-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ETE9/i/Mkt9RG7yV7dRWGqQ+8pNv0pooROhhpQjTTUc/+drnGinRCYwGpNkYZAnJ tiiw+wdHbevTjU+d9u0vcg== 0000936392-09-000077.txt : 20090218 0000936392-09-000077.hdr.sgml : 20090218 20090218163136 ACCESSION NUMBER: 0000936392-09-000077 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090212 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090218 DATE AS OF CHANGE: 20090218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Life Technologies Corp CENTRAL INDEX KEY: 0001073431 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 330373077 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25317 FILM NUMBER: 09618959 BUSINESS ADDRESS: STREET 1: 1600 FARADAY AVE CITY: CARLSBAD STATE: CA ZIP: 92008 BUSINESS PHONE: 7606037200 MAIL ADDRESS: STREET 1: 1600 FARADAY AVE CITY: CARLSBAD STATE: CA ZIP: 92008 FORMER COMPANY: FORMER CONFORMED NAME: INVITROGEN CORP DATE OF NAME CHANGE: 19981113 8-K 1 a51517e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 12, 2009
Life Technologies Corporation
(Exact name of registrant as specified in its charter)
         
Delaware   000-25317   33-0373077
         
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)
     
5791 Van Allen Way, Carlsbad, CA   92008
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (760) 603-7200
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Section 8 — Other Events
          Item 8.01 — Other Events
     On February 12, 2009, Life Technologies Corporation (the “Company”) posted to the Investor Relations section of its website, http://www.lifetechnologies.com, (i) a replay of its investor conference call held on February 12, 2009, relating to the announcement of the Company’s Fourth Quarter and Fiscal Year 2008 results, for which a press release was attached as Exhibit 99.1 to the Company’s Current Report on Form 8-K, filed on February 12, 2009, and (ii) a replay of a supplemental investor conference call held on February 12, 2009, relating to the Company’s 2008 Proforma discussion. The replay of the conference calls will be available on the Investor Relations section of the Company’s website for a period of three weeks from February 12, 2009.
     The Company also provided additional answers to certain follow up questions from the investor conference calls by posting a Questions and Answers document to the Investor Relations section of the Company’s website on February 13, 2009. A copy of the Company’s Questions and Answers document, which is attached hereto as Exhibit 99.1, will also be available on the Investor Relations section of the Company’s website for a period of three weeks from February 12, 2009.
Section 9 — Financial Statements and Exhibits
          Item 9.01 — Exhibits
(d) Exhibits
Exhibit 99.1 — Questions and Answers, dated February 13, 2009.

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  LIFE TECHNOLOGIES CORPORATION
(Registrant)
 
 
  By:   /s/ David F. Hoffmeister    
    Chief Financial Officer   
       
 
Date: February 18, 2009
         

 

EX-99.1 2 a51517exv99w1.htm EX-99.1 exv99w1
         
     
     
     
     
 
Exhibit 99.1
QUESTIONS AND ANSWERS
On Thursday, February 12, 2008, Life Technologies’ provided Q4 and Full Year 2008 financial results via a company press release and subsequent conference call where more financial detail was provided. In addition, the company held a follow up conference call with sell side analysts to answer follow up questions. On this follow up conference call, the company provided supplemental information related to Full Year 2008 earnings and 2009 expectations. A replay of this conference call will be available on the company’s Investor Relations website for three weeks from today.
The company has also provided additional answers to further follow up questions by way of this Question and Answer documented which has both been posted on the Investor Relations portion of the company website.
Q. What was the currency impact on the legacy Invitrogen Cell Culture Systems Division in Q4 2008?
A. The Cell Systems division had a very strong quarter with revenue of $114M, representing 13% organic growth and 17% total revenue growth. Total revenue growth including a positive impact from the CellzDirect acquisitions done in early 2008 and a negative impact from currency. The company initially stated that Cell Systems had a positive impact from currency, but has provided a correction that the impact to growth rates was, in fact, negative from currency. This does not change total company reported results, reported results for the Cell Systems division nor organic growth calculations.
Q. Does the IVGN/AB combined 2008 pro-forma income statement posted on your website reflect AB performance based on a 4/4/5 quarter or calendar quarter?
A. The 2008 pro-forma income statement posted on our website reflects IVGN performance using the calendar system and AB performance using 4/4/5. Moving forward, Life Technologies will utilize a calendar system and as such will have slight differences in comparables resulting from switching the AB business from 4/4/5 to a calendar quarter. Once the exact impact on a quarterly basis is identified, the company will post a revised 2008 pro-forma income statement on the website that reflects both companies performance on a calendar quarter basis prior to the our Q1 2009 earnings call in April. As a result of this change, the revised pro-forma income statement may reflect movement of up to several million dollars in revenue between quarters. The final and revised 2008 pro-forma is expected to be posted by the company’s first quarter earnings call in April.
Q. Why is there more of a difference between the adjusted net income and free cash flow expectations the company provided for 2009?
A. Included in Life Technologies expectations for pro-forma net income are several non-cash charges, including stock option expense, RSUs, and the amortization of loan

 


 

fees. In addition, cash taxes will be different than pro-forma taxes given the expenses associated with integrations.
Q. What is the estimate for depreciation in 2009?
A. Approximately $110 — $120 million.
Q. Will you disclose the organic and total revenue growth of each division every quarter?
A. Yes
Q. What is the difference between the revenue of the two standalone companies, Applied Biosystems and Invitrogen, versus the revenue represented in the 2008 pro-forma?
A. Intercompany revenues between the two legacy companies
Q. When the company’s hedging program is complete, approximately what percent of revenues exposed to foreign currencies will be hedged?
A. Approximately 40%
Q. How do I access the replay of the Analyst Q&A call that Life Technologies hosted after the earnings call?
A. The replay of analyst Q&A will be available for three weeks through the IR page of our website or by using the following link: http://ir.lifetechnologies.com/phoenix.zhtml?p=iroleventDetails&c=61498&eventID=2099156.

 

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