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Insmed Announces Financial Results for Second Quarter and Six-Months Ended June 30, 2009
Date:8/13/2009

(420) (328) (662) (682) Gain on sale of asset, net 13 - 127,768 - Income (loss) before taxes (1,601) (4,667) 118,988 (9,540) Income tax expense - - 2,794 - Net income (loss) $(1,601) $(4,667) $116,194 $(9,540) Basic net income (loss) per share $(0.01) $(0.04) $0.93 $(0.08) Shares used in computing basic net profit (loss) per share 126,178 121,989 124,360 121,989 Diluted net income (loss) per share $(0.01) $(0.04) $0.93 $(0.08) Shares used in computing diluted net profit (loss) per share 126,178 121,989 124,606 121,989 INSMED INCORPORATED Consolidated Statements of Cash Flows (in thousands - unaudited) Six Months Ended June 30, 2009 2008 Operating activities Net income (loss) $116,194 $(9,540) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization 601 562 Stock based compensation expense 1,922 298 Gain on sale of asset, net (127,768) - Stock options issued for services - 140 Realized loss on investments - 446 Changes in operating assets and liabilities: Accounts receivable (89) 200 Other assets (71) 51 Accounts payab
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