211Selling, general and administrative3,1322,6595,6474,736Research and development8747231,6461,371Total$
6,318 MASIMO CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited, in thousands) Six Months EndedJuly 2,July 3,20112010Cash flows from operating activities:Net income including noncontrolling interests
40,080Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:Depreciation and amortization3,8403,151Share-based compensation7,5746,318Provision for doubtful accounts92154Provision for obsolete inventory850359Provision for warranty costs1,3341,150Provision for deferred income taxes—133Income tax benefit from exercise of stock options granted prior to January 1, 20061,0581,631Excess tax benefit from share-based payment arrangements(89)(537)Changes in operating assets and liabilities:Increase in accounts receivable(2,433)(10,338)Decrease in royalties receivable4,748—Increase in inventories(776)(5,910)Increase in deferred cost of goods sold(5,135)(4,499)(Increase) decrease in prepaid expenses(2,043)1,243Increase in other assets(101)(1,963)Increase (decrease) in accounts payable(2,045)5,084Decrease in accrued compensation(6,257)(1,752)Decrease in accrued liabilities(831)(1,291)Increase in income taxes payable6761,073Increase (decrease) in deferred revenue(1,394)2,703Increase in other liabilities6541,064Net cash provided by operating activities34,78537,853Cash flows from investing activities:Purchase of short-term investments—(75,986)Proceeds from
|SOURCE Masimo Corporation|
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