3,570Net (loss) income per share:Basic$
0.06Shares used in calculating net (loss) income per share:Basic54,57453,36254,38953,146Diluted54,57455,20754,38955,136
VOLCANO CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited)Six Months Ended
June 30,20132012Operating activitiesNet (loss) income
3,570Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:Depreciation and amortization12,22311,595Amortization (accretion) of investment premium (discount), net1,3781,313Accretion of debt discount on convertible senior notes and other long-term liabilities9,3412,449Accretion of contingent consideration1,656-Non-cash stock-based compensation expense7,8477,492Gain on sale of other long-term investment(1,925)-Effect of exchange rate changes and others9,1392,795Changes in operating assets and liabilities(32,583)(1,159)Net cash provided by operating activities1,52728,055Investing activitiesPurchase of short-term and long-term available-for-sale investments(154,887)(177,740)Sale or maturity of short-term and long-term available-for-sale securities139,494115,867Capital expenditures(18,490)(27,652)Cash paid for other intangible assets and investments(1,692)(1,910)Proceeds from sale of long-term investments3,426-Proceeds from foreign currency exchange contracts-501Payment for foreign currency exchange contracts-(15)Net cash used in investing activities(32,149)(90,949)Financing activitiesRepayment of capital lease liability(15)(44)Proceeds from sale of common stock under employee stock purchase plan1,7131,898Proceeds from exercise of common stock options1,1855,432Net cash provi
|SOURCE Volcano Corporation|
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