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Cynosure Reports First-Quarter 2013 Financial Results
Date:4/30/2013

,569Liabilities and stockholders' equity:Accounts payable and accrued expenses$
27,764$
25,547Amounts due to related parties1,7011,896Deferred revenue5,1126,319Capital lease obligations311322Total current liabilities34,88834,084Capital lease obligations, net of current portion349432Deferred revenue, net of current portion343281Other long-term liabilities2,2272,265Total stockholders' equity199,582197,507Total liabilities and stockholders' equity$
237,389$
234,569 

To supplement our consolidated financial statements presented in accordance with GAAP, Cynosure uses non-GAAP net income and non-GAAP EPS.  The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. The non-GAAP financial measures included in this press release exclude $1.1 million of costs associated with the acquisition of Palomar, or $839 thousand, net of tax.  This exclusion may be different from, and therefore not comparable to, similar measures used by other companies.
Cynosure's management believes that the non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding the acquisition-related costs that may not be indicative of our core business operating results. Cynosure believes that both management and investors benefit from referring to the non-GAAP financial measures in assessing Cynosure's performance and when planning, forecasting and analyzing future periods. The non-GAAP financial measures also facilitates management's internal comparisons to Cynosure's historical performance and our competitors' operating results. Cynosure believes that the non-GAAP measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in our financial and operational decision making.


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