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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Product sales $ 2,022.9 $ 1,506.4 $ 5,868.1 $ 3,608.8
Other revenues 33.3 35.3 115.4 97.0
Total revenues 2,056.2 1,541.7 5,983.5 3,705.8
Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below) 545.8 560.8 1,619.5 1,128.9
Cost of other revenues 15.0 14.4 45.3 44.3
Selling, general and administrative 504.1 355.7 1,501.8 854.9
Research and development 59.1 49.0 186.9 97.3
Amortization and impairments of finite-lived intangible assets (see Note 9) 393.1 910.2 1,113.9 1,540.0
Restructuring, integration and other costs 61.7 243.1 337.4 345.7
In-process research and development impairments and other charges 19.9 124.0 40.3 128.8
Acquisition-related costs 1.6 8.6 3.7 24.4
Acquisition-related contingent consideration 4.0 (35.0) 14.8 (33.5)
Other (income) expense (232.0) 202.4 (275.7) 208.0
Total expenses 1,372.3 2,433.2 4,587.9 4,338.8
Operating income (loss) 683.9 (891.5) 1,395.6 (633.0)
Interest income 0.8 2.8 3.8 5.4
Interest expense (258.4) (249.3) (746.1) (581.4)
Loss on extinguishment of debt 0 (8.2) (93.7) (29.6)
Foreign exchange and other (53.0) 5.1 (63.0) (3.5)
Gain on investments, net 3.4 0 5.9 5.8
Income (loss) before provision for (recovery of) income taxes 376.7 (1,141.1) 502.5 (1,236.3)
Provision for (recovery of) income taxes 100.3 (169.2) 124.4 (247.7)
Net income (loss) 276.4 (971.9) 378.1 (988.6)
Less: Net income (loss) attributable to noncontrolling interest 1.0 1.3 (0.5) 1.3
Net income (loss) attributable to Valeant Pharmaceuticals International, Inc. $ 275.4 $ (973.2) $ 378.6 $ (989.9)
Earnings (loss) per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in dollars per share) $ 0.82 $ (2.92) $ 1.13 $ (3.13)
Diluted (in dollars per share) $ 0.81 $ (2.92) $ 1.11 $ (3.13)
Weighted-average common shares        
Basic (in shares) 335.4 333.6 335.2 316.5
Diluted (in shares) 341.3 333.6 341.4 316.5