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Mylan Reports Adjusted Diluted EPS of $0.45 for the Quarter, a 36% Increase over Prior Year Quarter; and $1.61 for the Year, a 24% Increase over Prior Year
Date:2/24/2011

d to losses recognized as a result of reorganizations among certain of the Company's foreign subsidiaries.  

(e)  Adjusted diluted EPS for all periods presented were calculated under the "if-converted method" which assumes conversion of the Company's preferred stock into shares of common stock, based on an average share price, and excludes the preferred dividend from the calculation, as the "if-converted method" is more dilutive. Below is a reconciliation of GAAP net earnings attributable to Mylan Inc. to adjusted EBITDA for the quarter and years ended December 31, 2010, and 2009 (in millions):  Three months ended December 31,Year ended December 31,2010200920102009GAAP net earnings attributable to Mylan Inc. before preferred dividends

$
9.8$
38.9$
345.1$
232.6Add/(Deduct):Net contribution attributable to the noncontrolling interest and equity method investees

1.08.50.516.4Income taxes

(22.8)(73.3)10.4(20.8)Interest expense

91.578.3331.5318.5Depreciation and amortization

122.3104.2435.2401.2EBITDA

$
211.8$
56.6$ 1,122.7$
947.9Add Adjustments:Stock-based compensation expense

7.27.631.431.2Litigation settlements, net

112.8114.2127.1225.7Integration and other special items

41.433.1117.949.6Adjusted EBITDA

$
373.2$
311.5$ 1,399.1$ 1,254.4Conference CallMylan will host a conference call and live webcast today, Thursday, February 24, 2011, at 10:00 a.m. ET, in conjunction with the release of its financial results.  The dial-in number to access the call is 888.298.3511, or 719.457.2710 for international callers. A replay, available for approximately seven days, can be accessed by calling 888.203.1112 or 719.457.0820 for international callers, pass code 1214329.  To access a live webcast of the call, and the accompanying presentation, please log on to Mylan's website (www.mylan.com) at least 15 minutes before the
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SOURCE Mylan Inc.
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