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Cell Genesys Reports Fourth Quarter and Year-End 2007 Results
Date:2/28/2008

0,331) (10,465)

Income (loss) before

income taxes (33,269) (29,472) (125,156) (53,316)

Income tax benefit (provision) (127) (778) 25,882 (29,613)

Net loss $(33,396) $(30,250) $(99,274) $(82,929)

Basic and diluted net loss

per common share $(0.43) $(0.54) $(1.39) $(1.67)

Weighted average shares

of common stock outstanding

- basic and diluted 78,297 55,522 71,255 49,728

CONSOLIDATED BALANCE SHEET DATA

(in thousands) December 31, December 31,

2007 2006

(unaudited) Note 1

Cash, cash equivalents and

short-term investments, including

restricted cash $147,306 $154,074

Prepaid expenses and other current assets 3,932 3,481

Property and equipment, net 119,011 129,643

Unamortized debt issuance costs and other assets 3,143 3,969

Total assets $273,392 $291,167

Other current liabilities $34,561 $15,904

Current portion of accrued income taxes 4 35,410

Other liabilities 3,451 2,851

Non-current portion of accrued income taxes 6,192 -

Non-current portion of capital lease obligation 46,635 48,475

Convertible senior notes 145,000 145,000

Stockholders' equity 37,549 43,527

Total liabilities and stockholders' equity $273,392 $291,167

Note 1. Derived from audited financial statements.


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

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