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Barr Reports Second Quarter 2008 GAAP Earnings of $0.52 Per Share; Adjusted Earnings of $0.64 Per Share
Date:8/7/2008

to evaluate the

performance of the ongoing operations, adjusted earnings exclude the

impact of discontinued operations

Accounted for as discontinued operations $- $(1)

(b) Net results from operations expected to be divested, net of minority

interest

Other revenue $(6) $(5)

Less:

Cost of sales (6) (4)

Selling, general and administrative (1) (2)

Total $1 $1

To adjust for the results of operations of our non-core DDD&I business which is expected to be divested. The Company believes adjusting GAAP earnings for this loss will allow investors to better assess our ongoing activities.

(c) Amortization and inventory step up adjustments:

Cost of Sales $(52) $(38)

(d) Incremental PLIVA Depreciation due to purchase accounting write up of

fixed assets:

Cost of sales $(7) $(5)

Selling, general and administrative (1) -

Total $(8) $(5)

(e) Write off of acquired IPR&D associated with additional PLIVA shares

$- $(3)

(f) Product settlement - Sanctura $(53) $-

(g) Litigation Reserve $- $(2)

(h) Adjustments to tax expense, including:

Tax impact of adjustments (a) - (g)

above $(5) $13

Tax (benefit) from recognition

of acquired NOL - (3)

Total $(5) $10

EBI
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SOURCE Barr Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

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