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Thoratec Reports 44 Percent Increase in Second Quarter Revenues;
Date:7/31/2008

ures to the most directly comparable GAAP financial measures in the tables below include all information reasonably available to Thoratec at the date of this press release. These tables include adjustments that we can reasonably predict. Events that could cause the reconciliation to change include acquisitions and divestitures of business, goodwill and other asset impairments and sales of marketable equity securities.

The following table includes the GAAP income statement for the three and six month periods ending in 2008 and 2007.

THORATEC CORPORATION

Condensed Consolidated Statement of Operations

(Unaudited)

(in thousands, except for per share data)

Three Months Ended Six Months Ended

June 28, June 30, June 28, June 30,

2008 2007 2008 2007

Product sales $82,648 $57,333 $147,075 $114,643

Cost of product sales 31,825 23,648 60,415 46,445

Gross profit 50,823 33,685 86,660 68,198

Operating expenses:

Selling, general and

administrative 23,857 19,134 44,493 41,079

Research and development 12,839 10,767 25,358 21,660

Amortization of purchased

intangible assets 3,296 3,143 6,592 6,296

Total operating expenses 39,992 33,044 76,443 69,035

Income (loss) from operations 10,831 641 10,217 (837)

Other income and (expense):

Interest expense (1,131) (1,074) (2,021) (2,142)

Interest income and other 2,281 1,766 4,459 3,953

Income before income taxes 11,981
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SOURCE Thoratec Corporation
Copyright©2008 PR Newswire.
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