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Questcor Reports Record Second Quarter Financial Results
Date:7/24/2014

an>Net sales - BioVectra

17,418

7,528

34,754

15,885Consolidated net sales

278,830

184,573

505,934

319,702Medicaid adjustment

0

11,500

0

11,500Adjusted consolidated net sales

$278,830

$196,073

$505,934

$331,202Notes to Reconciliation of Non-GAAP Adjusted Financial DisclosureNet income per share – basic and diluted may not foot due to rounding. Use of Non-GAAP Financial Measures Our "non-GAAP adjusted net income" excludes the following items from GAAP net income: 1. Share-based compensation expense.2. Depreciation and amortization expense.3. Other non-cash expense (income) related to the acquisition of BioVectra, including compensation expense associated with the BV agreement.4.  Other non-cash expense (income) related to the acquisition of Synacthen Depot, including net present value adjustment of the Synacthen Depot liability.5.  Transaction costs related to the pending merger with Mallinckrodt plc.6.  Medicaid adjustment for prior period 2002 – 2009.7. Upfront payment to a third party in connection with a research and development agreement.QUESTCOR PHARMACEUTICALS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except share information)(unaudited)June 30,
 2014December 31,
 2013ASSETSCurrent assets:Cash and cash equivalents


SOURCE Questcor Pharmaceuticals, Inc.
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