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Hospira Reports Third-Quarter 2009 Results
Date:10/27/2009
s sold, $1.0 million reported in Research and development and $16.8 million reported in Selling, general and administrative. These charges relate to the integration of Mayne Pharma and other acquisitions into our operations and include costs for closure of facilities, termination of lease agreements, severance and other employee benefit costs. (1) Gross profit is defined as Net sales less Cost of products sold. Hospira, Inc. Condensed Consolidated Balance Sheets (Unaudited) (dollars in millions) September 30, December 31, Assets 2009 2008 -------- -------- Current Assets: Cash and cash equivalents $920.6 $483.8 Trade receivables, less allowances of $6.9 in 2009 and $6.7 in 2008 594.1 583.4 Inventories 849.5 830.5 Deferred income taxes 214.9 172.2 Prepaid expenses and other current assets 38.5 35.7 Other receivables 54.6 43.7 -------- -------- Total Current Assets 2,672.2 2,149.3 -------- -------- Property and equipment, net 1,182.8 1,192.1 Intangible assets, net 404.3 404.4 Goodwill 1,213.5 1,167.4 Deferred income taxes 24.3 70.1 Investments
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| SOURCE Hospira, Inc. Copyright©2009 PR Newswire. All rights reserved |
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