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Perrigo Reports Record Fourth Quarter and Fiscal Year Revenue and Earnings
Date:8/15/2013

serBarclays, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Perrigo and no one else in connection with the matters described herein and will not be responsible to anyone other than Perrigo for providing the protections afforded to its clients or for providing advice in relation to the matters described in this announcement or any transaction or any other matters referred to herein.

(1) The synergy and earning enhancement statement should not be construed as a profit forecast or interpreted to mean that New Perrigo's earnings in the current or any subsequent financial period, would necessarily match or be greater than or be less than those of Perrigo and / or Elan for the relevant financial period or any other period.

 PERRIGO COMPANYCONDENSED CONSOLIDATED STATEMENTS OF INCOME(in millions, except per share amounts)Fiscal Year EndedJune 29, 2013June 30, 2012June 25, 2011Net sales

$
3,539.8$
3,173.2$
2,755.0Cost of sales

2,259.82,077.71,810.2Gross profit

1,280.01,095.6944.9  Operating expenses  Distribution

47.539.134.7  Research and development

115.2105.889.3  Selling and administration

426.3372.7329.7  Write-off of in-process research and development

9.0——  Restructuring

2.98.81.0Total

600.9526.4454.7Operating income

679.1569.2490.2Interest, net

65.860.742.3Other expense (income), net

0.9(3.5)(2.7)Losses on sales of investments

4.7——Income from continuing operations before income taxes

607.7512.0450.6Income tax expense

165.8119.0110.0Income from continuing operations

441.9393.0340.6Income (loss) from discontinued operations, net of tax

—8.6(1.4)Net income

$
441.9$
401.
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SOURCE Perrigo
Copyright©2012 PR Newswire.
All rights reserved

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