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Arena Pharmaceuticals Provides Corporate Update and Reports Second Quarter 2013 Financial Results
Date:8/1/2013

l & administrative

8,6035,21615,85411,571Amortization of acquired technology & other intangibles

01730349  Total operating costs & expenses

29,02120,11752,39841,909Interest & Other Income (Expense)Interest income

16254040Interest expense

(1,778)(2,489)(3,565)(5,520)Gain (Loss) from valuation of derivative liabilities

2,142(16,770)6,001(19,145)Loss on extinguishment of debt

0(4,668)0(6,338)Other

(186)(57)(154)30  Total interest & other income (expense), net

194(23,959)2,322(30,933)Net income (loss)

40,100(22,099)21,224(48,676)Deemed dividend related to beneficial conversion
feature of convertible preferred stock

000(2,824)Net income (loss) allocable to common stockholders

$40,100$(22,099)$21,224$(51,500)Net income (loss) per share allocable to common
stockholders:Basic

$
.18$
(0.12)$
.10$
(0.29)Diluted

$
.18$
(0.12)$
.09$
(0.29)Shares used in calculating net income (loss) per share
allocable to common stockholders:Basic

217,940190,272217,723177,243Diluted

224,528190,272224,551177,243Arena Pharmaceuticals, Inc.Condensed Consolidated Balance Sheet Data(In thousands)June 30, 2013December 31, 2012(unaudited)1Assets  Cash & cash equivalents

$ 178,905$ 156,091  Accounts receivable

1,0965,556  Inventory

7,2456,058  Prepaid expenses & other current assets

3,1743,454  Land, property & equipment, net

73,89875,417  Acquired technology & other non-current assets

13,63614,630Total assets

$ 277,954$ 261,206Liabilities & Stockholders' Equity  Accounts payable & accrued liabilities

$   16,932$   10,210  Total deferred revenues

53,18362,735  Total derivative liabilities

9,04115,042  Total lease fi
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SOURCE Arena Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
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