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Volcano Announces Record Fourth Quarter Revenues
Date:2/21/2013

made, or to reflect the occurrence of unanticipated events.

 VOLCANO CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) December 31, December 31, 20122011Assets Current assets: Cash and cash equivalents

$ 330,635$ 107,016Short-term available-for-sale investments

140,960112,327Accounts receivable, net

76,34869,469Inventories

52,81141,306Prepaid expenses and other current assets

21,77319,939Total current assets

622,527350,057Restricted cash

711692Long-term available-for-sale investments

44,38530,919Property and equipment, net

104,38581,097Intangible assets, net

50,65715,245Goodwill

51,5772,487Other non-current assets

28,10216,227Total Assets $ 902,344$ 496,724Liabilities and Stockholders' Equity Current liabilities: Accounts payable

$ 16,284$ 12,911Accrued compensation

23,22720,251Accrued expenses and other current liabilities

23,47616,689Deferred revenues

9,7897,077Contingent consideration

2,908-Current maturities of long-term debt

5372Total current liabilities

75,73757,000Convertible senior notes

382,30095,663Other long-term debt

1,11974Deferred revenues

4,6613,168Contingent consideration, non-current portion

27,323-Other non-current liabilities

2,8591,582Total liabilities

493,999157,487Stockholders' equity

408,345339,237Total Liabilities and Stockholders' Equity $ 902,344$ 496,724 VOLCANO CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)(unaudited)Three Months EndedDecember 31,Year EndedDecember 31,2012201120122011Revenues$

102,477$

92,748$

381,866$

343,546Cost of revenues, excluding amortization of intangibles34,11830,358128,915114,533Gross profit68,35962,390252,951229,013Operating expenses:Sellin
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SOURCE Volcano Corporation
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