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United Therapeutics Corporation Reports Second Quarter 2009 Financial Results
Date:7/31/2009

CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2009 2008 2009 2008 ---- ---- ---- ---- As Adjusted(1) As Adjusted(1) (Unaudited) (Unaudited) -------------------- ---------------------- Revenues: Net product sales $81,009 $65,497 $157,867 $124,650 Service sales 2,648 2,393 5,178 4,620 License fees 323 666 665 1,333 --- --- --- ----- Total revenues 83,980 68,556 163,710 130,603 Operating expenses: Research and development 28,646 19,141 49,605 40,217 Selling, general and administrative 49,371 23,093 78,589 42,424 Cost of product sales 9,015 6,564 17,081 12,739 Cost of service sales 1,069 768 1,989 1,479 ----- --- ----- ----- Total operating expenses 88,101 49,566 147,264 96,859 (Loss) income from operations (4,121) 18,990 16,446 33,744 Other (expense) income: Interest income 1,335 2,804 3,056 6,412 Interest expense (3,248) (3,601) (5,885) (6,285)
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