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Volcano Reports Second Quarter Results; Medical Segment Revenues Increase More Than 13 Percent On A Constant Currency Basis


51,37751,577 Other non-current assets 

27,07728,102 Total Assets $   909,526$
902,344 Liabilities and Stockholders' Equity  Current liabilities:  Accounts payable 

,284 Accrued compensation 

24,73223,227 Accrued expenses and other current liabilities 

18,45723,476 Deferred revenues 

9,6629,789 Contingent consideration 

2,9002,908 Current maturities of long-term debt 

6153Total current liabilities 

67,29875,737 Convertible senior notes 

391,493382,300 Other long-term debt 

1,1921,119 Deferred revenues 

4,6704,661 Contingent consideration, non-current portion 

28,78727,323 Other non-current liabilities 

2,7292,859Total liabilities 

496,169493,999 Stockholders' equity 

413,357408,345 Total Liabilities and Stockholders' Equity $   909,526$

 VOLCANO CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)(unaudited)Three Months Ended
June 30,Six Months Ended
June 30,2013201220132012Revenues$




185,733Cost of revenues, excluding amortization of intangibles36,03931,97669,16661,549Gross profit65,30563,397125,409124,184Operating expenses:Selling, general and administrative45,73441,99189,56386,336Research and development17,95413,87933,60527,528Amortization of intangibles8208881,6541,760Acquisition-related items911-2,489-Total operating expenses65,41956,758127,311115,624Operating (loss) income(114)6,639(1,902)8,560Interest income305203643433Interest expense(6,607)(1,677)(13,152)(3,149)Exchange rate (loss) gain(301)74(1,079)(101)Other, net2,279884,177(8)(Loss) income before income tax(4

SOURCE Volcano Corporation
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