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Martek Announces First Quarter 2008 Financial Results
Date:3/5/2008

06

Long-term auction rate security investments 15,825 -

Goodwill and other, net 85,977 86,537

Total assets $603,544 $596,695

Liabilities and stockholders' equity:

Current liabilities $37,386 $46,141

Non-current liabilities 10,999 18,827

Stockholders' equity 555,159 531,727

Total liabilities and stockholders' equity $603,544 $596,695

Unaudited Condensed Consolidated Cash Flow Data

Three months ended January 31,

2008 2007

Operating activities:

Net income $8,669 $2,750

Non-cash items 12,015 8,641

Changes in operating assets and liabilities, net (5,568) (16,323)

Net cash provided by (used in) operating activities 15,116 (4,932)

Investing activities:

(Purchase) sale of investments and marketable

securities, net (11,150) 6,850

Expenditures for property, plant and equipment (1,866) (1,628)

Repurchase of sale-leaseback equipment - (3,910)

Capitalization of intangible assets (799) (2,710)

Net cash used in investing activities (13,815) (1,398)

Financing activities:

Repayments of notes payable and other

long-term obligations, net (252) (252)

Borrowings under revolving credit facility, net - 5,000

Proceeds from stock option exercises and

other, net
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SOURCE Martek Biosciences Corporation
Copyright©2008 PR Newswire.
All rights reserved

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