Taro Shareholder Value Creation and Strategic Overview
19
Taro Income Statement
Current 6 month and full year comparisons
(In thousands)
Sales, net
Cost of sales
TARO
Six Months Ended Sept. 30,
As Reported
As Reported
As Reported
As Reported
2023
(unaudited)
2022
(unaudited)
2023
(audited)
2022
(audited)
Year Ended March 31,
Proforma
2022
(unaudited)
As Reported
2021
(audited)
Proforma
2021
(unaudited)
$ 307,096
$ 287,163
$ 572,952
$ 561,347
S 561,347
$ 548,970 $ 548,970
169,410
158,595
304,629
268,212
268,212
252,314
252,314
137,686
128,568
268,323
293,122
293,122
296,656
296,656
Gross profit
Operating Expenses:
Research and development
30,470
23,030
52.243
54,540
54,540
60,152
60,152
Selling, marketing, general and administrative
110,398
98,377
198,366
113,676
113,676
91,355
91,355
Settlements and loss contingencies
61,446
558,924
Operating income (loss)
(3,182)
7,161
17,714
63,460
124,906
(413,775)
145,149
Financial (income) expense, net.
Interest and other financial income
(24,862)
(6,221)
(20,850)
(8.187)
(8,187)
(20,174)
Foreign exchange expense (income)
(460)
3,082
2,813
(1,986)
(1,986)
365
Other gain, net
956
840
2,463
4,226
4,226
2,892
(20,174)
365
2,892
Income (loss) before income taxes
23,096
11.140
38,213
77,859
139,305
(391,073)
167,851
Tax
expense (benefit)
Net income (loss)
4,515
18,581
(126)
12,768
19,592
11,266
25,445
58,267
12,901
126,404
Net (loss) income attributable to non-controlling interest
9,667
(400,740)
(14,087)
26,380
141,471
Net income (loss) attributable to Taro
$
18,581
$
11,266
$ 25,445
$
58,267
$ 126,404
$ (386,653)
$
80
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