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Genzyme Reports Strong First-Quarter Growth

$- $(56,472)

Net income (loss)

per share:

Basic $0.98 $- $(0.21)

Diluted (1) $0.95 $(0.03) $(0.20)

Weighted average

shares outstanding:

Basic 267,276

Diluted (1) 275,522 9,686


Amortization Expense Reported

Income Statement


Total revenues $1,100,061

Cost of products

and services sold $(6,514) $(272,313)

Selling, general

and administrative $(22,889) $(318,386)

Research and development $(12,585) $(262,797)

Amortization of

intangibles $(55,658) $(55,658)

Equity in income (loss)

of equity method investments $188

Minority interest $463

Gains (losses) on investments

in equity securities $775

Other $(160)

Investment income $14,870

Interest expense $(1,655)


Income (loss) before income

taxes $(55,658) $(41,988) $205,388

(Provision for) benefit

from income taxes $25,957 $12,537 $(60,117)

Net income (loss) $(29,701) $(29,451) $145,271

Net income (loss) per share:

Basic $(0.11) $(0.12) $0.54 <

SOURCE Genzyme Corp.
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All rights reserved

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