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Martek Announces Fourth Quarter and FY 2008 Financial Results
Date:12/11/2008

ash and cash equivalents $102,495 $16,973 Short-term investments - 4,675 Accounts receivable, net 40,438 41,643 Inventories, net 99,553 109,409 Other current assets 4,866 8,237 Property, plant and equipment, net 265,900 277,915 Deferred tax asset 38,356 51,306 Long-term auction rate security investments 11,336 - Goodwill and other, net 83,037 86,537 Total assets $645,981 $596,695 Liabilities and stockholders' equity: Current liabilities $47,342 $46,141 Non-current liabilities 10,056 18,827 Stockholders' equity 588,583 531,727 Total liabilities and stockholders' equity $645,981 $596,695 Unaudited Condensed Consolidated Cash Flow Data Year ended October 31, 2008 2007 Operating activities: Net income $37,667 $32,013 Non-cash items 49,492 31,186 Changes in operating assets and liabilities, net 19,389 (17,339) Net cash provided by operating activities 106,548 45,860 Investing activities: (Purchase) sale of investments and marketable securities, net (8,450) 6,575 Expenditures for property, plant and equipment (9,785) (8,279) Proceeds from sale of fluorescent detection products business
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SOURCE Martek Biosciences Corporation
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