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Cambrex Reports Third Quarter 2013 Financial Results

enses:Interest Expense, net1,6471,905Other Expenses, net1196Equity in Losses of Partially-Owned Affiliates1,6571,221Income Before Income Taxes29,93014.0%25,05612.1%Provision for Income Taxes9,0956,069Income from Continuing Operations



18,9879.1%Loss from Discontinued Operations, Net of Tax(3,819)(332)Net Income



18,6559.0%Basic Earnings/(Loss) per Share of Common Stock:Income from Continuing Operations$
.64Loss from Discontinued Operations, Net of Tax$
(0.01)Net Income$
.63Diluted Earnings/(Loss) per Share of Common Stock:Income from Continuing Operations$
.63Loss from Discontinued Operations, Net of Tax$
(0.01)Net Income$
.62Weighted Average Shares OutstandingBasic30,08129,645Diluted30,93830,140 CAMBREX CORPORATIONConsolidated Balance SheetsAs of September 30, 2013 and December 31, 2012(in thousands)September 30,December 31,Assets20132012Cash and Cash Equivalents



23,551Trade Receivables, net53,99643,094Inventories, net101,40771,221Prepaid Expenses and Other Current Assets18,1796,104  Total Current Assets198,674143,970Property, Plant and Equipment, net166,990151,815Goodwill38,01937,312Intangible Assets, net3,9934,091Investments in and Advances to Partially-Owned Affiliates13,02315,094Deferred Income Taxes37,07939,262Other Non-Current Assets8,6672,924  Total Assets



394,468Liabilities and Stockholders' EquityAccounts Payable



27,612Deferred Revenue11,54111,570Accrued Expenses and Other Current Liabilities43,25743,844  Total Current Liabilities86,84283,026Long-Term Debt101,05064,000Deferred Income Taxes19,45818,577Accrued Pension Benefits54,38255,373Other Non-Current Liabilities18,38310,195  Total Liabilities



231,171  Stockholders' Equity

SOURCE Cambrex Corporation
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