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ResMed Inc Announces Record Financial Results for the Quarter and Six Months Ended December 31, 2009
Date:2/4/2010

1, 2008.  For the six months ended December 31, 2009, income from operations and net income were $110.6 million and $88.1 million, an increase of 38% and 42%, respectively, compared to the six months ended December 31, 2008.  Diluted earnings per share for the six months ended December 31, 2009 were $1.15 per diluted share, an increase of 44% compared to the six months ended December 31, 2008.

Inventory, at $182.9 million, increased by $25.4 million compared to June 30, 2009. Accounts receivable days sales outstanding, at 70 days, decreased by 4 days compared to June 30, 2009.

Kieran T. Gallahue, President and Chief Executive Officer, commented, "In the second quarter of fiscal 2010, we continued to show strong growth year over year.  Our favorable mix of product sales and market share gains led to a 20% increase in the Americas over the prior year's quarter, resulting in $148.0 million in revenue. Sales outside the Americas increased by 27% to $127.1 million over the prior year's quarter, or a 14% increase on a constant currency basis. Cash flow from operations for the December quarter was $11.6 million.  Operating cash flow was impacted by income tax payments totaling $61.7 million paid during the December quarter. Our robust revenue growth, recent product launches and exciting product pipeline continue to position us well for the future.

"As previously indicated, we are steadily introducing new products in what co
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