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

ed in Cost of products sold include start-up charges related to manufacturing capacity expansion in India.(F)

Other Restructuring Charges: $5.4 million reported in Cost of products sold and $30.7 million reported in Restructuring, impairment, and (gain) on disposition of assets, net. These charges include inventory charges, equipment impairments, contract termination charges, severance charges and gain on disposition associated with Hospira's exit of non-strategic product lines and commercial reorganization. (G)

Acquisition and integration related charges reported in SG&A include cost related to the pending acquisition and integration of an active pharmaceutical ingredient business. (H)

Settlement of IRS tax audit expense of $18.8 million reported in Income tax (benefit) expense.  This discrete income tax expense is related to the completion and effective settlement of U.S. tax return audits.Year ended December 31, 2011 Reconciliation of GAAP to Non-GAAP Financial Measures:Gross Profit(1)Income From

OperationsNet (Loss)

Income(2)Diluted EPSGAAP Financial Measures$
,397.6$
56.8$
(9.4)$
(0.06)Specified Items:Project Fuel and related charges (A)5.09.66.30.04Facilities Optimization charges (B)0.81.10.70.01Amortization of certain intangible assets (C)80.380.355.40.33Impairment of certain assets (D)—33.026.00.16Certain quality and product related charges (E)76.076.047.40.29Capacity expansion related charges (F)3.83.82.50.02Other restructuring charges (G)—7.85.80.04Effective settlement of IRS tax audit benefit (H)——(19.7)(0.12)Goodwill Impair
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SOURCE Hospira, Inc.
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