Trademarks noted in this press release are the property of their respective registered owners. CONTACTS: Investors:Lisa DeFrancesco (862) 261-7152Media:Charlie Mayr(862) 261-8030The following table presents Actavis' results of operations for the three and twelve months ended December 31, 2012 and 2011:Table 1Actavis, Inc.Condensed Consolidated Statement of Operations(Unaudited; in millions, except per share amounts)Three Months EndedTwelve Months EndedDecember 31,December 31,2012201120122011Net revenues$
4,584.4Operating expenses:Cost of sales (excludes amortization, presented below)1,008.0892.73,390.42,564.9Research and development121.167.2401.8295.4Selling, general and administrative424.3213.01,171.3754.9Amortization148.2151.3481.1354.3Loss on asset sales and impairments, net29.953.1149.578.7Total operating expenses1,731.51,377.35,594.14,048.2Operating income 18.7167.3320.8536.2Non-operating income (expense):Interest income188.8.131.52.1Interest expense(54.6)(12.7)(116.7)(81.8)Other income (expense), net151.90.638.5(0.5)Total other income (expense), net98.5(11.6)(75.7)(80.2)Income before income taxes and noncontrolling interest 117.2155.7245.1456.0Provision for income taxes88.261.5146.8196.9Net income29.094.298.3259.1Loss attributable to noncontrolling interest(1.0)0.6(1.0)1.8Net income attributable to common sh
|SOURCE Actavis, Inc.|
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