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BioMarin Announces Fourth Quarter and Full Year 2007 Financial Results
Date:2/26/2008

stock-based compensation

expense $3,091 $5,465 $9,590 $18,283

BIOMARIN PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

December 31, 2006 and 2007

(In thousands, except for share and per share data)

December 31, December 31,

2006 2007

ASSETS

Current assets:

Cash and cash equivalents $89,162 $228,343

Short-term investments 199,685 357,251

Accounts receivable, net 14,670 16,976

Advances to BioMarin/Genzyme LLC 1,596 2,087

Inventory 25,075 32,445

Other current assets 4,036 7,195

Total current assets 334,224 644,297

Investment in BioMarin/Genzyme LLC 31,457 44,881

Property, plant and equipment, net 55,466 76,818

Intangible assets, net 11,655 9,596

Goodwill 21,262 21,262

Restricted cash 1,731 2,889

Other assets 7,641 15,536

Total assets $463,436 $815,279

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable and accrued liabilities $32,166 $49,907

Current portion of acquisition obligation,

net of discount 6,787 6,309

Current portion of deferred rev
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SOURCE BioMarin Pharmaceutical Inc.
Copyright©2008 PR Newswire.
All rights reserved

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