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BioMarin Announces Third Quarter 2008 Financial Results
Date:10/28/2008

Media

Eugenia Shen Susan Berg

BioMarin Pharmaceutical Inc. BioMarin Pharmaceutical Inc.

(415) 506-6570 (415) 506-6594

BIOMARIN PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

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

December 31, September 30,

2007 (1) 2008

(unaudited)

ASSETS

Current assets:

Cash and cash equivalents $228,343 $271,217

Short-term investments 357,251 291,752

Accounts receivable, net 16,976 51,135

Advances to BioMarin/Genzyme LLC 2,087 206

Inventory 32,445 68,094

Other current assets 7,195 14,609

Total current assets 644,297 697,013

Investment in BioMarin/Genzyme LLC 44,881 343

Other investments - 4,659

Property, plant and equipment, net 76,818 110,716

Intangible assets, net 9,596 6,068

Goodwill 21,262 21,262

Restricted cash 2,889 6,219

Other assets 15,536 12,758

Total assets $815,279 $859,038

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable and accrued liabilities $49
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SOURCE BioMarin Pharmaceutical Inc.
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