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Barr Reports Second Quarter 2008 GAAP Earnings of $0.52 Per Share; Adjusted Earnings of $0.64 Per Share

s in generally accepted accounting principles; and other risks detailed in our SEC filings, including in our Annual Report on Form 10-K for the year ended December 31, 2007.

The forward-looking statements contained in this press release speak only as of the date the statement was made. The Company undertakes no obligation (nor does it intend) to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required under applicable law.

Barr Pharmaceuticals, Inc. Selected Financial Data

(in millions, except per share data)

Three Months Six Months

Ended Ended

June 30, June 30,

2008 2007 2008 2007


Product sales $675 $586 $1,240 $1,147

Alliance and development revenue 93 36 125 61

Other revenue 11 12 22 22

Total revenues 779 634 1,387 1,230

Costs and expenses:

Cost of sales 353 275 628 574

Selling, general and administrative 221 188 415 367

Research and development 81 66 145 129

Write-off of acquired IPR&D - 3 - 4

Earnings from operations 124 102 199 156

Interest income 7 8 12 19

Interest expense 27 42 59 84

Other (expense) income, net - 4 (8) 5

Earnings before income taxes and

minority interest 104 72 144 96


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

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