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

278,019 292,001 -5% Research and development costs, net 11,867 29,429 -60% 86,967 97,957 -11% Acquired in-process research and development 186,300 - - 186,300 - - Restructuring, asset impairments and dispositions 17,001 9,601 77% 21,295 27,675 -23% Amortization expense 12,357 13,438 -8% 49,973 55,985 -11% 335,464 168,922 99% 790,470 631,678 25% Income (loss) from operations (152,450) 20,018 (133,493) 57,825 Interest expense, net (798) (5,864) (13,357) (25,337) Gain (loss) on early extinguishment of debt 3,327 - (11,555) - Other income (expense), net including translation and exchange 5,447 (844) 2,063 1,659 Income (loss) from continuing operations before income taxes and minority interest (144,474) 13,310 (156,342) 34,147 Provision for income taxes 5,974 11,224 39,701 13,535 Minority interest 2 - 7 2 Income (loss) from continuing operations (150,450) 2,086 (196,050) 20,610 Income (loss) from discontinued operations, net (14,798) (22,419) 172,336 (26,796) Net loss $(165,248) $(20,333) $(23,714) $(6,186) Basic earnings (loss) per common share: Income (loss) from continuing operations $(1.82) $0.02 $(2.24) $0.22 Discontinued operations, net (0.18) (0.24) 1.97 (0.29) Net loss $(2.00) $(0.22) $(0.27) $(0.07)
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SOURCE Valeant Pharmaceuticals International
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