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Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2009 Financial Results
Date:2/23/2010

- - 5,801 - --- --- ----- --- Non-GAAP diluted shares (5) 62,189 56,430 65,308 56,765 ====== ====== ====== ====== Non-GAAP net income (loss) per share (5) $0.14 $ 0.16 $ 0.92 $ 0.98 Non-GAAP net income (loss) per share - diluted (5) $0.14 $ 0.16 $ 0.89 $ 0.97 (4) Under the "if-converted" method, interest and issuance costs and potential common shares related to the Company's convertible senior notes were excluded in the computation of diluted per share amounts for the three months and year ended December 31, 2009 because their effect would be anti-dilutive. (5) This press release includes the following non-GAAP financial measures: non-GAAP net income (loss) and non-GAAP net income (loss) per share. The foregoing table reconciles these non-GAAP measures to the most comparable financial measures calculated in accordance with GAAP. Onyx management uses these non-GAAP financial measures to monitor and evaluate our operating results and trends on an on-going basis and internally for operating, budgeting and financial planning purposes. Onyx management believes the non-GAAP information is useful for investors by offering them the ability to better identify trends in our business and better understand how management evaluates the business. These non-GAAP measures have limitations, however, because they do not include all items of income and expense that affect Onyx. These non-GAAP financial measures that management uses are not prepared in accordance with, and should not be considered in
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SOURCE Onyx Pharmaceuticals, Inc.
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