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Edwards Lifesciences Reports Strong Fourth Quarter Sales
Date:2/5/2008

58.5

Diluted 59.3 60.4 62.7 63.9

Operating Statistics

As a percentage of net sales:

Gross profit 66.0% 63.3% 65.3% 64.0%

Selling, general and

administrative expenses 39.1% 35.8% 38.3% 36.3%

Research and development expenses 11.4% 11.3% 11.2% 11.0%

Income before provision for

income taxes 6.7% 8.9% 13.7% 16.6%

Net income 5.4% 7.8% 10.4% 12.6%

Effective tax rate 19.4% 12.7% 24.6% 24.3%

Computation of Diluted Earnings per

Share

Net income $15.8 $20.7 $113.0 $130.5

Adjustment for convertible debt

interest expense - - 4.0 4.0

Adjusted net income $15.8 $20.7 $117.0 $134.5

Weighted average common shares

outstanding used to calculate diluted

earnings per share

excluding convertible debt 59.3 60.4 60.0 61.2

Weighted average common shares

outstanding for the convertible debt - - 2.7 2.7

Weighted average common shares

outstanding used to calculate diluted

earnings per share including the

convertible debt 59.3 60.4 62.7 63.9

Diluted earnings per share including

the convertible debt $0.27 $0.34 $1.87 $2.10

Note: Numbers may not foot due to rounding

EDWARDS LIFESCIENCES CORPORATION

Unaudited Balance Sheets

(in millions)

December 31, December 31,

2007 2006

ASSETS

Current
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SOURCE Edwards Lifesciences Corporation
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