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Hospira Reports Fourth-Quarter and Full-Year 2012 Results
Date:2/13/2013

$
5.3$
.03Specified Items:Facilities Optimization charges (A)—1.20.90.01Amortization of certain intangible assets (B)17.617.612.80.08Impairment of certain assets (C)——1.70.01Certain quality and product related charges (D)44.144.133.30.20Capacity expansion related charges (E)6.66.64.40.03Other restructuring charges (F)0.520.213.60.08Acquisition and integration related charges (G)—1.00.6—Effective settlement of IRS tax audit expense (H)——18.80.11Adjusted financial measures (3)$
383.5$
21.5$
91.4$
.55GAAP results for the three months ended December 31, 2012 include:(A)

Facilities Optimization charges: $1.2 million reported in Restructuring, impairment, and (gain) disposition of assets, net.  The equipment and  facility impairment charges relate to Hospira's plans to exit a specialty injectable drug finishing operation.(B)

Amortization of certain intangible assets reported in Cost of products sold resulting from acquisitions including Mayne Pharma Limited ("Mayne Pharma"), Javelin Pharmaceuticals, Inc. ("Javelin Pharma") and a generic injectable business by Hospira Healthcare India Private Limited ("Hospira India").(C)

Impairment of certain assets: $1.7 million reported in Other expense (income), net, related to a marketable equity investment.(D)

Certain quality and product related charges reported in Cost of products sold primarily include third party oversight and consulting costs, extended production downtime related costs, failure to supply penalties, device product review and remediation costs to address identified issues, and costs for corrective
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SOURCE Hospira, Inc.
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