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ResMed Inc Announces Record Financial Results for the Quarter Ended September 30, 2008
Date:11/6/2008

7

Net revenue $217,931 $185,740

Cost of sales 90,804 73,963

Gross profit 127,127 111,777

Operating expenses

Selling, general and administrative 71,337 62,882

Research and development 17,293 13,013

Amortization of acquired intangible assets 1,933 1,821

Restructuring expenses - 2,297

Total operating expenses 90,563 80,013

Income from operations 36,564 31,764

Other income (expense), net:

Interest income (expense), net 3,231 2,314

Other, net (1,068) (266)

Total other income (expense), net 2,163 2,048

Income before income taxes 38,727 33,812

Income taxes 10,701 9,687

Net income $28,026 $24,125

Basic earnings per share $0.37 $0.31

Diluted earnings per share $0.36 $0.31

Basic shares outstanding 75,613 77,569

Diluted shares outstanding 77,180 78,941

ResMed Inc And Subsidiaries

Consolidated Balance Sheets (Unaudited)

(In US$ thousands except share and per share data)

September 30, June 30,

2008 2008

Assets

Current assets:

Cash and cash equivalents $302,074 $321,078

Accounts receivable, net 175,831 192,200

Inventories
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SOURCE ResMed Inc.
Copyright©2008 PR Newswire.
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