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Life Technologies Announces Second Quarter 2013 Results
Date:7/31/2013

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

(Logo: http://photos.prnewswire.com/prnh/20110216/MM49339LOGO)

Investor and Financial Contact:

Carol Cox
Investor Relations
(760) 603-7208
ir@lifetech.com

 LIFE TECHNOLOGIES CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONSFor the three monthsFor the three months(in thousands, except per share data)ended June 30, 2013ended June 30, 2012(unaudited)Revenues$
945,808$
949,309Cost of revenues

318,625328,359Purchased intangibles amortization

70,86575,961Gross profit

556,318544,989Gross margin58.8%57.4%Operating expenses:Selling, general and administrative

276,400266,049Research and development

88,55984,816Business consolidation costs

28,3109,429Total operating expenses

393,269360,294Operating income

163,049184,695Operating margin

17.2%19.5%Interest income

747515Interest expense

(27,649)(29,237)Other expense, net

(1,912)(2,600)Total other expense, net

(28,814)(31,322)Income from operations before provision for income taxes134,235153,373Income tax provision

(7,819)(31,070)Net income

126,416122,303Net loss attributable to non-controlling interests

22451Net income attributable to controlling interest$
26,640$
22,354Effective tax rate 

5.8%20.3%Numerator for diluted earnings  per share$
26,640$
22,354Earnings per common share:Basic earnings per share attributable to controlling interest$
.73$
.69Diluted earnings per share attributable to controlling interest$
.72$
.67Weighted average shares used in p
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SOURCE Life Technologies Corporation
Copyright©2012 PR Newswire.
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