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Global Pharm Holdings Group, Inc. Announces Second Quarter 2011 Financial Results
Date:8/12/2011

12288;

$0.12

 

$0.35

 

$0.30Basic and diluted weighted average shares26,000,000

 

19,094,000

 

26,000,000

 

19,094,000GLOBAL PHARM HOLDINGS GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) 

 Six Months Ended June 30,  

 

2011 2010Cash flows from operating activities 

 

 

 Net income- including non-controlling interest

 

$
9,217,203

 

$
5,695,751Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

 Stock-based compensation

 

-

 

1,492,100Depreciation and amortization

 

56,018

 

29,169Changes in operating assets and liabilities: 

 

 

 Accounts receivable

 

(4,214,512)

 

(1,431,800)Inventories

 

(1,550,865)

 

(5,409,249)Restricted cash

 

329,540

 

-Other current assets

 

473,282

 

(1,304,551)Accounts payable and other accrued liabilities

 

(232,917)

 

7,380,555Income and other taxes payable

 

305,186

 

(776,305)Due from related party

 

-

 

(33,983)Due to related parties

 

875,411

 

132,940Net cash provided by operating activities 

5,258,346

 

5,774,627 

 

 

 

 Cash flows from investing activities 

 

 


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SOURCE Global Pharm Holdings Group, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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