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Jazz Pharmaceuticals Announces Third Quarter 2013 Financial Results
Date:11/5/2013

cluding the uncertainty of expected future financial performance and results; and those other risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in Jazz Pharmaceuticals plc's Securities and Exchange Commission filings and reports (Commission File No. 001-33500), including the Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 and future filings and reports by the company. Jazz Pharmaceuticals undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations.

 

 

JAZZ PHARMACEUTICALS PLCCONDENSED CONSOLIDATED STATEMENTS OF INCOME(In thousands, except per share amounts)(Unaudited) Three Months Ended
September 30,Nine Months Ended
September 30,2013201220132012Revenues:Product sales, net

$

230,386$

174,130$

631,602$

398,585Royalties and contract revenues

1,7741,3855,0473,691Total revenues

232,160175,515636,649402,276Operating expenses:Cost of product sales

24,25232,62976,50352,662Selling, general and administrative

74,97060,924223,004162,505Research and development

12,8146,92032,81113,200Intangible asset amortization

19,56419,74258,51843,444Total operating expenses

131,600120,215390,836271,811Income from operations

100,56055,300245,813130,465Interest expense, net

(6,202)(7,750)(20,743)(9,199)Foreign currency loss

(614)(1,099)(728)(1,357)Loss on extinguishment and modification of debt

——(3,749)—Income from continuing operations before income tax provision

93,74446,451220,593119,909Income tax provision

18,33512,85659,57424,966Income from continuing operations

75,40933,595161,01994,943Loss from discontinued operations

—(386)—(6,908)Net income

$

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SOURCE Jazz Pharmaceuticals plc
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