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Gen-Probe Reports Strong Financial Results for First Quarter 2008, Raises Full-Year Guidance

Gen-Probe Incorporated

Consolidated Balance Sheets

(In thousands, except share and per share data)

March 31, December 31,

2008 2007


Current assets:

Cash and cash equivalents $46,299 $75,963

Short-term investments 441,330 357,531

Trade accounts receivable, net of allowance for

doubtful accounts of $700 and $719 at

March 31, 2008 and December 31, 2007,

respectively 36,759 32,678

Accounts receivable - other 3,118 11,044

Inventories 50,448 48,540

Deferred income tax - short term 8,137 8,825

Prepaid income tax - 2,390

Prepaid expenses 14,056 17,505

Other current assets 6,056 4,402

Total current assets 606,203 558,878

Property, plant and equipment, net 142,662 129,493

Capitalized software, net 15,295 15,923

Goodwill 18,621 18,621

Deferred income tax - long term 7,942 7,942

License, manufacturing access fees and other

assets, net 54,825 58,196

Total assets $845,548 $789,053

Liabilities and stockholders' equity

Current liabilities:

Accounts payable $14,945 $11,777

Accrued salaries and

SOURCE Gen-Probe Incorporated
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