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Martek Announces Fourth Quarter and FY 2007 Financial Results
Date:12/12/2007

6 35,290

Changes in operating assets and

liabilities, net (17,859) (14,606)

Net cash provided by operating activities 45,860 35,622

Investing activities:

Expenditures for property, plant and

equipment (8,279) (10,902)

Proceeds from sale of fluorescent detection

products business 900 -

Repurchase of sale-leaseback equipment (3,910) (6,877)

Capitalization of intangible assets (6,010) (6,862)

Net cash used in investing activities (17,299) (24,641)

Financing activities:

Repayments of notes payable and other

long-term obligations, net (1,013) (3,009)

Repayments under revolving credit

facility, net (36,000) (19,000)

Proceeds from stock option exercises

and other, net 3,272 4,509

Net cash used in financing activities (33,741) (17,500)

Net change in cash, cash equivalents and

short-term investments (5,180) (6,519)

Cash, cash equivalents and short-term

investments, beginning of period 26,828 33,347

Cash, cash equivalents and short-term

investments, end of period $21,648 $26,828

CONTACT

Kyle Stults

Investor Relations

(410) 740-0081

kstults@martek.com


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SOURCE Martek Biosciences Corporation
Copyright©2007 PR Newswire.
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