This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Elan Reports Fourth Quarter And Full-Year 2012 Financial Results

Until the Tysabri Transaction closes, in the ROW market, Biogen Idec is responsible for distribution, and Elan records as revenue its share of the profit or loss on ROW sales of Tysabri, plus Elan’s directly-incurred expenses on these sales. As a result, in the ROW market, Elan recorded net revenue of $76.6 million for the fourth quarter of 2012 compared to $74.2 million for the fourth quarter of 2011.

Elan’s net Tysabri ROW revenue is calculated as follows:

Three Months Ended December 31

Twelve Months Ended December 31

2011 US$m

2012 US$m

2011 US$m

2012 US$m
183.2   189.8 ROW in-market sales by Biogen Idec 764.1   745.1
(85.0) (83.2) ROW operating expenses incurred by the collaboration (349.3) (316.3)
98.2 106.6 ROW operating profit incurred by the collaboration 414.8 428.8
49.1 53.3 Elan’s 50% share of Tysabri ROW collaboration operating profit 207.4 214.4
25.1 23.3 Elan’s directly incurred costs 110.2 102.2
74.2 76.6 Net Tysabri ROW revenue 317.6 316.6

Pro Forma Operating Expenses (including Tysabri)

Selling, general and administrative

Three Months Ended December 31

Twelve Months Ended December 31

2011 US$m

2012 US$m

2011 US$m

2012 US$m
26.1   21.1 Cash expenses 85.0   84.5
2.1 1.9 Depreciation and amortization 9.5 7.9
2.7 3.8 Share-based compensation 12.7 21.2
30.9 26.8 SG&A expenses – continuing operations 107.2 113.6
26.2 32.1 Tysabri SG&A expenses 96.1 113.2
57.1 58.9 Pro forma SG&A expenses 203.3 226.8

SG&A expenses increased slightly to $58.9 million for the fourth quarter of 2012, from $57.1 million for the same period of 2011, primarily as a result of increased investment in Tysabri commercial activities in the US, offset by reduced non-Tysabri cash expenses.

8 of 16

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.82 -0.45%
FB $118.69 0.75%
GOOG $706.31 0.70%
TSLA $211.86 0.16%
YHOO $36.89 -0.14%


Chart of I:DJI
DOW 17,651.43 -9.28 -0.05%
S&P 500 2,041.82 -8.81 -0.43%
NASDAQ 4,690.20 -26.8940 -0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs