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Insmed Announces Financial Results for Second Quarter and Six-Months Ended June 30, 2011
Date:8/8/2011

rating activities:Depreciation and amortization15425Stock based compensation expense652129Changes in operating assets and liabilities:  Accounts receivable16855  Income tax receivable-2,023  Prepaid expenses and other assets(364)(182)  Accounts payable471600  Accrued expenses(94)(195)  Deferred revenue(207)40Net cash (used in) provided by operating activities(16,132)2,235Investing activities  Purchase of fixed assets(68)-  Sales of short-term investments 16,76969,239  Purchases of short-term investments (1,463)(72,668)Net cash provided by (used in) investing activities15,238(3,429)Financing activitiesPayments on capital lease obligations(42)-Repayment of convertible notes-(230)Proceeds from issuance of common stock32-Net cash used in financing activities(10)(230)Decrease in cash and cash equivalents(904)(1,424)Cash and cash equivalents at beginning of period10,74312,740Cash and cash equivalents at end of period$
9,839$
,316Supplemental disclosures of cash flow informationCash paid for interest$
7$
3Cash paid for taxes, net$
2$
-Supplemental disclosures of non-cash investing and financing activitiesUnrealized gain on investments$
24$
2Accretion of beneficial conversion feature$
(9,175)$
-Investor Relations Contact:
Brian Ritchie - FD
212-850-5683
brian.ritchie@fd.com
Media Contact:
Irma Gomez-Dib - FD
212-850-5761
irma.gomez-dib@fd.com


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SOURCE Insmed Incorporated
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