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

1) $(7,461) $(731,950)

Amortization of

intangibles $(201,105) $(201,105)

Purchase of

in-process

research and

development $(106,350) $(106,350)

Equity in income

(loss) of equity

method

investments $(19,150) $(830) $3,830 $7,398

Minority interest $3,831 $3,932

Gains (losses) on

investments in

equity securities $13,067

Other $(7,118)

Investment income $70,196

Interest Expense $(12,147)

Summary:

Income (loss)

before income

taxes $(125,500) $(201,935) $(189,950) $- $735,674

(Provision for)

benefit from

income taxes 15,781 72,449 58,148 - (255,481)

Net income

(loss) $(109,719) $(129,486) $(131,802) $- $480,193

Net income

(loss) per share:

Basic $(0.41) $(0.49) $(0.50) $- $1.82

Diluted (1) $(0.39) $(0.46) $(0.47) $- $1.74

Weighted average

shares outstanding:

Basic 263,895

Diluted (1) 280,767

(1) Non-GAAP basic and diluted earnings per share reflects the sum of the

quarterly Non-GAAP diluted earnings per share activity for Q1-Q4 2007.

(2) GAAP As-Reported diluted earnings per share and diluted weighted

average shares outstanding reflect the adoption of EITF 04-8. In

accordance with the provisions of EIT
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SOURCE Genzyme Corporation
Copyright©2008 PR Newswire.
All rights reserved

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