Cash and cash
equivalents,
beginning of period 57,939 44,391 84,464 11,502
Cash and cash
equivalents, end
of period $26,762 $287,910 $26,762 $287,910
WARNER CHILCOTT LIMITED
Reconciliation of Net Income / (Loss) to Adjusted EBITDA
(In thousands of U.S. dollars)
(Unaudited)
Quarter Ended Nine Months Ended
Sept-30-07 Sept-30-06 Sept-30-07 Sept-30-06
RECONCILIATION TO ADJUSTED
EBITDA:
Net income / (loss) - GAAP $5,793 $(81,028) $9,188 $(144,990)
+ Interest expense, net 28,271 55,666 90,334 146,780
+ Provision for income taxes 5,003 4,744 6,221 8,361
+ Stepped up basis of inventory
in cost of sales - - - 1,464
+ Non-operating, sponsors'
management fees in SG&A - 28,673 - 31,173
+ Non-cash share-based
compensation expense 1,659 15,051 5,030 16,076
+ Depreciation 2,648 2,033 7,358 5,006
+ Amortization of intangible
assets 57,054 63,151 172,161 185,125
+ R&D milestone expense 14,000 - 14,000 3,000
+ Accretion on preferred stock
in subsidiary - 8,484 - 26,190
+ Litigation settlements 9,000 - 26,500 -
Adjusted EBITDA of WCL, as
defined $123,428 $96,774 $330,792 $278,185
+ Expenses of WCL and other 2,599 150 5,050
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