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eResearchTechnology Reports Second Quarter 2008 Results


Consolidated Balance Sheets

(in thousands, except share and per share amounts)

December 31, June 30, 2008

ASSETS 2007 (unaudited)

Current assets:

Cash and cash equivalents $38,082 $49,446

Short-term investments 8,797 6,405

Accounts receivable, net 26,718 29,302

Prepaid income taxes 743 -

Prepaid expenses and other 3,087 4,291

Deferred income taxes 901 899

Total current assets 78,328 90,343

Property and equipment, net 33,347 29,852

Goodwill 30,908 33,229

Intangible assets 3,849 2,947

Deferred income taxes 1,011 1,375

Other assets 253 660

Total assets $147,696 $158,406


Current liabilities:

Accounts payable $3,505 $3,223

Accrued expenses 12,103 8,078

Income taxes payable 2,352 1,970

Current portion of capital lease

obligations 1,097 290

Deferred revenues 13,905 14,487

Total current liabilities 32,962 28,048

Capital lease obligations, excluding

current portion 48 -

Other l

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

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