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Cumberland Pharmaceuticals Reports Second Quarter 2014 Financial Results
Date:8/5/2014

ons

(711,348)(15,288)Noncash interest expense

12,03812,038Noncash investment losses

181,95062,323Net changes in assets and liabilities affecting operating activities, net of
effect of business combination:Accounts receivable

(1,484,052)2,046,259Inventory

136,039124,061Other current assets and other assets

(701,604)59,877Accounts payable and other current liabilities

2,165,828(1,707,560)Other long-term liabilities

109,24437,479Net cash provided by operating activities

1,818,3881,792,325Cash flows from investing activities:Additions to property and equipment

(48,239)(69,119)Purchases of marketable securities

(3,254,903)(4,371,508)Proceeds from sale of marketable securities

2,267,0821,481,682Cash paid for acquisitions

(2,000,000)Additions to intangible assets

(732,072)(1,829,693)Net cash used in investment activities

(3,768,132)(4,788,638)Cash flows from
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SOURCE Cumberland Pharmaceuticals Inc.
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