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Questcor Reports Record Second Quarter Financial Results
Date:7/24/2014

ACTIVITIESNet income

$

170,746$

108,185Adjustments to reconcile net income to net cash provided by operating activities:Share-based compensation expense

17,46912,679Deferred income taxes

4,699962Amortization of investments

521245Depreciation and amortization

9,7574,645Impairment of goodwill and intangibles

719Loss on disposal of property and equipment

95Imputed interest for contingent consideration and in-process R&D

2,382588Other compensation expense

1,059494Changes in operating assets and liabilities, net of business acquisition:Accounts receivable

(17,887)(2,883)Inventories

204,270Prepaid income taxes

(9,970)Prepaid expenses and other current assets

2251,175Accounts payable

20,306(2,569)Accrued compensation

6,530(10,780)Sales-related reserves


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SOURCE Questcor Pharmaceuticals, Inc.
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