51,992,304Adjustments to reconcile net income to net cash provided by operating activities:Depreciation5,792,4184,253,6613,607,184Impairment loss of goodwill-18,160,281-Loss on abandonment and write-off of long-lived assets-6,603,028-Amortization3,088,3203,394,8083,566,269Loss on sale of property, plant and equipment828,296166,934120,224Reversal of allowance for doubtful accounts, net(1,904)(19,611)(57,624)Provision for (reversal of) doubtful accounts - other
receivables and prepayments110,123(10,254)475,346Write-down of obsolete inventories-270,929451,761Deferred tax expense (benefit)1,127,433(2,595,103)(1,101,171)Share-based compensation4,544,9274,896,2322,341,783Change in fair value of derivative liabilities(1,769,140)(11,974,834)3,233,288Amortization of deferred note issuance cost-91,945258,753Amortization of discount on convertible notes-3,503,7671,590,740Equity in income of an equity method investee(2,665,881)(1,858,171)(1,070,241)Change in operating assets and liabilities:Accounts receivable5,689,638(6,126,742)(7,820,523)Prepayment and other current assets(268,498)(711,740)91,379Inventories(3,750,200)(17,079,263)(16,026,215)Accounts payable(2,184,674)431,836505,407Other payables and accrued expenses(3,210,777)6,061,066190,975Accrued interest - noncontrolling interest shareholders--(2,086,010)Advance from customers(2,034,138)1,140,386(429,497)Due to related parties734,037--Income tax payable(904,655)(1,512,591)(1,046,906)Net cash provided by operating activities71,097,31738,469,91938,787,226 CASH FLOWS FROM INVESTING ACTIVITIES:Dividends received1,109,1151,209,880-Acquisition of a subsidiary, net of cash acquired--(4,063,325)Payment for property, plant and equipment(13,886,045)(7,968,870)(10,313,432)Payment for intangible assets and land use rights(14,059,397)(424,971)(1,474,718)Proceeds from sale of property, plant and equipment83,13456,709-Net cash used in investing activities(26,753,193)(7,127,252)(15,851,475)For the Years
|SOURCE China Biologic Products, Inc.|
Copyright©2012 PR Newswire.
All rights reserved