ABII » Topics » Other Non-Operating Items

This excerpt taken from the ABII 10-K filed Mar 12, 2010.

Other Non-Operating Items

Interest income in 2009 consisted primarily of interest earned on invested cash and notes receivables. Interest income decreased $15.8 million compared to 2008 primarily due to lower investment balances and lower interest rates. Interest income in 2008 was $18.8 million compared to $5.0 million in 2007. The increase in interest income in 2008 of $13.8 million was primarily due to a full year’s interest income in 2008 versus only one and one-half months of interest income in 2007.

Other expense was higher in 2008 primarily due to other than temporary losses of $5.1 million recognized on marketable securities whose values were determined to be impaired.

This excerpt taken from the ABII 10-Q filed May 8, 2009.

Other Non-Operating Items

Interest income consisted primarily of interest earned on invested cash. The decrease in interest income for the three months ended March 31, 2009 of $5.4 million was due to lower interest rates and lower investment balances in 2009 as compared to 2008. For the three months ended March 31, 2009, the average yield on cash investments was 1.4%.

Other expense increased $1.7 million for the three months ended March 31, 2009 primarily due to $2.9 million of other than temporary loss on marketable securities offset by $0.8 million gain on sale of marketable securities and $0.4 million increase in fair value of derivatives.

This excerpt taken from the ABII 10-K filed Mar 6, 2009.

Other Non-Operating Items

Interest income consists primarily of interest earned on invested cash . The increase in interest income in 2008 of $13.8 million was primarily due to a full year’s interest income in 2008 versus only one and one-half months of interest income in 2007. Interest income of $5.0 million in 2007 was primarily related to interest earned on the $700 million of cash contributed to us in connection with the separation in comparison to $0.4 million for 2006.

Other expense was $5.0 million for the year ended December 31, 2008 compared to $0 in 2007. The increase was primarily related to a write-down of marketable securities whose values were determined to be impaired. Interest expense remained consistent for 2008 and 2007. For the year ended December 31, 2007, there was $0.2 million of interest expense in comparison to $4.7 million in 2006. The decrease in interest expense in 2007 was primarily the result of interest expense from Old Abraxis debt that was allocated to us in connection with the 2007 Separation.

This excerpt taken from the ABII 10-Q filed Nov 14, 2008.

Other Non-Operating Items

Interest income consisted primarily of interest earned on invested cash. The increase in interest income for the nine months ended September 30, 2008 of $14.8 million was due to a higher cash balance in 2008 as compared to 2007. For the nine months ended September 30, 2008, the average yield on cash investments was 3.1%.

Other expense increased to $4.9 million for the three months ended September 30, 2008 from $0.1 million in the comparable period in 2007 due primarily to a write-down of marketable securities whose values were determined to be impaired.

This excerpt taken from the ABII 10-Q filed Aug 14, 2008.

Other Non-Operating Items

Interest income and other consisted primarily of interest earned on invested cash and other miscellaneous items. The increase in interest income and other in the six months ended June 30, 2008 of $11.3 million was primarily related to interest earned on cash investments. For the six months ended June 30, 2008, the average yield on cash investments was 3.3%.

This excerpt taken from the ABII 10-Q filed May 15, 2008.

Other Non-Operating Items

Interest income and other consisted primarily of interest earned on invested cash and other miscellaneous items. The increase in interest income and other in the three months ended March 31, 2008 of $6.5 million was primarily related to interest earned on the $700 million of cash contributed to us in connection with the separation. For the three months ended March 31, 2008, the average yield on cash investments was 3.9%.

These excerpts taken from the ABII 10-K filed Mar 31, 2008.

Other Non-Operating Items

Interest income and other consists primarily of interest earned and other miscellaneous items. The increase in interest income and other in 2007 of $4.6 million was primarily related to interest earned on the $700 million of cash contributed to us in connection with the separation. Interest income and other of $0.4 million in 2006 remained flat in comparison to $0.3 million for 2005.

 

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Interest expense was $0.2 million for the year ended December 31, 2007 as there was no debt. For the year ended December 31, 2006, there was $4.7 million of interest expense due to higher pre-2006 Merger debt balances. Interest expense was $4.7 million for 2006 compared to $6.6 million in 2005. The decrease in interest expense in 2006 was primarily the result of lower average debt levels between 2006 and 2005.

Other Non-Operating Items

SIZE="2">Interest income and other consists primarily of interest earned and other miscellaneous items. The increase in interest income and other in 2007 of $4.6 million was primarily related to interest earned on the $700 million of cash
contributed to us in connection with the separation. Interest income and other of $0.4 million in 2006 remained flat in comparison to $0.3 million for 2005.

 


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Interest expense was $0.2 million for the year ended December 31, 2007 as there was no debt. For the
year ended December 31, 2006, there was $4.7 million of interest expense due to higher pre-2006 Merger debt balances. Interest expense was $4.7 million for 2006 compared to $6.6 million in 2005. The decrease in interest expense in 2006 was
primarily the result of lower average debt levels between 2006 and 2005.

This excerpt taken from the ABII 10-Q filed Dec 20, 2007.

Other Non-Operating Items

Interest income and other remained consistent in the comparable periods. Interest income and other was $0.6 million for the nine-months ended September 30, 2007 and $0.4 million for the corresponding period in 2006.

 

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Interest expense was $0.1 million for the nine months ended September 30, 2007 as there was no debt. For the nine months ended September 30, 2006, there was $4.7 million of interest expense due to higher pre-2006 Merger debt balances.

This excerpt taken from the ABII 8-K filed Nov 8, 2007.

Other Non-Operating Items

Interest income and other consists primarily of interest earned and other miscellaneous items. Interest income and other of $0.4 million in 2006 remained flat in comparison to $0.3 million for the prior year. Interest income and other of $0.3 million in 2005 remained flat in comparison to $0.1 million in 2004.

Interest expense was $4.7 million for 2006 compared to $6.6 million in 2005. The decrease in interest expense in 2006 was primarily the result of lower average debt levels between 2006 and 2005. Interest expense increased to $6.6 million in 2005 from $2.1 million in 2004 due to higher average debt levels.

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