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China Biologic Reports Financial Results for the Second Quarter and First Half of 2013
Date:8/6/2013

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(6,688,540)CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from stock option exercised 

$

2,668,916$

-Proceeds from warrants exercised-4,500,000Proceeds from short-term bank loans4,808,400-Repayment of short term bank loans (8,014,000)(11,106,200)Acquisition of noncontrolling interest(1,963,913)-Dividends paid by subsidiaries to noncontrolling interest shareholders (8,110,168)(4,379,016)Net cash used in financing activities 

$

(10,610,765)$

(10,985,216)EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH 2,762,616679,914NET INCREASE IN CASH 

$

17,655,131$

15,075,390Cash and cash equivalents at beginning of period129,609,31789,411,835Cash and cash equivalents at end of period

$

147,264,448$

104,487,225Supplemental cash flow information Cash paid for income taxes 

$

8,892,126$

8,669,815Cash paid for interest expense 

$

198,900$

204,982Noncash investing and financing activities: Acquisition of property, plant and equipment included in payables 

$

1,554,828$

347,439Exercise of warrants that were liability classified-3,641,279 

 

 

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2013 and 2012For the three months ended June 30, June 30,'/>"/>

SOURCE China Biologic Products, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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