RECONCILIATION
TO ADJUSTED EBITDA:
Net income - GAAP $40,089 $5,793 $107,315 $9,188
+ Interest expense,
net 23,622 28,271 72,231 90,334
+ Provision for
income taxes 6,416 5,003 22,698 6,221
+ Non-cash
share-based
compensation expense 2,115 1,659 6,120 5,030
+ Depreciation 2,891 2,648 8,940 7,358
+ Amortization of
intangible assets 59,080 57,054 164,830 172,161
+ R&D milestone
expense - 14,000 - 14,000
+ Litigation
settlements - 9,000 - 26,500
Adjusted EBITDA
of WCL,
as defined $134,213 $123,428 $382,134 $330,792
+ Expenses of
WCL and other 916 2,599 3,686 5,050
Adjusted EBITDA
of Warner Chilcott
Holdings Company
III, Ltd.,
as defined $135,129 $126,027 $385,820 $335,842
Note: Warner Chilcott Holdings Company III, Limited and certain of
its subsidiaries are parties to our credit agreement and the indenture
governing our Senior Subordinated Notes due 2015. Warner Chilcott
Limited is not a party to these agreements. Certain expenses included
in Warner Chilcott Limited's consolidated operating results are not
deducted in arriving at Adjusted EBITDA for Warner Chilcott Holdings
Company III, Ltd and its subsidiaries.
WARNER CHILCOTT LIMITED
REVENUE BY PRODUCT
(In millions of U.S. dollars)
(Unaudited)
Quarter Ended Nine Months Ende
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