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Insmed Announces Fourth Quarter and Full-Year 2010 Financial Results
Date:3/10/2011

id expenses(78)-

-  Accounts payable(2,750)(85)

170  Accrued project costs & other(1,144)(965)

373  Payroll liabilities201214

433  Income tax liability-127

(178)  Deferred rent18(36)

53  Deferred revenue496

57  Restricted stock unit liability-(113)

113  Asset retirement obligation-(2,217)

-  Interest payable(1)(12)

(10)Net cash (used in) operating activities(7,722)(11,012)

(11,992)Investing activities  Cash consideration for merger(6,733)-

-  Cash received from asset sale-127,474

-  Sales of short-term investments115,153-

12,673  Purchases of short-term investments(102,462)(108,744)

-Net cash provided by investing activities5,95818,730

12,673Financing activitiesProceeds from issuance of common stock-580

-Payments on capital lease obligations(6)-

-Repayment of convertible notes(231)(1,246)

(2,211)Certificate of deposits-10

-Warrants converted into shares-3,491

-Other442

121Net cash provided by (used in) financing activities(233)2,877(2,090)Increase (decrease) in cash and cash equivalents(1,997)10,595

(1,409)Cash and cash equivalents at beginning of period12,7402,145

3,554Cash and cash equivalents at end of period$
,743$
2,740

$
2,145Supplemental informationCash paid for interest$
-$
82

$
234Cash paid for taxes1392,795

-
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SOURCE Insmed Inc.
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