785)Accrued liabilities

1,172

(963)Warranty liability

(63)

65Corrective action liabilities

3,508

18,500Deferred revenue

(175)

(131)Net cash used in operating activities

(18,442)

(859)Investing Activities:Purchases of machinery and equipment

(1,634)

(2,688)Proceeds from repayment of note

82

110Purchase of intangible assets

-

(370)Cash paid for acquisitions

-

(54)Net cash used in investing activities

(1,552)

(3,002)Financing Activities:Proceeds from exercise of stock options and issuance of   shares under employee stock purchase plan

225

897Minimum tax withholding on restricted stock awards

(106)

(110)Debt issuance costs

(181)

-Net cash provided by (used in) financing activities

(62)

787Effect of exchange rate changes on cash and cash equivalents

(120)

47Net change in cash a
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SOURCE Cardiac Science Corporation
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