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| LIFE > SEC Filings for LIFE > Form 8-K on 28-Apr-2009 | All Recent SEC Filings |
28-Apr-2009
Regulation FD Disclosure
The following information is furnished pursuant to Item 2.02 of the Current
Form 8-K, "Results of Operations and Financial Condition" and Item 7.01 of the
Current Form 8-K, "Regulation FD Disclosure."
On April 28, 2009, Life Technologies Corporation, or the Company, issued a
press release regarding the Company's financial results for the period ended
March 31, 2009. The full text of the Company's press release is attached hereto
as Exhibit 99.1.
Certain of the information set forth in the press release may be considered
non-GAAP financial measures. We regularly have reported pro forma results for
net income and earnings per share in addition to, and not as a substitute for,
or superior to, financial measures calculated in accordance with GAAP. The pro
forma results exclude merger related non-cash items and other similar costs.
Our financial results under GAAP include substantial non-cash charges and tax
benefits related to acquired businesses. Our pro forma calculations of net
income and earnings per share are limited because they do not reflect the
entirety of our business costs. However, management believes that the pro forma
presentation is a useful supplemental disclosure to investors as it provides an
indication of the profitability and cash flows of the combined businesses apart
from the initial, sunk cost of the acquisition. Management believes that this
information is therefore useful to investors in analyzing and assessing our past
and future operating performance.
In addition to the non-cash charges above, we exclude from our non-GAAP
results the following costs:
• Acquisition related amortization
• In process research and development expenses
• Acquisition related gains and losses
• Asset impairment charges related to a portfolio review
• Business consolidation costs required to realize cost synergies from combining our acquired entities with our existing operations
• Certain significant one time events that are unlikely to recur
• Share based payment expenses as a result of adoption of FAS123R
Management views these costs as not indicative of the profitability or cash
flows of its ongoing or future operations and excludes these costs as a
supplemental disclosure to assist investors in evaluating and assessing our past
and future operational performance.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
99.1 Life Technologies Corporation press release dated April 28, 2009.
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