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Watson Pharmaceuticals Reports First Quarter 2009 Results; Raises 2009 Outlook
Date:4/30/2009

oduct rights (23.1) (18.5) Additions to marketable securities - (1.3) Proceeds from sale of marketable securities 2.2 1.6 Proceeds from sale of fixed assets 3.0 - --- - Net cash used in investing activities (17.9) (18.2) ----- ----- Cash Flows from Financing Activities: Payments on term loan, current debt and other long-term liabilities (1.6) (88.1) Proceeds from issuance of short-term debt - 9.1 Proceeds from stock plans 3.6 0.1 Repurchase of common stock (2.2) (0.1) ---- ---- Net cash used in financing activities (0.2) (79.0) ---- ----- Net increase (decrease) in cash and cash equivalents 51.4 (30.6) Cash and cash equivalents at beginning of period 507.6 204.6 ----- ----- Cash and cash equivalents at end of period $559.0 $174.0 ====== ====== The following table presents a reconciliation of reported net income and diluted earnings per share to adjusted net income and diluted earnings per share for the three months ended March 31, 2009 and 2008: Table 4 Watson Pharmaceuticals, Inc. Reconciliation
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SOURCE Watson Pharmaceuticals, Inc.
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