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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues      
Product sales $ 8,103.6us-gaap_SalesRevenueGoodsNet $ 5,640.3us-gaap_SalesRevenueGoodsNet $ 3,288.6us-gaap_SalesRevenueGoodsNet
Other revenues 159.9us-gaap_RoyaltyRevenue 129.3us-gaap_RoyaltyRevenue 191.8us-gaap_RoyaltyRevenue
Total revenues 8,263.5us-gaap_Revenues 5,769.6us-gaap_Revenues 3,480.4us-gaap_Revenues
Expenses      
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below) 2,196.2us-gaap_CostOfGoodsSold 1,846.3us-gaap_CostOfGoodsSold 905.1us-gaap_CostOfGoodsSold
Cost of other revenues 58.4us-gaap_CostOfServicesLicensesAndServices 58.8us-gaap_CostOfServicesLicensesAndServices 64.6us-gaap_CostOfServicesLicensesAndServices
Selling, general and administrative 2,026.3us-gaap_SellingGeneralAndAdministrativeExpense 1,305.2us-gaap_SellingGeneralAndAdministrativeExpense 756.1us-gaap_SellingGeneralAndAdministrativeExpense
Research and development 246.0us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost 156.8us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost 79.1us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
Amortization and impairments of finite-lived intangible assets (see Note 10) 1,550.7vrx_AmortizationOfIntangibleAssetsExcludingAmortizationAllocatedToRevenuesCostOfGoodSold 1,902.0vrx_AmortizationOfIntangibleAssetsExcludingAmortizationAllocatedToRevenuesCostOfGoodSold 928.9vrx_AmortizationOfIntangibleAssetsExcludingAmortizationAllocatedToRevenuesCostOfGoodSold
Restructuring, integration and other costs 381.7us-gaap_RestructuringCharges 462.0us-gaap_RestructuringCharges 267.1us-gaap_RestructuringCharges
In-process research and development impairments and other charges 41.0vrx_ResearchandDevelopmentInProcessAndOtherCharges 153.6vrx_ResearchandDevelopmentInProcessAndOtherCharges 189.9vrx_ResearchandDevelopmentInProcessAndOtherCharges
Acquisition-related costs 6.3us-gaap_BusinessCombinationAcquisitionRelatedCosts 36.4us-gaap_BusinessCombinationAcquisitionRelatedCosts 78.6us-gaap_BusinessCombinationAcquisitionRelatedCosts
Acquisition-related contingent consideration (14.1)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1 (29.2)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1 (5.3)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
Other (income) expense (see Notes 3, 4, and 20) (268.7)us-gaap_OtherOperatingIncomeExpenseNet 287.2us-gaap_OtherOperatingIncomeExpenseNet 136.6us-gaap_OtherOperatingIncomeExpenseNet
Total expenses 6,223.8us-gaap_CostsAndExpenses 6,179.1us-gaap_CostsAndExpenses 3,400.7us-gaap_CostsAndExpenses
Operating income (loss) 2,039.7us-gaap_OperatingIncomeLoss (409.5)us-gaap_OperatingIncomeLoss 79.7us-gaap_OperatingIncomeLoss
Interest income 5.0us-gaap_InvestmentIncomeInterest 8.0us-gaap_InvestmentIncomeInterest 6.0us-gaap_InvestmentIncomeInterest
Interest expense (971.0)us-gaap_InterestAndDebtExpense (844.3)us-gaap_InterestAndDebtExpense (481.6)us-gaap_InterestAndDebtExpense
Loss on extinguishment of debt (129.6)us-gaap_GainsLossesOnExtinguishmentOfDebt (65.0)us-gaap_GainsLossesOnExtinguishmentOfDebt (20.1)us-gaap_GainsLossesOnExtinguishmentOfDebt
Foreign exchange and other (144.1)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (9.4)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 19.7us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Gain on investments, net (see Note 23) 292.6us-gaap_GainLossOnInvestments 5.8us-gaap_GainLossOnInvestments 2.1us-gaap_GainLossOnInvestments
Income (loss) before provision for (recovery of) income taxes 1,092.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (1,314.4)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (394.2)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for (recovery of) income taxes 180.4us-gaap_IncomeTaxExpenseBenefit (450.8)us-gaap_IncomeTaxExpenseBenefit (278.2)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) 912.2us-gaap_ProfitLoss (863.6)us-gaap_ProfitLoss (116.0)us-gaap_ProfitLoss
Less: Net (loss) income attributable to noncontrolling interest (1.3)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 2.5us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income (loss) attributable to Valeant Pharmaceuticals International, Inc. $ 913.5us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (866.1)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (116.0)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings (loss) per share attributable to Valeant Pharmaceuticals International, Inc.:      
Basic (in dollars per share) $ 2.72us-gaap_EarningsPerShareBasic $ (2.70)us-gaap_EarningsPerShareBasic $ (0.38)us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 2.67us-gaap_EarningsPerShareDiluted $ (2.70)us-gaap_EarningsPerShareDiluted $ (0.38)us-gaap_EarningsPerShareDiluted
Weighted-average common shares (in millions)      
Basic (in shares) 335.4us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 321.0us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 305.4us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 341.5us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 321.0us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 305.4us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding