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

e Sheet Data 2008 2007 Cash and cash equivalents (a) $199,582 $309,365 Marketable securities (a) 19,193 52,122 Total cash and marketable securities $218,775 $361,487 Accounts receivable, net $144,509 $147,863 Inventory, net 72,972 80,150 Long-term debt 447,862 782,552 (a) December 31, 2007 includes cash and cash equivalents and marketable securities of discontinued operations. Other Data Twelve Months Ended December 31, 2008 2007 Cash flow provided by (used in): Operating activities, continuing operations $206,770 $100,565 Operating activities, discontinued operations 9,759 (8,044) Investing activities (b) 169,918 (39,342) Financing activities (b) (475,004) (93,317) Effect of exchange rate changes on cash and cash equivalents (b) (21,226) 23,924 Net decrease in cash and cash equivalents (b) (109,783) (16,214) Net increase (decrease) in marketable securities (b) (32,929) 41,752 Net increase (decrease) in cash and marketable securities (b) $(142,712) $25,538 (b) Includes results from discontinued operations. Three months ended GSK Collaboration - Retigabine Decem
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