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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

2,119(Loss) earnings before income taxes and noncontrolling interest

(2,043)(25,889)355,944226,975Income tax (benefit) provision

(22,843)(73,312)10,402(20,773)Net earnings

20,80047,423345,542247,748Net (earnings) loss attributable to the noncontrolling interest

(952)(8,519)(427)(15,177)Net earnings attributable to Mylan Inc. before preferred dividends

19,84838,904345,115232,571Preferred dividends

17,25934,759121,535139,035Net earnings attributable to Mylan Inc. common shareholders

$
2,589$
4,145$
223,580$
93,536Earnings per common share attributable to Mylan Inc.common shareholders(1):Basic

$
.01$
.01$
.69$
.31Diluted

$
.01$
.01$
.68$
.30Weighted average common shares outstanding(1):Basic

372,401305,797324,453305,162Diluted

376,876309,396328,979306,913(1)  The three and twelve months ended December 31, 2010 include the effect of the Preferred Stock Conversion into approximately 125.2 million shares of Mylan common stock on November 15, 2010.Mylan Inc. and SubsidiariesCondensed Consolidated Balance Sheets(Unaudited; in thousands)December 31, 2010December 31, 2009Assets:   Current assets:Cash and cash equivalents

$
2,052$
380,516Restricted cash

23,97247,965Marketable securities

29,08527,559Accounts receivable, net

1,157,0811,234,634Inventories

1,240,2711,114,219Other current assets

446,982480,493Total current assets

3,559,4433,285,386   Intangible assets, net

2,501,1502,384,848   Goodwill

3,599,3343,331,247   Other non-current assets

1,876,8771,800,253Total assets

$
,536,804$
,801,734Liabilities:   Current liabilities

$
,809,612$
,718,147   Long-term debt

5,263,3764,984,987   Other non-current liabilities

848,415953,402Total liabilities

7,921,4037,656,536Noncontrolling interest

13,52214,05
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SOURCE Mylan Inc.
Copyright©2010 PR Newswire.
All rights reserved

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4. Shire Receives FOSRENOL Paragraph IV Notice Letters from Barr Laboratories and Mylan
5. Mylan Reports Adjusted Diluted EPS of $0.26 for the Quarter Ended Dec. 31, 2008, and Adjusted Diluted EPS of $0.80 for the Year Ended Dec. 31, 2008
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