Covance Reports Second Quarter Revenue of $475M and EPS of $0.49; Updates Full-Year Financial Targets(12)
添加时间:2010-08-02 原文发表:2010-08-02 人气:58
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2010 2009
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Cash flows from operating activities:
Net income $70,806 $83,285
Adjustments to reconcile net income to net cash
provided by
operating activities:
Depreciation and amortization 51,000 42,887
Non-cash compensation expense associated with
employee benefit
and stock compensation plans 16,215 13,238
Deferred income tax benefit (5,752) (1,387)
Gain on sale of business - (655)
Loss on sale of property and equipment 345 264
Equity investee (earnings) loss (673) 38
Changes in operating assets and liabilities,
net of business
acquired:
Accounts receivable 4,013 (51,478)
Unbilled services (16,830) 8,468
Inventory 3,302 (7,756)
Accounts payable (1,141) (10,040)
Accrued liabilities (19,636) (32,000)