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Consolidated Statements of Income (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Product sales$ 1,018.4$ 794.3$ 2,901.0$ 2,276.8
Royalties62.876.5199.8254.5
Other revenues4.93.520.48.6
Total revenues1,086.1874.33,121.22,539.9
Costs and Expenses:    
Cost of product sales166.5[1]112.7[1]434.7333.7
Research and development201.5197.9556.3475.9
Selling, general and administrative452.1[1]392.4[1]1,295.31,106.7
Loss/(gain) on sale of product rights0.303.8(4.1)
Reorganization costs5.09.718.023.3
Integration and acquisition costs5.35.87.96.4
Total operating expenses830.7718.52,316.01,941.9
Operating income255.4155.8805.2598.0
Interest income0.31.01.51.9
Interest expense(9.7)(8.3)(28.8)(25.6)
Other income, net15.60.815.99.0
Total other income/(expense), net6.2(6.5)(11.4)(14.7)
Income before income taxes and equity in earnings/(losses) of equity method investees261.6149.3793.8583.3
Income taxes(69.5)(52.7)(187.3)(160.8)
Equity in earnings/(losses) of equity method investees, net of taxes0.8(0.3)3.20.2
Net income192.996.3609.7422.7
Net income attributable to Shire plc192.996.3609.7422.7
Earning per ordinary share - basic    
Earnings per ordinary share - basic$ 0.350$ 0.176$ 1.106$ 0.774
Earnings per ordinary share - diluted    
Earnings per ordinary share - diluted$ 0.339$ 0.173$ 1.067$ 0.760
Weighted average number of shares (millions):    
Basic551.3547.0551.2546.1
Diluted593.8556.7595.0589.7
Amounts attributable to Shire plc    
Net income attributable to Shire plc$ 192.9$ 96.3$ 609.7$ 422.7
[1]Cost of product sales includes amortization of intangible assets relating to favorable manufacturing contracts of $0.5 million for the three months to September 30, 2011 (2010: $0.4 million) and $1.4 million for the nine months to September 30, 2011 (2010: $1.3 million). Research and development costs include impairment charges of $16.0 million for the three and nine months to September 30, 2011 (2010: $nil). Selling, general and administrative costs includes amortization and impairment charges of intangible assets relating to intellectual property rights acquired of $46.4 million for the three months to September 30, 2011 (2010: $73.9 million) and $119.1 million for the nine months to September 30, 2011 (2010: $142.3 million).