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Gen-Probe Reports Financial Results for the First Quarter of 2011
Date:4/28/2011

ur ability to achieve results described in any forward-looking statements.  For additional information about risks and uncertainties we face and a discussion of our financial statements and footnotes, see documents we file with the SEC, including our most recent annual report on Form 10-K and all subsequent periodic reports.  We assume no obligation and expressly disclaim any duty to update forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.

Contact:
Michael Watts
Vice president, investor relations and
corporate communications
858-410-8673Gen-Probe IncorporatedConsolidated Balance Sheets - GAAP(In thousands, except share and per share data)March 31,December 31,20112010(Unaudited)AssetsCurrent assets:Cash and cash equivalents

$  93,563$  59,690Marketable securities

177,908170,648Trade accounts receivable, net of allowance for doubtful accounts
  of $405 and $355 at March 31, 2011 and December 31, 2010,
  respectively

59,63354,739Accounts receivable — other

3,5485,493Inventories

65,18066,416Deferred income tax

13,77413,634Prepaid income tax

262,993Prepaid expenses

13,83711,672Other current assets

5,6985,148Total current assets

433,167390,433Marketable securities, net of current portion

219,808259,317Property, plant and equipment, net

163,538160,863Capitalized software, net

14,01413,981Patents, net

12,32712,450Goodwill

150,639150,308Purchased intangibles, net

118,338120,270License, manufacturing access fees and other assets, net

62,42760,175Total assets

$1,174,258$1,167,797Liabilities and stockholders' equityCurrent liabilities:Accounts payable

$  11,471$  14,614Accrued salaries and employee benefits

19,06626,825Other accrued expenses

16,768
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SOURCE Gen-Probe Incorporated
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