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China Sky One Medical Announces First Quarter 2010 Results
Date:5/18/2010

0,000 shares authorized, none issued and outstanding) -- -- Common stock ($0.001 par value, 50,000,000 shares authorized, 16,790,851 and 16,714,267 issued and outstanding, respectively) 17 17 Additional paid-in capital 38,154 37,188 Accumulated other comprehensive income 5,900 5,879 Retained earnings 90,374 77,785 Total stockholders' equity 134,445 120,869 Total Liability and Shareholders' Equity $149,420 $140,363 China Sky One Medical, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited, $ in thousands) Three Months Ended March 31, 2010 2009 Cash flows from operating activities Net Income $12,589 $7,243 Adjustments to reconcile net cash provided by operating activities Depreciation and amortization 944 588 Change in fair value of derivative liability (4,927) -- Net change in assets and liabilities Accounts receivable 2,563 912 Inventories 190 (857) Prepaid expenses and other current assets (24) 36 Accounts payable and accrued expenses 1,143 736 Taxes payable 138 (165) Net cash provided by o
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SOURCE China Sky One Medical, Inc.
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