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Inverness Medical Innovations Announces Fourth Quarter 2008 Results
Date:2/18/2009

accounting principles generally accepted in the United States of America ("GAAP") and should not be considered as an alternative to net income or loss or cash flow from operating activities, as a measure of liquidity or as an indicator of operating performance or any measure of performance derived in accordance with GAAP. In addition, all companies do not calculate non-GAAP financial measures in the same manner and, accordingly, "net income or loss on an adjusted cash basis" presented in this press release may not be comparable to similar measures used by other companies. (b) Amortization expense of $215.3 million and $64.6 million for the year 2008 and 2007 GAAP results, respectively, including $43.4 million and $24.1 million charged to cost of sales, $3.7 million and $2.9 million charged to research and development, $167.3 million and $37.2 million charged to selling, general and administrative expense, in the respective periods, with $0.9 million and $0.4 million charged through equity earnings of unconsolidated entities, net of tax, during the respective periods. (c) Restructuring charge associated with the decision to close facilities of $50.7 million and $6.7 million for the year 2008 and 2007 GAAP results, respectively. The $50.7 million charge for the year ended December 31, 2008 included $17.9 million charged to cost of sales, $7.2 million charged to research and development, $11.3 million charged to selling, general and administrative expense, $7.1 million charged to interest expense and $7.2 million charged through equity earnings of unconsolidated entities, net of tax. The $6.7 million charge for the year ended December 31, 2007 included $2.0 million charged to cost of sales, $2.5 million charged to research and de
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SOURCE Inverness Medical Innovations, Inc.
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Related medicine news :

1. Inverness Medical Innovations Schedules Conference Call for 10:00 a.m. ET February 18, 2009 to Discuss Fourth Quarter 2008 Results
2. James Roosevelt, Jr. Joins Inverness Medical Innovations Board of Directors
3. Inverness Medical Innovations to Present at the 2009 UBS Global Healthcare Services Conference on February 10, 2009
4. Inverness Medical Innovations Presents the pima(TM) Point-of-Care CD4 Instrument at ICASA 2008
5. Inverness Medical Innovations to Participate at JP Morgan Healthcare Conference on January 13, 2009
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7. Inverness Medical Innovations to Present at RBC Capital Markets 2008 Healthcare Conference on December 11, 2008
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9. Inverness Medical Innovations to Present at the Third Annual JMP Securities Healthcare Focus Conference on October 7, 2008
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11. Law Offices of Howard G. Smith Announces 24 Days Remaining to Move to Be a Lead Plaintiff in the Shareholder Lawsuit Against Inverness Medical Innovations, Inc.
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