WPI: Income Statement-2009Q2 Save As Excel | 
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Watson Pharma ($M)30 Jun 200930 Jun 200931 Mar 200931 Dec 200830 Sep 200830 Jun 200831 Mar 200831 Dec 200730 Sep 200730 Jun 200731 Mar 2007
(actual)(predicted)(actual)(actual)(actual)(actual)(actual)(actual)(actual)(actual)(actual)
Revenue$678 $661 $667 $645 $641 $623 $627 $627 $595 $603 $672
Operating Expenses
Cost of Goods Sold($393)($383)($389)($376)($387)($360)($380)($373)($346)($360)($425)
Depreciation($22)($22)($22)($20)($20)($20)($20)($44)($44)($44)($44)
Research & development($43)($45)($42)($48)($45)($39)($38)($36)($36)($36)($38)
Selling, General & Administrative($128)($115)($135)($111)($101)($104)($107)($108)($112)($97)($103)
Special operating charges
Operating income$92 $96 $80 $90 $87 $99 $82 $66 $56 $66 $62
Gains on investments$8
Gains on asset sales($0)$2 $2 ($0)($0)$6
Net interest and other income($1)($2)($2)($4)($1)($3)($0)($6)($7)($8)($10)
Income before taxes$91 $96 $80 $87 $94 $96 $82 $60 $55 $57 $52
Provisions for income taxes($38)($33)($31)($30)($23)($36)($31)($21)($21)($21)($20)-$7.76
Net income before adjustments$53 $62 $49 $56 $71 $60 $51 $38 $35 $36 $32
Minority interests
Income from discontinued ops
Net income$53 $62 $49 $56 $71 $60 $51 $38 $35 $36 $32
Earnings Per Share$0.45 $0.53 $0.42 $0.48 $0.60 $0.51 $0.43 $0.33 $0.29 $0.31 $0.27
Shares Outstanding118.8118.0118.2118.0118.0117.7117.4117.4117.4117.1116.6
Price per share$33.69$31.11$26.57$28.50$27.17$29.32$27.14$32.40$32.53$26.43
Market Value$4,002 $0 $3,677 $3,135 $3,363 $3,197 $3,442 $3,186 $3,804 $3,809 $3,082
Revenue growth from year-earlier8.9%6.2%6.5%2.9%7.7%3.3%-6.6%
Operating income growth from year-earlier-7.4%-3.5%-2.5%36.8%55.9%50.6%32.4%
Net income growth from year-earlier-12.1%3.1%-3.0%46.8%105.3%65.6%60.2%
EPS growth from year earlier-13.0%2.8%-3.7%46.1%104.3%64.8%59.1%
CGS/Revenue58.0%58.0%58.2%58.3%60.3%57.8%60.6%59.5%58.3%59.8%63.2%
Gross Margin42.0%42.0%41.8%41.7%39.7%42.2%39.4%40.5%41.7%40.2%36.8%
Depreciation/Revenue3.3%3.3%3.3%3.1%3.2%3.2%3.2%7.0%7.4%7.3%6.5%
R&D/Revenue6.3%6.8%6.3%7.4%7.1%6.3%6.1%5.7%6.0%5.9%5.6%
SG&A/Revenue18.9%17.4%20.2%17.2%15.8%16.8%17.0%17.3%18.9%16.1%15.4%
Income tax rate41.5%35.0%38.6%34.9%24.4%37.1%38.1%35.8%37.5%36.6%38.8%
Revenue (TTM)$2,631 $2,614 $2,576 $2,536 $2,518 $2,472 $2,452 $2,497
Net Income (TTM)$230 $239 $237 $238 $220 $184 $160 $141
EPS (TTM)$1.94 $2.02 $2.01 $2.02 $1.87 $1.57 $1.36 $1.20
Revenue growth year-on-year6.45%5.77%5.06%1.56%N/AN/AN/AN/A
Net Income growth year-on-year24.79%29.77%47.99%69.03%N/AN/AN/AN/A
Price/Revenue (TTM)1.5201.431.241.341.291.41.28
Price/Earnings (TTM)17.44015.5313.1515.2617.3821.522.59
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