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Watson Pharmaceuticals Reports Second Quarter 2009 GAAP EPS of $0.46; Adjusted EPS $0.61; Company Raises 2009 Outlook
Date:7/29/2009

rating Activities: Net income $102.1 $110.9 ------ ------ Reconciliation to net cash provided by operating activities: Depreciation and amortization 91.2 84.5 Deferred income tax provision 2.3 17.4 Provision for inventory reserve 25.2 22.2 Restricted stock and stock option compensation 9.6 9.3 Other adjustments (4.3) (7.2) Changes in assets and liabilities: Accounts receivable, net (51.6) (30.1) Inventories (51.4) (22.3) Accounts payable and accrued expenses 45.8 (18.9) Income taxes payable (11.0) 5.1 Other assets and liabilities 3.3 (4.7) --- ---- Total adjustments 59.1 55.3 ---- ---- Net cash provided by operating activities 161.2 166.2 ----- ----- Cash Flows from Investing Activities: Additions to property, equipment and product rights (41.5) (29.5) Additions to marketable securities and long-term investments (3.0) (3.7) Proceeds from sale of marketable securities and investments 3.9 3.8 Proceeds from sale of fixed assets 3.0 - --- --- Net cash used in investing activi
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SOURCE Watson Pharmaceuticals, Inc.
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Related medicine news :

1. Watson Announces License Agreement With GeneraMedix for Generic Version of Ferrlecit(R)
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3. Watson Confirms Filing of Abbreviated New Drug Application for Generic Sanctura XR(R)
4. Watson Pharmaceuticals Receives a Complete Response Letter for Its 24-Week Formulation of TRELSTAR(R) (triptorelin pamoate) NDA from US FDA
5. Watson to Host Second Quarter 2009 Earnings Conference Call and Webcast
6. Watson Pharmaceuticals Resumes Shipment of INFeD(R) (Iron Dextran Injection, USP)
7. Watson Pharmaceuticals Receives FDA Approval for Fruit and Cinnamon Flavored Coated Nicotine Gums
8. Watson Pharmaceuticals Receives FDA Approval For Generic PLAN B(R)
9. Watson to Acquire Arrow Group
10. Watson Files FDA Application for Generic Mucinex(R) D
11. Watson Launches GELNIQUE(TM) (oxybutynin chloride) Gel 10%, First and Only Topical Gel for Overactive Bladder (OAB)
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