Total current liabilities 1,797,456 2,005,790
LONG-TERM DEBT 203,317 3,788
DEFERRED TAX LIABILITIES, net 75,860 56,540
OTHER LIABILITIES 143,020 138,084
Total liabilities 2,219,653 2,204,202
STOCKHOLDERS' EQUITY:
Common stock, $0.01 par value 701 700
Additional paid-in capital 1,951,294 1,934,965
Treasury stock, at cost (158,197) (158,173)
Accumulated deficit (585,277) (624,128)
Accumulated other comprehensive income 179,246 148,703
Total stockholders' equity 1,387,767 1,302,067
$3,607,420 $3,506,269
CEPHALON, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Three Months Ended
March 31,
2008 2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $38,851 $75,185
Adjustments to reconcile net income
to net cash provided by operating
activities:
Deferred income tax expense 6,141 11,629
Shortfall tax benefits from stock-based
compensation - (83)
Depreciation and amortization 41,577 30,592
Amortization of debt issuance costs 60 60
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