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Cumberland Pharmaceuticals Reports Third Quarter 2010 Financial Results
Date:11/11/2010

sting activities:Additions to property and equipment

(311,301)(199,312)Additions to patents

(132,047)(71,358)Net cash used in investment activities

(443,348)(270,670)Cash flows from financing activities:Proceeds from initial public offering

-85,000,000Costs of initial public offering

-(7,385,124)Proceeds from borrowings on long-term debt

-18,000,000Principal payments on note payable

(12,000,000)(5,000,000)Costs of financing for long-term debt and credit facility

(82,500)(189,660)Proceeds from exercise of stock options

1,182,13964,275Excess tax benefit derived from exercise of stock options

1,256,9132,842,825Repurchase of common shares

(4,129,648)(27,273,677)Net cash (used in) provided by financing activities

(13,773,096)66,058,639Net (decrease) increase in cash and cash equivalents

(13,183,342)67,711,723Cash and cash equivalents at beginning of period

78,701,68211,829,551Cash and cash equivalents at end of period

$
5,518,340$
79,541,274Supplemental disclosure of cash flow information:Non-cash investing and financing activities:Deferred financing costs

-335,075Common shares repurchased during period but not paidas of the end of the period

22,207-
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SOURCE Cumberland Pharmaceuticals Inc.
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