Second Quarter | First Six Months | |||||||
Reported EPS |
$ | 1.05 | $ | 2.30 | ||||
Litigation charge (1) |
$ | 0.11 | $ | 0.11 | ||||
Adjusted EPS |
$ | 1.17 | $ | 2.41 |
(1) | Represents the charge relating to the pending settlement with the direct purchaser plaintiffs (which includes BDs distributors) in the antitrust class actions. |
Second Quarter | First Six Months | |||||||
Reported EPS |
$ | 1.24 | $ | 2.53 | ||||
Tax charge (1) |
$ | 0.04 | $ | 0.04 | ||||
Adjusted EPS |
$ | 1.27 | $ | 2.57 |
(1) | Represents the charge related to health care reform impacting Medicare Part D reimbursements. |
Reported EPS |
$ | 4.92 | ||
Litigation charge (1) |
$ | 0.11 | ||
Tax adjustment (2) |
$ | (0.08 | ) | |
Adjusted EPS |
$ | 4.95 |
(1) | Represents the charge relating to the pending settlement with the direct purchaser plaintiffs (which includes BDs distributors) in the antitrust class actions. | |
(2) | Represents the tax benefit relating to various tax settlements in multiple jurisdictions. |
Total | Foreign | Foreign | ||||||||||||||||||||||||||||||||||
Q2 | Impact of | Q2 | unfavorable | currency | currency | |||||||||||||||||||||||||||||||
FY2009 | foreign | FY2010 | foreign | neutral | neutral | |||||||||||||||||||||||||||||||
Q2 | Q2 | Change | hedge | currency | hedge | currency | growth | growth | ||||||||||||||||||||||||||||
FY2010 | FY2009 | ($) | gain | translation | loss | impact | ($) | (%) | ||||||||||||||||||||||||||||
Adjusted EPS |
$ | 1.27 | $ | 1.17 | $ | 0.10 | (0.08 | ) | 0.06 | (0.07 | ) | (0.09 | ) | 0.19 | 16.2 | % | ||||||||||||||||||||
FY2009 | Total | Foreign | Foreign | |||||||||||||||||||||||||||||||||||||
foreign | Impact of | unfavorable | currency | currency | ||||||||||||||||||||||||||||||||||||
currency | FY2009 | foreign | FY2010 | foreign | neutral | neutral | ||||||||||||||||||||||||||||||||||
Change | holding | hedge | currency | hedge | currency | growth | growth | |||||||||||||||||||||||||||||||||
FY2010 | FY2009 | ($) | gain | gain | translation | loss | impact | ($) | (%) | |||||||||||||||||||||||||||||||
Adjusted EPS |
$ | 2.57 | $ | 2.41 | $ | 0.16 | (0.09 | ) | (0.16 | ) | 0.19 | (0.11 | ) | (0.18 | ) | 0.34 | 14.1 | % | ||||||||||||||||||||||
Estimated growth (based on adjusted FY2009 EPS of $4.95) |
Estimated foreign currency neutral growth |
Estimated impact of foreign currency translation |
||||||||||||||
EPS guidance reported |
$ | 5.01-$5.11 | 1-3 | % | 7-9 | % | 6 | % | ||||||||
Tax charge (1) |
$ | .04 | 1 | % | 1 | % | ||||||||||
EPS guidance as adjusted |
$ | 5.05-$5.15 | 2-4 | % | 8-10 | % | 6 | % |
FY2009 Items: |
||||
Actual hedge gain in FY2009 |
$ | (0.26 | ) | |
Q1 FY2009 foreign currency holding gain |
$ | (0.09 | ) | |
FY2010 Activity: * |
||||
Estimated effect of foreign currency translation |
$ | 0.17 | ||
Estimated hedge losses |
$ | (0.12 | ) | |
Total Year-on-Year Impact |
$ | (0.30 | ) | |
Impact on EPS Growth |
$ | (0.30)/$4.95 ~ 6 | % |
* | Estimated impact is based on the foreign exchange rates established for BDs most recent fiscal year 2010 projection. |