U.S. dollar and labor cost inflation, partially offset by a gross margin increase in our manufacturing business
GAAP operating margin of 21-22%, non-GAAP operating margin of 24-25%Capital expenditures of $50-60 millionGAAP effective tax rate of 17-18% due to an increase in the statutory tax rate of the company's Shanghai and Tianjin legal entities from 11% in 2010 to 15% and 12%, respectively, in 2011 The Company provides the following guidance for second-quarter 2011 performance:
Total net revenues of $97-99 millionLaboratory Services revenues of $79-80 million, Manufacturing Services net revenues of $18-19 million GAAP and non-GAAP operating margins comparable to the first quarter of 2011WUXI PHARMATECH (CAYMAN) INC.UNAUDITED CONSOLIDATED BALANCE SHEETS(in thousands of U.S. dollars, except ordinary share, ADS and par value data)March 31, 2011December 31, 2010Assets:Current assets:Cash and cash equivalents
147,118
115,401Restricted cash
1,699
1,989Short-term investment
15,326
38,084Accounts receivable, net
68,045
57,041Inventories
20,081
17,277Prepaid expenses and other current assets
15,029
15,124 Total current assets267,298
244,916Non-current assets:Goodwill
24,845
23,956Property, plant and equipment, net
208,550
205,547Intangible assets, net
3,807
4,254Land use rights
5,376
5,352Deferred tax assets
10,082
10,887Other non-current assets
2,117
3,221 Total non-current assets254,777
253,217 Total assets522,075
498,133Liabilities and equity:Current liabilities:Short-term and current portion of long-term debt
4,533
263Accounts payable
15,376
14,800Accrue
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SOURCE WuXi PharmaTech (Cayman) Inc Copyright©2010 PR Newswire. All rights reserved | |
Page: 1 2 3 4 5 6 7 8 9 10 11 12 Related medicine technology :1.
Pharmatech Teams up With Systems Medicine LLC and the Sarcoma Foundation of America for a Phase II Myxoid Liposarcoma Trial2.
Pharmatech, Inc. Contracts for Five New Just-in-Time Clinical Trials3.
WuXi PharmaTech Included in the Deloitte Technology Fast 500 Asia Pacific 2009 List for the Sixth Consecutive Year4.
WuXi PharmaTech Schedules Fourth-Quarter 2009 Earnings Release5.
WuXi PharmaTech Passes EMEA Inspection of Its GMP Manufacturing and Analytical Testing Facilities in Shanghai6.
WuXi PharmaTech Enters into Collaboration with J&JPRD, a division of Janssen Pharmaceutica for Preclinical Services and Training7.
WuXi PharmaTech Schedules First-Quarter 2010 Earnings Release8.
WuXi PharmaTech Announces First-Quarter 2010 Results9.
WuXi PharmaTech Appoints Hao Zhou as Chief Financial Officer10.
WuXi PharmaTech Well Positioned to Continue Growing as Independent Company; Will Receive Breakup Fee of $30 million11.
WuXi PharmaTech RESCHEDULES Second-Quarter 2010 Earnings Conference Call