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Actavis Full Year 2012 Net Revenue Increases 29% to $5.91 Billion
Date:2/19/2013

ursement of pharmaceutical products and the settlement of patent litigation; and such other risks and uncertainties detailed in Actavis' periodic public filings with the Securities and Exchange Commission, including but not limited to Actavis' Annual Report on form 10-K for the year ended December 31, 2011 and its Quarterly Report on Form 10-Q for the period ended September 30, 2012 (such periodic public filings having been filed under the "Watson Pharmaceuticals, Inc." name).  Except as expressly required by law, Actavis disclaims any intent or obligation to update these forward-looking statements.

Trademarks noted in this press release are the property of their respective registered owners. CONTACTS: Investors:Lisa DeFrancesco (862) 261-7152Media:Charlie Mayr(862) 261-8030The following table presents Actavis' results of operations for the three and twelve months ended December 31, 2012 and 2011:Table 1Actavis, Inc.Condensed Consolidated Statement of Operations(Unaudited; in millions, except per share amounts)Three Months EndedTwelve Months EndedDecember 31,December 31,2012201120122011Net revenues$
,750.2$
,544.6$
5,914.9$
4,584.4Operating expenses:Cost of sales (excludes amortization, presented below)1,008.0892.73,390.42,564.9Research and development121.167.2401.8295.4Selling, general and administrative424.3213.01,171.3754.9Amortization148.2151.3481.1354.3Loss on asset sales and impairments, net29.953.1149.578.7Total operating expenses1,731.51,377.35,594.14,048.2Operating income 18.7167.3320.8536.2Non-operating income (expense):Interest income1.20.52.52.1Interest expense(54.6)(12.7)(116.7)(81.8)Other income (expense), net151.90.638.5(0.5)Total other income (expense), net98.5(11.6)(75.7)(80.2)Income before income taxes and noncontrolling interest 117.2155.7245.1456.0Provision for income taxes88.261.5146.8196.9Net income29.094.298.3259.1Loss attributable to noncontrolling interest(1.0)0.6(1.0)1.8Net income attributable to common sh
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SOURCE Actavis, Inc.
Copyright©2012 PR Newswire.
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