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Jazz Pharmaceuticals Announces First Quarter 2011 Financial Results

aption "Risk Factors" and elsewhere in Jazz Pharmaceuticals' Securities and Exchange Commission filings and reports, including in its annual report on Form 10-K for the year ended December 31, 2010 filed with the Securities and Exchange Commission on March 8, 2011.  Jazz Pharmaceuticals undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

JAZZ PHARMACEUTICALS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) Three Months Ended March 31,20112010 Revenues: Product sales, net

$   49,903$
34,283 Royalties, net

693605 Contract revenues

285285 Total revenues

50,88135,173 Operating expenses: Cost of product sales

2,8092,882 Selling, general and administrative

19,91116,790 Research and development

3,6956,215 Intangible asset amortization

1,8622,057 Total operating expenses

28,27727,944 Income from operations

22,6047,229 Interest income

12 Interest expense

(777)(5,767) Other expense

(1)- Net income  

$   21,827$
,464 Net income per share: Basic

.05 Diluted

.04 Weighted-average common shares used in computing   net income per share: Basic

40,36231,412 Diluted

45,69734,926 JAZZ PHARMACEUTICALS, INC. SUMMARY OF PRODUCT SALES, NET (In thousands) (Unaudited) Three Months Ended March 31,20112010Xyrem

$   42,778$
28,745Luvox CR


$   49,903$
34,283JAZZ PHARMACEUTICALS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands) (Unaudited) March 31,December 31,20112010ASSETSCurrent assets:Cash and cash equivalents

$   65,061$
44,794Restricted cash

400400Accounts receivable, net of allowances


SOURCE Jazz Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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