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IDEXX Laboratories Announces Fourth Quarter Results
Date:1/25/2008

hase of fixed assets (65,138) (44,415)

Acquisition of equipment leased

to customers (1,106) (1,720)

Free cash flow $78,603 $73,098

Free cash flow indicates the cash generated from operations and

tax benefits attributable to stock option exercises, reduced by

investments in fixed assets. We feel free cash flow is a useful

measure because it indicates the cash the operations of the

business are generating after appropriate reinvestment for

recurring investments in fixed assets that are required to operate

the business. We believe this is a common financial measure useful

to further evaluate the results of operations.

IDEXX Laboratories, Inc. and Subsidiaries

Common Stock Repurchases (Unaudited)

Three Months Ended Twelve Months Ended

December 31, December 31, December 31, December 31,

2007 2006 2007 2006

Share repurchases

during the period 318,046 285,600 2,577,006 2,675,400

Average price paid

per share $60.20 $41.59 $45.94 $39.51

Shares remaining

under repurchase

authorization as of

December 31, 2007 2,852,254

IDEXX Laboratories, Inc. and Subsidiaries

Earnings per Share Adjusted for Stock Split (Unaudited)

Three Months Ended Twelve Months Ended

December 31, December 31, December 31, December 31,

2007 2006 2007 2006

Basic

As reported $0.42
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SOURCE IDEXX Laboratories, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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