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WuXi PharmaTech Announces Fourth-Quarter and Full-Year 2008 Results
Date:3/25/2009

8 from our continuing operations on a pro-forma basis (non-GAAP). WuXi PharmaTech acquired AppTec, Inc. at the end of January 2008, and our reported results for AppTec in 2008 reflect eleven months of net revenues after the acquisition date. The pro-forma full-year revenues include the January 2008 revenues from continuing operation of the AppTec business. WUXI PHARMATECH (CAYMAN) INC. UNAUDITED CONSOLIDATED BALANCE SHEETS (in thousands of U.S. dollars, except ordinary share, ADS and par value data) December 31, December 31, 2008 2007 Assets: Current assets: Cash and cash equivalents 56,624 213,585 Restricted cash 1,338 5,526 Short-term investment 14,631 -- Accounts receivable, net 36,457 18,199 Inventories 6,926 13,352 Prepaid expenses and other current assets 7,281 11,215 Assets of discontinued operations (Note 1) 6,508 -- Total current assets 129,765 261,877 Non-current assets: Goodwill 23,956 -- Property, plant and equipment, net 152,704 73,635 Intangible assets, net 9,934 921 Land use rights, net 5,424 5,160 Deferred tax assets 8,807 463 Other non-current assets 5,809 1,719 Total non-current assets
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SOURCE WuXi PharmaTech (Cayman) Inc.
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