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Thoratec Reports 10 Percent Increase in Fiscal 2007 Revenues; Fourth Quarter Revenues Largest in Company History
Date:2/5/2008

s press release. These tables include adjustments that we can reasonably predict. Events that could cause the reconciliation to change include acquisitions and divestitures of business, goodwill and other asset impairments and sales of marketable equity securities.

The following table includes the GAAP income statement for the three months and twelve months periods ending in 2007 and 2006.

THORATEC CORPORATION

Condensed Consolidated Statement of Operations

(Unaudited)

(in thousands, except for per share data)

Three Months For the Fiscal

Ended Year Ended

December December December December

29, 2007 31, 2006 29, 2007 31, 2006

Product sales $64,082 $58,848 $234,780 $214,133

Cost of product sales 28,364 23,808 98,516 88,648

Gross profit 35,718 35,040 136,264 125,485

Operating expenses:

Selling, general and

administrative 20,092 18,459 82,044 73,687

Research and development 11,463 11,733 43,835 39,841

Amortization of purchased

intangible assets 3,143 3,134 12,582 12,055

In-process research and development - 1,120 - 1,120

Litigation - - - 447

Total operating expenses 34,698 34,446 138,461 127,150

Income (loss) from operations 1,020 594 (2,197) (1,665)

Other income and (expense):

Interest expense (927) (1,117) (4,085) (4,276)

Interest income and oth
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SOURCE Thoratec Corporation
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