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

$(97,531)

Net income (loss) per

share:

Basic $0.94 $- $(0.036) $(0.367)

Diluted (1) $0.91 $(0.024) $(0.033) $(0.344)

Weighted average shares

outstanding:

Basic 265,418

Diluted (1) 273,688 9,686

FAS 123R GAAP

Amortization Expense As Reported

Income Statement Classification:

Total revenues $1,036,758

Cost of products and services sold $(7,137) $(262,657)

Selling, general and administrative $(23,334) $(307,631)

Research and development $(13,128) $(191,588)

Amortization of intangibles $(51,804) $(51,804)

Purchase of in-process

research and development $(106,350)

Equity in income (loss) of

equity method investments $(830) $8,489

Minority interest $-

Gains (losses) on investments

in equity securities $(969)

Other $(7,228)

Investment income $18,509

Interest expense $(2,864)

Summary:

Income (loss) before income taxes $(52,634) $(43,599) $132,665

(Provision for) benefit from

income taxes $19,985 $12,920 $(53,766)

Net income (loss) $(32,649) $(30,679) $78,899

Net income (loss) per

share:

Basic
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SOURCE Genzyme Corporation
Copyright©2008 PR Newswire.
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