0.10Shares used in calculating net (loss) income per share:Basic54,65253,65954,46653,309Diluted54,65255,26554,46655,097
VOLCANO CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited)Nine Months Ended
September 30,20132012Operating activitiesNet (loss) income
5,545Adjustments to reconcile net (loss) income to net cash provided by operating activities:Depreciation and amortization18,67717,448Amortization of investment premium, net 2,3052,023Accretion of debt discount on convertible senior notes14,1483,700Accretion of contingent consideration2,537-Non-cash stock-based compensation expense12,09811,428Asset impairment related to restructuring4,616-Other non-cash adjustments8,8722,502Changes in operating assets and liabilities(37,979)(5,362)Net cash provided by operating activities11,26937,284Investing activitiesPurchase of short-term and long-term available-for-sale investments(342,715)(237,669)Sale or maturity of short-term and long-term available-for-sale investments247,790188,556Capital expenditures(26,533)(36,589)Cash paid for acquisitions(15,000)-Cash paid for intangible assets and other investments(2,377)(3,107)Proceeds from sale of long-term investments3,426-Proceeds from foreign currency exchange contracts-1,187Payment for foreign currency exchange contracts-(215)Net cash used in investing activities(135,409)(87,837)Financing activitiesRepayment of debt(22)(68)Proceeds from sale of common stock under employee stock purchase plan3,5763,880Proceeds from exercise of common stock options2,2038,408Net cash provided by financing activities5,75712,220Effect of exchange rate changes on cash and cash equivalents(846)24Net decrease in cash and cash equivalents(119,229)(38,309)Cash and cash equivalents, beginning of period330,635107,016Cash and cash
|SOURCE Volcano Corporation|
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