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Impax's Second Quarter 2014 Revenues Increased 45% to $188.1 Million
Date:8/6/2014

ass="prnews_span">(6,873)Tax impact related to the exercise of employee stock options and restricted stock

(1,507)(446)Recognition of deferred revenue

(2,100)(2,226)Accrued profit sharing and royalty expense

23,58238,011Payments of profit sharing and royalty expense

(22,063)(27,392)Share-based compensation expense

9,52010,503Changes in assets and liabilities which (used) provided cash

(62,800)126Net cash provided by operating activities

12,420169,144Cash flows from investing activities:Purchase of short-term investments

(235,388)(220,284)Maturities of short-term investments

210,442147,948Purchases of property, plant and equipment

(18,271)(20,075)Payments for licensing agreements

(3,000)-Net cash used in investing activities

(46,217)(92,411)Cash flows from financing activities:Proceeds from exercise of stock options and ESPP

7,6604,351Tax impact related to the exercise of employee stock options and restricted stock

1,507446Net cas
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SOURCE Impax Laboratories, Inc.
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