Cash provided by operating activities, excluding certain items, was $378.1 million for the three months ended September 30, 2011. The excluded items consist of a payment of $60.4 million to Merck KGaA as reimbursement for the tax savings generated through the settlement of indemnified litigation, and a net $34.7 million reversal of deferred revenue. On a GAAP basis, cash provided by operating activities was $283.0 million.For the nine months ended September 30, 2011, Mylan reported total revenues of $4.60 billion compared to $4.02 billion in the comparable prior year period, representing an increase of $582.6 million, or 14.5% Revenues were favorably impacted by the effect of foreign currency translation, generally reflecting a weaker U.S. dollar as compared to the currencies in other major markets in which Mylan operates. Translating third party net revenues at prior year exchange rates would have resulted in year-over-year growth in third party net revenues excluding foreign currency of $459 million, or approximately 12%.
Other revenues from third parties for the nine months ended September 30, 2011, were $19.4 million compared to $36.4 million in the comparable prior year period, a decrease of $17.0 million.
Generics third party net sales were $4.14 billion for the nine months ended September 30, 2011, compared to $3.63 billion in the comparable prior year period.
Third party net sales from North America were $2.12 billion for the nine months ended September 30, 2011, compared to $1.71 billion for the comparable prior year period, representing an increase of $406.5 million, or 23.7%. The increase in third party revenues was principally due to sales of ne
|SOURCE Mylan Inc.|
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