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Par Pharmaceutical Reports Third Quarter 2008 Results

on Form 10-K for the year ended December 31, 2007, in Item 1A of the Company's subsequent Quarterly Reports on Form 10-Q, in other of the Company's filings with the SEC from time to time, including Current Reports on Form 8-K, and on general industry and economic conditions. Any forward-looking statements included in this news release are made as of the date hereof only, based on information available to the Company as of the date hereof, and, subject to any applicable law to the contrary, the Company assumes no obligation to update any forward-looking statements.



(In Thousands, Except Share Data)


September 27, December 31,

2008 2007


Current assets:

Cash and cash equivalents $171,623 $200,132

Available for sale debt and

marketable equity securities 116,042 85,375

Accounts receivable, net 87,723 64,182

Inventories 48,912 84,887

Prepaid expenses and other current assets 16,217 14,294

Deferred income tax assets 48,548 56,921

Income taxes receivable 24,125 17,516

Total current assets 513,190 523,307

Property, plant and equipment, at cost less

accumulated depreciation and amortization 86,321 82,650

Available for sale debt

and marketable equity securities 4,054 6,690

Investment in joint venture - 6,314

Other investments

SOURCE Par Pharmaceutical Companies, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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