Warner Chilcott Reports Operating Results for the Quarter Ended Septembe...(st expense 29166 57387 ...),Health

Accretion on preferred

stock of subsidiary - 8,484 - 26,190

INCOME / (LOSS) BEFORE

TAXES 10,796 (76,284) 15,409 (136,629)

Provision for income taxes 5,003 4,744 6,221 8,361

NET INCOME / (LOSS) 5,793 (81,028) 9,188 (144,990)

Preferential distribution to

Class L shareholders (a) 20,891 (a) 65,112

Net income / (loss)

attributable to Class A

shareholders $5,793 $(101,919) $9,188 $(210,102)

Earnings (Loss) per share:

Class A - Basic $0.02 $(0.95) $0.04 $(2.20)

Class A - Diluted $0.02 $(0.95) $0.04 $(2.20)

Class L - Basic (a) $2.20 (a) $6.33

Class L - Diluted (a) $2.20 (a) $6.33

RECONCILIATION TO CASH NET

INCOME/(LOSS) AND ADJUSTED CASH

NET INCOME :

Net income / (loss) - GAAP $5,793 $(81,028) $9,188 $(144,990)

+ Amortization of

intangible assets,

net of tax 52,118 58,007 157,332 169,779

+ Amortization of deferred

loan costs, net of tax 2,583 12,008 9,646 16,593

Cash net

income/(loss) $60,494 $(11,013) $176,166 $41,382

Non-recurring, one-time charges

included above (all net of

tax):

+ Accretion on preferred stock

of subsidiary - 8,484 - 26,190

+ Sponsors' management fee

buyout in SG&A - 27,423 - 27,423

+ One-time non-cash share-

based compensation - 14,586
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