Millennium Over-Delivers on 2007 Goals and Financia...(e year ended December 31 2006 the Compan...)
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Millennium Over-Delivers on 2007 Goals and Financial Guidance
Date:2/7/2008
e year ended December 31, 2006, the Company recognized a $19.5 million gain upon receipt of a termination fee as a result of the termination of the support agreement with AnorMED in October 2006, net of transaction costs of approximately $5.5 million. Transaction costs are included in selling, general and administrative expenses.
Millennium Pharmaceuticals, Inc.
Condensed Consolidated Balance Sheets
(unaudited)
December 31, December 31,
2007 2006
(in thousands)
Cash, cash equivalents and marketable
securities $891,276 $894,349
Other current assets 142,794 121,305
Property and equipment, net 147,869 153,349
Restricted cash and other assets 37,611 35,500
Goodwill and intangible assets, net 1,516,950 1,547,309
Total assets $2,736,500 $2,751,812
Current liabilities $132,475 $125,948
Current portion of long term debt - 99,571
Other long term liabilities 43,337 56,075
Capital lease obligations, net of
current portion 73,795 75,041
Long term debt, net of current portion 250,000 250,000
Stockholders' equity 2,236,893 2,145,177
Total liabilities and
stockholders' equity $2,736,500 $2,751,812
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