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Consolidated Statements of Income (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Product sales $ 993.3 $ 764.3 $ 1,882.6 $ 1,482.4
Royalties 63.4 82.7 137.0 178.0
Other revenues 6.2 2.4 15.5 5.1
Total revenues 1,062.9 849.4 2,035.1 1,665.5
Costs and Expenses:        
Cost of product sales 143.7 [1] 119.1 [1] 268.2 221.0
Research and development 176.9 147.0 354.8 278.0
Selling, general and administrative 440.3 [1] 354.4 [1] 843.2 714.3
Loss/(gain) on sale of product rights 2.2 (4.1) 3.5 (4.1)
Reorganization costs 7.5 8.6 13.0 13.6
Integration and acquisition costs 9.0 0 2.6 0.6
Total operating expenses 779.6 625.0 1,485.3 1,223.4
Operating income 283.3 224.4 549.8 442.1
Interest income 0.6 0.5 1.2 0.8
Interest expense (9.9) (8.3) (19.1) (17.3)
Other (expense)/income, net 0 (2.6) 0.3 8.2
Total other expense, net (9.3) (10.4) (17.6) (8.3)
Income before income taxes and equity in earnings of equity method investees 274.0 214.0 532.2 433.8
Income taxes (69.7) (54.5) (117.8) (108.1)
Equity in earnings of equity method investees, net of taxes 1.2 1.0 2.4 0.5
Net income 205.5 160.5 416.8 326.2
Net income attributable to Shire plc 205.5 160.5 416.8 326.2
Earning per ordinary share - basic        
Earnings per ordinary share - basic $ 0.372 $ 0.294 $ 0.757 $ 0.598
Earnings per ordinary share - diluted        
Earnings per ordinary share - diluted $ 0.359 $ 0.286 $ 0.729 $ 0.582
Weighted average number of shares (millions):        
Basic 552.3 546.6 551.1 545.7
Diluted 595.1 590.0 594.8 589.1
Amounts attributable to Shire plc        
Net income attributable to Shire plc $ 205.5 $ 160.5 $ 416.8 $ 326.2
[1] Cost of product sales includes amortization of intangible assets relating to favorable manufacturing contracts of $0.4 million for the three months to June 30, 2011 (2010: $0.4 million) and $0.9 million for the six months to June 30, 2011 (2010: $0.9 million). Selling, general and administrative costs includes amortization for intangible assets relating to intellectual property rights acquired of $36.7 million for the three months to June 30, 2011 (2010: $33.8 million) and $72.7 million for the six months to June 30, 2011 (2010: $68.4 million).