<SEC-DOCUMENT>0000012208-11-000029.txt : 20110503
<SEC-HEADER>0000012208-11-000029.hdr.sgml : 20110503
<ACCEPTANCE-DATETIME>20110503163848
ACCESSION NUMBER:		0000012208-11-000029
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110331
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110503
DATE AS OF CHANGE:		20110503

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BIO RAD LABORATORIES INC
		CENTRAL INDEX KEY:			0000012208
		STANDARD INDUSTRIAL CLASSIFICATION:	LABORATORY ANALYTICAL INSTRUMENTS [3826]
		IRS NUMBER:				941381833
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07928
		FILM NUMBER:		11805899

	BUSINESS ADDRESS:	
		STREET 1:		1000 ALFRED NOBEL DR
		CITY:			HERCULES
		STATE:			CA
		ZIP:			94547
		BUSINESS PHONE:		5107247000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>b8k05032011.htm
<DESCRIPTION>FORM 8-K  03/31/2011
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<TITLE>UNITED STATES</TITLE>
<META NAME="author" CONTENT="Tom Brida">
<META NAME="date" CONTENT="02/24/2010">
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<P style="margin:0px" align=center><B>UNITED STATES</B></P>
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px; font-size:14pt" align=center><B>FORM 8-K</B></P>
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<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px; font-size:8pt" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px" align=center><B>Date of Report:&nbsp;&nbsp; May

<STRIKE> </STRIKE>


&nbsp;

3, 2011</B></P>
<P style="margin:0px; font-size:8pt" align=center><B>(Date of earliest event reported)</B></P>
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<P style="margin:0px; font-size:14pt" align=center><B>BIO-RAD LABORATORIES, INC.</B></P>
<P style="margin:0px; font-size:8pt" align=center><B>(Exact name of registrant as specified in its charter)</B></P>
<P style="margin:0px">&nbsp;</P>
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<P style="margin:0px" align=center><B>Commission File Number: 1-7928</B></P>
<P style="margin:0px; font-size:8pt">&nbsp;</P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=360 /><TD width=7.133 /><TD width=352.8 /></TR>
<TR><TD style="margin-top:0px" width=360><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.133><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" width=352.8><P style="margin:0px; font-size:8pt">&nbsp;</P>
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<TR><TD style="margin-top:0px" valign=top width=360><P style="margin:0px" align=center><B>Delaware</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.133><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=352.8><P style="margin:0px" align=center><B>94-1381833</B></P>
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<TR><TD style="margin-top:0px" valign=top width=360><P style="margin:0px; font-size:8pt" align=center><B>(State or other jurisdiction of</B></P>
<P style="margin:0px; font-size:8pt" align=center><B>incorporation or organization)</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.133><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=352.8><P style="margin:0px; font-size:8pt" align=center><B>(I.R.S. Employer</B></P>
<P style="margin:0px; font-size:8pt" align=center><B>Identification No.)</B></P>
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<P style="margin:0px" align=center><B>1000 Alfred Nobel Dr.</B></P>
<P style="margin:0px" align=center><B>Hercules, California 94547</B></P>
<P style="margin:0px; font-size:8pt" align=center><B>(Address of principal executive offices, including zip code)</B></P>
<P style="margin:0px; font-size:8pt">&nbsp;</P>
<P style="margin:0px" align=center><B>(510) 724-7000</B></P>
<P style="margin:0px; font-size:8pt" align=center><B>(Registrant&#146;s telephone number, including area code)</B></P>
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<P style="margin:0px; font-size:8pt">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:</P>
<P style="margin:0px; font-size:8pt">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=28.8 /><TD width=562.733 /></TR>
<TR><TD style="margin-top:0px" valign=top width=28.8><P style="margin:0px; font-family:Wingdings; font-size:8pt">&#168;</P>
</TD><TD style="margin-top:0px" valign=top width=562.733><P style="margin:0px; font-size:8pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=28.8 /><TD width=565.6 /></TR>
<TR><TD style="margin-top:0px" valign=top width=28.8><P style="margin:0px; font-family:Wingdings; font-size:8pt">&#168;</P>
</TD><TD style="margin-top:0px" valign=top width=565.6><P style="margin:0px; font-size:8pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
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</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=28.8 /><TD width=616.267 /></TR>
<TR><TD style="margin-top:0px" valign=top width=28.8><P style="margin:0px; font-family:Wingdings; font-size:8pt">&#168;</P>
</TD><TD style="margin-top:0px" valign=top width=616.267><P style="margin:0px; font-size:8pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
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<P style="margin:0px; font-size:8pt">&nbsp;</P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=28.8 /><TD width=615 /></TR>
<TR><TD style="margin-top:0px" valign=top width=28.8><P style="margin:0px; font-family:Wingdings; font-size:8pt">&#168;</P>
</TD><TD style="margin-top:0px" valign=top width=615><P style="margin:0px; font-size:8pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<BR></P>
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<P style="margin:0px"><B>&nbsp;</B></P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=83.333 /><TD width=285.933 /></TR>
<TR><TD style="margin-top:0px" valign=top width=83.333><P style="margin:0px" align=justify><B>ITEM 2.02</B></P>
</TD><TD style="margin-top:0px" valign=top width=285.933><P style="margin:0px"><B>Results of Operations and Financial Condition</B></P>
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<P style="margin:0px"><BR></P>
<P style="margin:0px">On May 3, 2011, Bio-Rad Laboratories, Inc. announced its financial results for the quarter ended March 31, 2011. &nbsp;A copy of the press release is furnished as Exhibit 99.1 to this report.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px">In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed to be &#147;filed&#148; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. </P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=83.333 /><TD width=492.667 /></TR>
<TR><TD style="margin-top:0px" valign=top width=83.333><P style="margin:0px"><B>ITEM 9.01</B></P>
</TD><TD style="margin-top:0px" valign=top width=492.667><P style="margin:0px"><B>Financial Statements and Exhibits</B></P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=60 /><TD width=24 /><TD width=497.533 /></TR>
<TR><TD style="margin-top:0px" width=60><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" width=497.533><P style="margin:0px">&nbsp;</P>
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<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=60><P style="margin:0px"><B>Exhibit</B></P>
<P style="margin:0px"><B>Number&nbsp;</B></P>
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<P style="margin:0px"><B>Description</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=60><P style="margin-top:2.2px; margin-bottom:0px" align=right>99.1&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=24><P style="margin-top:2.2px; margin-bottom:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=497.533><P style="margin-top:2.2px; margin-bottom:0px">Press release of Bio-Rad Laboratories, Inc. dated May 3, 2011</P>
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<P style="margin:0px" align=center><B>SIGNATURES</B></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px">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.</P>
<P style="margin:0px">&nbsp;&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=50.867 /><TD width=136.333 /><TD width=29.467 /><TD width=29.467 /><TD width=4 /><TD width=253.867 /></TR>
<TR><TD style="margin-top:0px" valign=top width=50.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=136.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=257.867 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=50.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=136.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=257.867 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=50.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=136.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=287.333 colspan=3><P style="margin:0px">BIO-RAD LABORATORIES, INC.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=50.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=136.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=257.867 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=50.867><P style="margin:0px">Date:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=136.333><P style="margin:0px">May 3, 2011</P>
</TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px">By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=257.867 colspan=2><P style="margin:0px">/s/ Christine A. Tsingos</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=50.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=136.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.467><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=253.867><P style="margin:0px">Christine A. Tsingos </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=50.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=136.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=253.867><P style="margin:0px">Vice President, Chief Financial Officer</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=50.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=136.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=29.467><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=29.467><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=4><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=253.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><A NAME="id_11"></A><A NAME="id_12"></A></TR>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exh991.htm
<DESCRIPTION>EXHIBIT 99.1 - PRESS RELEASE MAY 3, 2011
<TEXT>
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<TITLE>PART 1 <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> FINANCIAL INFORMATION</TITLE>
<META NAME="author" CONTENT="Stephanie Trudrung">
<META NAME="date" CONTENT="02/24/2010">
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<P style="margin:0px; padding-right:43.2px; font-family:Arial; font-size:11pt" align=right><B><U>Exhibit 99.1</U></B></P>
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<P style="margin:0px; padding-right:43.2px; font-family:Arial; font-size:11pt">FOR IMMEDIATE RELEASE</P>
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<P style="margin:0px; padding-right:-24px; font-family:Arial; font-size:12pt" align=center>Bio-Rad Reports First-Quarter Currency-Neutral </P>
<P style="margin:0px; padding-right:-24px; font-family:Arial; font-size:12pt" align=center>Revenue Growth of 4.9 Percent </P>
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">HERCULES, CA &#150; May 3, 2011 &#150; Bio-Rad Laboratories, Inc. (NYSE: BIO and BIOb), a multinational manufacturer and distributor of life science research and clinical diagnostic products, announced financial results today for the first quarter ended March&nbsp;31, 2011.<P style="line-height:16pt; margin:0px"><BR></P>
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">First-quarter reported revenues were $485.1 million, up 6.8% compared to $454.2 million reported for the first quarter of 2010. On a currency-neutral basis, quarterly revenues increased 4.9% compared to the same period last year. First-quarter gross margin was 57.2% compared to 56.6% during the same quarter last year. Net income attributable to Bio-Rad for the first quarter of 2011 was $33.0 million, or $1.16 per share on a fully diluted basis compared to $1.24 per share, during the same period last year. Earnings per share in the first quarter was negatively impacted by one-time expenses of approximately $4 million related to the retirement of debt as well as a higher effective tax rate for the quarter, primarily due to adjustments to foreign tax credits. &nbsp;&nbsp;</P>
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">&#147;Performance in the first quarter reflects strength across many of our product areas,&#148; said Norman Schwartz, Bio-Rad President and Chief Executive Officer. &#147;As we had anticipated, budgetary constraints faced by some of our customers outside the U.S. had an impact on our performance during the quarter. As the year progresses, we will continue to seek opportunities to improve our operational efficiencies and grow our business.&#148; &nbsp;&nbsp;</P>
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">Life Science </P>
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">The Life Science segment net sales for the first quarter were $154.5 million, up 2.1% compared to the first quarter of 2010.<FONT style="color:#0000FF"> </FONT>On a currency-neutral basis, Life Science segment sales were essentially flat compared to the same period last year. Sales in the U.S. for the Life Science segment were strong but were offset by a continued slowness during the first quarter in markets outside the U.S., primarily in Europe and Japan. Sales of recently introduced products continued to gain rapid customer acceptance in the first quarter, these include the TC10<SUP><font style='font-family:Arial Unicode MS,Arial'>&#8482;</font></SUP> automated cell counter as well as the Mini-PROTEAN<SUP>&#174;</SUP> TGX<SUP><font style='font-family:Arial Unicode MS,Arial'>&#8482;</font></SUP> precast electrophoresis gel product line. In March, Bio-Rad launched the Trans-Blot<SUP>&#174; &nbsp;</SUP>Turbo<SUP><font style='font-family:Arial Unicode MS,Arial'>&#8482;</font></SUP> transfer system, a rapid<SUP> </SUP>western blotting instrument&nbsp;that allows researchers to efficiently transfer proteins from gel to blot in three minutes. &nbsp;&nbsp;&nbsp;</P>
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<P style="line-height:16pt; margin:0px; padding-right:43.2px; font-family:Arial; font-size:11pt" align=justify>Bio-Rad Reports First-Quarter Currency-Neutral Revenue Growth of 4.9 Percent </P>
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">Clinical Diagnostics</P>
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">The Clinical Diagnostics segment reported net sales of $327.2 million for the first quarter, up 9.1% compared to the first quarter in 2010. On a currency-neutral basis, net sales were up 7.3% from the same period last year. These gains were largely due to growth across product lines most notably blood typing, quality controls, and microbiology. Performance in the Clinical Diagnostics segment also <A NAME="OLE_LINK1"></A>benefited from placements of the Company&#146;s BioPlex<SUP>&#174;</SUP> 2200 system in addition to sales of assays that run on the system. Customer interest of the Company&#146;s IH-1000 blood typing system continues to increase in markets outside the U.S. The instrument is a fully-automated, high-throughput system designed for the blood transfusion laboratory. </P>
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">Management will discuss these results in a conference call at 2 PM Pacific Time (5 PM Eastern Time) May 3, 2011. Interested parties may access the call by dialing 800-261-3417 (in the U.S.) or 617-614-3673 (international), access number 12268652. </P>
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">A <U>live webcast</U> of the conference call may be accessed in the &quot;Investor Relations&quot; section of www.bio-rad.com. A replay of the call will be available at 888-286-8010 (in the U.S.) or 617-801-6888 (international), access number 45024697, for seven days following the call. The <U>webcast </U>of the call will be archived on the Bio-Rad site for on-demand replay for up to a year and may be accessed in the &quot;Investor Relations&quot; section of www.bio-rad.com.</P>
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<P style="line-height:16pt; margin-top:14.667px; margin-bottom:0px; font-family:Arial; font-size:11pt">About Bio-Rad</P>
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">Bio-Rad Laboratories, Inc. (NYSE: BIO and BIOb), has remained at the center of scientific discovery for more than 50 years, manufacturing and distributing a broad range of products for the life science research and clinical diagnostic markets. The Company is renowned worldwide among hospitals, universities, major research institutions, as well as biotechnology and pharmaceutical companies for its commitment to quality and customer service. Founded in 1952, Bio-Rad is headquartered in Hercules, California, and serves more than 100,000 research and industry customers worldwide through its global network of operations. The Company employs over 6,800 people globally and had revenues exceeding $1.9 billion in 2010. For more information, visit www.bio-rad.com. </P>
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<P style="line-height:16pt; margin:0px; padding-right:43.2px; font-family:Arial; font-size:11pt" align=justify>Bio-Rad Reports First-Quarter Currency-Neutral Revenue Growth of 4.9 Percent </P>
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<P style="margin:0px; font-family:Arial; font-size:11pt">This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, &#147;believe,&#148; &#147;expect,&#148; &#147;may,&#148; &#147;will,&#148; &#147;intend,&#148; &#147;estimate,&#148; &#147;continue,&#148; or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. For further information regarding the Company's risks and uncertainties, please refer to the &#147;Risk Factors&#148; in the Company&#146;s public reports filed with the Securities and Exchange Commission, including the Company&#146;s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. &nbsp;Bio-Rad Laboratories, Inc., disclaims any obligation to update these forward-looking statements. </P>
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<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">For more information contact:</P>
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">Christine Tsingos, Vice President and Chief Financial Officer, or</P>
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">Ron Hutton, Treasurer</P>
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">Bio-Rad Laboratories, Inc.</P>
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">510-724-7000</P>
<P style="line-height:16pt; margin:0px; font-family:Arial; font-size:11pt">investor_relations@bio-rad.com </P>
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</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=500.8 /><TD width=12 /><TD width=84 /><TD width=12 /><TD width=96 /></TR>
<TR><TD style="margin-top:0px" valign=top width=704.8 colspan=5><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=704.8 colspan=5><P style="line-height:11pt; margin-top:7.333px; margin-bottom:0px; font-size:11pt" align=center><B>Bio-Rad Laboratories, Inc.</B></P>
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<TR><TD style="margin-top:0px" valign=top width=704.8 colspan=5><P style="line-height:11pt; margin-top:7.333px; margin-bottom:0px; font-size:11pt" align=center><B>Condensed Consolidated Statements of Income</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=704.8 colspan=5><P style="line-height:11pt; margin-top:7.333px; margin-bottom:0px; font-size:11pt" align=center>(In thousands, except per share data)</P>
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<TR><TD style="margin-top:0px" valign=top width=704.8 colspan=5><P style="line-height:11pt; margin-top:3.667px; margin-bottom:0px; font-size:11pt" align=center>(Unaudited)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=704.8 colspan=5><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=500.8><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=192 colspan=3><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=500.8><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=192 colspan=3><P style="margin:0px; font-size:11pt" align=center>Three Months Ended</P>
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<TR><TD style="margin-top:0px" valign=top width=500.8><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=192 colspan=3><P style="margin:0px; font-size:11pt" align=center>March 31,</P>
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<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=84><P style="line-height:11pt; margin:0px; font-size:11pt" align=center>2011</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=96><P style="line-height:11pt; margin:0px; font-size:11pt" align=center>2010</P>
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<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin:0px; font-size:11pt">Net sales</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin-top:0px; margin-right:-68px; margin-bottom:-2px; text-indent:8px; width:76px; font-size:11pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:68px; font-size:11pt; float:left" align=right>485,121&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=96><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; font-size:11pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; font-size:11pt; float:left" align=right>454,234&nbsp;</P>
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<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; text-indent:9.6px; font-size:11pt">Cost of goods sold</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>207,510&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=96><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>197,107&nbsp;</P>
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<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin:0px; font-size:11pt">Gross profit</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>277,611&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=96><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>257,127&nbsp;</P>
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<TR><TD style="margin-top:0px" width=500.8><P style="margin-top:7.333px; margin-bottom:0px; text-indent:9.6px; font-size:11pt">Selling, general and administrative expense</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>167,763&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>153,617&nbsp;</P>
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<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin:0px; text-indent:9.6px; font-size:11pt">Research and development expense</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>42,730&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=96><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>40,263&nbsp;</P>
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<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; font-size:11pt">Income from operations</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>67,118&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>63,247&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin-top:7.333px; margin-bottom:0px; text-indent:9.6px; font-size:11pt">Interest expense</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>16,766&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=96><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>14,444&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; text-indent:9.6px; font-size:11pt">Foreign exchange losses (gains), net</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>3,042&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>(217)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin:0px; text-indent:9.6px; font-size:11pt">Other (income) expense, net</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>(951)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=96><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>(799)</P>
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<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; font-size:11pt">Income before income taxes </P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>48,261&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>49,819&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin-top:7.333px; margin-bottom:0px; text-indent:9.6px; font-size:11pt">Provision for income taxes</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=84><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>(15,323)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=96><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>(14,427)</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; font-size:11pt">Net income including noncontrolling interests&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>32,938&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>35,392&nbsp;</P>
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<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin-top:7.333px; margin-bottom:0px; text-indent:9.6px; font-size:11pt">Net loss (income) attributable to noncontrolling interests</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=84><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>101&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=96><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>(531)</P>
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<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; font-size:11pt">Net income attributable to Bio-Rad</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" width=84><P style="margin-top:0px; margin-right:-68px; margin-bottom:-2px; text-indent:8px; width:76px; font-size:11pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:68px; font-size:11pt; float:left" align=right>33,039&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" width=96><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; font-size:11pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; font-size:11pt; float:left" align=right>34,861&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin:0px; font-size:11pt">Basic earnings per share:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=96><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=500.8><P style="margin-top:7.333px; margin-bottom:0px; text-indent:9.6px; font-size:11pt">Net income per share basic attributable to Bio-Rad</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" width=84><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-right:-68px; margin-bottom:-2px; text-indent:5.333px; width:73.333px; font-size:11pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:68px; font-size:11pt; float:left" align=right>1.18&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" width=96><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; font-size:11pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; font-size:11pt; float:left" align=right>1.27</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin:0px; text-indent:9.6px; font-size:11pt">Weighted average common shares - basic</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:3px double #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-size:11pt; float:left" align=right>27,904&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:3px double #000000" width=96><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; font-size:11pt; float:left" align=right>27,545</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin:0px; font-size:11pt">Diluted earnings per share:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=96><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=500.8><P style="margin-top:7.333px; margin-bottom:0px; text-indent:9.6px; font-size:11pt">Net income per share diluted attributable to Bio-Rad</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" width=84><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-right:-68px; margin-bottom:-2px; text-indent:5.333px; width:73.333px; font-size:11pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:68px; font-size:11pt; float:left" align=right>1.16&nbsp;</P>
</TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" width=96><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; font-size:11pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; font-size:11pt; float:left" align=right>1.24</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=500.8><P style="margin:0px; text-indent:9.6px; font-size:11pt">Weighted average common shares - diluted</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:3px double #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; font-size:11pt; float:left" align=right>28,389&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:3px double #000000" width=96><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; font-size:11pt; float:left" align=right>28,072</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=500.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=12><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=704.8 colspan=5><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<DIV style="width:672px"><P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px; padding-left:-48px; padding-right:-65.333px" align=center>- 4 -</P>
<P style="line-height:12pt; margin:0px"><BR>
<BR></P>
<P style="line-height:12pt; margin:0px; page-break-before:always"><BR></P>
<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:11pt; margin:0px; font-size:11pt" align=center><B>Bio-Rad Laboratories, Inc.</B></P>
<P style="line-height:11pt; margin-top:7.333px; margin-bottom:0px; font-size:11pt" align=center><B>Condensed Consolidated Balance Sheets</B></P>
<P style="line-height:11pt; margin-top:7.333px; margin-bottom:0px; font-size:11pt" align=center>(In thousands)</P>
<P style="line-height:11pt; margin-top:3.667px; margin-bottom:0px; font-size:11pt" align=center>(Unaudited)</P>
<P style="line-height:12pt; margin:0px" align=center><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=467.4 /><TD width=16.667 /><TD width=95.533 /><TD width=16.667 /><TD width=95.4 /></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=95.533><P style="line-height:10pt; margin:0px; font-size:11pt" align=center>March 31,</P>
</TD><TD style="margin-top:0px" valign=top width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=95.4><P style="line-height:10pt; margin:0px; font-size:11pt" align=center>December 31,</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=467.4><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=16.667><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=95.533><P style="line-height:10pt; margin:0px; font-size:11pt" align=center>2011</P>
</TD><TD style="margin-top:0px" valign=top width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=95.4><P style="line-height:10pt; margin:0px; font-size:11pt" align=center>2010</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; font-size:11pt">Current assets:</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Cash and cash equivalents &nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="line-height:11pt; margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; font-size:11pt; float:left">$</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>627,908</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="line-height:11pt; margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; font-size:11pt; float:left">$</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:77.333px; font-size:11pt; float:left" align=right>906,551</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Restricted cash</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>6,533</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>6,422</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Short-term investments</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>163,528</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>118,636</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Accounts receivable, net </P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>388,554</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>387,996</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Inventories</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>429,975</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>398,100</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Other current assets</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>180,812</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>157,641</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:67.2px; font-size:11pt; float:left">&nbsp;&nbsp;</P>
<P style="line-height:11pt; margin:0px; text-indent:-2px; font-size:11pt">Total current assets</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>1,797,310</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>1,975,346</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; font-size:11pt">Property, plant and equipment, net</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>337,625</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>333,617</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; font-size:11pt">Goodwill, net</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>369,107</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>363,981</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; font-size:11pt">Purchased intangibles, net</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>198,658</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>203,881</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; font-size:11pt">Other assets</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>206,073</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>185,939</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; text-indent:67.2px; font-size:11pt">Total assets</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="line-height:11pt; margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; font-size:11pt; float:left">$</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>2,908,773</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="line-height:11pt; margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; font-size:11pt; float:left">$</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:77.333px; font-size:11pt; float:left" align=right>3,062,764</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=467.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:3px double #000000" valign=top width=95.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:3px double #000000" valign=top width=95.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:9pt; margin:0px; font-size:11pt">Current liabilities:</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Accounts payable</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="line-height:11pt; margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; font-size:11pt; float:left">$</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>111,373</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="line-height:11pt; margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; font-size:11pt; float:left">$</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:77.333px; font-size:11pt; float:left" align=right>113,440</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Accrued payroll and employee benefits</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>116,733</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>131,381</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Notes payable and current maturities of long-term debt</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>10,269</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>233,181</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Income and other taxes payable</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>59,658</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>50,935</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; text-indent:19.2px; font-size:11pt">Other current liabilities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>129,558</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>137,690</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; text-indent:67.2px; font-size:11pt">Total current liabilities</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>427,591</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>666,627</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; font-size:11pt">Long-term debt, net of current maturities</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>731,214</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>731,100</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; font-size:11pt">Other long-term liabilities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>136,480</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>124,518</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; text-indent:67.2px; font-size:11pt">Total liabilities </P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:85.333px; font-size:11pt; float:left" align=right>1,295,285</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>1,522,245</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:11pt; margin:0px; font-size:11pt">Bio-Rad stockholders&#146; equity:</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:82.667px; font-size:11pt; float:left" align=right>1,612,292</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:84px; font-size:11pt; float:left" align=right>1,536,696</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:11pt; margin:0px; font-size:11pt">Noncontrolling interests</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.533><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:82.667px; font-size:11pt; float:left" align=right>1,196</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=95.4><P style="line-height:11pt; margin-top:0px; margin-bottom:-2px; width:84px; font-size:11pt; float:left" align=right>3,823</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=467.4><P style="line-height:9pt; margin:0px; text-indent:67.2px; font-size:11pt">Total stockholders&#146; equity</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000" width=95.533><P style="line-height:9pt; margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:11pt; float:left" align=right>1,613,488</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000" width=95.4><P style="line-height:9pt; margin-top:0px; margin-bottom:-2px; width:84px; font-size:11pt; float:left" align=right>1,540,519</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=467.4><P style="line-height:9pt; margin:0px; text-indent:67.2px; font-size:11pt">Total liabilities and stockholders&#146; equity</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000; border-bottom:3px double #000000" width=95.533><P style="line-height:9pt; margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; font-size:11pt; float:left">$</P>
<P style="line-height:9pt; margin-top:0px; margin-bottom:-2px; width:77.333px; font-size:11pt; float:left" align=right>2,908,773</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000; border-bottom:3px double #000000" width=95.4><P style="line-height:9pt; margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:8px; width:84px; font-size:11pt; float:left">$</P>
<P style="line-height:9pt; margin-top:0px; margin-bottom:-2px; width:76px; font-size:11pt; float:left" align=right>3,062,764</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=467.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=95.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=95.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=691.667 colspan=5><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<DIV style="width:672px"><P style="line-height:12pt; margin:0px" align=center><BR></P>
<P style="line-height:12pt; margin:0px" align=center><BR></P>
<P style="line-height:12pt; margin:0px" align=center><BR></P>
<P style="line-height:12pt; margin:0px" align=center><BR></P>
<P style="line-height:12pt; margin:0px" align=center><BR></P>
<P style="line-height:12pt; margin:0px; padding-right:-65.333px" align=center>- 5 -</P>
<P style="line-height:12pt; margin:0px"><BR>
<BR></P>
<P style="line-height:12pt; margin:0px; page-break-before:always"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=463.2 /><TD width=84 /><TD width=16.667 /><TD width=79.333 /></TR>
<TR><TD style="margin-top:0px" valign=top width=643.2 colspan=4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=643.2 colspan=4><P style="line-height:10pt; margin:0px" align=center><B>Bio-Rad Laboratories, Inc.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=643.2 colspan=4><P style="line-height:11pt; margin-top:6.667px; margin-bottom:0px" align=center><B>Condensed Consolidated Statements of Cash Flows</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=643.2 colspan=4><P style="line-height:11pt; margin-top:6.667px; margin-bottom:0px" align=center>(In thousands)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=643.2 colspan=4><P style="line-height:11pt; margin-top:3.333px; margin-bottom:0px" align=center>(Unaudited) &nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=180 colspan=3><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=180 colspan=3><P style="line-height:10pt; margin:0px" align=center>Three Months Ended </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=180 colspan=3><P style="line-height:10pt; margin:0px" align=center>March 31,</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=84><P style="line-height:10pt; margin:0px" align=center>2011</P>
</TD><TD style="margin-top:0px" valign=top width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=79.333><P style="line-height:10pt; margin:0px" align=center>2010</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px">Cash flows from operating activities:</P>
</TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Cash received from customers</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin-top:0px; margin-right:-68px; margin-bottom:-2px; text-indent:8px; width:76px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:68px; float:left" align=right>496,749&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin-top:0px; margin-right:-66.667px; margin-bottom:-2px; text-indent:6.667px; width:73.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:66.667px; float:left" align=right>445,669&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Cash paid to suppliers and employees</P>
</TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(436,430)</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; float:left" align=right>(389,505)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Interest paid</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(22,189)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; float:left" align=right>(21,086)</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Income tax payments</P>
</TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(18,373)</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:73.333px; float:left" align=right>(13,279)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Other operating activities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>25&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>470</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Net cash provided by operating activities</P>
</TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>19,782&nbsp;</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>22,269</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px">Cash flows from investing activities:</P>
</TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Payment for acquisitions and long-term investments</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(3,571)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>(66,496)</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Other investing activities</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(73,722)</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>(10,518)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Net cash used in investing activities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(77,293)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>(77,014)</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px">Cash flows from financing activities:</P>
</TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Payments on long-term borrowings</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(225,763)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>(1,595)</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Other financing activities</P>
</TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>11,020&nbsp;</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>2,628&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:28.8px">Net cash (used in) provided by &nbsp;financing activities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000; border-bottom:1px solid #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(214,743)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000; border-bottom:1px solid #000000" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>1,033&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px">Effect of foreign exchange rate changes on cash</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(6,389)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:1px solid #000000" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>1,908&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px">Net decrease in cash and cash equivalents</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(278,643)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>(51,804)</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px">Cash and cash equivalents at beginning of period</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>906,551&nbsp;</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>649,938&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px">Cash and cash equivalents at end of period</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:3px double #000000" width=84><P style="margin-top:0px; margin-right:-68px; margin-bottom:-2px; text-indent:8px; width:76px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:68px; float:left" align=right>627,908&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:3px double #000000" width=79.333><P style="margin-top:0px; margin-right:-61.333px; margin-bottom:-2px; text-indent:9.333px; width:70.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:61.333px; float:left" align=right>598,134&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin:0px">Reconciliation of net income including noncontrolling interests to net cash</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;provided by operating activities:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; text-indent:9.6px">Net income including noncontrolling interests </P>
</TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-right:-68px; margin-bottom:-2px; text-indent:8px; width:76px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:68px; float:left" align=right>32,938&nbsp;</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin-top:0px; margin-right:-61.333px; margin-bottom:-2px; text-indent:9.333px; width:70.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:61.333px; float:left" align=right>35,392&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:9.6px">Adjustments to reconcile net income including noncontrolling interests to net </P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cash provided by operating activities:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:38.4px">Depreciation and amortization</P>
</TD><TD style="margin-top:0px" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>28,115&nbsp;</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>27,548&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:38.4px">Changes in working capital</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>(54,625)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>(32,746)&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin-top:0px; margin-bottom:1.133px; text-indent:38.4px">Other</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=84><P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>13,354&nbsp;</P>
</TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" width=79.333><P style="margin-top:0px; margin-bottom:-2px; width:70.667px; float:left" align=right>(7,925)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" width=463.2><P style="margin-top:0px; margin-bottom:1.133px">Net cash provided by operating activities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:3px double #000000" width=84><P style="margin-top:0px; margin-right:-68px; margin-bottom:-2px; text-indent:8px; width:76px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:68px; float:left" align=right>19,782&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-bottom:3px double #000000" width=79.333><P style="margin-top:0px; margin-right:-61.333px; margin-bottom:-2px; text-indent:9.333px; width:70.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:61.333px; float:left" align=right>22,269&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=463.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=84><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=16.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=79.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" width=643.2 colspan=4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
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<P style="line-height:12pt; margin:0px"><BR></P>
<P style="line-height:12pt; margin:0px; padding-right:-65.333px" align=center>- 6 -</P>
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