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Metabolix Announces Third Quarter 2013 Financial Results









0.38Number of shares used in per share calculations:Basic34,516,05134,243,79234,435,12934,188,146Diluted34,516,05134,243,79234,435,12934,270,455 METABOLIX, INC.CONDENSED CONSOLIDATED BALANCE SHEETUNAUDITED(in thousands)September 30,December 31,20132012AssetsCash, cash equivalents and short-term investments$


43,773Inventory3,4003,204Other current assets1,7951,978Restricted cash619594Property and equipment, net8911,358Long-term investments-2,508Other assets5095Total assets$


53,510Liabilities and Stockholders' EquityAccounts payable and accrued liabilities$


4,752Short-term deferred revenue4501,067Current portion of deferred rent97165Other current liabilities141-Other long-term liabilities-186Total liabilities4,3006,170Total stockholders' equity28,20347,340Total liabilities and stockholders' equity$


53,510 METABOLIX, INC.CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWSUNAUDITED(in thousands)Nine Months Ended September 30,20132012Cash flows from operating activitiesNet loss$


13,147Adjustments to reconcile net loss to cash used in operating activities:Depreciation 7371,026Charge for 401(k) company common stock match356350Stock-based compensation2,4412,935Inventory impairment317-Changes in operating assets and liabilities:Inventory(513)(3,028)Deferred revenue(617)(37,900)Other operating assets and liabilities(1,056)(954)Net cash used in operating activities(20,214)(24,424)Cash flows from investing activitiesPurchase of property and equipment(281)(397)Proceeds from sale of equipment-12Change in restricted cash(25)28Purchase of investments(15,621)(56,428)Proceeds from sale and maturity of short-term investments30,44777,320Net cash provided by investing activities14,52020,535Cash flows from financing activ

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