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Par Pharmaceutical Reports Adjusted EPS of $0.49 for First Quarter 2009
Date:5/6/2009

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In Thousands, Except Per Share Data) (Unaudited) Three Months Ended March 28, March 29, 2009 2008 Revenues: Net product sales $200,223 $151,237 Other product related revenues 3,812 3,691 Total revenues 204,035 154,928 Cost of goods sold 139,966 105,407 Gross margin 64,069 49,521 Operating expenses: Research and development 7,172 17,158 Selling, general and administrative 32,960 31,346 Settlements and loss contingencies, net (3,376) - Restructuring costs 1,401 - Total operating expenses 38,157 48,504 Gain on sale of product rights and other (1,100) (1,625) Operating income 27,012 2,642 Gain on extinguishment of senior subordinated convertible notes 245 - Equity in loss of joint venture - (20) Loss on marketable securities and other investments, net (55) - Interest income 1,157 3,014 Interest expense (2,567) (3,510) Income from continuing operations before provision for income taxes 25,792 2,126 Provision for income taxes 9,537 743
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SOURCE Par Pharmaceutical Companies, Inc.
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