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Neurocrine Biosciences Reports Second Quarter 2011 Results
Date:7/28/2011

5,965

6,315Cease-use expense76

134

176

281Total operating expenses11,061

10,533

21,634

21,455Income (loss) from operations1,096

(5,890)

3,035

(16,059)Other income:Gain on sale/disposal of assets18

53

98

168Deferred gain on real estate737

715

1,473

1,430Investment income and (expense), net120

(65)

239

614Other income, net5

35

13

59Total other income880

738

1,823

2,271Net income (loss)$  1,976

$  (5,152)

$  4,858

$  (13,788)Net income (loss) per common share:Basic$  0.04

$  (0.09)

$  0.09

$  (0.27)Diluted$  0.04

$  (0.09)

$  0.09

$  (0.27)Shares used in the calculation of net income (loss) per common share:Basic55,209

54,836

55,097

50,750Diluted56,434

54,836

56,276

50,750NEUROCRINE BIOSCIENCES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) June 30,
2011December 31,
2010Cash, cash equivalents and short-term marketable securities

$  115,160

$  126,865Other current assets

4,878

6,186Total current assets

120,038

133,051Property and equipment, net

1,263

1,532Long-term investments

3,739Restricted cash

6,104

6,102Total assets

$  127,405

$  144,424Current liabilities

$  49,990

$  52,777Long-term liabilities

51,857

72,302Stockholders' equity

25,558

19,345Total liabilities and stockholders' equity

$  127,405

$  144,424
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SOURCE Neurocrine Biosciences, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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