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Questcor Reports First Quarter Financial Results
Date:4/30/2013

ort-term investments

30,03832,235Acquisition of BioVectra, net of cash received

(46,692)—Deposits and other assets

—4Net cash flows used in investing activities

(50,755)(39,137)FINANCING ACTIVITIESRepayment of funded long-term debt

(304)—Repayment of other long-term debt

(119)—Income tax benefit realized from share-based compensation plans

1,9911,380Issuance of common stock, net

2,615956Repurchase of common stock

—(28,987)Net cash flows provided by / (used in) financing activities

4,183(26,651)Effect of cash on changes in exchange rates

(84)—Decrease in cash and cash equivalents(5,204)(24,878)Cash and cash equivalents at beginning of period

80,60888,469Cash and cash equivalents at end of period$

75,404$

63,591Supplemental Disclosures of Cash Flow Information:Cash paid for interest

$

182$

7Cash paid for income taxes

$

9,707$

32Supplemental Disclosures of Investing and Financing Activities:Dividend payable

$

14,751$

—In conjunction with the acquisition of BioVectra at January 18, 2013:Incremental fair value of assets acquired, net

$

80,698Less: fair value of contingent consideration

(30,383)50,315Loss on foreign exchange rate

488Total cash paid for acquisition of BioVectra

$

50,803 


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SOURCE Questcor Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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