Adjusted EBITDA
To supplement its condensed consolidated financial statements presented in accordance with US GAAP, the Company is providing a summary to show the computation of adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") taking into account certain charges that were taken during the quarter and nine months ended September 30, 2007 and 2006. The computation of adjusted EBITDA is based on the definition of EBITDA contained in the indenture governing the Company's 8.75% Senior Subordinated Notes due 2015.
WARNER CHILCOTT LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of U.S. dollars, except per share amounts)
(Unaudited)
Quarter Ended Nine Months Ended
Sept-30-07 Sept-30-06 Sept-30-07 Sept-30-06
REVENUE:
Product net sales $223,670 $194,668 $663,625 $548,099
Other revenue 2,794 - 8,233 -
Total revenue 226,464 194,668 671,858 548,099
COSTS & EXPENSES:
Cost of sales (excludes
amortization) 45,490 39,186 142,383 108,204
Selling, general and
administrative 60,760 99,671 208,808 198,978
Research and development 24,093 4,794 42,763 19,451
Amortization of intangible
assets 57,054 63,151 172,161 185,125
Interest income (895) (1,721) (3,928) (2,506)
Intere
'/>"/>
| SOURCE Warner Chilcott Limited Copyright©2007 PR Newswire. All rights reserved |