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Valeant Pharmaceuticals Reports Fourth Quarter and Full Year Financial Results
Date:2/24/2009

11,728 -41% Total Non-GAAP operating income $124,075 $141,485 -12% Currency impact and non-GAAP operating income excluding currency impact Three Months Ended December 31, 2008 2008 excluding currency currency % impact impact 2007 Change Specialty pharmaceuticals $1,356 $ 36,124 $ 18,735 93% Branded generic - Latin America 2,311 15,935 13,500 18% Branded generic - Europe 1,243 11,884 12,891 -8% $4,910 $63,943 $45,126 42% Twelve Months Ended December 31, 2008 2008 excluding currency currency % impact impact 2007 Change Specialty pharmaceuticals $(651) $43,649 $46,204 -6% Branded generic - Latin America 1,626 31,296 40,713 -23% Branded generic - Europe (4,508) 38,679 42,840 -10% $(3,533) $113,624 $129,757 -12% (a) Excludes from GAAP operating income (loss) of ($152.5) million, ($133.5) million, $20.0 million and $57.8 million in the three and twelve months ended December 31, 2008 and 2007 respectively, the following non- GAAP adjustments: acquired in-process research and development, restructuring, asset impairments and dispositions an
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