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United Therapeutics Reports Fourth Quarter and Annual 2007 Financial Results

$56,899 $44,147 $201,348 $153,448

Service sales 2,172 1,679 7,435 6,184

Distributor fees 827 - 2,160 -

Total revenues 59,898 45,826 210,943 159,632

Operating expenses:

Research and development 17,710 18,337 83,352 57,570

Selling, general and

administrative 44,226 19,187 99,027 56,052

Cost of product sales 5,745 4,251 19,919 14,973

Cost of service sales 612 502 2,342 2,055

Total operating expenses 68,293 42,277 204,640 130,650

Income (loss) from operations (8,395) 3,549 6,303 28,982

Other income (expense):

Interest income 3,939 3,653 13,602 10,700

Interest expense (34) (481) (2,175) (482)

Equity (loss) in affiliate (56) (93) (321) (491)

Other, net (572) 1,162 (826) 1,199

Total other income, net 3,277 4,241 10,280 10,926

Income (loss) before income tax

benefit (5,118) 7,790 16,583 39,908

Income tax benefit 7,104 47,718 3,276 34,057

Net income $1,986 $55,508 $19,859 $73,965

Net income per common share:

Basic $0.09 $2.54 $0.94 $3.21

Diluted $0.08 $2.42 $0.88 $3.06

Weighted average number of common

shares outstanding:

Basic 21,666 21,893 21,224 23,010

Diluted 23,746 22,894 22,451 24,138


SOURCE United Therapeutics Corporation
Copyright©2008 PR Newswire.
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