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Nektar Therapeutics Announces Fourth Quarter and Year-End 2007 Financial Results


receivable 24,318 (34,654)

Decrease (increase) in inventories 1,503 3,971

Decrease (increase) in other assets 7,443 1,095

Increase (decrease) in accounts

payable (3,147) (8,926)

Increase (decrease) in accrued

compensation 986 3,581

Increase (decrease) in accrued

expenses 36,151 5,503

Increase (decrease) in interest

payable (1,176) 23

Increase (decrease) in deferred

revenue 40,863 16,245

Increase (decrease) in other

liabilities (190) 4,310

Net cash provided by (used in)

operating activities 146,302 (92,715)

Cash flows from investing activities:

Purchases of property and equipment (32,796) (22,524)

Purchases of investments (593,118) (502,230)

Sales of investments 2,057 2,252

Maturities of investments 591,202 405,622

Net cash provided by (used in)

investing activities (32,655) (116,880)

Cash flows from financing activities:

Issuance of common stock, net of

issuance costs 3,780 22,259

Payments of loan and capital lease

obligations (2,895) (10,488)

Repayments of convertible

subordinated notes (102,653) -

Net cash provided by

SOURCE Nektar Therapeutics
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