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Contact information
Greg Browne, CFO
Cyberonics, Inc.
100 Cyberonics Blvd.
Houston, TX 77058
Main: (281) 228-7262
Fax: (281) 218-9332
ir@cyberonics.comCYBERONICS, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited except where indicated)July 29, 2011April 29, 2011(Audited)ASSETSCurrent AssetsCash and cash equivalents$
81,610,395$
89,313,850Accounts receivable, net29,730,04028,578,622Inventories13,750,99615,270,904Deferred tax assets13,311,01613,738,703Other current assets3,726,1934,698,097Total Current Assets142,128,640151,600,176Property and equipment, net9,739,5598,203,392Intellectual property, net5,541,8415,237,857Long-term investments5,284,3845,209,590Deferred tax assets36,291,24540,137,463Other assets916,2001,080,727Total Assets$
199,901,869$
211,469,205LIABILITIES AND STOCKHOLDERS' EQUITYCurrent LiabilitiesAccounts payables and accrued liabilities$
16,312,180$
22,086,093Convertible notes7,048,0007,048,000Total Current Liabilities23,360,18029,134,093Long-term liabilities6,507,1616,881,762Total Liabilities29,867,34136,015,855Total Stockholders' Equity170,034,528175,453,350Total Liabilities and Stockholders' Equity $
199,901,869$
211,469,205CYBERONICS, INC. AND SUBSIDIARYCONSOLIDATED STATEMENT OF OPERATIONS(Unaudited) Thirteen Weeks EndedJuly 29, 2011July 30, 2010Net sales$
52,662,076$
44,798,763Cost of sales6,922,0345,462,202Gross profit45,740,04239,336,561Operating expenses:Selling, general and administrative26,008,43021,176,496Research and development8,221,4266,468,867Total operating expenses34,229,85627,645,363Income from operation
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