| Year to December 31, | 2009 $'M |
2008 $'M |
|---|---|---|
| Revenues: | ||
| Product sales | 2,693.7 | 2,754.2 |
| Royalties | 292.5 | 245.5 |
| Other revenues | 21.5 | 22.5 |
| Total revenues | 3,007.7 | 3,022.2 |
| Costs and expenses: | ||
| Cost of product sales | 388.0 | 408.0 |
| Research and development | 638.3 | 494.3 |
| Selling, general and administrative | 1,342.6 | 1,455.2 |
| Gain on sale of product rights | (6.3) | (20.7) |
| IPR&D charge | 1.6 | 263.1 |
| Reorganization costs | 12.7 | — |
| Integration and acquisition costs | 10.6 | 10.3 |
| Total operating expenses | 2,387.5 | 2,610.2 |
| Operating income | 620.2 | 412.0 |
| Interest income | 1.9 | 25.5 |
| Interest expense | (39.8) | (139.0) |
| Otherincome/(expense), net | 60.7 | (32.9) |
| Total other income/(expense), net | 22.8 | (146.4) |
| Income from continuing operations before income taxes and equity in (losses)/earnings of equity-method investees | 643.0 | 265.6 |
| Income taxes | (138.5) | (98.0) |
| Equity in (losses)/earnings of equity-method investees, net of taxes | (0.7) | 2.4 |
| Income from continuing operations, net of taxes | 503.8 | 170.0 |
| Loss from discontinued operations (net of income tax expense of $nil in all periods) | (12.4) | (17.6) |
| Net income | 491.4 | 152.4 |
| Add: Net loss attributable to the noncontrolling interest in subsidiaries | 0.2 | 3.6 |
| Net income attributable to Shire plc | 491.6 | 156.0 |
| 2009 | 2008 | |
| Earnings per Ordinary Share—basic | ||
| Earnings from continuing operations attributable to Shire plc shareholders | 93.2¢ | 32.1¢ |
| Loss from discontinued operations attributable to Shire plc shareholders | (2.3¢) | (3.3¢) |
| Earnings per Ordinary Share attributable to Shire plc shareholders—basic | 90.9¢ | 28.8¢ |
| Earnings per Ordinary Share—diluted | ||
| Earnings from continuing operations attributable to Shire plc shareholders | 91.9¢ | 31.8c |
| Loss from discontinued operations attributable to Shire plc shareholders | (2.2¢) | (3.2¢) |
| Earnings per Ordinary Share attributable to Shire plc shareholders—diluted | 89.7¢ | 28.6¢ |
| Weighted average number of shares (millions): | ||
| Basic | 540.7 | 541.6 |
| Diluted | 548.0 | 545.4 |
