Try reading the last earnings release.
Calculate the estimated cash burn from operations including the years 2003, 2004, and maybe part of 2005. Try adding the product payments due after 2003 to the total payments from the following excerpt from the last earnings release:
"Elan expects committed cash outlays such as capital expenditures, restructuring costs, product payments and other commitments, excluding operating cashflows, to be approximately $650 million through the 15-month period to the end of December, 2003.
The following table sets out, as at September 30, 2002, the major contracted and potential cash payments relating to Elan's business, excluding capital expenditures or future investments in financial assets such as in business venture partners, which together could amount to $150 to $175 million through the 15-month period to the end of December, 2003."
P.S. - I don't hold a position at the current time.
Link:http://biz.yahoo.com/bw/021030/300151_1.html |
