Schering-Plough Reports Financial Results for 2009 Seco...(75 -- ...)

Date:7/21/2009

75 -- - - - -- Net income available to common shareholders $1,401 $205 $100 $- $1,706 ====== ==== ==== == ====== Diluted earnings Per common share (2) $0.85 $1.02 ===== ===== Average shares outstanding common and participating - diluted (2) 1,744 1,744 (1) "As Reconciled" to exclude purchase accounting adjustments, special, merger and acquisition-related items and other specified items. (2) Diluted EPS for the six months ended June 30, 2009 is calculated based on net income and average diluted shares - common and participating - outstanding. For the six months ended June 30, 2009, approximately 91 million common shares obtainable upon conversion of Schering-Plough's 2007 mandatory convertible preferred stock were included in the computation of diluted EPS because their effect would have been dilutive.

    SCHERING-PLOUGH CORPORATION

    Reconciliation 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
    (Amounts in Millions, except per share figures)

                                    Six months ended June 30, 2008
                                             (unaudited)
                                             -----------
                                                Special
                                  Purchase        and
                                 Accounting  Acquisition-   Other       
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SOURCE  Schering-Plough Corporation
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