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

12,521

(1,298)

11,22313,720

(770)

12,950Net income

$  25,295

$(2,951)

$  22,344$  25,961

$2,149

$  28,110Net income per share:Basic

$  0.53

$  (0.06)

$  0.47$  0.53

$  0.04

$  0.57Diluted

$  0.51

$  (0.06)

$  0.45$  0.52

$  0.05

$  0.57Weighted average shares outstanding:Basic

47,884

—

47,88448,902

—

48,902Diluted

49,338

—

49,33849,366

—

49,366Gen-Probe IncorporatedConsolidated Statements of Income – Non-GAAP Reconciliations(In thousands, except per share data)

(Unaudited)Six Months EndedSix Months EndedJune 30, 2011June 30, 2010Non-GAAPAdjustmentsGAAPNon-GAAPAdjustmentsGAAPRevenues:Product sales

$271,033

$  —

$271,033$263,303

$  —

$263,303Collaborative research revenue

5,185

—

5,1857,405

—

7,405Royalty and license revenue

2,718

—

2,7183,360

—

3,360Total revenues

278,936

—

278,936274,068

—

274,068Operating expenses:Cost of product sales (excluding acquisition-related intangible amortization)

81,181

193

81,37486,791

181

86,972Acquisition-related intangible amortization

—

5,534

5,534—

4,415

4,415Research and development

56,659

17

56,67656,785

—

56,785Marketing and sales

34,026

6

34,03230,605

—

30,605General and administrative

34,108

2,748

36,85629,001

696

29,697Total operating expenses

205,974

8,498

214,472203,182

5,292

208,4
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SOURCE Gen-Probe Incorporated
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