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United Therapeutics Corporation Reports Third Quarter 2011 Financial Results
Date:10/27/2011

press release whether as a result of new information, future events or any other reason. [uthr-g]

Remodulin and Tyvaso are registered trademarks of United Therapeutics Corporation.

Adcirca is a registered trademark of Eli Lilly and Company.

UNITED THERAPEUTICS CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data)Three Months EndedSeptember 30,Nine Months Ended September 30,2011201020112010(Unaudited)(Unaudited)Revenues:Net product sales

$

201,020$

168,236$

546,784$

428,306License fees

7223391,221903Total revenues

201,742168,575548,005429,209Operating expenses:Research and development

59,43340,337131,379103,391Selling, general and administrative

16,65645,59398,775120,699Cost of product sales

22,67620,15563,57749,139Total operating expenses

98,765106,085293,731273,229Operating income

102,97762,490254,274155,980Other (expense) income:Interest income

1,0165642,5202,308Interest expense

(5,416)(4,809)(16,256)(14,255)Equity loss in affiliate

(43)(39)(110)(130)Other, net

(278)137(1,301)457Total other (expense) income, net

(4,721)(4,147)(15,147)(11,620)Income from continuing operations before income taxes

98,25658,343239,127144,360Income tax expense

(17,641)(18,217)(65,073)(47,332)Income from continuing operations

80,61540,126174,05497,028Discontinued operations:(Loss) income from discontinued operations, net of tax

—(390)7(656)Gain on disposal of discontinued operations, net of tax

3,783—618—Income (loss) from discontinued operations

3,783(390)625(656)Net income

$

84,398$

39,736$

174,679$

96,372Net income per common share:BasicContinuing operations

$

1.38$

0.71$

3.00$

1.74Discontinued operations

$

0.07$

(0.01)$

0.01$

(0.01)Net income per ba
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SOURCE United Therapeutics Corporation
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