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Nektar Therapeutics Announces Second Quarter 2008 Results
Date:8/6/2008

Goodwill 78,431 78,431

Other intangible assets, net 2,207 2,680

Other assets 4,498 6,289

Total assets $609,493 $725,103

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable $1,862 $3,589

Accrued compensation 11,276 14,680

Accrued expenses to contract

manufacturers - 40,444

Accrued expenses 21,545 12,446

Interest payable 2,645 2,638

Capital lease obligations, current

portion 1,833 2,335

Deferred revenue, current portion 17,053 19,620

Other current liabilities 2,546 2,340

Total current liabilities 58,760 98,092

Convertible subordinated notes 315,000 315,000

Capital lease obligations 21,016 21,632

Deferred revenue 58,595 61,349

Deferred credits 7,626 8,680

Other long-term liabilities 4,795 5,911

Total liabilities 465,792 510,664

Commitments and contingencies

Stockholders' equity:

Preferred stock - -

Common stock 9 9

Capital in excess of par value 1,306,787 1,302,541

Accumulated other comprehensive

income
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SOURCE Nektar Therapeutics
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