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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities:  
Net income (loss)$ 67,595$ 99,447
Loss from discontinued operations, net of income tax benefit16,55115,005
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization21,68820,575
Defined Benefit Plan Amortization Of Prior Service Cost Credit1,5990
Adjustment to impairment of available-for-sale investments0260
Gain on sale of available-for-sale investments, net(105)910
Unrealized gain on supplemental executive retirement plan investments(47)0
Share-based compensation expense20,44513,003
Deferred income tax benefit(1,821)16,708
Tax expense from exercise of stock options and vesting of restricted stock awards2,265(869)
Excess tax benefits from share-based payment arrangements(3,403)(369)
Increase Decrease Provision For Sales Discounts And Chargebacks9961,221
Accretion (amortization) of premium/(discount) on investments3,7742,833
Impairment of intangible assets2,2592,293
Income from continuing operations84,146114,452
Changes in operating assets and liabilities:  
Accounts receivable(23,407)(49,847)
Inventories4,410(11,055)
Other current assets(5,019)(5,916)
Accounts payable6,3035,063
Reserve for sales returns11,9889,345
Income taxes payable(4,628)(12,656)
Other current liabilities(13,929)916
Other liabilities710(2,879)
Accrued consumer rebate and loyalty programs30,75425,129
Managed care and Medicaid reserves10,0463,510
Net cash provided by operating activities from continuing operations149,024132,627
Net Cash Used In Operating Activities From Discontinued Operations(12,287)(8,332)
Net cash provided by operating activities136,737124,295
Investing Activities:  
Purchase of property and equipment(4,225)(5,272)
Payments for purchase of product rights(12,880)715
Purchase of investments for supplemental executive retirement plan(9,840)0
Purchase of available-for-sale investments(602,765)(315,023)
Sale of available-for-sale investments199,574104,135
Maturity of available-for-sale investments269,83094,475
Net cash provided by (used in) investing activities from continuing operations(160,306)(120,970)
Net cash used in investing activities from discontinued operations0(1,224)
Net cash provided by (used in) investing activities(160,306)(122,194)
Financing Activities  
Payment of dividends(13,568)(9,588)
Payments for the repurchase of common stock(1,775)0
Cash paid in advance under structured share repurchase arrangements(50,000)0
Withholding of common shares for tax obligations on vested restricted stock awards(6,508)(3,426)
Excess tax benefits from share based payment arrangements3,403369
Proceeds from exercise of stock options58,07113,114
Net cash provided by (used in) financing activities(10,377)469
Effect Of Exchange Rate On Cash And Cash Equivalents(369)102
Net increase (decrease) in cash and cash equivalents(34,315)2,672
Cash and cash equivalents at beginning of period218,362207,941
Cash and cash equivalents at end of period$ 184,047$ 210,613