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CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Product sales $ 2,695.0 $ 1,994.1 $ 4,841.9 $ 3,845.2
Other revenues 37.4 47.0 81.4 82.1
Total revenues 2,732.4 2,041.1 4,923.3 3,927.3
Expenses        
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below) 669.9 569.6 1,230.3 1,073.7
Cost of other revenues 15.2 16.0 29.5 30.3
Selling, general and administrative 685.5 515.7 1,259.3 997.7
Research and development 81.1 66.5 136.9 127.8
Amortization and impairments of finite-lived intangible assets 585.4 365.6 950.6 720.8
Restructuring, integration and other costs 143.4 142.1 198.4 275.7
In-process research and development impairments and other charges 12.3 8.4 12.3 20.4
Acquisition-related costs 9.5 0.6 19.3 2.1
Acquisition-related contingent consideration 11.7 1.9 18.8 10.8
Other expense (income) 176.9 (0.4) 183.0 (43.7)
Total expenses 2,390.9 1,686.0 4,038.4 3,215.6
Operating income 341.5 355.1 884.9 711.7
Interest income 0.9 1.2 1.8 3.0
Interest expense (412.7) (241.2) (710.5) (487.7)
Loss on extinguishment of debt 0.0 0.0 (20.0) (93.7)
Foreign exchange and other 5.6 3.4 (65.5) (10.0)
Gain on investments, net 0.0 2.5 0.0 2.5
(Loss) income before (recovery of) provision for income taxes (64.7) 121.0 90.7 125.8
(Recovery of) provision for income taxes (13.1) (1.0) 67.8 24.1
Net (loss) income (51.6) 122.0 22.9 101.7
Less: Net income (loss) attributable to noncontrolling interest 1.4 (3.8) 2.2 (1.5)
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc. $ (53.0) $ 125.8 $ 20.7 $ 103.2
(Loss) earnings per share attributable to Valeant Pharmaceuticals International, Inc.:        
Basic (in usd per share) $ (0.15) $ 0.38 $ 0.06 $ 0.31
Diluted (in usd per share) $ (0.15) $ 0.37 $ 0.06 $ 0.30
Weighted-average common shares (in millions)        
Basic (in shares) 344.4 335.3 340.5 335.1
Diluted (in shares) 344.4 341.3 347.1 341.4