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Nektar Therapeutics Reports Third Quarter 2009 Financial Results
Date:11/4/2009

tements at that date but does not include all of the information and notes required by generally accepted accounting principles in the United States for complete financial statements. NEKTAR THERAPEUTICS CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (unaudited) Nine Months Ended September 30, ----------------- 2009 2008 ---- ---- Cash flows from operating activities: $(94,843) $(111,118) Net loss Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 11,076 18,610 Stock-based compensation 7,290 6,955 Other non-cash transactions (124) 759 Changes in assets and liabilities: Decrease (increase) in trade accounts receivable 4,505 13,122 Decrease (increase) in inventory 389 2,326 Decrease (increase) in other assets (1,272) 2,659 Increase (decrease) in accounts payable (4,047) (1,476) Increase (decrease) in accrued compensation (1,859) (229) Increase (decrease) in accrued clinical trial expenses (4,610) 4,659 Increase (decrease) in accrued expenses (1,413) (1,390) Increase (decrease) in accrued expenses to contract manufacturers
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1. Nektar to Announce Financial Results for the Third Quarter of 2009 on Wednesday, November 4, 2009, After Close of U.S.-Based Financial Markets
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