EX-99.1 2 a55110exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
LIFE TECHNOLOGIES CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
                   
    December 31,       December 31,  
  2009     - 2008 (1)  
(in thousands)
  (unaudited)          
ASSETS
             
Current assets:
                 
Cash and short-term investments
  $ 648,074       $ 448,317  
Trade accounts receivable, net of allowance for doubtful accounts
    591,058         580,907  
 
                 
Inventories
    353,222         420,029  
 
                 
Deferred income taxes
    19,822         25,563  
 
                 
Prepaid expenses and other current assets
    183,988         137,355  
 
             
 
                 
Total current assets
    1,796,164         1,612,171  
 
                 
Property and equipment, net
    829,032         748,056  
 
                 
Goodwill
    3,783,806         3,574,779  
 
                 
Intangible assets, net
    2,071,607         2,291,767  
 
                 
Long-term investments
    380,167         490,853  
 
                 
Other assets
    254,964     -   181,133  
 
             
Total assets
  $ 9,115,740     - $ 8,898,759  
 
             
 
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
                 
Current liabilities:
                 
Current portion of long-term debt
  $ 481,701       $ 80,000  
Accounts payable, accrued expenses and other current liabilities
    840,597         821,813  
 
                 
Income taxes
    63,425         105,429  
 
             
 
                 
Total current liabilities
    1,385,723         1,007,242  
 
                 
Long-term debt
    2,620,089         3,396,420  
             
Pension liabilities
    155,934         201,833  
 
                 
Income taxes
    811,340         739,343  
 
                 
Other long-term liabilities
    115,986         97,383  
 
                 
Stockholders’ equity
    4,026,668     -   3,456,538  
 
             
Total liabilities and stockholders’ equity
  $ 9,115,740     - $ 8,898,759  
 
             
 
(1)   December 31, 2008 Consolidated Balance Sheet includes the impacts of the retrospective application of the bifurcation requirement prescribed by the ASC Topic of Debt with Conversion and Other Options and the reclassification of amounts to conform with equity method presentation of the Company’s investment in the MDS/Sciex joint venture.