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InterMune Reports First Quarter 2013 Financial Results and Business Highlights
Date:4/24/2013

ctors discussed in detail in the Form 10-K and InterMune's other periodic reports filed with the SEC, including, when available, its Quarterly Report on Form 10-Q for the three months ended March 31, 2013, all of which are available via InterMune's web site at www.intermune.com.

Esbriet® is a registered trademark of InterMune, Inc.Financial tables follow:InterMune, Inc.PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited, in thousands, except per share amounts)Three Months EndedMarch 3120132012Revenue, net  Esbriet

$

10,530

$

4,880Costs and expenses:  Cost of goods sold2,376860  Research and development25,87623,212  Selling, general and administrative29,97626,284Total costs and expenses58,22850,356Loss from operations(47,698)(45,476)Interest income137145Interest expense(3,483)(2,205)Embedded conversion derivative8,758-Loss on extinguishment of debt(7,900)-Other income (expense)480(985)Loss from continuing operations before income taxes(49,706)(48,521)Income tax expense (benefit)399(176)Loss from continuing operations, net of taxes(50,105)(48,345)Income from discontinued operations, net of taxes2301,715Net loss

$

(49,875)

$

(46,630)Basic net income (loss) per common share:Continuing operations(0.65)(0.75)Discontinued operations0.010.03$

(0.64)

$

(0.72)Shares used in computing basic net income (loss) per share77,41164,658InterMune, Inc.PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited, in thousands)March 31,December 31,20132012Cash, cash equivalents and available-for-sale securities

$

441,939

$

307,986Acquired product rights, net18,00018,250Other assets41,74437,230  Total assets

$

501,683

$

363,466Total other liabilities

$

48,163

$

56,899
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SOURCE InterMune, Inc.
Copyright©2012 PR Newswire.
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