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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows From Operating Activities      
Net income (loss) $ 159,559 $ (208,193) $ 176,455
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 612,603 254,504 149,260
Amortization of deferred revenue (19,101) (19,101) (21,201)
Amortization and write-down of discounts on long-term debt 8,491 11,169 5,986
Amortization and write-down of deferred financing costs 18,612 10,303 3,620
Acquired in-process research and development 109,200 89,245 59,354
Acquisition accounting adjustment on inventory sold 59,256 53,266  
Acquisition-related contingent consideration (10,986)    
Allowances for losses on accounts receivable and inventories 5,519 6,887 8,674
Deferred income taxes (222,959) (55,403) (16,000)
Non-cash cost of alliance revenue 30,686    
Additions to accrued legal settlements 11,841 52,610 6,191
Payments of accrued legal settlements (26,541) (44,450) (30,806)
Share-based compensation 94,023 98,033 5,613
Tax benefits from stock options exercised (26,533)    
(Gain) loss on disposal of assets and other charges (21,316) 11,603 24,133
Payment of accreted interest on repurchase of convertible debt (9,753) (4,934)  
Loss on extinguishment of debt 36,844 30,716  
Other 4,147 (1,200) (177)
Changes in operating assets and liabilities:      
Accounts receivable (164,581) 25,187 (26,998)
Inventories (11,521) 7,463 (33,582)
Prepaid expenses and other current assets (3,084) 7,394 (796)
Accounts payable (8,980) (76,100) 30,771
Accrued liabilities 70,175 26,732 32,780
Income taxes payable (15,497) (9,723) 726
Deferred revenue (3,631) (2,817) (13,106)
Net cash provided by operating activities 676,473 263,191 360,897
Cash Flows From Investing Activities      
Acquisition of businesses, net of cash acquired (2,464,108) 308,982  
Acquisitions of intangible assets (327,437) (84,532) (761,829)
Purchases of property, plant and equipment (58,515) (16,823) (7,423)
Proceeds from sale of assets   15,046 28,302
Proceeds from sales and maturities of marketable securities 86,639 7,965 1,078
Purchases of marketable securities (81,087)   (3,823)
Other   (1,699) 923
Net cash (used in) provided by investing activities (2,844,508) 228,939 (742,772)
Cash Flows From Financing Activities      
Issuance of long-term debt, net of discount 5,388,799 992,400 350,000
Repayments of long-term debt (2,004,641) (537,500)  
Cash dividends paid   (356,291) (147,146)
Repurchases of convertible debt (613,471) (254,316)  
Repurchases of common shares (639,242) (60,130)  
Proceeds from exercise of stock options 41,738 58,425 866
Tax benefits from stock options exercised 26,533    
Cash settlement of call options (66,863) (37,682)  
Acquisition of noncontrolling interest (52,499)    
Payment of employee withholding tax upon vesting of share-based awards (59,718) (14,485)  
Payments of contingent consideration (31,800)    
Payments of debt issuance costs (40,671) (4,565) (26,274)
Advances under credit facilities     130,000
Repayments under credit facilities     (130,000)
Other   861 (399)
Net cash provided by (used in) financing activities 1,948,165 (213,283) 177,047
Effect of exchange rate changes on cash and cash equivalents (10,288) 959 1,744
Net (decrease) increase in cash and cash equivalents (230,158) 279,806 (203,084)
Cash and cash equivalents, beginning of year 394,269 114,463 317,547
Cash and cash equivalents, end of year 164,111 394,269 114,463
Non-Cash Investing and Financing Activities      
Acquisition of Valeant, equity issued   (3,880,301)  
Acquisition of Valeant, debt assumed   (2,913,614)  
Acquisition of businesses, contingent consideration at fair value (443,481)    
Settlement of convertible debt, equity issued (892,000)    
Long-term debt related to acquisition of business     (26,768)
Cash dividends declared but unpaid     $ (14,246)