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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Product sales $ 1,147.7 $ 993.3 $ 2,254.6 $ 1,882.6
Royalties 56.3 63.4 112.6 137.0
Other revenues 3.8 6.2 12.4 15.5
Total revenues 1,207.8 1,062.9 2,379.6 2,035.1
Costs and expenses:        
Cost of product sales 152.5 [1] 143.7 [1] 310.9 [1] 268.2 [1]
Research and development 238.6 [1] 176.9 [1] 458.9 [1] 354.8 [1]
Selling, general and administrative ("SG&A") 511.0 [1] 440.3 [1] 1,011.0 [1] 843.2 [1]
(Gain)/loss on sale of product rights (3.6) 2.2 (10.8) 3.5
Reorganization costs 0 7.5 0 13.0
Integration and acquisition costs 7.1 9.0 12.4 2.6
Total operating expenses 905.6 779.6 1,782.4 1,485.3
Operating income 302.2 283.3 597.2 549.8
Interest income 0.6 0.6 1.4 1.2
Interest expense (9.6) (9.9) (19.8) (19.1)
Other (expense)/income, net (1.8) 0 0.1 0.3
Total other expense, net (10.8) (9.3) (18.3) (17.6)
Income before income taxes and equity in (losses)/earnings of equity method investees 291.4 274.0 578.9 532.2
Income taxes (53.0) (69.7) (103.0) (117.8)
Equity in (losses)/earnings of equity method investees, net of taxes (0.6) 1.2 0.3 2.4
Net income 237.8 205.5 476.2 416.8
Numerator for basic earnings per share 237.8 205.5 476.2 416.8
Earning per ordinary share - basic        
Earnings per ordinary share - basic $ 0.427 $ 0.372 $ 0.858 $ 0.757
Earnings per ordinary share - diluted        
Earnings per ordinary share - diluted $ 0.413 $ 0.359 $ 0.828 $ 0.729
Weighted average number of shares:        
Basic 557.0 552.3 555.2 551.1
Diluted 594.9 595.1 594.8 594.8
Amounts attributable to Shire plc        
Numerator for basic earnings per share $ 237.8 $ 205.5 $ 476.2 $ 416.8
[1] Cost of product sales includes amortization of intangible assets relating to favorable manufacturing contracts of $0.5 million for the three months to June 30, 2012 (2011: $0.4 million) and $0.7 million for the six months to June 30, 2012 (2011: $0.9 million). Research and development costs includes intangible asset impairment charges of $27.0 million for the three and six months to June 30, 2012 (2011: $nil). SG&A costs includes amortization of intangible assets relating to intellectual property rights acquired of $51.0 million for the three months to June 30, 2012 (2011: $36.7 million) and $96.6 million for the six months to June 30, 2012 (2011: $72.7 million).