CALIPER TECHNOLOGIES CORP

CIK:0001014672|SEC Filings

Comprehensive Income (loss)

9 Months Ended

Sep. 30, 2011

7. Comprehensive Income (loss)

Comprehensive income (loss) is as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Net income (loss)	$	(782	)	$	(1,310	)	$	(6,615	)	$	5,709
Unrealized gain (loss) on marketable securities	54			8			194			6
Foreign currency translation gain (loss)	(5		)	240			2			53
Comprehensive income (loss)	$	(733	)	$	(1,062	)	$	(6,419	)	$	5,768

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	Sep. 30, 2011	Sep. 30, 2010
Operating activities
Net income (loss)	$ (6,615)	$ 5,709
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	7,452	5,478
Stock-based compensation expense, net	2,902	2,599
Gain on divestiture		(11,387)
Non-cash restructuring charge, net	2,257	1,375
Foreign currency exchange losses (gains)	(74)	165
Changes in operating assets and liabilities:
Accounts receivable	2,586	2,446
Inventories	(2,976)	(1,667)
Prepaid expenses and other current assets	(749)	(377)
Accounts payable and other accrued liabilities	228	(326)
Accrued compensation	(678)	(2,100)
Deferred revenue and customer deposits	1,448	286
Other noncurrent liabilities	(487)	(767)
Payments of accrued restructuring obligations, net	(2,338)	(1,319)
Net cash from operating activities	2,956	115
Investing activities
Purchases of marketable securities	(8,607)	(13,031)
Proceeds from sales of marketable securities	1,261
Proceeds from maturities of marketable securities	6,800	6,555
Other assets	125	(2)
Purchases of property and equipment	(1,854)	(1,460)
Proceeds from divestiture		16,500
Net cash from investing activities	(2,275)	8,562
Financing activities
Borrowings under credit facility		12,900
Payments of credit facility		(27,800)
Payments of capital lease obligations and other obligations	(444)	(55)
Proceeds from issuance of common stock (Note 12)	11,632	502
Net cash from financing activities	11,188	(14,453)
Effect of exchange rates on changes in cash and cash equivalents	45	51
Net increase (decrease) in cash and cash equivalents	11,914	(5,725)
Cash and cash equivalents at beginning of period	24,614	34,522
Cash and cash equivalents at end of period	$ 36,528	$ 28,797

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 36,528	$ 24,614
Marketable securities	10,779	10,232
Accounts receivable, net	24,328	26,544
Inventories	16,998	14,004
Prepaid expenses and other current assets	3,566	2,916
Total current assets	92,199	78,310
Property and equipment, net	9,555	9,765
Intangible assets, net	22,410	27,797
Goodwill	27,958	27,958
Other assets	570	592
Total assets	152,692	144,422
Current liabilities:
Accounts payable	7,293	6,820
Accrued compensation	8,777	8,830
Other accrued liabilities	10,982	11,160
Deferred revenue and customer deposits	15,020	13,503
Current portion of accrued restructuring	1,528	2,091
Total current liabilities	43,600	42,404
Noncurrent portion of accrued restructuring	2,250	1,839
Other noncurrent liabilities	7,426	8,360
Deferred tax liability	1,131	1,131
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized, 54,638,799 and 52,064,675 shares issued and outstanding in 2011 and 2010, respectively	55	52
Additional paid-in capital	410,622	396,609
Accumulated deficit	(312,976)	(306,361)
Accumulated other comprehensive income	584	388
Total stockholders' equity	98,285	90,688
Total liabilities and stockholders' equity	$ 152,692	$ 144,422