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Cumberland Pharmaceuticals Reports 24% Increase in Net Revenue With Full Year 2009 Financial Results
Date:3/10/2010

00,034 Retained earnings 4,542,126 1,450,711 --------- --------- Total shareholders’ equity 72,253,872 17,554,815 ---------- ---------- Noncontrolling interests (32,536) - ------- --- Total equity 72,221,336 17,554,815 ---------- ---------- Total liabilities and equity $103,724,320 $31,119,187 ============ =========== (1) Number of shares issued and outstanding represents total shares of common stock regardless of classification on the consolidated balance sheet. The number of shares of redeemable common stock as of December 31, 2009 was 142,016. CUMBERLAND PHARMACEUTICALS INC. CONSOLIDATED STATEMENTS OF INCOME YEARS ENDED DECEMBER 31, 2009, 2008 AND 2007 2009 2008 2007 ---- ---- ---- Revenues: Net product revenue $43,142,350 $34,889,967 $27,821,646 Other revenue 394,928 185,193 241,943 ------- ------- ------- Net revenues 43,537,278 35,075,160 28,063,589 Costs and expenses: Cost of products sold 4,136,541 3,045,672 2,669,628 Selling and marketing 20,194,074 14,387,153 10,053,355 Research and development 4,993,278 4,429,064 3,693,917 General and administrative 7,643,070 5,139,937
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