Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): July 19, 2005

 


 

GILEAD SCIENCES, INC.

(Exact name of registrant as specified in its charter)

 


 

DELAWARE   0-19731   94-3047598

(State or other jurisdiction of

incorporation or organization)

  (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

333 LAKESIDE DRIVE, FOSTER CITY, CALIFORNIA

(Address of principal executive offices)

 

94404

(Zip Code)

 

(650) 574-3000

(Registrant’s telephone number, including area code)

 


 

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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFD 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



SECTION 2 – FINANCIAL INFORMATION

 

Item 2.02 Results of Operations and Financial Condition

 

On July 19, 2005, Gilead Sciences, Inc., a Delaware corporation, issued a press release announcing earnings for the second quarter ended June 30, 2005. A copy of the earnings press release is filed as Exhibit 99.1 to this report.

 

Each non-GAAP financial measure reflected in the earnings press release is included because our management uses this information to help gain a better understanding of the comparative operating performance of the company and believes it will be useful for investors. These non-GAAP financial measures represent adjustments to GAAP financial measures to exclude transactions or items our management believes were unusual due to their nature, size and infrequency. There were no such adjustments for the second quarters of 2005 and 2004. For the first quarter of 2004, these adjustments included the $20.6 million fair value gain and its related tax effects on our Eyetech Pharmaceuticals, Inc. (Eyetech) warrants as a result of Eyetech completing an initial public offering in February 2004. Consequently, excluding this transaction from our results provides users of the financial statements an important insight into our results and related trends that affect our core business.

 

The information in this Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

 

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

 

Item 9.01 Financial Statements and Exhibits

 

(c) Exhibits

 

Exhibit
Number


 

Description


99.1   Press Release, issued by Gilead Sciences, Inc. on July 19, 2005


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

GILEAD SCIENCES, INC.
(Registrant)

/s/ John F. Milligan


John F. Milligan

Executive Vice President and
Chief Financial Officer

 

Date: July 19, 2005


Exhibit Index

 

Exhibit
Number


 

Description


99.1   Press Release, issued by Gilead Sciences, Inc. on July 19, 2005