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

d by operating activities 404,970 6,396,952 8,626,882 ------- --------- --------- Cash flows from investing activities: Additions to property and equipment (601,802) (67,572) (152,420) Additions to trademarks and patents (110,541) (66,576) (11,069) -------- ------- ------- Net cash used in investing activities (712,343) (134,148) (163,489) -------- -------- -------- Cash flows from financing activities: Proceeds from initial public offering of common stock 85,000,000 - - Costs of initial public offering (7,479,011) (687,977) (2,031,416) Proceeds from borrowings on long-term debt 18,000,000 4,083,340 - Principal payments on note payable (5,000,000) (1,833,336) (1,833,336) Net borrowings on line of credit - 500,000 500,000 Payment of other long-term obligations - (2,760,000) (1,500,000) Costs of financing for long-term debt and credit facility (189,660) (29,491) - Payments made in connection with repurchase of common shares (27,295,808) (4,999,995) - Proceeds from exercise of stock options 175,089 81,159 510,951 Excess tax benefit derived from exercise of stock options 3,968,894 398,529 449,528 --------- ------- ------- Net cash provided by (used in) financing activities 67,179,504 (5,247,771) (3,904,273)
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SOURCE Cumberland Pharmaceuticals Inc.
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