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$ 514,118+ Amortization of intangible assets, net of tax
168,393
127,353
617,110
284,006+ Amortization of deferred loan costs, net of tax
21,537
15,530
60,036
25,505CASH NET INCOME$ 205,376
$ 133,397
$ 848,118
$ 823,629Non-recurring, one-time charges included above (net of tax):+ (Gain) on sale of assets, net of tax
$ —
$ —
$ —
$ (380,088)+ Write-off of fair value step-up on acquired inventories
—
65,119
93,743
65,119+ Gain recognized on contract termination
—
—
(18,127)
—+ Gain recognized on sale of certain LEO inventories
—
(33,500)
(34,040)
(33,500)ADJUSTED CASH NET INCOME$ 205,376
$ 165,016
$ 889,694
$ 475,160WARNER CHILCOTT PUBLIC LIMITED COMPANYCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands of U.S. dollars)(Unaudited)As of
December 31, 2010As of
December 31, 2009ASSETSCurrent assets:Cash & cash equivalents$ 401,807
$ 539,006Accounts receivable, net368,537
339,753Inventories, net119,497
236,203Prepaid expenses & other current assets287,199
236,552Total current assets1,177,040
1,351,514Other assets:Property, plant and equipment, net235,709
177,825Intangible assets, net3,016,741
3,302,386Goodwill1,028,550
1,060,644Other non-current assets193,949
161,745TOTAL ASSETS$ 5,651,989$ 6,054,114LIABILITIESCurrent liabilities:Accounts payable$ 98,525
$ 168,477Accrued expenses & other current liabilities755,006
724,848Current portion of long-term debt269,911
208,960Total current liabilities1,123,442
1,102,285Other liabilities:Long-term d
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