XML 110 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF (LOSS) INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Product sales $ 5,640,333 $ 3,288,592 $ 2,255,050
Alliance and royalty 52,606 105,591 136,473
Service and other 76,666 86,193 35,927
Total revenues 5,769,605 3,480,376 2,427,450
Expenses      
Cost of goods sold (exclusive of amortization of intangible assets shown separately below) 1,846,314 905,095 683,750
Cost of alliance and service revenues 58,806 64,601 12,348
Selling, general and administrative 1,305,164 756,083 572,472
Research and development 156,783 79,052 65,687
Amortization and impairments of finite-lived intangible assets (see Note 12) 1,901,977 928,885 557,814
Restructuring, integration and other costs 514,825 344,387 97,667
In-process research and development impairments and other charges 153,639 189,901 109,200
Acquisition-related costs 36,416 78,604 32,964
Acquisition-related contingent consideration (29,259) (5,266) (10,986)
Other expense 234,442 59,349 6,575
Total expenses 6,179,107 3,400,691 2,127,491
Operating (loss) income (409,502) 79,685 299,959
Interest income 8,023 5,986 4,084
Interest expense (844,316) (481,596) (334,526)
Loss on extinguishment of debt (65,014) (20,080) (36,844)
Foreign exchange and other (9,465) 19,721 26,551
Gain on investments, net 5,822 2,056 22,776
Loss before recovery of income taxes (1,314,452) (394,228) (18,000)
Recovery of income taxes (450,783) (278,203) (177,559)
Net (loss) income (863,669) (116,025) 159,559
Less: Net income attributable to noncontrolling interest 2,473 0 0
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc. $ (866,142) $ (116,025) $ 159,559
(Loss) earnings per share attributable to Valeant Pharmaceuticals International, Inc.:      
Basic (loss) earnings per share (in dollars per share) $ (2.70) $ (0.38) $ 0.52
Diluted (loss) earnings per share (in dollars per share) $ (2.70) $ (0.38) $ 0.49
Weighted-average common shares (000's)      
Basic (in shares) 320,996 305,446 304,655
Diluted (in shares) 320,996 305,446 326,119