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

he net loss in 2008 was a fourth quarter non-cash impairment charge of $29.8 million relating to the company's LUVOX CR intangible asset.

Jazz Pharmaceuticals' adjusted net income for the quarter ended December 31, 2009 was $10.8 million, or $0.33 per diluted share.  Adjusted net loss for the year ended December 31, 2009 was $1.5 million, or $0.05 per share.  Adjusted net income/(loss) and adjusted net income/(loss) per diluted share are non-GAAP financial measures that exclude from GAAP net income/(loss) and GAAP net income/(loss) per diluted share revenue related to upfront and milestone payments and gains on sales of product rights, and certain expenses comprised of amortization and impairment of intangible assets, stock-based compensation and interest expense associated with a debt discount and debt issuance costs.  A reconciliation of adjusted net income/(loss) and adjusted net income/(loss) per diluted share to GAAP net income/(loss) and GAAP net income/(loss) per diluted share, respectively is available in a table included at the end of this press release.

Jazz Pharmaceuticals' cash, cash equivalents and marketable securities as of December 31, 2009 totaled $15.6 million, excluding restricted cash of $3.0 million.


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