Condensed GAAP Statements of Cash Flows
|$ in thousands||Three Months Ended:|
|Net Cash Provided By (Used In):||Mar. 2012||Dec. 2012||Mar. 2013|
|Financing Activities (Before Equity Issuance)||122,658||104,548||98,378|
|Net Cash Provided (Used) before Equity Issuance||(41,058)||17,983||(33,300)|
|Net Cash Provided by Equity Issuance||81,255||92,779||514|
|Net Increase (Decrease) in Cash and Cash Equivalents||40,197||110,762||(32,786)|
Q1 2013 GAAP Income Statement
For the first quarter of 2013, core Operating Lease Revenue was $15.1 million, rising 85% from $8.1 million in the first quarter of 2012. Total revenue grew 21% year-over-year to $30.0 million.
Gross Profit was $12.7 million, growing 25% year-over-year from $10.1 million in the first quarter of 2012 and yielding Gross Profit Margin of 42%. Total Operating Expenses were $34.5 million, rising from $24.7 million in the first quarter of 2012, as the Company continued to invest in its development capabilities. Loss from Operations was $21.8 million as compared to $14.6 million in the year-ago period.
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