CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Jun. 30, 2011		Dec. 31, 2010
CURRENT ASSETS:
Cash and cash equivalents	$ 997,476	[1]	$ 1,160,239
Receivables, net	486,519	[1]	431,333
Inventory, net	305,421		291,360
Deferred tax assets, net	206,895		213,798
Other current assets	98,272	[1]	54,845
Total current assets	2,094,583		2,151,575
INVESTMENTS ($505,800 and $155,808 at fair value in 2011 and 2010, respectively)	528,067		168,494
PROPERTY AND EQUIPMENT, net	507,152	[1]	502,856
GOODWILL	866,272	[1]	822,071
INTANGIBLE ASSETS, net	1,724,246	[1]	1,212,387
DEBT ISSUANCE COSTS	11,829		14,196
OTHER ASSETS	20,937		20,254
TOTAL ASSETS	5,753,086		4,891,833
CURRENT LIABILITIES:
Current portion of long-term debt, net	672,102		651,997
Accounts payable	120,128	[1]	104,477
Accrued expenses	479,080	[1]	460,141
Total current liabilities	1,271,310		1,216,615
LONG-TERM DEBT	405,985		391,416
DEFERRED TAX LIABILITIES, net	237,487	[1]	172,589
OTHER LIABILITIES	303,366		273,438
Total liabilities	2,218,148		2,054,058
COMMITMENTS AND CONTINGENCIES
REDEEMABLE EQUITY	153,600		170,183
Cephalon Stockholders' Equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized, 2,500,000 shares issued, and none outstanding
Common stock, $0.01 par value, 400,000,000 shares authorized, 81,290,845 and 79,091,532 shares issued, and 77,921,064 and 75,722,274 shares outstanding	813		791
Additional paid-in capital	2,633,913		2,428,450
Treasury stock, at cost, 3,369,781 and 3,369,258 shares	(225,881)		(225,870)
Accumulated earnings	576,349		247,086
Accumulated other comprehensive income	316,649		182,975
Total Cephalon stockholders' equity	3,301,843		2,633,432
Noncontrolling Interest	79,495	[1]	34,160
Total equity	3,381,338		2,667,592
TOTAL LIABILITIES AND EQUITY	$ 5,753,086		$ 4,891,833

[1] Amounts include assets and liabilities of our variable interest entities (VIEs). Our interests and obligations with respect to VIEs' assets and liabilities are limited to those accorded to us in our agreements with our VIEs. See Note 2 to these consolidated financial statements for amounts.