Ireland | 001-35803 | 98-1088325 |
(State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Exhibit No. | Exhibit | ||
99.1 | Combined Financial Information (Unaudited): | ||
Combined Statements of Income for the Pharmaceuticals Business of Covidien plc for the six months ended March 29, 2013 and for the quarters ended March 29, 2013 and December 28, 2012 (Unaudited) | |||
Combined Statements of Income for the Pharmaceuticals Business of Covidien plc for the fiscal year ended September 28, 2012 and for the quarters ended September 28, 2012, June 29, 2012, March 30, 2012 and December 30, 2011 (Unaudited) | |||
Adjusted EBITDA Reconciliations for the Pharmaceuticals Business of Covidien plc for the six months ended March 29, 2013 and for the quarters ended March 29, 2013 and December 28, 2012 (Unaudited) | |||
Adjusted EBITDA Reconciliations for the Pharmaceuticals Business of Covidien plc for the fiscal year ended September 28, 2012 and for the quarters ended September 28, 2012, June 29, 2012, March 30, 2012 and December 30, 2011 (Unaudited) |
MALLINCKRODT PUBLIC LIMITED COMPANY | ||||
Date: | June 21, 2013 | By: | /s/ Matthew Harbaugh | |
Matthew Harbaugh | ||||
Director |
Exhibit No. | Exhibit | ||
99.1 | Combined Financial Information (Unaudited): | ||
Combined Statements of Income for the Pharmaceuticals Business of Covidien plc for the six months ended March 29, 2013 and for the quarters ended March 29, 2013 and December 28, 2012 (Unaudited) | |||
Combined Statements of Income for the Pharmaceuticals Business of Covidien plc for the fiscal year ended September 28, 2012 and for the quarters ended September 28, 2012, June 29, 2012, March 30, 2012 and December 30, 2011 (Unaudited) | |||
Adjusted EBITDA Reconciliations for the Pharmaceuticals Business of Covidien plc for the six months ended March 29, 2013 and for the quarters ended March 29, 2013 and December 28, 2012 (Unaudited) | |||
Adjusted EBITDA Reconciliations for the Pharmaceuticals Business of Covidien plc for the fiscal year ended September 28, 2012 and for the quarters ended September 28, 2012, June 29, 2012, March 30, 2012 and December 30, 2011 (Unaudited) |
Exhibit 99.1 | ||||||||||||
THE PHARMACEUTICALS BUSINESS OF COVIDIEN PLC | ||||||||||||
COMBINED STATEMENTS OF INCOME (Unaudited) | ||||||||||||
(dollars in millions) | ||||||||||||
Six Months Ended | Quarter Ended | |||||||||||
March 29, 2013 | March 29, 2013 | December 28, 2012 | ||||||||||
Net sales | $ | 1,089.3 | $ | 585.3 | $ | 504.0 | ||||||
Cost of sales | 582.3 | 311.8 | 270.5 | |||||||||
Gross profit | 507.0 | 273.5 | 233.5 | |||||||||
Selling, general and administrative expenses | 307.5 | 160.7 | 146.8 | |||||||||
Research and development expenses | 77.6 | 39.2 | 38.4 | |||||||||
Separation costs | 26.4 | 14.4 | 12.0 | |||||||||
Restructuring charges, net | 6.6 | 6.4 | 0.2 | |||||||||
Gain on divestiture | (1.4 | ) | (0.7 | ) | (0.7 | ) | ||||||
Operating income | 90.3 | 53.5 | 36.8 | |||||||||
Other income, net | 0.2 | — | 0.2 | |||||||||
Interest expense | (0.2 | ) | (0.1 | ) | (0.1 | ) | ||||||
Interest income | 0.1 | 0.1 | — | |||||||||
Income from continuing operations before income taxes | 90.4 | 53.5 | 36.9 | |||||||||
Provision for income taxes | 36.1 | 19.0 | 17.1 | |||||||||
Income from continuing operations | 54.3 | 34.5 | 19.8 | |||||||||
Loss from discontinued operations, net of income taxes | (1.1 | ) | (0.5 | ) | (0.6 | ) | ||||||
Net income | $ | 53.2 | $ | 34.0 | $ | 19.2 |
THE PHARMACEUTICALS BUSINESS OF COVIDIEN PLC | ||||||||||||||||||||
COMBINED STATEMENTS OF INCOME (Unaudited) | ||||||||||||||||||||
(dollars in millions) | ||||||||||||||||||||
Fiscal Year Ended | Quarter Ended | |||||||||||||||||||
September 28, 2012 | September 28, 2012 | June 29, 2012 | March 30, 2012 | December 30, 2011 | ||||||||||||||||
Net sales | $ | 2,056.2 | $ | 513.1 | $ | 516.3 | $ | 523.1 | $ | 503.7 | ||||||||||
Cost of sales | 1,091.4 | 279.8 | 273.1 | 269.6 | 268.9 | |||||||||||||||
Gross profit | 964.8 | 233.3 | 243.2 | 253.5 | 234.8 | |||||||||||||||
Selling, general and administrative expenses | 551.7 | 140.4 | 137.2 | 144.0 | 130.1 | |||||||||||||||
Research and development expenses | 144.1 | 36.6 | 35.2 | 35.2 | 37.1 | |||||||||||||||
Separation costs | 25.5 | 8.1 | 7.2 | 6.2 | 4.0 | |||||||||||||||
Restructuring charges, net | 11.2 | 0.7 | 5.0 | 1.8 | 3.7 | |||||||||||||||
Gain on divestiture | (2.9 | ) | (0.7 | ) | (0.8 | ) | (0.7 | ) | (0.7 | ) | ||||||||||
Operating income | 235.2 | 48.2 | 59.4 | 67.0 | 60.6 | |||||||||||||||
Other income, net | 1.0 | 0.2 | 0.1 | 0.2 | 0.5 | |||||||||||||||
Interest expense | (0.5 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) | (0.2 | ) | ||||||||||
Interest income | 0.4 | — | 0.1 | — | 0.3 | |||||||||||||||
Income from continuing operations before income taxes | 236.1 | 48.3 | 59.5 | 67.1 | 61.2 | |||||||||||||||
Provision for income taxes | 94.8 | 21.0 | 24.4 | 24.8 | 24.6 | |||||||||||||||
Income from continuing operations | 141.3 | 27.3 | 35.1 | 42.3 | 36.6 | |||||||||||||||
Loss from discontinued operations, net of income taxes | (6.7 | ) | (1.1 | ) | (1.9 | ) | (3.4 | ) | (0.3 | ) | ||||||||||
Net income | $ | 134.6 | $ | 26.2 | $ | 33.2 | $ | 38.9 | $ | 36.3 |
THE PHARMACEUTICALS BUSINESS OF COVIDIEN PLC | ||||||||||||
ADJUSTED EBITDA RECONCILIATIONS (Unaudited) | ||||||||||||
(dollars in millions) | ||||||||||||
Six Months Ended | Quarter Ended | |||||||||||
March 29, 2013 | March 29, 2013 | December 28, 2012 | ||||||||||
Net income | $ | 53.2 | $ | 34.0 | $ | 19.2 | ||||||
Adjustments: | ||||||||||||
Interest expense, net | 0.1 | — | 0.1 | |||||||||
Provision for income taxes | 36.1 | 19.0 | 17.1 | |||||||||
Depreciation expense (1) | 49.2 | 24.4 | 24.8 | |||||||||
Amortization expense | 17.7 | 8.8 | 8.9 | |||||||||
Loss from discontinued operations, net of income taxes | 1.1 | 0.5 | 0.6 | |||||||||
Other income, net | (0.2 | ) | — | (0.2 | ) | |||||||
Restructuring charges, net | 6.6 | 6.4 | 0.2 | |||||||||
Separation costs | 26.4 | 14.4 | 12.0 | |||||||||
Adjusted EBITDA | $ | 190.2 | $ | 107.5 | $ | 82.7 |
THE PHARMACEUTICALS BUSINESS OF COVIDIEN PLC | ||||||||||||||||||||
ADJUSTED EBITDA RECONCILIATIONS (Unaudited) | ||||||||||||||||||||
(dollars in millions) | ||||||||||||||||||||
Fiscal Year Ended | Quarter Ended | |||||||||||||||||||
September 28, 2012 | September 28, 2012 | June 29, 2012 | March 30, 2012 | December 30, 2011 | ||||||||||||||||
Net income | $ | 134.6 | $ | 26.2 | $ | 33.2 | $ | 38.9 | $ | 36.3 | ||||||||||
Adjustments: | ||||||||||||||||||||
Interest expense (income), net | 0.1 | 0.1 | — | 0.1 | (0.1 | ) | ||||||||||||||
Provision for income taxes | 94.8 | 21.0 | 24.4 | 24.8 | 24.6 | |||||||||||||||
Depreciation expense (1) | 103.6 | 26.5 | 25.4 | 26.8 | 24.9 | |||||||||||||||
Amortization expense | 27.3 | 7.0 | 6.8 | 6.7 | 6.8 | |||||||||||||||
Loss from discontinued operations, net of income taxes | 6.7 | 1.1 | 1.9 | 3.4 | 0.3 | |||||||||||||||
Other income, net | (1.0 | ) | (0.2 | ) | (0.1 | ) | (0.2 | ) | (0.5 | ) | ||||||||||
Restructuring charges, net | 11.2 | 0.7 | 5.0 | 1.8 | 3.7 | |||||||||||||||
Separation costs | 25.5 | 8.1 | 7.2 | 6.2 | 4.0 | |||||||||||||||
Adjusted EBITDA | $ | 402.8 | $ | 90.5 | $ | 103.8 | $ | 108.5 | $ | 100.0 |