Non-GAAP net loss attributable to non-controlling interest, net of tax benefit.The Company reports Non-GAAP results which excludes costs that are not indicative of the profitability or cash flows of the Company's ongoing or future operations. Such costs are restructuring cost, business transformation expenses, amortization and depreciation of deferred revenue, intangibles assets, and fixed assets, and revaluation charges for inventories, contingent consideration liabilities, asset impairments, and in process research and development expenses, incurred as a result of business combinations as well as the impact from the divestiture and discontinuance of product lines. The Company also excludes noncash interest expense associated with convertible debt bifurcation and noncash charges associated with non-controlling interests. In addition, the Company excludes one-time costs including the early repayment of debt and the associated impacts, and the impact of certain settlements in order to provide a supplemental comparison of the results of operations. LIFE TECHNOLOGIES CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONSFor the nine monthsFor the nine months(in thousands, except per share data)ended September 30, 2013ended September 30, 2012(unaudited)Revenues$
2,799,606Cost of revenues964,1851,003,611Purchased intangibles amortization213,886219,192Gross profit
1,665,3391,576,803Gross margin58.6%56.3%Operating expenses:Selling, general and administrative
816,455790,012Research and development
|SOURCE Life Technologies Corporation|
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