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This press release and/or the financial results attached to this press
release include "Adjusted Net Income," "Basic Adjusted Income per Common
Share," "Adjusted Net Income Guidance, "Basic Adjusted Income per Common
Share Guidance," and "Diluted Adjusted Income Per Common Share," amounts
that are considered "non-GAAP financial measures" under SEC rules. As
required, we have provided reconciliations of these measures. Additional
required information is located in the Form 8-K furnished to the SEC in
connection with this press release.
CEPHALON, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
Three Months Ended Year Ended
December 31, December 31,
2007 2006 2007 2006
REVENUES:
Sales $439,497 $473,347 $1,727,299 $1,720,172
Other revenues 10,474 11,335 45,339 43,897
449,971 484,682 1,772,638 1,764,069
COSTS AND EXPENSES:
Cost of sales 89,897 88,171 341,867 338,784
Research and development 95,037 129,340 369,115 424,239
Selling, general and
administrative 207,837 219,334 735,799 689,492
Settlement reserve - - 425,000 -
Impairment charge - - - 12,417
Acquired in-process research
and development - 5,000 - 5,000
392,771 441,845 1,871,781 1,469,932
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