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Jazz Pharmaceuticals, Inc. Announces Fourth Quarter and Full Year 2009 Financial Results
Date:3/3/2010

Three Months Ended Year Ended December 31, December 31, --------------- -------------- 2009 2008 2009 2008 ---- ---- ---- ---- Revenues: Product sales, net $37,319 $18,880 $115,108 $64,637 Royalties, net 681 431 2,203 1,739 Contract revenues 284 284 11,138 1,138 --- --- ------ ----- Total revenues 38,284 19,595 128,449 67,514 Operating expenses: Cost of product sales 2,782 3,305 9,638 13,924 Research and development 6,317 14,689 36,561 69,963 Selling, general and administrative 15,718 20,183 58,652 111,401 Intangible asset amortization 2,057 3,374 7,668 12,828 Intangible asset impairment - 29,763 - 29,763 --- ------ --- ------ Total operating expenses 26,874 71,314 112,519 237,879 ------ ------ ------- ------- Income (loss) from operations 11,410 (51,719) 15,930 (170,365) Interest income 5 134 34 1,834 Interest expense (5,762) (5,365) (22,796) (19,742) Other income (expense), net - 10 (4) 16 Gain on sale of product rights - -
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