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CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Product sales $ 9,536,000,000 $ 10,292,000,000 $ 8,046,000,000
Other revenues 138,000,000 155,000,000 160,000,000
Total revenues 9,674,000,000 10,447,000,000 8,206,000,000
Expenses      
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below) 2,572,000,000 2,532,000,000 2,178,000,000
Cost of other revenues 39,000,000 53,000,000 58,000,000
Selling, general and administrative 2,810,000,000 2,700,000,000 2,026,000,000
Research and development 421,000,000 334,000,000 246,000,000
Amortization of intangible assets 2,673,000,000 2,257,000,000 1,427,000,000
Goodwill impairments 1,077,000,000 0 0
Asset impairments 422,000,000 304,000,000 145,000,000
Restructuring and integration costs 132,000,000 362,000,000 382,000,000
Acquired in-process research and development costs 34,000,000 106,000,000 20,000,000
Acquisition-related contingent consideration (13,000,000) (23,000,000) (14,000,000)
Other expense (income) (Note 16) 73,000,000 295,000,000 (263,000,000)
Total expenses 10,240,000,000 8,920,000,000 6,205,000,000
Operating (loss) income (566,000,000) 1,527,000,000 2,001,000,000
Interest income 8,000,000 4,000,000 5,000,000
Interest expense (1,836,000,000) (1,563,000,000) (971,000,000)
Loss on extinguishment of debt 0 (20,000,000) (130,000,000)
Foreign exchange loss and other (41,000,000) (103,000,000) (144,000,000)
Gain on investments, net (Note 23) 0 0 293,000,000
(Loss) income before (recovery of) provision for income taxes (2,435,000,000) (155,000,000) 1,054,000,000
(Recovery of) provision for income taxes (27,000,000) 133,000,000 174,000,000
Net (loss) income (2,408,000,000) (288,000,000) 880,000,000
Less: Net income (loss) attributable to noncontrolling interest 1,000,000 4,000,000 (1,000,000)
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc. $ (2,409,000,000) $ (292,000,000) $ 881,000,000
(Loss) earnings per share attributable to Valeant Pharmaceuticals International, Inc.      
Basic (in dollars per share) $ (6.94) $ (0.85) $ 2.63
Diluted (in dollars per share) $ (6.94) $ (0.85) $ 2.58
Weighted-average common shares      
Basic (in shares) 347.3 342.7 335.4
Diluted (in shares) 347.3 342.7 341.5