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Martek Announces Second Quarter 2008 Financial Results
Date:6/4/2008

ities 10,748 18,827

Stockholders' equity 566,448 531,727

Total liabilities and stockholders' equity $620,415 $596,695

Unaudited Condensed Consolidated Cash Flow Data

Six months ended

April 30,

2008 2007

Operating activities:

Net income $17,871 $7,619

Non-cash items 24,464 18,067

Changes in operating assets and liabilities, net (3,579) (17,896)

Net cash provided by operating activities 38,756 7,790

Investing activities:

(Purchase) sale of investments and marketable

securities, net (10,850) 6,850

Expenditures for property, plant and equipment (3,576) (3,059)

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

Capitalization of intangible assets (2,165) (3,929)

Net cash used in investing activities (16,591) (4,048)

Financing activities:

Repayments of notes payable and other

long-term obligations, net (426) (505)

Repayments under revolving credit facility, net - (5,000)

Proceeds from stock option exercises and

other, net 5,944 1,903

Net cash provided by (used in) financing

activities 5,518 (3,602)

Net change in cash, cash equivalents 27,683 140

Cash and cash equivalents, beginning of period 16,973 15,578

Cash and cash equivalents, end of period
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SOURCE Martek Biosciences Corporation
Copyright©2008 PR Newswire.
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