Other income (expense), net, for the current nine-month period was income of $22.5 million compared to expense of $29.4 million in the comparable prior year period. In addition to the items discussed above, included in other income (expense), net, for the comparable prior year period are charges associated with the termination of certain interest rate swaps totaling $7.4 million and the write-off of previously deferred financing fees of $7.6 million, in conjunction with the debt offering completed during the nine months ended September 30, 2010.
EBITDA was $1.17 billion for the nine months ended September 30, 2011, and $910.9 million for the comparable prior year period. After adjusting for certain items as further detailed below, adjusted EBITDA was $1.27 billion for the current nine-month period and $1.03 billion for the comparable prior year period, representing a 24% increase.
Non-GAAP Financial Measures Mylan is disclosing non-GAAP financial measures when providing financial results. Primarily due to acquisitions, Mylan believes that an evaluation of its ongoing operations (and comparisons of its current operations with historical and future operations) would be difficult if the disclosure of its financial results were limited to financial measures prepared only in accordance with accounting principles generally accepted in the U.S. (GAAP). In addition to disclosing its financial results determined in accordance with GAAP, Mylan is disclosing non-GAAP results that exclude items such as amortization expense and other costs directly associa
|SOURCE Mylan Inc.|
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