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

tionalPro Forma Organic Growth - by SegmentFor the Three Months Ended March 31, 2011(In thousands) Three Months Ended March 31, Mar YTD
2011Pro forma
Mar YTD
2010 (c)%   ChangeMar YTD  2011 currency impactMar YTD excluding currency impact%
ChangeMar YTD
acquisition
impact at
2010 rates Mar YTD
excluding
currency &
acquisition
impactMar YTD
growth at
constant
currency,
net of
acquisitionsProduct Sales (a)(b)  U.S. Dermatology $   95,919$   73,41831%$
(25)$   95,89431%$
(6,531)$
89,36322%  U.S. Neurology & Other203,544189,7137%-203,5447%(20,625)182,919-4%Total U.S.299,463263,13114%(25)299,43814%(27,156)272,2823%Canada/Australia69,05058,77817%(4,415)64,63510%(3,843)60,7923%Specialty pharmaceuticals 368,513321,90914%(4,440)364,07313%(30,999)333,0743%Branded generics - Latin America 56,38342,05834%(3,260)53,12326%(6,471)46,65211%Branded generics - Europe 75,52549,55152%(98)75,42752%(17,042)58,38518%Branded Generics131,90891,60944%(3,358)128,55040%(23,513)105,03715%Total product sales500,421413,51821%(7,798)492,62319%(54,512)438,1116%Royalties20,74017,04122%-20,74022%-20,74022%Total organic revenue$ 521,161$ 430,55921%$  (7,798)$ 513,36319%$
(54,512)
$   458,8517%Organic Growth - excluding Diastat & EfudexDiastat adjustment$   (7,914)$ (15,864)-50%$
-$   (7,914)-50%$
-$
(7,914)-50%  
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SOURCE Valeant Pharmaceuticals International, Inc.
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