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CEPHALON, INC. AND SUBSIDIARIES
Reconciliation of Projected GAAP Basic Income per Common Share
to Basic Adjusted Income Per Common Share Guidance
(Unaudited)
Twelve Months Twelve Months
Ended Ended
December 31, 2008 December 31, 2009
Projected GAAP basic income per common
share $4.41 - $4.51 $4.95 - $5.05
Amortization of current intangibles $1.48 - $1.48 $1.36 - $1.36
Accelerated depreciation adjustment-
CIMA $0.10 - $0.10 $0.09 - $0.09
Accelerated depreciation adjustment-
Mitry-Mory $0.10 - $0.10 $0.24 - $0.24
Cost of goods sold adjustments $0.38 - $0.38 $- - $-
Research and development adjustments $0.12 - $0.12 $- - $-
Selling, general and administrative
adjustments $0.44 - $0.44 $- - $-
Settlement reserve adjustments $0.11 - $0.11 $- - $-
In-process research and development
adjustment $0.15 - $0.15 $- - $-
Restructuring adjustments $0.12 - $0.12 $0.07 - $0.07
Interest expense adjustment $0.17 - $0.17 $- - $-
Interest expense adjustment for
APB 14-1 $- - $- $0.63 - $0.63
Tax effect of pre-tax adjustments at
the applicable tax rates $(2.38)- $(2.38) $(0.84)- $(0.84)
Basic adjusted income per common share
guidance $5.20 - $5.30 $6.50 - $6.6
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