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Amylin Pharmaceuticals Reports Third Quarter Financial Results
Date:10/19/2011

ng decisions and the pace of market acceptance may also affect the potential for BYETTA, SYMLIN or BYDUREON. These and additional risks and uncertainties are described more fully in the Company's recently filed Form 10-Q. Amylin disclaims any obligation to update these forward-looking statements.(Financial information to follow)AMYLIN PHARMACEUTICALS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)Quarter ended
September 30,Nine months ended
September 30,2011201020112010Revenues:  Net product sales

$ 155,075$ 154,026$ 460,703$ 488,798  Revenues under collaborative agreements

19,8892,07525,0405,825Total revenues

174,964156,101485,743494,623Costs and expenses:  Cost of goods sold

11,67112,68036,05847,644  Selling, general and administrative

63,05970,019192,901214,331  Research and development

46,56051,155133,544145,574  Collaborative profit sharing

58,95961,249179,462194,056  Restructuring

2,4996,0285,4839,452Total costs and expenses

182,748201,131547,448611,057Operating loss

(7,784)(45,030)(61,705)(116,434)Interest and other income, net

(5,412)(5,702)(20,223)(16,697)Net loss

$ (13,196)$ (50,732)$ (81,928)$ (133,131)Net loss per share - basic and diluted

$ (0.09)$ (0.35)$ (0.56)$ (0.93)Shares used in computing net loss per share - basic and diluted

145,987143,763145,545143,354A reconciliation of reported GAAP operating net loss to non-GAAP operating income (loss) excluding non-cash items is provided in the table that follows (in thousands, unaudited):Quarter ended
September 30,Nine months ended
September 30,2011201020112010GAAP operating loss

$ (7,784)$  (45,030)$ (61,705)$  (116,434)Stock-based compensation

7,4097,03023,27727,234Other non-cash compensation

4,3334,02112,91415,631Deprecia
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SOURCE Amylin Pharmaceuticals, Inc.
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