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CONSOLIDATED STATEMENTS OF (LOSS) INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Product sales $ 1,506,421 $ 852,747 $ 3,608,801 $ 2,346,599
Alliance and royalty 16,471 12,248 39,651 148,348
Service and other 18,839 19,145 57,396 65,386
Total revenues 1,541,731 884,140 3,705,848 2,560,333
Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below) 560,855 216,494 1,128,942 633,618
Cost of alliance and service revenues 14,353 13,758 44,241 118,237
Selling, general and administrative 355,637 188,660 854,909 551,386
Research and development 49,009 19,170 97,273 58,887
Amortization and impairments of finite-lived intangible assets (see Note 10) 910,248 218,187 1,540,021 629,400
Restructuring, integration and other costs 295,890 42,872 398,540 135,213
In-process research and development impairments and other charges 123,981 145,300 128,811 149,868
Acquisition-related costs 8,650 4,605 24,428 25,977
Legal settlements and related fees 149,601 0 155,173 56,779
Acquisition-related contingent consideration (34,995) 5,630 (33,511) 23,198
Total expenses 2,433,229 854,676 4,338,827 2,382,563
Operating (loss) income (891,498) 29,464 (632,979) 177,770
Interest income 2,686 1,156 5,336 3,299
Interest expense (249,306) (116,042) (581,414) (318,681)
Loss on extinguishment of debt (8,161) (2,322) (29,540) (2,455)
Foreign exchange and other 5,079 (1,603) (3,564) 18,458
Gain on investments, net 0 0 5,822 2,024
Loss before recovery of income taxes (1,141,200) (89,347) (1,236,339) (119,585)
Recovery of income taxes (169,225) (96,992) (247,700) (92,702)
Net (loss) income (971,975) 7,645 (988,639) (26,883)
Less: Net income attributable to noncontrolling interest 1,268 0 1,268 0
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc. $ (973,243) $ 7,645 $ (989,907) $ (26,883)
(Loss) earnings per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (loss) earnings per share (dollars per share) $ (2.92) $ 0.03 $ (3.13) $ (0.09)
Diluted (loss) earnings per share (dollars per share) $ (2.92) $ 0.02 $ (3.13) $ (0.09)
Weighted-average common shares (000s)        
Basic (in shares) 333,643 304,075 316,462 305,550
Diluted (in shares) 333,643 311,743 316,462 305,550