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Isis Reports Financial Results and Highlights for First Quarter 2012
Date:5/8/2012

stent with how Isis' management internally evaluates the performance of its operations. Isis Pharmaceuticals, Inc.Condensed Consolidated Balance Sheets(In Thousands)March 31,December 31,20122011(unaudited)Assets:  Cash, cash equivalents and short-term investments$333,944$343,664  Other current assets13,66916,475  Property, plant and equipment, net95,13296,615  Other assets28,06228,140Total assets$470,807$484,894Liabilities and stockholders' equity:  Other current liabilities$27,387$39,528  Current portion of deferred contract revenue34,32036,584  2 5/8% convertible subordinated notes143,717141,448  Long-term obligations, less current portion73,64274,002  Investment in Regulus Therapeutics Inc.5,4004,424  Long-term deferred contract revenue35,46917,474  Stockholders' equity150,872171,434Total liabilities and stockholders' equity$470,807$484,894
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