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Valeant Pharmaceuticals Reports 2011 First Quarter Financial Results
Date:5/9/2011

k-based compensation for the three months ended March 31, 2011 was $ 29.9 million, of which $23.3 million reflects the amortization of the fair value step-up increment resulting from the merger.(g) Restructuring and acquisition-related costs for the three months ended March 31, 2011 represent costs related to the merger of Legacy Valeant into Legacy Biovail and include $4.9 million related to employee severance, $4.1 million related to facility closure costs, $3.3 million related to increases in Deferred Stock Unit values related to directors retired as a result of the merger with Valeant Pharmaceuticals International, $3.3 million related to contract cancellation fees, consulting, legal and other costs, $3.1 million related to acquisition related costs, and $0.3 million related to R&D wind down costs.Valeant Pharmaceuticals International, Inc.Table 3Statement of Revenue - by SegmentFor the Three Months Ended March 31, 2011 and 2010(In thousands) Three Months Ended March 31, Revenue (a)(b)20112010%
Change (c)2011
currency
impact2011
excluding
currency
impact%
Change (c)  U.S. Neurology & Other$ 209,599$ 148,30441%$
-$
209,59941%  U.S. Dermatology 152,70638,974292%(15)152,691292%  Total U.S.362,305187,27893%(15)362,29093%Canada/Australia70,24524,512187%(3,856)66,389171%Specialty Pharmaceuticals432,550211,790104%(3,871)428,679102%Branded generics - Europe 76,0937,845870%16276,255872%Branded generics - Latin America 56,383-NM(3,260)53,123NMBranded Generics132,4767,845NM(3,098)129,378NMTotal revenue$ 565,026$ 219,635157%$  (6,969)$
558,057
154%(a) Note: Currency effect fo
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SOURCE Valeant Pharmaceuticals International, Inc.
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