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

$(20,916)

Selling,

general and

administrative $(1,016,066) $(64,000)

Research and

development $(641,388) $(25,000)

Amortization of

intangibles $-

Purchase of

in-process

research and

development $-

Equity in income

(loss) of equity

method

investments $23,548

Minority interest $101

Gains (losses) on

investments in

equity securities $2,219 $10,848

Other $(1,383) $(5,735)

Investment income $70,196

Interest Expense $(12,147)

Summary:

Income (loss) before

income taxes $1,357,862 $ - $10,848 $(64,000) $(25,000) $(26,651)

(Provision for)

benefit from

income taxes $(417,932) - (2,698) - 9,069 9,702

Net income (loss) $939,930 $ - $8,150 $(64,000) $(15,931) $(16,949)

Net income (loss)

per share:

Basic $3.56 $ - $0.03 $(0.24) $(0.06) $(0.06)

Diluted (1) $3.47 $(0.09) $0.03 $(0.23) $(0.06) $(0.06)

Weighted average

shares outstanding:

Basic 263,895

Diluted (1) 271,081 9,686

Acquisition Amortization FAS 123R Effect of GAAP

Related Expense FIN 46 As Reported

Income Statement

Classification:

Total revenues $3,813,519

Cost of products

and services sold $(25,677) $(927,330)

Selling, general

and administrative $(106,172) $(200) $(1,186,438)

Research and

development $(58,10
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SOURCE Genzyme Corporation
Copyright©2008 PR Newswire.
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