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Nektar Therapeutics Reports Fourth Quarter and Year End 2010 Financial Results
Date:3/1/2011

PEUTICSCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited)Twelve Months Ended December 31,20102009Cash flows from operating activities:Net loss

$ (37,938)$ (102,519)Adjustments to reconcile net loss to net cash (used in) provided by operating activities:Depreciation and amortization

16,55114,881Stock-based compensation

17,39910,326Other non-cash transactions

198(657)Impairment of long-lived assets

12,576-Changes in operating assets and liabilities:Accounts receivable

(20,301)6,034Inventory

(795)2,848Other assets

577(200)Accounts payable

4,274(8,046)Accrued compensation

(800)(1,518)Accrued expenses

1,683(4,191)Accrued clinical trial expenses

(2,023)(3,455)Deferred revenue

(47,025)126,795Other liabilities

(247)(559)Net cash (used in) provided by operating activities

(55,871)39,739Cash flows from investing activities:Purchases of investments

(443,122)(451,918)Sales of investments

15,47917,318Maturities of investments

475,813310,707Purchases of property and equipment

(31,457)(16,390)Advance payments for property and equipment

-(4,312)Transaction costs from Novartis pulmonary asset sale

-(4,440)Net cash provided by (used in) investing activities

16,713(149,035)Cash flows from financing activities:Payments of loan and capital lease obligations

(1,356)(1,285)Proceeds from issuances of common stock

8,8914,820Net cash provided by financing activities

7,5353,535Effect of exchange rates on cash and cash equivalents

(219)(226)Net decrease in cash and cash equivalents

$ (31,842)$ (105,987)Cash and cash equivalents at beginning of period

49,597155,584Cash and cash equivalents at end of period

$  17,755$
49,597
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SOURCE Nektar Therapeutics
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Related medicine technology :

1. Nektar Therapeutics President and CEO Howard W. Robin to Present at the 31st Annual Cowen and Company Healthcare Conference in Boston
2. Nektar to Announce Financial Results for the Fourth Quarter and Year-End of 2010 on Tuesday, March 1, 2011, After Close of U.S.-Based Financial Markets
3. Nektar Therapeutics President and CEO, Howard W. Robin, to Present at the 29th Annual J.P. Morgan Healthcare Conference in San Francisco, CA
4. Nektar Therapeutics Reports Third Quarter 2010 Financial Results
5. Nektar to Announce Financial Results for the Third Quarter of 2010 on Thursday, November 4, 2010, After Close of U.S.-Based Financial Markets
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8. Nektar Presents Data Demonstrating Favorable Oral Bioavailability and Drug-Drug Interaction Profile for NKTR-118
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11. Nektar Announces Expanded Phase 2 Clinical Development Plan For NKTR-102 (PEG-irinotecan)
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