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Jazz Pharmaceuticals, Inc. Announces Fourth Quarter and Full Year 2008 Financial Results
Date:3/26/2009

nths Year Ended December Ended December 31, 31, --------------- ----------------- 2008 2007 2008 2007 ---- ---- ---- ---- Revenues: Product sales, net $18,880 $14,860 $64,637 $53,536 Royalties, net 431 332 1,739 1,156 Contract revenues 284 285 1,138 10,611 --- --- ----- ------ Total revenues 19,595 15,477 67,514 65,303 Operating expenses: Cost of product sales 3,305 3,283 13,924 8,903 Research and development 14,689 20,540 69,963 69,792 Selling, general and administrative 20,183 27,958 111,401 78,540 Intangible asset amortization 3,374 2,280 12,828 9,217 Intangible asset impairment 29,763 20,160 29,763 20,160 Provision for government settlement - - - 17,469 --- --- --- ------ Total operating expenses 71,314 74,221 237,879 204,081 ------- ------- -------- -------- Loss from operations (51,719) (58,744) (170,365) (138,778) Interest income 134 1,582 1,834 5,942 Interest expense (5,365) (3,554) (19,742) (13,647) Other income (expense) 10 (19) 16 1,797 Gain on sale of product
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