The condensed balance sheets for kaléo at December 31, 2015 and 2014 and related condensed statements of operations for the last three years ended December 31, 2015, that were reported by kaléo, are provided below:



	December 31,					December 31,
(In Thousands)	2015		2014			2015			2014
Assets:					Liabilities & Equity:
Cash & short-term investments	$	91,844	$	117,589
Restricted cash	8,182		14,498		Other current liabilities	$	10,261		$	8,123
Other current assets	9,070		17,916		Other noncurrent liabilities	552			1,247
Property & equipment	8,453		10,824		Long-term debt, net (a)	142,696			146,629
Patents	2,811		2,702		Redeemable preferred stock	—			22,946
Other long-term assets (a)	92		15		Equity	(33,057		)	(15,401		)
Total assets	$	120,452	$	163,544	Total liabilities & equity	$	120,452		$	163,544



	2015			2014			2013
Revenues & Expenses:
Revenues	$	35,731		$	21,156		$	15,305
Cost of goods sold	(14,147		)	(3,801		)	—
Expenses and other, net (b)	(63,042		)	(48,447		)	(18,631		)
Income tax (expense) benefit	(481		)	8,100			1,586
Net income (loss)	$	(41,939	)	$	(22,992	)	$	(1,740	)
(a) Certain immaterial prior year balances have been reclassified to conform with current year presentation. (b) “Expenses and other, net” includes selling, general and administrative expense, research and development expense, interest expense and other income (expense), net.