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Savient Pharmaceuticals Reports Third Quarter 2008 Financial Results
Date:11/5/2008

ts:

Cash and cash equivalents $92,023 $124,865

Short-term investments (including

restricted investments) 5,670 17,557

Accounts receivable, net 646 1,490

Notes receivable - 644

Inventories, net 2,084 2,636

Recoverable income taxes 4,160 8,637

Prepaid expenses and other current assets 3,219 3,105

Total current assets 107,802 158,934

Deferred income taxes, net 3,800 3,558

Property and equipment, net 1,512 1,599

Other assets (including restricted

cash and investments) 2,108 3,082

Total assets $115,222 $167,173

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

Accounts payable $2,678 $3,758

Deferred revenues 737 1,298

Other current liabilities 14,692 14,128

Total current liabilities 18,107 19,184

Other liabilities 9,743 8,924

Commitments and contingencies

Stockholders' Equity:

Preferred stock - $.01 par value

4,000,000 shares authorized; no

shares issued - -

Common stock - $.01 par value

150,000,000 shares authorized;

54,335,000 issued and outstanding

at September 30, 2008 and

53,712,000 shares issued and

outstanding at December 31, 2007

Additional paid in capital
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SOURCE Savient Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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