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China Sky One Medical Announces Fourth Quarter and Fiscal Year 2010 Results
Date:3/15/2011

amortization4,3662,747858Share-based compensation1,0991,242316Change in fair value of derivative liability(8,889)4,807-Decrease (increase) in operating assets: Accounts receivable and other receivables1,806(6,204)(3,398)Inventories84(1,948)(66)Prepaid expenses and others(9)92(24)Increase (decrease) in operating liabilities: Accounts payable and accrued liabilities(1,058)1,215(678)Tax payable(760)5011,660Deferred revenue--(26)Net cash provided by operating activities32,59633,44927,538 Cash Flows From Investing Activities Purchase of property and equipment, etc.(36,885)(254)(11,167)

)Land and construction deposit(7,339)--Construction in progress(349)(9,932)4Purchase of intangible assets-(10,968)(11,951)Net cash used in investing activities(44,573)(21,154)(23,115) Cash Flows From Financing Activities Sale of common stock for cash, net of offering costs--23,488Proceeds from warrants conversion94291,868Net cash provided by financing activities942925,355 Effect of exchange rate changes on cash and cash equivalents2,2502721,318 Net (Decrease) Increase in Cash and Cash Equivalents(9,632)12,46831,097 Cash and Cash Equivalents at Beginning of Year52,75640,2889,191 Cash and Cash Equivalents at End of Year$

43,124$

52,756$

40,288 Supplemental disclosure of cash flow information Interest paid$

-$

-$

135Income taxes paid$

11,309$

10,164$

6,630
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SOURCE China Sky One Medical, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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