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Thoratec Reports a 19 Percent Increase in Annual Revenues as Cardiovascular Division Revenues Increase 30 Percent in 2009
Date:1/28/2010

impairments and sales of marketable equity securities.

The following table includes the GAAP income statement for the three and twelve month periods ending 2009 and 2008.

    
    
                               THORATEC CORPORATION
                  Condensed Consolidated Statement of Operations
                                   (Unaudited)
                    (in thousands, except for per share data)
    
    
                            Three Months Ended      Twelve Months Ended
                            ------------------      -------------------
                         January 2,    January 3,    January 2,   January 3,
                         ----------    ----------    ----------   ----------
                           2010         2009 As        2010        2009 As
                           ----       Adjusted (1)     ----      Adjusted (1)
                                      ------------               ------------
    
    
    Product sales        $104,495       $85,673      $373,937      $313,564
    Cost of product
     sales                 43,175        35,106       154,103       127,566
                           ------        ------       -------       -------
    Gross profit           61,320        50,567       219,834       185,998
                           ------        ------       -------       -------
    Operating
     expenses:
        Selling, general
         and
         administrative    25,470        25,804       107,927        94,142
        Research and
         development       13,365        14,142        54,227        52,943
        Amortization of
         purchased
         intangible
         assets             2,596         3,296        10,663        13,183
                            -----         -----        ------        ------
    Total operating
     expenses              41,431        43,242       172,817       160,268
                           ------        ------       -------       --
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SOURCE Thoratec Corporation
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