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BioMarin Announces Third Quarter 2011 Financial Results
Date:10/27/2011

the non-GAAP results and expectations internally for its operating, budgeting and financial planning purposes and uses the adjusted EBITDA methodology in establishing corporate goals for internal compensation programs.

Diluted Earnings Per Share Calculation The calculation of GAAP diluted earnings per share for the three and nine months ended September 30, 2011 excludes 17.4 million shares in both periods, related to the outstanding convertible debt as their impact is considered antidilutive.  The calculation of GAAP diluted earnings per share for the three and nine months ended September 30, 2010 includes 26.3 in both periods, related to the outstanding convertible debt as their impact is considered dilutive.  Additionally, all other potentially issuable shares were considered antidilutive under the Treasury method, including stock options, restricted stock, potential future ESPP shares and shares in the Nonqualified Deferred Compensation Plan.

The calculation of non-GAAP adjusted EBITDA earnings per share for the three months ended September 30, 2011 excludes 173,000 shares related to common stock issued to the Nonqualified Deferred Compensation Plan, and 17.4 million shares related to the outstanding convertible debt, as their impact is considered antidilutive. The calculation of non-GAAP adjusted EBITDA earnings per share for the nine months ended September 30, 2011 excludes 173,000 shares related to common stock issued to the Nonqualified Deferred Compensation Plan, and 1.4 million shares related to the outstanding convertible debt, as their impact is considered antidilutive. The calculation of the non-GAAP adjusted EBITDA earnings per share for the three and nine months ended September 30, 2010 excludes 114,000 shares related to common stock issued to the Nonqualified Deferred Compensation Plan as their impact is considered antidilutive.

Conference Call DetailsBioMarin will host a conference call and webcast to discuss thi
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