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Mylan Reports Adjusted Diluted EPS of $0.43; Reaffirms 2010 Adjusted Diluted EPS Guidance of $1.55 - $1.65
Date:10/26/2010

ition, please refer to the cautionary statements and risk factors set forth in the company's Report on Form 10-Q, for the quarter ended June 30, 2010, and in its other filings with the SEC. Further, uncertainties or other circumstances, or matters outside of the company's control between the date of this release and the date that its Form 10-Q for the quarter ended September 30, 2010, is filed with the SEC could potentially result in adjustments to reported results. The company undertakes no obligation to update statements herein for revisions or changes after the date of this release.

Mylan Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited; in thousands, except per share amounts)Three Months Ended
September 30,Nine Months Ended
September 30,2010200920102009Revenues:Net revenues

$ 1,344,999$ 1,255,708$ 3,979,648$ 3,679,868Other revenues

10,1148,36636,37561,100Total revenues

1,355,1131,264,0744,016,0233,740,968Cost of sales

775,056759,0942,377,8182,182,488Gross profit

580,057504,9801,638,2051,558,480Operating expenses:Research and development

71,99269,812200,076202,665Selling, general and administrative

272,285259,609796,420780,953Litigation settlements, net

1,462114,28114,299111,530Total operating expenses

345,739443,7021,010,7951,095,148Earnings from operations

234,31861,278627,410463,332Interest expense

87,53677,034239,985240,209Other (expense) income, net

(15,269)243(29,437)29,741Earnings before income taxes and noncontrolling interest

131,513(15,513)357,988252,864Income tax provision (benefit)

(12,026)(11,092)33,24552,539Net earnings

143,539(4,421)324,743200,325Net (earnings) loss attributable to the noncontrolling interest

(356)(841)525(6,658)Net earnings attributable to Mylan Inc. before preferred dividends

143,183(5,262)325,268193,667Preferred dividends

34,7
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SOURCE Mylan Inc.
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