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Schering-Plough Reports Financial Results for 2007 Fourth Quarter, Full Year
Date:2/12/2008

conciliation from Reported Net Income Available to Common Shareholders and Reported Diluted Earnings Per Common Share to As Reconciled Amounts for Net Income

Available to Common Shareholders and Diluted Earnings per Common Share (unaudited)
(Amounts in Millions, except per share figures)

Three months ended December 31, 2006

Purchase Acquisition- Other

As Accounting Related Specified As

Reported Adjustments Items Items Reconciled

Net sales $2,650 $ - $ - $ - $2,650

Cost of sales 915 - - (45) 870

Selling, general

and administrative 1,250 - - - 1,250

Research and

development 631 - - (15) 616

Acquired in-process

research and

development - - - - -

Other income, net (46) - - - (46)

Special and

acquisition

related charges 12 - - (12) -

Equity income (403) - - - (403)

Income before

income taxes 291 - - 72 363

Income tax expense 87 - - - 87

Net income before

cumulative effect

of a change in

accounting principle $204 $ - $ - $72 $276

Cumulative effect of

a change in

accounting principle,

net of tax - - - - -

Net income $204 $ - $ - $72 $276

Preferred stock

dividends 22 - - -
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SOURCE Schering-Plough Corporation
Copyright©2008 PR Newswire.
All rights reserved

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