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Genzyme Delivers Strong Fourth Quarter to Conclude Outstanding Year
Date:2/13/2008

sed Consolidated Balance Sheets December 31, December 31,

(Unaudited, amounts in thousands) 2007 2006

Cash and all marketable securities $1,460,394 $1,285,604

Other current assets 1,629,820 1,377,437

Property, plant and equipment, net 1,968,402 1,610,593

Intangibles, net 2,964,810 2,790,819

Other assets (1) 265,282 126,735

Total assets $8,288,708 $7,191,188

Current liabilities $1,462,059 $651,439

Noncurrent liabilities (1) 186,399 879,038

Stockholders' equity 6,640,250 5,660,711

Total liabilities and stockholders' equity $8,288,708 $7,191,188

(1) Other assets as of December 31, 2007 includes $109,221K of net

deferred tax assets, as compared to net deferred tax liabilities of

$10,909K as of December 31, 2006, which were included as a component

of noncurrent liabilities.

GENZYME CORPORATION

RECONCILIATION OF GAAP TO NON-GAAP EARNINGS

Year to Date as of December 31, 2007

(Amounts in thousands, except per share data)

Dilution

Due to Gain on

Common Invest- Litig-

Stock ments ation Mile- Manufact

Equiv- in Equity Settle- stone -uring

NON-GAAP alents Securities ment Payment Related

Income Statement

Classification:

Total revenues $3,813,519

Cost of products

and services

sold $(880,737)
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SOURCE Genzyme Corporation
Copyright©2008 PR Newswire.
All rights reserved

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