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SHAREHOLDERS' EQUITY 1,354,420 1,328,232
TOTAL LIABILITIES & SHAREHOLDERS'
EQUITY $2,884,974 $3,162,545
WARNER CHILCOTT LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
(in thousands of U.S. dollars)
(Unaudited)
Quarter Ended Year Ended
Dec-31-07 Dec-31-06 Dec-31-07 Dec-31-06
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net income / (loss) $19,687 $(8,520) $28,875 $(153,510)
Adjustments to reconcile net
income / (loss) to net cash
provided by operating
activities:
Depreciation 2,892 2,171 10,250 7,177
Amortization of intangible
assets 56,169 68,300 228,330 253,425
Amortization of debt finance
costs 3,280 11,135 13,813 30,154
Stock compensation expense 1,085 1,711 6,115 17,787
Accretion of preferred stock
in subsidiary - - - 26,190
Changes in assets and
liabilities:
Decrease / (increase) in
accounts receivable, prepaid
and other assets 12,742 12,780 1,852 (22,914)
(Increase) / decrease in
inventories (621) (6,955) 12,345 (34,978)
Increase in accounts payable,
accrued expenses & other
liabilities 17,107 1,888 32,430 7,933
(Decrease) / increase in
income taxes and other, net (6,507) (11,581) 5,540 (
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