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Watson Pharmaceuticals Reports Second Quarter 2008 Results


shares outstanding 117,652 117,080 117,511 116,909

The following table presents Watson's Condensed Consolidated Balance Sheets as of June 30, 2008 and December 31, 2007:

Table 2

Watson Pharmaceuticals, Inc.

Condensed Consolidated Balance Sheets

(Unaudited; in thousands)

June 30, December 31,

2008 2007


Cash and cash equivalents $265,469 $204,554

Marketable securities 12,718 11,799

Accounts receivable, net 297,171 267,117

Inventories 490,701 490,601

Other current assets 179,300 199,705

Property and equipment, net 672,670 688,185

Investments and other assets 131,385 129,920

Product rights and other intangibles, net 563,924 603,697

Goodwill 876,449 876,449

Total Assets $3,489,787 $3,472,027

Liabilities and Stockholders' Equity

Current liabilities $424,867 $444,927

Long-term debt 824,540 899,408

Deferred income taxes and other liabilities 269,946 278,227

Stockholders' equity 1,970,434 1,849,465

Total liabilities and stockholders'

equity $3,489,787 $3,472,027

The following table presents Watson's Condensed Consolidat

SOURCE Watson Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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