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Edwards Lifesciences Reports Strong First Quarter Results and Raises 2008 Guidance

les, net 155.3 145.3

Inventories, net 139.5 152.6

Deferred income taxes 34.8 30.2

Prepaid expenses 30.8 25.4

Other current assets 41.6 37.0

Total current assets 591.6 581.7

Property, plant and equipment, net 223.6 228.2

Goodwill 315.7 350.3

Other intangible assets, net 111.9 122.5

Investments in unconsolidated

affiliates 28.0 34.3

Deferred income taxes 19.7 13.8

Other assets 19.8 14.3

Total assets $1,310.3 $1,345.1


Current liabilities

Accounts payable and accrued

liabilities $241.6 $225.4

Convertible debt 150.0 150.0

Total current liabilities 391.6 375.4

Long-term debt 62.9 61.7

Other long-term liabilities 78.2 73.0

Stockholders' equity

Common stock 68.9 68.6

Additional contributed capital 695.0 680.6

Retained earnings 566.8 548.6

Accumulated other comprehensive income 17.2 7.5

Common stock in treasury, at cost (570.3) (470.3)

Total stockholders' equity

SOURCE Edwards Lifesciences Corporation
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