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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Product sales $ 1,994.1 $ 1,063.5 $ 3,845.2 $ 2,102.4
Other revenues 47.0 32.2 82.1 61.7
Total revenues 2,041.1 1,095.7 3,927.3 2,164.1
Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below) 569.6 283.2 1,073.7 568.1
Cost of other revenues 16.0 14.5 30.3 29.9
Selling, general and administrative 515.7 257.3 997.7 499.2
Research and development 66.5 24.5 127.8 48.3
Amortization and impairments of finite-lived intangible assets (see Note 8) 365.6 303.6 720.8 629.8
Restructuring, integration and other costs 142.1 53.6 275.7 102.6
In-process research and development impairments and other charges 8.4 4.8 20.4 4.8
Acquisition-related costs 0.6 7.9 2.1 15.8
Acquisition-related contingent consideration 1.9 3.7 10.8 1.5
Other (income) expense (0.4) 1.1 (43.7) 5.6
Total expenses 1,686.0 954.2 3,215.6 1,905.6
Operating income 355.1 141.5 711.7 258.5
Interest income 1.2 1.0 3.0 2.6
Interest expense (241.2) (176.8) (487.7) (332.1)
Loss on extinguishment of debt 0 0 (93.7) (21.4)
Foreign exchange and other 3.4 (10.0) (10.0) (8.6)
Gain on investments, net 2.5 3.9 2.5 5.8
Income (loss) before (recovery of) provision for income taxes 121.0 (40.4) 125.8 (95.2)
(Recovery of) provision for income taxes (1.0) (51.2) 24.1 (78.5)
Net income (loss) 122.0 10.8 101.7 (16.7)
Less: Net loss attributable to noncontrolling interest (3.8) 0 (1.5) 0
Net income (loss) attributable to Valeant Pharmaceuticals International, Inc. $ 125.8 $ 10.8 $ 103.2 $ (16.7)
Earnings (loss) per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in dollars per share) $ 0.38 $ 0.04 $ 0.31 $ (0.05)
Diluted (in dollars per share) $ 0.37 $ 0.03 $ 0.30 $ (0.05)
Weighted-average common shares        
Basic (in shares) 335.3 308.1 335.1 307.7
Diluted (in shares) 341.3 314.4 341.4 307.7