XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Product sales $ 1,106.9 $ 889.3
Royalties 56.3 73.6
Other revenues 8.6 9.3
Total revenues 1,171.8 972.2
Costs and expenses:    
Cost of product sales 158.4 124.5 [1]
Research and development 220.3 177.9
Selling, general and administrative ("SG&A") 500.0 402.9 [1]
(Gain)/loss on sale of product rights (7.2) 1.3
Reorganization costs 0 5.5
Integration and acquisition costs 5.3 (6.4)
Total operating expenses 876.8 705.7
Operating income 295.0 266.5
Interest income 0.8 0.6
Interest expense (10.2) (9.2)
Other income, net 1.9 0.3
Total other expense, net (7.5) (8.3)
Income from continuing operations before income taxes and equity in earnings of equity method investees 287.5 258.2
Income taxes (50.0) (48.1)
Equity in earnings of equity method investees, net of taxes 0.9 1.2
Net income 238.4 211.3
Numerator for basic earnings per share 238.4 211.3
Earning per ordinary share - basic    
Earnings per ordinary share - basic $ 0.431 $ 0.385
Earnings per ordinary share - diluted    
Earnings per ordinary share - diluted $ 0.414 $ 0.370
Weighted average number of shares:    
Basic 553.5 549.5
Diluted 595.6 593.6
Amounts attributable to Shire plc    
Net income attributable to Shire plc $ 238.4 $ 211.3
[1] Cost of product sales includes amortization of intangible assets relating to favorable manufacturing contracts of $0.2 million for the three months to March 31, 2012 (2011: $0.4 million). SG&A costs include amortization of intangible assets relating to intellectual property rights acquired of $45.6 million for the three months to March 31, 2012 (2011: $36.1 million).