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Isis Reports Strong Financial Results and Highlights for Second Quarter of 2009
Date:8/6/2009

als, Inc. Condensed Consolidated Balance Sheets (In Thousands) June 30, December 31, 2009 2008(1) -------- ------------ (unaudited) Assets: Cash, cash equivalents and short- term investments $637,511 $490,998 Other current assets 10,001 27,386 Property, plant and equipment, net 26,636 17,371 Other assets 35,013 37,021 -------- -------- Total assets $709,161 $572,776 ======== ======== Liabilities and stockholders' equity: Other current liabilities $45,769 $32,037 Current portion of deferred contract revenue 82,092 92,662 2 5/8% convertible subordinated notes 121,464 117,993 Long-term obligations, less current portion 10,643 9,938 Long-term deferred contract revenue 143,376 172,766 Stockholders' equity 305,817 147,380 -------- -------- Total liabilities and stockholders' equity $709,161 $572,776 ======== ======== (1) Adjusted for the required retrospective adoption of FSP 14-1 and SFAS 160.

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SOURCE Isis Pharmaceuticals, Inc.
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