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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Product sales $ 1,423.2us-gaap_SalesRevenueGoodsNet $ 1,308.1us-gaap_SalesRevenueGoodsNet
Royalties 62.8us-gaap_RoyaltyRevenue 32.3us-gaap_RoyaltyRevenue
Other revenues 2.4us-gaap_OtherSalesRevenueNet 6.4us-gaap_OtherSalesRevenueNet
Total revenues 1,488.4us-gaap_Revenues 1,346.8us-gaap_Revenues
Costs and expenses:    
Cost of product sales 227.8us-gaap_CostOfGoodsSold 229.5us-gaap_CostOfGoodsSold
Research and development 193.7us-gaap_ResearchAndDevelopmentExpense [1] 360.5us-gaap_ResearchAndDevelopmentExpense [1]
Selling, general and administrative 506.6us-gaap_SellingGeneralAndAdministrativeExpense [1] 430.3us-gaap_SellingGeneralAndAdministrativeExpense [1]
Gain on sale of product rights (5.2)shpgf_GainLossOnDispositionOfProductRights (36.4)shpgf_GainLossOnDispositionOfProductRights
Reorganization costs 15.2us-gaap_RestructuringCharges 49.4us-gaap_RestructuringCharges
Integration and acquisition costs 75.7us-gaap_BusinessCombinationAcquisitionRelatedCosts 6.6us-gaap_BusinessCombinationAcquisitionRelatedCosts
Total operating expenses 1,013.8us-gaap_OperatingExpenses 1,039.9us-gaap_OperatingExpenses
Operating income from continuing operations 474.6us-gaap_OperatingIncomeLoss 306.9us-gaap_OperatingIncomeLoss
Interest income 2.0us-gaap_InterestIncomeDepositsWithFinancialInstitutions 0.5us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Interest expense (9.6)us-gaap_InterestExpense (7.8)us-gaap_InterestExpense
Other income, net 4.3us-gaap_OtherNonoperatingIncomeExpense 4.7us-gaap_OtherNonoperatingIncomeExpense
Total other expense, net (3.3)us-gaap_NonoperatingIncomeExpense (2.6)us-gaap_NonoperatingIncomeExpense
Income from continuing operations before income taxes and equity in losses of equity method investees 471.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 304.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes (57.4)us-gaap_IncomeTaxExpenseBenefit (50.6)us-gaap_IncomeTaxExpenseBenefit
Equity in losses of equity method investees, net of taxes (1.0)us-gaap_IncomeLossFromEquityMethodInvestments (0.6)us-gaap_IncomeLossFromEquityMethodInvestments
Income from continuing operations, net of taxes 412.9us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 253.1us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Loss from discontinued operations, net of taxes (2.5)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (22.7)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income $ 410.4us-gaap_NetIncomeLoss $ 230.4us-gaap_NetIncomeLoss
Earnings from continuing operations (in USD per share) $ 0.701us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.433us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations (in USD per share) $ (0.004)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.039)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Earnings per ordinary share - basic (in USD per share) $ 0.697us-gaap_EarningsPerShareBasic $ 0.394us-gaap_EarningsPerShareBasic
Earnings from continuing operations (in USD per share) $ 0.697us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.430us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations (in USD per share) $ (0.004)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.039)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Earnings per ordinary share - diluted (in USD per share) $ 0.693us-gaap_EarningsPerShareDiluted $ 0.391us-gaap_EarningsPerShareDiluted
Weighted average number of shares:    
Basic (in shares) 589.1us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [2] 584.3us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [2]
Diluted (in shares) 592.7us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 588.8us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Research and development (“R&D”) includes intangible asset impairment charges of $nil for the three months to March 31, 2015 (2014: $166.0 million). Selling, general and administrative (“SG&A”) costs include amortization of intangible assets relating to intellectual property rights acquired of $88.3 million for the three months to March 31, 2015 (2014: $57.8 million).
[2] Excludes shares purchased by the EBT and presented by Shire as treasury stock