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Kendle Announces First Quarter 2009 Results
Date:5/6/2009

(1) As adjusted resulting from the adoption of APB 14-1, as of January 1, 2009. (2) Each of the "proforma net income" and "proforma net income per share" (i) are measures of performance that are not required by, or presented in accordance with, GAAP; (ii) should not be considered as alternatives to net income or any other performance measures derived in accordance with GAAP; and (iii) should not be considered in isolation or as a substitute for analysis of GAAP results. Kendle International Inc. Selected Balance Sheet and Other Information (In thousands) (Unaudited) Selected Balance Sheet Information: March 31, December 31, 2009 2008 (As Adjusted (1)) Cash, cash equivalents and marketable securities (including restricted cash) $56,001 $36,053 Receivables, net of advance billings 61,180 63,410 Convertible notes 173,601 171,848 Net Services Revenues by Geographic Region: Three Months Ended March 31 2009 2008 North America 53% 46% Europe 33% 42% Latin America 11% 7% Asia-Pacific 3% 5% Segment Information: Three Months Ended
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