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Angiotech Pharmaceuticals, Inc. announces financial results for the fourth quarter ended December 31, 2009
Date:3/3/2010

303)d (333)d (684)g (177)g - (665)f Depreciation and amortiz- ation 8,406 (7,612)e 794 8,421 (7,460)e 961 Write-down of assets held for sale 3,090 (3,090)i - 1,283 (1,283)i - Write-down of goodwill - - - 50,285 (50,285)i - ------------------------------------------------------------------------- 71,577 (13,089) 58,488 115,489 (62,224) 53,265 ------------------------------------------------------------------------- Operating income (loss) (8,016) 13,036 5,020 (53,407) 61,872 8,465 ------------------------------------------------------------------------- Other income (expenses): Foreign exchange (loss) gain (385) 385 h - (1,032) 1,032 h - Investment and other income (loss) 304 288 j 92 (498) 544 j 46 (500)c Interest expense on long-term debt (9,068) 712 f (8,356) (10,639) 559 f (10,080) Write-down/ loss on investments - - - (10,964) 10,964 i - Write-down and other deferred financing charges - - - (3,000) 3,000 f - ------------------------------------------------------------------------- (9,149) 885 (8,264) (26,133) 16,099 (10,034) ------------------------------------------------------------------------- (Loss) income before income taxes (17,165) 13,921 (3,244) (79,540) 77,971 (1,569) Income tax expense (recovery) (1,532) 3,016 l 1,484 (2,577
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SOURCE Angiotech Pharmaceuticals, Inc.
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