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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities    
Net income (loss)$ 40,862$ (207,882)$ 103,704$ (177,063)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization154,93642,338404,214122,619
Amortization of deferred revenue(4,775)(4,775)(14,326)(14,326)
Amortization of discounts on long-term debt1,9172,7126,5048,350
Amortization and write-down of deferred financing costs10,7686,85412,5299,498
Share-based compensation17,58768,28473,03871,836
Tax benefits from stock options exercised(2,042) (33,658) 
Deferred income taxes(38,601)59,500(77,098)64,500
Acquired in-process research and development  4,00061,245
Acquisition-related contingent consideration6,904 9,042 
Allowances for losses on accounts receivable and inventories1,740(636)4,212(390)
Acquisition accounting adjustment on inventory sold2,768 48,939 
Non-cash cost of alliance revenue  30,686 
Payment of accrued legal settlements  (16,400)(5,950)
Additions to accrued legal settlements 38,50040038,500
Loss on extinguishment of debt10,315 33,325 
Payment of accreted interest on repurchase of convertible debt(3,362) (8,363) 
Gain on sale of marketable securities  (21,316) 
Other(7,737)5,059(755)4,930
Changes in operating assets and liabilities:    
Accounts receivable(43,087)17,995(93,832)21,399
Inventories(5,211)2,359(68)(3,451)
Prepaid expenses and other current assets(7,813)(2,164)(2,186)3,072
Accounts payable16,80822,2776,499(8,019)
Accrued liabilities21,39763,45032,32566,450
Income taxes payable920(2,929)(13,673)2,148
Deferred revenue(587)(18)(1,049)(758)
Net cash provided by operating activities173,707110,924486,693264,590
Cash Flows From Investing Activities    
Acquisition of businesses, net of cash acquired(409,056)308,982(969,323)308,982
Acquisition of intangible assets(12,237)(1,000)(323,122)(61,245)
Proceeds from sales and maturities of marketable securities 2,00086,6396,965
Purchases of marketable securities(11,745) (81,087) 
Purchases of property, plant and equipment(9,584)(1,037)(43,563)(7,531)
Proceeds from sale of assets 6,422 14,964
Net cash (used in) provided by investing activities(442,622)315,367(1,330,456)262,135
Cash Flows From Financing Activities    
Issuance of long-term debt  2,139,688 
Repayment of long-term debt(11,088) (986,088)(12,500)
Repurchase of common shares(74,556) (574,120) 
Repurchase of convertible debt(202,587) (541,600) 
Borrowings under credit facilities690,000 790,000 
Cash settlement of written call options(66,864) (66,864) 
Acquisition of noncontrolling interest(28,515) (28,515) 
Payment of employee withholding tax upon vesting of share-based awards(2,477) (57,155) 
Tax benefits from stock options exercised2,042 33,658 
Proceeds from exercise of stock options4,8474,47434,2097,272
Financing costs paid(11,777) (31,590) 
Cash dividends paid (15,064) (43,566)
Net cash provided by (used in) financing activities299,025(10,590)711,623(48,794)
Effect of exchange rate changes on cash and cash equivalents(14,496)387(7,570)260
Net increase (decrease) in cash and cash equivalents15,614416,088(139,710)478,191
Cash and cash equivalents, beginning of period238,945176,566394,269114,463
Cash and cash equivalents, end of period254,559592,654254,559592,654
Non-Cash Investing and Financing Activities    
Acquisition of Valeant, equity issued (3,880,301) (3,880,301)
Acquisition of businesses, contingent consideration at fair value  397,150 
Settlement of convertible debt, equity issued  (892,000) 
Cash dividends declared but unpaid $ (15,078) $ (15,078)