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Earnings from operations were $265.9 million for the three months ended September 30, 2011, compared to $234.3 million for the comparable prior year period. Excluding the impact of purchase accounting related items in both periods, as mentioned above, earnings from operations increased to $370.0 million in the current quarter from $308.9 million in the comparable prior year period. This increase was driven by higher gross profit in the current year as a result of the increase in revenues, partially offset by increases in selling, general and administrative costs (SG&A).Interest expense for the three months ended September 30, 2011, totaled $85.8 million, compared to $87.5 million for the comparable prior year period. Included in interest expense for the current quarter and the comparable prior year period are $12.6 million and $17.6 million of expense primarily related to the amortization of the discounts on our convertible debt instruments and 2018 Senior Notes, net of amortization of the premium on our 2020 Senior Notes.
Other income (expense), net, was income of $12.1 million in the current quarter compared to expense of $15.3 million in the comparable prior year period. Generally included in other income (expense), net, are interest and dividend income and foreign exchange gains and losses.
EBITDA, which is defined as net income (loss) (excluding the non-controlling interest and income from equity method investees) plus income taxes, interest expense, depreciation and amortization, was $419.7 million for the quarter ended September 30, 2011, and $327.1 million for t
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| SOURCE Mylan Inc. Copyright©2010 PR Newswire. All rights reserved |