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

ment (I)—400.2395.32.39Diluted Shares Impact(0.06)Adjusted financial measures (3)$
,563.5$
8.6$
510.3$
3.04GAAP results for the year ended December 31, 2011 include:(A)

Project Fuel and related charges: $5.0 million reported in Cost of products sold, $3.4 million reported in Restructuring, impairment and (gain) on disposition of assets, net and $1.2 million reported in SG&A. Project Fuel initiatives include costs for process optimization implementation, severance and other employee benefits, exit costs, and other asset charges.(B)

Facilities Optimization charges: $0.8 million reported in Cost of products sold and $0.3 million reported in Restructuring, impairment and (gain) on disposition of assets, net. These charges relate to facilities optimization from the closure or departure from certain manufacturing and R&D facilities and include costs for severance and other employee benefits, accelerated depreciation and relocation of production and R&D operations.(C)

Amortization of certain intangible assets reported in Cost of products sold resulting from acquisitions including Mayne Pharma, Javelin Pharma and a generic injectable business by Hospira India.(D)

Impairment of certain assets reported in Restructuring, impairment and (gain) on disposition of assets, net, resulting from intangible asset impairments of $25.9 million and equipment impairment of $7.1 million. (E)

Certain quality and product related charges reported in Cost of products sold primarily include third party oversight and consul
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SOURCE Hospira, Inc.
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