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Nektar Therapeutics Reports Second Quarter 2009 Financial Results
Date:8/4/2009

ber 31, 2008 has been derived from the audited financial statements at that date but does not include all of the information and notes required by generally accepted accounting principles in the United States for complete financial statements. NEKTAR THERAPEUTICS CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (unaudited) Six Months Ended June 30, ---------------- 2009 2008 ---- ---- Cash flows from operating activities: Net loss $(63,876) $(74,080) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 7,359 11,820 Stock-based compensation 4,691 3,863 Other non-cash transactions 56 (309) Changes in assets and liabilities: Decrease (increase) in trade accounts receivable 2,362 9,570 Decrease (increase) in inventory (791) 2,021 Decrease (increase) in other assets 1,284 (6,026) Increase (decrease) in accounts payable (5,513) (1,727) Increase (decrease) in accrued compensation (4,687) (3,676) Increase (decrease) in accrued clinical trial expenses (5,512) 10,160 Increase (decrease) in accrued expenses (1,344) (1,061) Increase (decr
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