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Techne Corporation Releases Unaudited Fourth Quarter Results for Fiscal Year 2008
Date:8/5/2008

average common

shares outstanding:

Basic 38,665 39,444 39,139 39,406

Diluted 38,788 39,555 39,247 39,513

TECHNE CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

ASSETS 6/30/08 6/30/07

Cash and equivalents $166,992 $135,485

Short-term available-for-sale investments 39,353 29,289

Trade accounts receivable 31,747 29,559

Other receivables 1,585 1,407

Inventory 9,515 8,757

Other current assets 9,241 8,341

Current assets 258,433 212,838

Available-for-sale investments 87,384 91,433

Property and equipment, net 101,722 91,535

Goodwill and intangible assets, net 29,032 30,167

Other non-current assets 30,798 28,871

Total assets $507,369 $454,844

LIABILITIES

Current liabilities $20,239 $17,193

Stockholders' equity 487,130 437,651

Total liabilities and equity $507,369 $454,844


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SOURCE Techne Corporation
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