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United Therapeutics Corporation Reports First Quarter 2011 Financial Results
Date:4/28/2011

es; (3) license fees; (4) depreciation and amortization; (5) impairment charges; and (6) share-based compensation (stock option and share tracking award expense).

A reconciliation of net income to earnings before non-cash charges is presented below (in thousands, except per share data):Three Months Ended
March 31,20112010Net income, as reported

$16,390$18,929Adjust for non-cash charges:Interest expense

5,4134,687Income tax expense

10,4369,752License fees

--Depreciation and amortization

5,8094,570Impairment charges (1)

5,814-Share-based compensation

36,85630,125Earnings before non-cash charges

$80,718$68,063Earnings before non-cash charges per share:Basic

$1.40$1.24Diluted

$1.29$1.13Weighted average number of common shares outstanding:Basic

57,75354,769Diluted

62,62360,019(1)  Includes a $5.3 million non-cash loss recognized in connection with the sale of Medicomp, Inc., our wholly owned telemedicine subsidiary, on March 31, 2011.Conference CallWe will host a half-hour teleconference on Thursday, April 28, 2011, at 9:00 a.m. Eastern Time. The teleconference is accessible by dialing 1-877-351-5881, with international callers dialing 1-970-315-0533. A rebroadcast of the teleconference will be available for one week by dialing 1-800-642-1687, with international callers dialing 1-706-645-9291 and using access code 56250172.

This teleconference is also being webcast and can be accessed via our website at http://ir.unither.com/events.cfm.

About United TherapeuticsUnited Therapeutics Corporation is a biotechnology company focused on the development and commercialization of unique products to address the unmet medical needs of patients with chronic and life-threatening conditions.

Non-GAAP Financial InformationThis press release contains a financial measure, earnings before non-cash charges, that
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