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Martek Announces Third Quarter 2008 Financial Results
Date:9/4/2008

>Unaudited Condensed Consolidated Balance Sheets Data

July 31, October 31,

2008 2007

Assets:

Cash and cash equivalents $57,622 $16,973

Short-term investments - 4,675

Accounts receivable, net 50,065 41,643

Inventories, net 113,116 109,409

Other current assets 5,190 8,237

Property, plant and equipment, net 266,988 277,915

Deferred tax asset 38,422 51,306

Long-term auction rate security investments 14,660 -

Goodwill and other, net 84,121 86,537

Total assets $630,184 $596,695

Liabilities and stockholders' equity:

Current liabilities $41,763 $46,141

Non-current liabilities 10,297 18,827

Stockholders' equity 578,124 531,727

Total liabilities and stockholders' equity $630,184 $596,695

Unaudited Condensed Consolidated Cash Flow Data

Nine months ended

July 31,

2008 2007

Operating activities:

Net income $27,203 $13,745

Non-cash items 38,160 28,792

Changes in operating assets and liabilities, net (3,424) (21,014)

Net cash provided by operating activities 61,939
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SOURCE Martek Biosciences Corporation
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