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Gen-Probe Reports Strong Financial Results for Fourth Quarter and Full Year 2007
Date:2/13/2008

ting activities:

Depreciation and amortization 34,159 27,496

Amortization of premiums on investments, net

of accretion of discounts 4,576 3,204

Stock-based compensation charges 19,651 23,723

Stock option income tax benefits 2,596 191

Excess tax benefit from employee stock options (14,606) (9,187)

Loss on disposal of property and equipment 201 99

Impairment of fixed assets 502 -

Changes in assets and liabilities:

Accounts receivable (16,180) 6,544

Inventories 3,588 (7,798)

Prepaid expenses (6,141) (595)

Other current assets (2,307) 1,683

Other long-term assets (1,131) (2,147)

Accounts payable (1,818) (471)

Accrued salaries and employee benefits 4,273 2,063

Other accrued expenses 679 (27)

Income tax payable (397) 9,970

Deferred revenue 2,855 (7,516)

Deferred income tax (7,621) (6,559)

Deferred rent (118) (112)

Deferred compensation plan liabilities 683 961

Net cash provided by operating activities 109,584 101,020

Investing activities:

Proceeds from sales and maturities of

short-term investments 140,988 132,657

Purchases of short-term investments (298,824)
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SOURCE Gen-Probe Incorporated
Copyright©2008 PR Newswire.
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