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Life Technologies Announces Second Quarter 2011 Results
Date:7/28/2011

can be found at on the Investor Relations portion of the company's website at www.lifetechnologies.com.

Investor and Financial Contacts:
Eileen Pattinson
Investor Relations
(760) 603-7208

LIFE TECHNOLOGIES CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONSAND RECONCILIATION OF NON-GAAP ADJUSTMENTS(1)For the three monthsFor the three months(in thousands, except per share data)

ended June 30, 2011ended June 30, 2010(unaudited)GAAPAdjustmentsNon-GAAPGAAPAdjustmentsNon-GAAPRevenues$
941,135

$
3,638

(2)

$
944,773$
903,732

$
,786

(2)

$
905,518Cost of revenues

340,075

(2,094)

(3)

337,981293,000

(313)

(3)

292,687Purchased intangibles amortization

76,476

(76,476)

(4)-70,051

(70,051)

(4)

-Gross profit

524,584

82,208606,792540,681

72,150612,831Gross margin

55.7%64.2%59.8%67.7%Operating expenses:Selling, general and administrative

254,764

(1,452)

(5)

253,312252,813

(1,914)

(5)

250,899Research and development

91,085

(469)

(5)

90,61690,344

(684)

(5)

89,660Purchased in-process research and development

-

--1,650

(1,650)

(4)

-Business consolidation costs

18,666

(18,666)

(6)-23,446

(23,446)

(6)

-Total operating expenses

364,515

(20,587)343,928368,253

(27,694)340,559Operating income

160,069

102,795262,864172,428

99,844272,272Operating margin

17.0%27.8%19.1%30.1%Interest income

1,153

-1,1531,105

-1,105Interest expense

(42,774)

8,833

(7)

(33,941)(39,309)

11,337

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SOURCE Life Technologies Corporation
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