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

atson's periodic public filings with the Securities and Exchange Commission, including but not limited to Watson's Annual Report on Form 10-K for the year ended December 31, 2008. Except as expressly required by law, Watson disclaims any intent or obligation to update these forward-looking statements.

    The following table presents Watson's Condensed Consolidated Statements of Operations for the three months ended March 31, 2009 and 2008:


                                                          Table 1
                  Watson Pharmaceuticals, Inc.
        Condensed Consolidated Statements of Operations
       (Unaudited; in millions, except per share amounts)

                                                   Three Months
                                                       Ended
                                                    March 31,
                                                    ---------
                                                   2009     2008
                                                   ----     ----


    Net revenues                                 $667.4   $626.9
    Cost of sales (excludes amortization,
     presented below)                             388.7    380.1
                                                  -----    -----
    Gross profit                                  278.7    246.8
                                                  -----    -----

    Operating expenses:
      Research and development                     42.3     38.0
      Selling, general and administrative         134.6    106.6
      Amortization                                 21.8     20.2
      Gain on asset sales                          (1.5)       -
                                                   ----     ----
        Total operating expenses                  197.2    164.8
                                                  -----    -----
    Operating income                       
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SOURCE Watson Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
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