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Questcor Reports Solid Fourth Quarter Results
Date:3/1/2010

pre> Questcor Pharmaceuticals, Inc. Consolidated Statements of Cash Flows (In thousands) Years Ended December 31, 2009 2008 ---- ---- OPERATING ACTIVITIES Net income $26,629 $40,532 Adjustments to reconcile net income to net cash provided by operating activities: Share-based compensation expense 3,066 4,119 Deferred income taxes (290) 4,649 Amortization of investments 181 (456) Depreciation and amortization 480 503 Gain on sale of product rights (225) (75) Income tax benefit realized from share-based compensation plans 783 4,932 Excess tax benefit from share-based compensation plans (743) (4,841) Changes in operating assets and liabilities: Accounts receivable (4,415) 13,221 Inventories (919) (94) Prepaid income taxes 3,316 (3,316) Prepaid expenses and other current assets (61) (323) Accounts payable 8,619 2,525 Accrued compensation 244 (49) Sales-related reserves 3,097 3,649 Income taxes payable 477 (1,330)
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