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Gen-Probe Reports Financial Results for the Second Quarter of 2011
Date:7/28/2011

xcept per share data)

(Unaudited)Three Months EndedThree Months EndedJune 30, 2011June 30, 2010Non—GAAPAdjustmentsGAAPNon—GAAPAdjustmentsGAAPRevenues:Product sales

$132,921

$  —

$132,921$132,734

$  —

$132,734Collaborative research revenue

1,617

1,6174,141

4,141Royalty and license revenue

1,360

1,3601,774

1,774Total revenues

135,898

135,898138,649

138,649Operating expenses:Cost of product sales (excluding acquisition-related intangible amortization)

39,329

102

39,43144,221

90

44,311Acquisition-related intangible amortization

2,729

2,729—

2,199

2,199Research and development

27,696

17

27,71327,104

27,104Marketing and sales

17,504

6

17,51015,824

15,824General and administrative

17,308

1,395

18,70314,349

669

15,018Total operating expenses

101,837

4,249

106,086101,498

2,958

104,456Income from operations

34,061

(4,249)

29,81237,151

(2,958)

34,193Other income (expense):Investment and interest income

2,937

2,9373,269

3,269Interest expense

(497)

(497)(549)

(549)Gain on contingent consideration

——

4,337

4,337Other income (expense), net

1,315

1,315(190)

(190)Total other income, net

3,755

3,7552,530

4,337

6,867Income before income tax

37,816

(4,249)

33,56739,681

1,379

41,060Income tax expense


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SOURCE Gen-Probe Incorporated
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