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BUSINESS COMBINATIONS (Details)
1 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 3 Months Ended
Mar. 31, 2011
USD ($)
Jun. 30, 2011
USD ($)
Jun. 30, 2010
USD ($)
Jun. 30, 2011
USD ($)
Jun. 30, 2010
USD ($)
Sep. 30, 2010
Valeant Pharmaceuticals International ("Valeant")
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of Acquisition Date (as previously reported)
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of Acquisition Date (as previously reported)
Product brands
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of Acquisition Date (as previously reported)
Corporate brands
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of Acquisition Date (as previously reported)
Product rights
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of Acquisition Date (as previously reported)
Out-licensed technology and other
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of Acquisition Date (as previously reported)
Ezogabine/retigabine
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of Acquisition Date (as previously reported)
Dermatology products
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of Acquisition Date (as previously reported)
Other
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Measurement Period Adjustments
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Measurement Period Adjustments
Product brands
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Measurement Period Adjustments
Corporate brands
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Measurement Period Adjustments
Product rights
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Measurement Period Adjustments
Out-licensed technology and other
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Measurement Period Adjustments
Dermatology products
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Measurement Period Adjustments
Other
USD ($)
Jun. 30, 2011
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of June 30, 2011 (as adjusted)
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of June 30, 2011 (as adjusted)
Product brands
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of June 30, 2011 (as adjusted)
Corporate brands
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of June 30, 2011 (as adjusted)
Product rights
USD ($)
Sep. 28, 2010
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of June 30, 2011 (as adjusted)
Out-licensed technology and other
USD ($)
Jun. 30, 2011
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of June 30, 2011 (as adjusted)
Ezogabine/retigabine
USD ($)
Jun. 30, 2011
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of June 30, 2011 (as adjusted)
Dermatology products
USD ($)
Jun. 30, 2011
Valeant Pharmaceuticals International ("Valeant")
Amounts Recognized as of June 30, 2011 (as adjusted)
Other
USD ($)
Sep. 30, 2010
Valeant Pharmaceuticals International ("Valeant")
Product brands
Sep. 30, 2010
Valeant Pharmaceuticals International ("Valeant")
Corporate brands
Sep. 30, 2010
Valeant Pharmaceuticals International ("Valeant")
Product rights
Sep. 30, 2010
Valeant Pharmaceuticals International ("Valeant")
Out-licensed technology and other
Jun. 30, 2011
Valeant Pharmaceuticals International ("Valeant")
Meda Pharma SARL ("Meda")
USD ($)
Jun. 29, 2011
Valeant Pharmaceuticals International ("Valeant")
Meda Pharma SARL ("Meda")
USD ($)
Mar. 31, 2011
PharmaSwiss S.A.
USD ($)
Jun. 30, 2011
PharmaSwiss S.A.
USD ($)
Jun. 30, 2011
PharmaSwiss S.A.
Mar. 10, 2011
PharmaSwiss S.A.
USD ($)
Mar. 10, 2011
PharmaSwiss S.A.
EUR (€)
Mar. 10, 2010
PharmaSwiss S.A.
USD ($)
Mar. 31, 2011
PharmaSwiss S.A.
Amounts Recognized as of Acquisition Date (as previously reported)
USD ($)
Mar. 10, 2010
PharmaSwiss S.A.
Amounts Recognized as of Acquisition Date (as previously reported)
Product brands
USD ($)
Mar. 10, 2010
PharmaSwiss S.A.
Amounts Recognized as of Acquisition Date (as previously reported)
Partner relationships
USD ($)
Mar. 31, 2011
PharmaSwiss S.A.
Measurement Period Adjustments
USD ($)
Mar. 10, 2010
PharmaSwiss S.A.
Measurement Period Adjustments
Product brands
USD ($)
Jun. 30, 2011
PharmaSwiss S.A.
Amounts Recognized as of June 30, 2011 (as adjusted)
USD ($)
Mar. 31, 2011
PharmaSwiss S.A.
Product brands
Mar. 10, 2010
PharmaSwiss S.A.
Product brands
USD ($)
Mar. 31, 2011
PharmaSwiss S.A.
Partner relationships
Mar. 10, 2010
PharmaSwiss S.A.
Partner relationships
USD ($)
Mar. 31, 2011
PharmaSwiss S.A.
Foreign currency forward-exchange contracts
USD ($)
Mar. 31, 2011
PharmaSwiss S.A.
Foreign currency forward-exchange contracts
EUR (€)
Feb. 28, 2011
PharmaSwiss S.A.
Foreign currency forward-exchange contracts
EUR (€)
Jun. 30, 2011
Other,
Other
USD ($)
Jun. 30, 2011
Elidel and Xerese
USD ($)
Jun. 30, 2011
Ganehill Pty Limited ("Ganehill")
USD ($)
Business Combinations                                                                                                                    
Right to receive converted common shares ratio           1.7809                                                                                                        
Fair value of consideration transferred as of merger date             $ 3,900,000,000                                                                                                      
Period after which company expects to finalize recognized amounts                                                                         1                                          
Assets acquired and liabilities assumed                                                                                                                    
Cash and cash equivalents               348,637,000                             348,637,000                                       43,940,000         43,940,000                    
Accounts receivable               194,930,000                             194,930,000                                       63,509,000     (1,880,000)   61,629,000                    
Inventories               208,874,000                             208,874,000                                       72,144,000     (1,410,000)   70,734,000                    
Other current assets               30,869,000                             30,869,000                                       14,429,000         14,429,000                    
Property, plant and equipment               184,757,000                             184,757,000                                       9,737,000         9,737,000                    
Identifiable intangible assets, excluding acquired IPR&D               3,844,310,000 3,114,689,000 168,602,000 360,970,000 200,049,000       (224,939,000) (190,779,000) 98,000 (52,949,000) 18,691,000     3,619,371,000 2,923,910,000 168,700,000 308,021,000 218,740,000                               202,071,000 71,888,000 130,183,000 7,169,000 7,169,000 209,240,000   79,057,000   130,183,000       6,400,000 406,400,000 12,700,000
Acquired IPR&D               1,404,956,000         891,461,000 431,323,000 82,172,000 (4,195,000)         (3,100,000) (1,095,000) 1,400,761,000         891,461,000 428,223,000 81,077,000                                                     33,500,000  
Other non-current assets               6,108,000                             6,108,000                                       3,122,000         3,122,000                    
Current liabilities               (385,574,000)               874,000             (384,700,000)                                       (46,866,000)         (46,866,000)                    
Long-term debt, including current portion               (2,913,614,000)                             (2,913,614,000)                                                                      
Deferred income taxes, net               (1,467,791,000)               157,816,000             (1,309,975,000)                                       (18,176,000)     (518,000)   (18,694,000)                 (2,200,000)  
Other non-current liabilities               (149,307,000)               (46,022,000)             (195,329,000)                                       (720,000)         (720,000)                    
Total identifiable net assets               1,307,155,000               (116,466,000)             1,190,689,000                                       343,190,000     3,361,000   346,551,000                    
Equity component of convertible debt               (225,971,000)                             (225,971,000)                                                                      
Call option agreements               (28,000,000)                             (28,000,000)                                                                      
Goodwill               2,878,856,000               116,466,000             2,995,322,000                                       171,105,000     1,052,000   172,157,000                   5,400,000
Total fair value of consideration transferred               3,932,040,000                             3,932,040,000                                       514,295,000     4,413,000   518,708,000                   19,400,000
Estimated weighted-average useful life (in years)           15                                                 16 20 9 7 8   7                       9   7              
Fair value of trade accounts receivable acquired                                                                                   61,600,000                                
Gross contractual amount of trade accounts receivable acquired                                                                                   66,800,000                                
Expected uncollectible of trade accounts receivable acquired                                                                                   5,200,000                                
Estimated fair value of inventory                                                                                   18,200,000                                
Cash paid                                                                               491,200,000 353,100,000                                  
Maximum contingent payment                                                                               41,700,000 30,000,000                                  
Fair value of contingent payments                                                                               27,500,000                                    
Notional amount of foreign currency forward-exchange contract purchased                                                                                                             130,000,000      
Gain on settlement of foreign currency forward-exchange contract                                                                                                         5,100,000          
Foreign exchange loss recognized on amount bought to finance business acquisition                                                                                                         2,400,000          
Remaining foreign currency consideration used to finance transaction of business combination                                                                                                           220,000,000        
Net foreign exchange gain recognized in earnings   847,000 667,000 3,654,000 44,000                                                                                               2,700,000          
Number of areas of operation                                                                             7                                      
Number of countries in which entity operates                                                                           19 19                                      
Acquisition-related costs   1,869,000 7,577,000 3,376,000 7,577,000                                                           600,000   1,400,000                                          
Revenues of acquiree since acquisition date                                                                           81,600,000                                        
Earnings of acquiree since acquisition date                                                                           10,800,000                                        
Upfront payment                                                                       76,000,000                                            
Series of potential milestones to be paid                                                                     16,000,000                                              
Series of potential royalties to be paid                                                                     120,000,000                                              
Amount of minimum royalty to be paid                                                                     120,000,000                                              
Fair value of upfront and contingent consideration                                                                       437,700,000                                            
Pro forma of consolidated results of operations                                                                                                                    
Revenues   609,387,000 546,421,000 1,217,485,000 1,051,535,000                                                                                                          
Net income (loss)   71,410,000 (6,464,000) 98,757,000 (49,490,000)                                                                                                          
Basic earnings (loss) per share (in dollars per share)   $ 0.24 $ (0.02) $ 0.33 $ (0.17)                                                                                                          
Diluted earnings (loss) per share (in dollars per share)   $ 0.22 $ (0.02) $ 0.30 $ (0.17)                                                                                                          
Pro forma acquisition-related costs 1,400,000                                                                                                                  
Pro forma acquisition accounting adjustment on inventory sold subsequent to acquisition date   $ 15,300,000   $ 18,800,000