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IDEXX Laboratories Announces Second Quarter Results


for that quarter, the result of which is then multiplied by 91.25 days.(2)  Inventory turns represent inventory-related cost of product sales for the twelve months preceding each quarter-end divided by the inventory

balance at the end of the quarter. 

 IDEXX Laboratories, Inc. and SubsidiariesConsolidated Statement of Cash FlowsAmounts in thousands (Unaudited)Six Months EndedJune 30,June 30,2014

2013Operating:Cash Flows from Operating Activities:Net income$

Non-cash charges32,582

35,149Changes in assets and liabilities(13,179)

(25,700)Tax benefit from share-based compensation arrangements(7,960)

(5,830)Net cash provided by operating activities115,280

Investing:Cash Flows from Investing Activities:Purchases of property and equipment(25,410)

(46,181)Proceeds from disposition of pharmaceutical product lines-

3,500Acquisition of intangible assets(175)

(659)Proceeds from sale of equity investment5,400

-Acquisition of a business, net of cash acquired (1,161)

-Net cash used by investing activities(21,346)


SOURCE IDEXX Laboratories, Inc.
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