FA1 3y03aef4

Hospira Inc (HSP US) - GAAP
In Millions of USD except Per Share FY 2002 FY 2003 FY 2004

12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Revenue SALES_REV_ 2,602.6 2,623.7 2,645.0
+ Sales & Services Revenue IS_SALES_A — — —
- Cost of Revenue IS_COGS_TO 1,883.2 1,922.7 1,858.4
+ Cost of Goods & Services IS_COG_AND — — —
Gross Profit GROSS_PROF 719.4 701.1 786.6
+ Other Operating Income IS_OTHER_O — — —
- Operating Expenses IS_OPERATI 341.2 340.7 423.6
+ Selling, General & Admin IS_SG&A_EX — — —
+ Research & Development IS_OPERATI — — —
+ Other Operating Expense OTHER_OPER — — —
Operating Income (Loss) IS_OPER_INC 378.2 360.4 363.0
- Non-Operating (Income) Loss NONOP_INCO 25.8 1.3 -48.5
+ Interest Expense, Net IS_NET_INT — — 16.4
+ Interest Expense IS_INT_EXPE 0.0 0.0 18.8
- Interest Income IS_INT_INC 0.0 0.0 2.4
+ Foreign Exch (Gain) Loss IS_FOREIGN 3.4 -1.8 -0.3
+ Other Non-Op (Income) Loss OTHER_NONO 22.3 3.0 -64.7
Pretax Income PRETAX_INC 352.4 359.1 411.5
- Income Tax Expense (Benefit) IS_INC_TAX_ 105.7 98.8 110.0
+ Current Income Tax IS_CURRENT — — —
+ Deferred Income Tax IS_DEFERRE — — —
- (Income) Loss from Affiliates IS_SH_PRO_ — — —
Income (Loss) from Cont Ops IS_INC_BEF_ 246.7 260.4 301.6
- Net Extraordinary Losses (Gains) XO_GL_NET_ 0.0 0.0 0.0
+ Discontinued Operations IS_DISCONT — — —
+ XO & Accounting Changes IS_EXTRAOR — — —
Income (Loss) Incl. MI NI_INCLUDIN 246.7 260.4 301.6
- Minority Interest MIN_NONCON 0.0 0.0 0.0
Net Income, GAAP NET_INCOME 246.7 260.4 301.6
- Preferred Dividends IS_TOT_CAS 0.0 0.0 0.0
- Other Adjustments OTHER_ADJU 0.0 0.0 0.0
Net Income Avail to Common, GAAP EARN_FOR_ 246.7 260.4 301.6
Net Income Avail to Common, Adj EARN_FOR_ 246.7 260.4 301.6

Net Abnormal Losses (Gains) IS_NET_ABN — — —
Net Extraordinary Losses (Gains) XO_GL_NET_ 0.0 0.0 0.0
Basic Weighted Avg Shares IS_AVG_NUM — — 156.2

Basic EPS, GAAP IS_EPS — — 1.93
Basic EPS from Cont Ops IS_EARN_BE — — 1.93
Basic EPS from Cont Ops, Adjusted IS_BASIC_E — — 1.83
Diluted Weighted Avg Shares IS_SH_FOR_D — — 157.2

Diluted EPS, GAAP IS_DILUTED_ — — 1.92
Diluted EPS from Cont Ops IS_DIL_EPS_ — — 1.92
Diluted EPS from Cont Ops, Adjusted IS_DIL_EPS_ — — 1.82
Reference Items
Accounting Standard ACCOUNTING US GAAP US GAAP US GAAP
EBITDA EBITDA 511.9 506.3 508.5
EBITDA Margin (T12M) EBITDA_MAR 19.67 19.30 19.23
EBITA EBITA 382.8 365.0 367.3
EBIT EBIT 378.2 360.4 363.0
Gross Margin GROSS_MARG 27.64 26.72 29.74
Operating Margin OPER_MARGI 14.53 13.74 13.72
Profit Margin PROF_MARGI 9.48 9.92 11.40
Sales per Employee ACTUAL_SAL — 187,409.79 188,931.14
Dividends per Share EQY_DPS 0.00 0.00 0.00
Total Cash Common Dividends IS_TOT_CAS 0.0 0.0 0.0
Capitalized Interest Expense IS_CAP_INT_ 2.3 2.2 5.5
Depreciation Expense IS_DEPR_EX 129.1 141.4 141.2
Rental Expense BS_CURR_RE 16.3 16.6 23.2
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
2,626.7 2,688.5 3,436.2 3,629.5 3,879.3 3,917.2 4,057.1
— — — — 3,879.3 3,917.2 4,057.1
1,777.6 1,749.3 2,262.3 2,307.5 2,422.9 2,402.8 2,659.5
— — — — 2,422.9 2,402.8 2,659.5
849.1 939.2 1,173.9 1,322.0 1,456.4 1,514.4 1,397.6
— — — 0.0 0.0 0.0 0.0
512.4 589.7 783.3 803.7 953.5 995.2 1,340.8
— — — 590.1 618.8 675.0 637.3
— — — — 240.5 300.5 258.8
— — — 213.6 94.2 19.7 444.7
336.6 349.6 390.6 518.3 502.9 519.2 56.8
14.5 24.9 202.8 110.8 118.1 127.7 83.9
— — 104.3 106.9 — — —
28.3 31.0 134.5 116.2 106.3 101.1 93.1
0.0 0.0 30.2 9.3 — — —
0.0 0.0 0.0 0.0 0.0 0.0 0.0
-13.7 -6.1 98.5 3.9 11.8 26.6 -9.2
322.1 324.7 187.8 407.5 384.8 391.5 -27.1
86.4 87.0 51.0 86.6 -19.1 34.3 27.9
— — — — -79.2 75.4 42.4
— — — — 60.1 -41.1 -14.5
— — — — — — -45.6
235.6 237.7 136.8 320.9 403.9 357.2 -9.4
0.0 0.0 0.0 0.0 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
235.6 237.7 136.8 320.9 403.9 357.2 -9.4
0.0 0.0 0.0 0.0 0.0 0.0 0.0
235.6 237.7 136.8 320.9 403.9 357.2 -9.4
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
235.6 237.7 136.8 320.9 403.9 357.2 -9.4
235.6 237.7 136.8 320.9 550.5 482.5 454.9

— — 214.6 — 146.6 125.3 464.3
0.0 0.0 0.0 0.0 0.0 0.0 0.0
159.3 157.4 156.9 159.2 161.0 166.0 165.5

1.48 1.51 0.87 2.02 2.51 2.15 -0.06
1.48 1.51 0.87 2.02 2.51 2.15 -0.06
1.94 1.98 2.24 2.56 3.42 2.91 2.75
161.6 160.4 160.2 161.3 163.2 169.5 165.5

1.46 1.48 0.85 1.99 2.47 2.11 -0.06
1.46 1.48 0.85 1.99 2.47 2.11 -0.06
1.91 1.94 2.19 2.53 3.37 2.85 2.75
US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP

492.9 506.3 625.8 770.2 733.0 765.1 312.9
18.77 18.83 18.21 21.22 18.90 19.53 7.71
184.0 351.5 442.7 587.0 564.4 600.8 148.3
336.6 349.6 390.6 518.3 502.9 519.2 56.8
32.32 34.94 34.16 36.42 37.54 38.66 34.45
12.82 13.00 11.37 14.28 12.96 13.25 1.40
8.97 8.84 3.98 8.84 10.41 9.12 -0.23
202,053.54 206,808.07 245,445.57 250,310.34 287,355.56 279,800.00 270,473.33
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.0 — 0.0 0.0 0.0 0.0 0.0
10.5 13.4 11.1 8.0 5.8 8.4 12.4
308.9 154.8 183.0 183.2 168.6 164.3 164.6
24.6 22.1 26.9 26.3 30.0 27.3 32.7
FY 2012 FY 2013 FY 2014 Current FY 2015 Est FY 2016 Est
12/31/2012 12/31/2013 12/31/2014 09/10/2019 12/31/2015 12/31/2016
4,092.1 4,002.8 4,463.7 4,703.0 5,068.0
4,092.1 4,002.8 4,463.7
2,978.7 2,922.3 2,877.2
2,978.7 2,922.3 2,877.2
1,113.4 1,080.5 1,586.5 2,097.5 2,311.0
0.0 0.0 0.0
1,054.6 1,063.9 1,120.2
687.7 742.6 841.1
303.6 301.7 344.3
63.3 19.6 -65.2
58.8 16.6 466.3 788.8 899.8
100.7 139.8 78.1
80.4 80.9 70.4
86.3 86.2 77.2
5.9 5.3 6.8
0.0 0.0 0.0
20.3 58.9 7.7
-41.9 -123.2 388.2 840.3 921.7
-51.0 -98.3 71.9
8.5 0.7 91.8
-59.5 -99.0 -19.9
-35.1 -16.6 -16.9
44.2 -8.3 333.2 448.5 552.5
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
44.2 -8.3 333.2
0.0 0.0 0.0
44.2 -8.3 333.2 448.5 552.5
0.0 0.0 0.0
0.0 0.0 0.0
44.2 -8.3 333.2 448.5 552.5
283.1 299.0 361.0 541.7 597.3

238.9 307.3 27.8
0.0 0.0 0.0
165.0 165.6 168.2 172.8

0.27 -0.05 1.98 2.46 3.18
0.27 -0.05 1.98 2.46 3.18
1.72 1.81 2.15 3.18 3.64
166.0 165.6 170.8 176.1

0.27 -0.05 1.95 2.46 3.18
0.27 -0.05 1.95 2.46 3.18
1.71 1.81 2.11 3.18 3.64
US GAAP US GAAP US GAAP

306.4 274.1 724.4 1,056.3 1,155.7
7.49 6.85 16.23 18.66 22.46 22.80
142.4 102.3 543.0
58.8 16.6 466.3 788.8 899.8
27.21 26.99 35.54
1.44 0.41 10.45 16.77 17.75
1.08 -0.21 7.46 11.52 11.79
255,756.25 235,458.82 234,931.58
0.00 0.00 0.00 0.00 0.00
0.0 0.0 0.0
18.8 23.5 31.6
164.0 171.8 181.4
41.2 31.1 42.0
Hospira Inc (HSP US) - As Reported
12 Months Ending 12/31/2004 12/31/2005 12/31/2006
Income Statement
Revenues
Revenues ARD_REVENU 2,645.0 2,626.7 2,688.5
Total Revenue ARD_TOTAL_ 2,645.0 2,626.7 2,688.5
Operating Expenses
Total Operating Expenses ARD_TOTAL_ — — —
R & D Expenditures ARD_R&D_EX 119.6 138.8 161.6
Selling General and Administrative Expens ARD_SELLIN 304.0 373.6 428.0
Acquired In-Process R&D ARD_ACQUIR — — 10.0
Other One-Time Charges ARD_OTHER_ -64.6 — —
Gross Profit ARD_GROSS_ 786.6 849.1 939.2
Operating Income ARD_OPERAT 427.7 336.6 339.6
Impairment of Goodwill ARD_IMPAIR — — —
Cost of Products Sold ARD_COST_O 1,858.4 1,777.6 1,749.3
Non-Operating Expenses
Interest Expense ARD_INT_EX 18.8 28.3 31.0
Income Tax Expense (Benefit) ARD_INCOME 110.0 86.4 87.0
Income Before Income Taxes ARD_INCOME 411.5 322.1 324.7
Other Non-Operating (Income)/Expense - NARD_OTH_NO — -13.7 —
AT (Income) Loss Affiliates and Others ARD_AFTER_ — — —
Other Non-Operating Income ARD_OTHER_ -2.6 — -16.1
Earnings
Basic EPS ARD_BASIC_ 1.93 1.48 1.51
Weighted Avg. Shares - Basic ARD_WEIGHT 156.2 159.3 157.4
Diluted EPS ARD_DILUTE 1.92 1.46 1.48
Weighted Avg. Shares - Diluted ARD_WEIGHT 157.2 161.6 160.4
Cumulative Net Income ARD_CUMULA — — —
Net Income ARD_NET_IN 301.6 235.6 237.7
Comprehensive Income
Foreign Currency Translation Adjustments ARD_FOR_CR -29.4 -11.3 12.7
Unrealized Gain (Loss) On Securities ARD_UNREAL -0.4 2.4 1.0
Change In Fair Value of Derivatives ARD_CHG_FAI — — —
Pension Related Adjustments ARD_PENSIO 45.1 -35.1 2.3
Total Comprehensive Income ARD_TOTAL_ 268.4 191.7 253.7
Other Comprehensive Income ARD_OTHER_ -48.5 — —
Others
Partial Record Indicator PARTIAL_RE n/a n/a n/a
Reference Items
Amortization Expense ARDR_AMORT — — —
R & D Expenditures ARDR_R&D_E — — —
Depreciation Expense ARDR_DEPRE — — —
Selling General and Administrative ExpenseARDR_SELLI — — —
Depreciation and Amortization ARDR_DEPRE — — —
Interest Expense ARDR_INT_E — 28.3 31.0
(Gain)/Loss On Sale of Assets ARDR_GL_ON — — —
Write-Down/Impairment of Assets ARDR_WRITE — — —
Restructuring Charges ARDR_RESTR — — —
Other One-Time Charges ARDR_OTHER — — —
Interest Income ARDR_INT_I -2.4 -15.1 -17.1
Income Tax Expense (Benefit) ARDR_INCOM — — —
Foreign Currency Translation Adjustments ARDR_FOR_C — — —
Unrealized Gain (Loss) On Securities ARDR_UNREA — — —
Change In Fair Value of Derivatives ARDR_CHG_FA — — —
ARDR Pension Related Adjustments ARDR_PENSI — — —
Reclassification Adjustments ARDR_RECLA — — —
Capitalized Interest ARDR_CAPITA 5.5 10.5 13.4
Projected Benefit Obligation ARDR_PROJE 370.2 426.1 446.1
Fair Value of Plan Assets ARDR_FAIR_ 324.6 343.2 373.3
Basic EPS ARDR_BASIC 1.93 1.48 —
Weighted Avg. Shares - Basic ARDR_WEIGH 156.2 159.3 —
Diluted EPS ARDR_DILUT 1.92 1.46 —
Weighted Avg. Shares - Diluted ARDR_WEIGH 157.2 161.6 —
Pension Expense (Income) ARDR_PENSI 21.2 -4.0 2.6
Service Cost ARDR_SRVC_ 22.6 2.1 2.8
Overfunded (Underfunded) Pension ARDR_OVER_ -45.6 -82.9 -72.8
(Over/Underfunded) Post Retirement BenefiARDR_OVER_ -53.6 -59.6 -51.3
Healthcare Cost Trend Projected Next Yr - ARDR_HEALT 10.00 10.00 10.00
Actual Return/Loss On Pension Plan AssetsARDR_ACT_R 20.6 25.0 39.2
Stock Based Compensation Expense ARDR_STK_B — — 35.9
Total Comprehensive Income ARDR_TOTAL — — —
Litigation Expense ARDR_LITIGA — — —
Merger/Acquisition Expense ARDR_MERGE — — —
Fair Value of Post Retirement Plan Assets ARDR_FAIR_ — — —
Projected Post Retirement Benefit Oblig ARDR_PROJ_ 53.6 59.6 51.3
GL On Early Ext of Debt -Non-Op ARDR_GL_ON — — —
Impairment of Goodwill ARDR_IMPAI — — —
Current Income Tax Expense (Benefit) ARDR_CUR_I — — —
Deferred Income Tax Expense (Benefit) ARDR_DEFER — — —
Actuarial Gains and Losses - Pension Exp ARDR_ACTUA — — —
Adjusted Net Income-As Reported ARD_ADJ_NE — — —
Effective Tax Rate - % ARDR_EFFEC — 26.80 —
Employer Contribution (Pension) ARDR_EMPLO 113.5 1.7 2.0
Benefits Paid (Pension) ARDR_BENEF -13.8 -10.2 -12.0
Employer Contribution (Postretirement) ARDR_EMPLO 6.5 2.7 2.3
Benefits Paid (Postretirement) ARDR_BENEFI -6.5 -2.7 -2.3
Interest Cost (Pension) ARDR_INTER 29.6 22.1 24.4
Expected Return On Pension Plan Assets ARDR_EXPEC -35.6 -29.4 -29.9
Pension Plan Asset Category-Equities % ARDR_PENSI 61.00 61.00 61.00
Pension Plan Asset Category-Debt % ARDR_PENSI 39.00 39.00 39.00
Adjusted EPS ARDR_ADJUS — — —
Pension Plan Asset Category-Cash % ARDR_PENSI — — —
Tax Provision/Benefit - Non-Recurring ARDR_TAX_P — — —
ARDR Acquisition Mergers After Tax ARDR_ACQUI — — —
ARDR Disposal Assets After Tax ARDR_DISPO — — —
ARDR Debt Extinguishment After Tax ARDR_DEBT_ — — —
ARDR Impairment Write Down After Tax ARDR_IMPAI — — —
ARDR Legal Litigation Settlement After Tax ARDR_LEGAL_ — — —
ARDR Restructuring After Tax ARDR_RESTR — — —
ARDR Other One Time Charge After Tax ARDR_OTHER — — —
ARDR Goodwill Impairment After Tax ARDR_GOODW — — —
Pension Plan Asset Cat - Equities (Amt) ARDR_PENSI — — —
Pension Plan Asset Category - Debt (Amt) ARDR_PENSI — — —
Pension Plan Asset Category - Cash (Amt) ARDR_PENSI — — —
Service Cost (OPRB) ARDR_SERVI 6.8 1.4 2.1
Interest Cost (OPRB) ARDR_INTER 9.8 3.2 3.4
Expected Return On Plan Assets (OPRB) ARDR_EXP_R — — —
OPRB Expense (Income) ARDR_OPRB_ -45.3 6.5 7.2
Actual Return (Loss) On Plan Assets (OPR ARDR_ACTUA — — —
Expected Pension Benefit Payments - Year ARDR_EXPCT — — —
Expected Pension Benefit Pmts Beyond Yr ARDR_EXP_P — — —
Adjusted EBIT/Non-GAAP Operating IncomARDR_ADJ_E — — —
Income Tax Exp - Current Taxes (Intl) ARDR_ITE_C — — —
Income Tax Exp - Current Taxes (National) ARDR_ITE_C — — —
Income Tax Exp - Current Taxes (Local) ARDR_ITE_C — — —
Income Tax Exp - Deferred Taxes (Intl) ARDR_INC_D — — —
Income Tax Exp - Deferred Taxes (Local) ARDR_ITE_D — — —
Expected Oth Postretirement Ben Pymts Y1ARDR_EXPCT — — —
Expected Oth Postretire Ben Pymts Bynd YARDR_EXPCT — — —
Non-GAAP Revenue ARDR_NON_G — — —
Non-GAAP Gross Profit ARDR_NON_G — — —
Non-GAAP Gross Margin Percentage ARDR_NON_G — — —
Restructuring/Workflow Bal - Non-GAAP ARDR_RSTRC — — —
Amort of Intangible Assets - Non-GAAP C ARDR_AMORT — — —
Acquisition Rel Charges - Non-GAAP COG ARDR_ACQ_R — — —
Acquisition Related Charges - Non-GAAP ARDR_ACQ_R — — —
Other Adjustments - Non-GAAP COGS ARDR_OTH_A — — —
Amortization Prior Service Cost - OPEB ARDR_AMORT — — —
Actuarial Losses or Gains - OPEB ARDR_ACTUA — — —
Target Pension Plan Asset Cat Equities % ARDR_TGT_P — — —
Target Pension Plan Asset Category Debt ARDR_TGT_P — — —
Target Pension Plan Asset Category Cash ARDR_TGT_P — — —
ARDR Restructuring Workflow Balance N ARDR_REST_ — — —
ARDR Amortization Intangible Assets Non ARDR_AMO_I — — —
ARDR Acquisition Related Charges Non- ARDR_ACQ_R — — —
ARDR Other Adjustments Non-GAAP EPS ARDR_OTHER — — —
ARDR Goodwill Impairment Non-GAAP EP ARDR_GW_IM — — —
ARDR Disposal Assets Non-GAAP EPS ARDR_DISPO — — —
ARDR Impairments Write Down Non-GAAPARDR_IMP_W — — —
ARDR Tax Provision Benefit Non-GAAP EPARDR_TAX_P — — —
ARDR Defined Contribution Amount ARDR_DEFIN — — —
ARDR EBIT Margin ARDR_EBIT_ — — —
ARDR Gross Margin ARDR_GROSS — — —
ARDR Revenue Growth ARDR_REVE — — —
ARDR Adjusted Operating Margin ARDR_ADJUS — — —
ARDR Stock Based Compensation Tax Bene ARDR_STK_B — — —
ARDR Stock Based Compensation CF Pre ARDR_STK_B — — —
Pro Forma Net Income (Stock CompensatioARDR_PRO_F 252.9 220.1 —
Pro Forma Diluted EPS (Stock Compensati ARDR_PRO_F 1.61 1.36 —
Discount Rate Used On Plan Liabs-Pensio ARDR_DISC_ 6.00 5.70 5.70
Disc Rate Used On Liabs-Other/HealthcareARDR_DISC_ 6.00 5.70 5.70
Rate of Compensation Increase(Pension) - ARDR_RATE_ 3.50 3.60 3.60
Expected Return On Plan Assets - Pension ARDR_EXP_R 8.60 8.50 8.40
Expected Ret Plan Assets-Other/HealthcareARDR_EXP_R 8.60 8.50 8.40
Source: Bloomberg
FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013
12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013
3,436.2 3,629.5 3,879.3 3,917.2 4,057.1 4,092.1 4,002.8

— — — — — — —
— — — 3,398.0 4,000.3 4,033.3 3,986.2

201.2 213.6 240.5 300.5 258.8 303.6 301.7
582.1 590.1 618.8 675.0 637.3 687.7 742.6
88.0 0.5 — — — — —
— — 94.2 19.7 44.5 63.3 19.6
1,173.9 1,322.0 — — — — —
302.6 517.8 502.9 519.2 56.8 58.8 16.6
— — — — 400.2 — 0.0
2,262.3 2,307.5 2,422.9 2,402.8 2,659.5 2,978.7 2,922.3
134.5 116.2 106.3 101.1 93.1 86.3 86.2

51.0 86.6 -19.1 34.3 27.9 -51.0 -98.3
187.8 407.5 384.8 391.5 -27.1 -41.9 -123.2
-19.7 -5.9 11.8 26.6 -9.2 14.4 53.6
— — — — -45.6 -35.1 -16.6
— — — — — — —
0.87 2.02 2.51 2.15 -0.06 0.27 -0.05

156.9 159.2 161.0 166.0 165.5 165.0 165.6
0.85 1.99 2.47 2.11 -0.06 0.27 -0.05
160.2 161.3 163.2 169.5 165.5 166.0 165.6
— — 403.9 357.2 -9.4 44.2 -8.3
136.8 320.9 403.9 357.2 -9.4 44.2 -8.3
116.8 -307.6 — — -88.0 0.2 -146.5

-5.4 -16.5 — — -14.1 -0.5 1.1
-1.8 0.7 — — 0.4 0.1 -2.4
8.8 -40.1 — — -38.9 15.3 29.0
255.2 -42.6 — — -150.0 59.3 -127.1
— — — — — — —
No n/a n/a n/a n/a n/a n/a
— — — 81.6 91.5 83.6 85.7

— — 240.5 300.5 258.8 303.6 301.7
— — 168.6 164.3 164.6 164.0 171.8
— — 618.8 675.0 637.3 687.7 742.6
— — 230.1 245.9 256.1 247.6 257.5
134.5 116.2 106.3 101.1 93.1 86.3 86.2
— — — — — — —
— — — 21.5 33.0 14.0 3.5
— — — — 11.6 54.0 30.2
— — 164.9 99.0 86.7 255.4 353.5
-15.1 -9.3 — — — -5.9 -5.3
— — -19.1 34.3 27.9 -51.0 -98.3
— — 249.3 64.5 — — —
— — 6.6 8.6 — — —
— — 1.0 0.4 — — —
— — -5.4 -3.4 — — —
— — 16.6 0.0 — — —
11.1 8.0 5.8 8.4 12.4 18.8 23.5
445.2 429.0 456.7 494.0 580.8 600.8 555.4
376.6 282.3 340.1 458.3 486.4 519.4 507.7
0.87 2.02 2.51 2.15 -0.06 0.27 -0.05
156.9 159.2 161.0 166.0 165.5 165.0 165.6
0.85 1.99 2.47 2.11 -0.06 0.27 -0.05
160.2 161.3 163.2 169.5 165.5 166.0 165.6
1.9 1.9 3.4 4.5 3.5 12.1 13.5
3.0 1.2 1.2 1.0 1.2 1.2 1.4
-68.5 -146.7 -116.6 -35.7 -94.4 -81.4 -47.7
-67.0 -53.9 -58.0 -53.5 -57.3 -54.6 -51.6
9.00 8.50 8.50 8.50 7.50 7.50 7.30
30.0 -67.4 45.8 47.2 52.2 58.2 15.0
35.9 42.0 40.5 47.5 41.2 40.0 41.6
— — 672.0 427.3 — — —
— — — 14.0 — — —
— — — 20.2 — 1.0 4.6
— 0.0 — — — — —
67.0 53.9 58.0 53.5 57.3 54.6 51.6
— — — 36.8 — — 36.4
— — — — 400.2 — —
— — -79.2 75.4 42.4 8.5 0.7
— — 60.1 -41.1 -14.5 -59.5 -99.0
— — — — — — —
— — 507.0 560.5 510.3 333.3 347.6
27.20 21.30 8.80 8.80 -103.00 121.70 -79.80
1.9 6.9 31.7 94.1 2.1 2.5 2.5
-20.3 -27.2 -19.7 -23.1 -26.2 -27.7 -29.2
2.8 3.9 3.1 3.3 3.1 3.1 3.3
-2.8 -3.9 -3.1 -3.3 -3.1 -3.1 -3.3
25.3 25.5 26.3 26.2 25.7 24.1 23.6
-29.4 -28.9 -27.7 -29.7 -34.5 -32.3 -31.3
59.00 53.00 55.00 40.00 31.00 29.00 73.00
41.00 47.00 44.00 60.00 69.00 71.00 26.00
— — 3.11 3.31 3.04 2.01 2.09
— — 1.00 0.00 0.00 0.00 1.00
— — — — -19.7 18.8 —
— — — 12.8 — 0.6 2.8
— — — — — — —
— — — 22.9 — — 22.8
— — 16.6 20.4 26.0 17.0 10.8
— — — 8.5 — — —
— — — — 8.3 36.7 20.0
— — 130.0 60.7 54.4 165.8 250.9
— — — — 395.3 — —
— — 187.9 185.7 150.3 149.0 370.8
— — 149.1 272.0 334.2 368.1 131.3
— — 3.1 0.6 0.0 2.3 5.6
0.6 0.2 0.1 0.1 0.1 0.2 0.2
3.5 3.7 3.3 3.2 2.7 2.3 2.0
— — 0.0 0.0 — — —
0.0 5.8 3.9 4.0 3.2 3.0 2.7
— 0.0 — — — — —
— 19.5 26.3 24.1 26.8 29.3 30.0
— 23.9 24.6 25.3 27.8 29.8 31.0
— 22.6 25.3 26.5 28.6 30.4 31.8
— 23.5 26.5 27.5 29.5 31.0 32.4
— 24.7 27.0 28.7 30.2 31.1 33.0
— 139.2 149.2 156.8 161.0 166.7 175.3
— — 738.0 783.9 668.6 455.6 478.4
-11.5 — 21.3 37.4 27.8 16.5 22.6
11.4 — -104.5 34.5 11.8 -10.2 -21.6
2.5 — 4.0 3.5 2.8 2.2 -0.3
19.2 — 26.7 -16.7 -15.3 -44.4 -47.1
29.4 — 33.4 -24.4 0.8 -15.1 -51.9
— — — 3.7 3.6 3.3 3.3
— — — 3.8 3.6 3.3 3.3
— — — 3.7 3.5 3.2 3.2
— — — 3.7 3.5 3.2 3.2
— — — 3.6 3.4 3.1 3.1
— — — 17.1 16.4 15.3 16.2
— — — — — — 4,107.1
— — 1,551.3 1,666.0 1,563.5 1,445.9 1,518.0
— — 39.10 42.50 38.50 35.30 37.00
— — — — 11.6 23.3 22.5
— — 54.2 70.0 80.3 72.4 70.0
— — — 0.9 — — —
— — — — — 1.0 4.6
— — 40.7 80.7 76.0 236.8 240.7
— — 0.5 0.7 0.4 — —
— — — — — 19.1 19.8
— — — 40.00 31.00 29.00 26.00
— — — 60.00 69.00 71.00 74.00
— — — 0.00 0.00 0.00 0.00
— — — — 0.06 0.22 0.12
— — 0.23 0.28 0.33 0.31 0.29
— — — — — — 0.02
— — 0.81 0.16 0.34 1.00 1.51
— — — — 2.39 — —
— — — — — — —
— — 0.10 0.12 0.16 0.10 0.07
— — — — -0.12 0.11 —
— — 8.9 8.7 — 37.3 42.0
— — 13.00 13.30 1.40 1.40 0.40
— — 37.50 38.70 34.40 27.20 27.00
— — 6.90 1.00 3.60 0.90 9.70
— — 19.00 20.00 16.50 11.10 11.60
— — 14.0 16.2 14.7 14.3 15.2
— — 40.5 47.5 41.2 40.0 41.6
— — — — — — —
— — — — — — —
5.90 — — — — — —
5.90 — — — — — —
2.60 — — — — — —
8.10 — — — — — —
8.10 — — — — — —
FY 2014
12/31/2014
4,463.7
—
3,997.4
344.3
841.1
—
-65.2
—
466.3
—
2,877.2
77.2
71.9
388.2
0.9
-16.9
—
1.98
168.2
1.95
170.8
333.2
333.2
-130.4
-5.7
0.1
-28.9
168.3
—
n/a
76.7
344.3
181.4
841.1
258.1
77.2
-102.6
6.1
65.2
115.0
-6.8
71.9
—
—
—
—
—
31.6
618.6
525.9
1.98
168.2
1.95
170.8
9.6
1.8
-92.7
-58.1
7.00
66.5
52.0
—
—
34.0
—
58.1
—
—
91.8
-19.9
13.0
443.0
18.50
3.4
-51.7
2.6
-2.6
26.1
-31.3
21.00
79.00
2.59
0.00
—
25.1
-82.2
—
3.8
—
18.6
62.5
—
414.4
107.7
3.8
0.1
2.4
0.0
2.9
—
30.8
31.7
31.9
32.6
33.2
174.9
644.8
11.4
78.5
1.9
-44.9
25.0
3.0
2.9
2.9
2.9
2.9
15.7
4,463.7
1,801.2
40.40
62.2
60.8
5.0
34.0
86.7
—
0.4
26.00
74.00
0.00
0.11
0.26
0.15
0.36
—
-0.48
0.02
—
42.7
10.40
35.50
8.70
14.40
18.9
52.0
—
—
—
—
—
—
—
Hospira Inc (HSP US) - Standardized
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Total Assets
+ Cash, Cash Equivalents & STI C&CE_AND_ST 0.0 0.0 200.1
+ Cash & Cash Equivalents BS_CASH_NE 0.0 0.0 127.7
+ ST Investments BS_MKT_SEC 0.0 0.0 72.4
+ Accounts & Notes Receiv BS_ACCT_NO 319.4 315.6 326.4
+ Accounts Receivable, Net BS_ACCTS_R — — 326.4
+ Notes Receivable, Net NOTES_RECE — — —
+ Inventories BS_INVENTOR 488.9 609.3 518.3
+ Raw Materials INVTRY_RAW 143.5 168.6 117.9
+ Work In Process INVTRY_IN_ 90.5 124.6 70.3
+ Finished Goods INVTRY_FIN 254.8 316.1 330.1
+ Other Inventory BS_OTHER_I 0.0 0.0 0.0
+ Other ST Assets OTHER_CURR 174.2 150.5 153.5
+ Prepaid Expenses BS_PREPAY — — —
+ Derivative & Hedging Assets BS_DERIV_& — — —
+ Assets Held-for-Sale BS_ASSETS_ — — —
+ Deferred Tax Assets BS_DEFERRE — — —
+ Misc ST Assets BS_OTHER_C — — —
Total Current Assets BS_CUR_ASS 982.5 1,075.4 1,198.3
+ Property, Plant & Equip, Net BS_NET_FIX_ 833.2 855.3 946.3
+ Property, Plant & Equip BS_GROSS_F 1,900.6 2,009.2 2,173.9
- Accumulated Depreciation BS_ACCUM_D 1,067.4 1,153.9 1,227.6
+ LT Investments & Receivables BS_LT_INVES 0.0 0.0 —
+ LT Investments BS_LONG_TE — — —
+ Other LT Assets BS_OTHER_A 338.2 319.5 198.2
+ Total Intangible Assets BS_DISCLOSE 90.9 86.3 82.0
+ Goodwill BS_GOODWIL 81.0 81.0 81.0
+ Other Intangible Assets OTHER_INTA 9.9 5.3 1.1
+ Misc LT Assets OTHER_NONC 247.3 233.1 116.1
Total Noncurrent Assets BS_TOT_NON 1,171.4 1,174.7 1,144.5
Total Assets BS_TOT_ASS 2,153.9 2,250.2 2,342.8
Liabilities & Shareholders' Equity

+ Payables & Accruals ACCT_PAYAB 106.3 105.6 101.5
+ Accounts Payable BS_ACCT_PA 106.3 105.6 101.5
+ Accrued Taxes BS_TAXES_P — — —
+ Interest & Dividends Payable BS_INTEREST — — —
+ Other Payables & Accruals BS_ACCRUAL — — —
+ ST Debt BS_ST_BOR 0.0 0.0 0.0
+ ST Borrowings SHORT_TERM — — —
+ ST Finance Leases ST_CAPITAL_ — — —
+ Other ST Liabilities OTHER_CURR 304.3 254.0 434.7
+ Deferred Revenue ST_DEFERRE — — —
+ Derivatives & Hedging BS_DERIVATI — — —
+ Deferred Tax Liabilities BS_DEFERRE — — —
+ Misc ST Liabilities OTHER_CURR 304.3 254.0 434.7
Total Current Liabilities BS_CUR_LIA 410.7 359.6 536.2
+ LT Debt BS_LT_BORR 0.0 0.0 698.8
+ LT Borrowings LONG_TERM_ — — —
+ LT Finance Leases LT_CAPITAL_ — — —
+ Other LT Liabilities OTHER_NONC 409.4 437.1 123.8
+ Accrued Liabilities BS_ACCRUED_ — — —
+ Pension Liabilities PENSION_LIAB — — —
+ Deferred Revenue LT_DEFERRE — — —
+ Deferred Tax Liabilities BS_DEFERRED — — —
+ Misc LT Liabilities OTHER_NONC 409.4 437.1 123.8
Total Noncurrent Liabilities NON_CUR_LI 409.4 437.1 822.7
Total Liabilities BS_TOT_LIAB 820.0 796.7 1,358.9
+ Preferred Equity and Hybrid Capital BS_PFD_EQT 0.0 0.0 0.0
+ Share Capital & APIC BS_SH_CAP_ 1,395.3 1,480.9 792.8
+ Common Stock BS_COMMON — — —
+ Additional Paid in Capital BS_ADD_PAID — — —
- Treasury Stock BS_AMT_OF_ 0.0 0.0 0.0
+ Retained Earnings BS_PURE_RE 0.0 0.0 203.3
+ Other Equity OTHER_INS_ -61.53 -27.48 -12.23
Equity Before Minority Interest EQTY_BEF_MI 1,333.8 1,453.5 983.9
+ Minority/Non Controlling Interest MINORITY_N 0.0 0.0 0.0
Total Equity TOTAL_EQUI 1,333.8 1,453.5 983.9
Total Liabilities & Equity TOT_LIAB_A 2,153.9 2,250.2 2,342.8
Reference Items
Shares Outstanding BS_SH_OUT — — 157.0
Number of Treasury Shares BS_NUM_OF_ 0.0 0.0 0.0
Pension Obligations BS_PENSION — — 96.2
Future Minimum Operating Lease Obligatio BS_FUTURE_ — 139.0 159.3
Capital Leases - Total BS_TOTAL_CA — — —
Options Granted During Period BS_OPTIONS 2.4 2.8 10.8
Options Outstanding at Period End BS_OPTIONS 8.3 10.2 21.9
Net Debt NET_DEBT 0.0 0.0 498.7
Net Debt to Equity NET_DEBT_T 0.00 0.00 50.69
Tangible Common Equity Ratio TCE_RATIO 60.25 63.18 39.89
Current Ratio CUR_RATIO 2.39 2.99 2.23
Cash Conversion Cycle CASH_CONVE — 129.47 134.01
Cash Held Overseas BS_CASH_HE — — —
Number of Employees NUM_OF_EMP — 14,000.00 14,000.00
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
520.6 322.0 241.1 483.8 946.0 604.3 597.5

520.6 322.0 241.1 483.8 946.0 604.3 597.5
0.0 0.0 0.0 — 0.0 0.0 0.0
327.1 335.3 559.0 583.4 498.1 605.0 639.9
327.1 335.3 559.0 583.4 498.1 605.0 639.9
— — — — 0.0 0.0 0.0
510.3 626.9 766.6 830.5 755.4 955.5 1,027.0
138.0 135.3 173.0 189.8 206.2 266.1 289.4
71.4 85.8 128.2 130.6 143.9 194.3 259.4
300.9 405.8 465.4 510.1 405.3 495.1 478.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0
203.1 238.6 274.3 251.6 326.7 312.7 306.3
— — — — 34.3 43.6 45.9
— — — — 6.0 2.6 5.4
— — — — 65.0 0.0 0.0
— — — — 185.9 165.2 174.4
— — — — 35.5 101.3 80.6
1,561.2 1,522.9 1,841.0 2,149.3 2,526.2 2,477.5 2,570.7
990.8 1,039.4 1,276.9 1,192.1 1,147.8 1,279.2 1,355.0
2,181.0 2,273.1 2,620.2 2,540.5 2,465.2 2,690.2 2,842.0
1,190.2 1,233.7 1,343.3 1,348.4 1,317.4 1,411.0 1,487.0
0.0 31.3 23.7 37.6 49.3 64.7 48.7
— — — — 49.3 64.7 48.7
237.2 253.9 1,943.0 1,695.1 1,779.6 2,224.9 1,804.7
104.1 109.0 1,794.8 1,571.8 1,649.9 1,998.9 1,438.7
89.2 91.9 1,240.9 1,167.4 1,243.4 1,471.2 1,082.9
14.9 17.1 554.0 404.4 406.5 527.7 355.8
— — — — 54.5 161.0 232.2
— — — — 1.9 1.3 0.0
133.1 145.0 148.1 123.3 73.3 63.7 133.8
1,228.0 1,324.7 3,243.6 2,924.8 2,976.7 3,568.8 3,208.4
2,789.2 2,847.6 5,084.7 5,074.1 5,502.9 6,046.3 5,779.1
129.9 131.0 190.3 231.5 842.9 895.5 809.9

129.9 131.0 190.3 231.5 229.5 320.7 241.3
— — — — 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
— — — — 613.4 574.8 568.6
2.6 4.5 58.5 338.3 23.6 33.5 36.6
— — — — 23.6 33.5 36.6
— — — — 0.0 0.0 0.0
463.8 470.7 545.5 477.7 15.4 2.6 1.3
— — — — 0.0 0.0 0.0
— — — — 1.4 2.5 1.3
— — — — 0.1 0.1 —
463.8 470.7 545.5 477.7 13.9 0.0 0.0
596.2 606.2 794.3 1,047.5 881.9 931.6 847.8
695.3 702.0 2,184.4 1,834.0 1,707.3 1,714.4 1,711.9
— — — — 1,707.3 1,714.4 1,711.9
— — — — 0.0 0.0 0.0
169.8 178.2 360.8 416.2 290.0 216.8 281.4
— — — — 0.0 0.0 0.0
— — — — 271.4 212.4 275.7
— — — — 0.0 0.0 0.0
— — — — 18.6 4.4 5.7
— — — — 0.0 0.0 0.0
169.8 178.2 360.8 416.2 0.0 0.0 0.0
865.1 880.3 2,545.2 2,250.2 1,997.3 1,931.2 1,993.3
1,461.3 1,486.5 3,339.4 3,297.7 2,879.2 2,862.8 2,841.1
0.0 0.0 0.0 0.0 0.0 0.0 0.0
945.2 1,035.0 1,161.9 2,471.8 1,411.2 1,643.7 1,748.2
— — — — 1.7 1.8 1.8
— — — — 1,409.5 1,641.9 1,746.4
0.0 299.8 299.8 299.8 299.8 399.8 599.8
439.0 676.6 815.5 1,136.2 1,540.1 1,897.3 1,887.9
-56.29 -50.76 67.64 -1,531.80 -27.80 42.30 -98.30
1,327.9 1,361.1 1,745.2 1,776.4 2,623.7 3,183.5 2,938.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
1,327.9 1,361.1 1,745.2 1,776.4 2,623.7 3,183.5 2,938.0
2,789.2 2,847.6 5,084.7 5,074.1 5,502.9 6,046.3 5,779.1

161.7 161.7 158.6 159.6 163.5 166.7 164.7
0.0 7.6 — 7.6 7.6 9.2 —
165.8 175.3 310.1 391.0 271.4 212.4 275.7
157.9 177.2 168.1 98.1 98.5 137.9 147.0
— — — — 0.0 0.0 0.0
3.5 2.8 3.1 — 3.8 2.4 2.1
13.1 13.6 13.1 14.1 13.1 9.6 9.9
177.3 384.5 2,001.8 1,688.5 784.9 1,143.6 1,151.0
13.35 28.25 114.70 95.05 29.92 35.92 39.18
45.58 45.72 -1.51 5.84 25.27 29.27 34.54
2.62 2.51 2.32 2.05 2.86 2.66 3.03
127.14 138.10 135.50 151.71 134.50 142.76 154.49
— — — — — — —
13,000.00 13,000.00 14,000.00 14,500.00 13,500.00 14,000.00 15,000.00
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
772.1 798.1 802.4

772.1 798.1 802.4
0.0 0.0 0.0
646.9 574.3 601.9
646.9 574.3 601.9
0.0 0.0 0.0
997.8 1,066.2 1,133.3
290.0 329.8 286.9
262.2 294.1 324.7
445.6 442.3 521.7
0.0 0.0 0.0
343.6 399.9 416.6
53.9 90.0 69.3
0.6 2.8 3.0
0.0 — —
214.4 208.6 230.0
74.7 98.5 114.3
2,760.4 2,838.5 2,954.2
1,445.1 1,574.2 1,816.7
3,067.5 3,286.2 3,607.2
1,622.4 1,712.0 1,790.5
71.8 33.1 252.2
71.8 33.1 252.2
1,811.3 1,733.1 1,626.9
1,345.9 1,229.9 1,212.5
1,079.1 1,057.7 1,089.1
266.8 172.2 123.4
296.8 358.9 295.4
0.0 0.0 0.0
168.6 144.3 119.0
3,328.2 3,340.4 3,695.8
6,088.6 6,178.9 6,650.0
999.4 1,071.3 1,292.7

276.0 329.2 414.5
0.0 0.0 0.0
0.0 0.0 0.0
723.4 742.1 878.2
28.9 93.7 6.8
28.9 93.7 6.8
0.0 0.0 0.0
0.9 0.1 0.6
0.0 0.0 0.0
0.9 0.1 0.6
— — —
0.0 0.0 0.0
1,029.2 1,165.1 1,300.1
1,706.8 1,747.0 1,749.2
1,706.8 1,747.0 1,749.2
0.0 0.0 0.0
310.9 304.9 264.1
0.0 0.0 0.0
306.5 301.7 258.7
0.0 0.0 0.0
4.4 3.2 5.4
0.0 0.0 0.0
0.0 0.0 0.0
2,017.7 2,051.9 2,013.3
3,046.9 3,217.0 3,313.4
0.0 0.0 0.0
1,792.6 1,839.9 2,046.3
1.8 1.8 1.8
1,790.8 1,838.1 2,044.5
599.8 599.8 599.8
1,932.1 1,923.8 2,257.0
-83.20 -202.00 -366.90
3,041.7 2,961.9 3,336.6
0.0 0.0 0.0
3,041.7 2,961.9 3,336.6
6,088.6 6,178.9 6,650.0

165.3 166.0 170.4
— — —
306.5 301.7 258.7
133.5 134.6 158.4
0.0 0.0 0.0
3.0 1.8 1.5
11.7 11.5 8.0
963.6 1,042.6 953.6
31.68 35.20 28.58
35.76 35.00 39.06
2.68 2.44 2.27
149.85 147.65 141.51
— 353.0 305.0
16,000.00 17,000.00 19,000.00
12 Months Ending 12/31/2004 12/31/2005 12/31/2006
Balance Sheet
Current Assets
Cash and Equivalents ARD_CASH_A 127.7 520.6 322.0
Accounts Receivable - Trade ARD_ACCTS_ 326.4 327.1 335.3
Inventories ARD_INVENT 518.3 510.3 626.9
Prepaid Expenses (Short-Term) ARD_PREPAI — — —
Prepaid Expenses and Other ARD_PREPAI 37.2 59.0 98.6
Deferred Income Tax Asset (Short-Term) ARD_DEFERR 116.3 144.1 139.9
Assets Held For Sale ARD_ASSETS — — —
Allowance For Doubtful Accounts ARD_ALLOW_ 16.1 16.9 13.7
Other Receivables (Short-Term) ARD_OTHER_ — — —
Marketable Securities ARD_MARKET 72.4 — —
Supplies and Materials ARD_SUPPLI — 138.0 —
Finished Goods ARD_FINISH 330.1 300.9 405.8
Work In Progress ARD_WORK_I 70.3 71.4 85.8
Raw Materials ARD_RAW_MA 117.9 — 135.3
Total Current Assets ARD_TOTAL_ 1,198.3 1,561.2 1,522.9
Noncurrent Assets
Long Term Investments ARD_LT_INVE — — 31.3
Property Plant & Equipment - Net ARD_PROPER 946.3 990.8 1,039.4
Deferred Income Tax Asset (Long-Term) ARD_DEFERR — 17.7 76.4
Other Intangible Assets ARD_OTHER_ 1.1 14.9 17.1
Goodwill ARD_GOODW 81.0 89.2 91.9
Other Noncurrent Assets ARD_OTHER_ 116.1 115.4 68.6
Property Plant & Equipment - Gross ARD_PROPER 2,173.9 2,181.0 2,273.1
Accumulated Depreciation ARD_ACCUMU 1,227.6 1,190.2 1,233.7
Total Assets ARD_TOT_AS 2,342.8 2,789.2 2,847.6
Current Liabilities
Accounts Payable - Trade ARD_ACCOUN 101.5 129.9 131.0
Short-Term Borrowings ARD_ST_BO — 2.6 4.5
Accrued Compensation/Postretirement ObliARD_ACC_CO 77.9 107.6 102.0
Accrued Expenses ARD_ACCRUE 190.7 277.1 —
Accrued Expenses and Other ARD_ACCRUE — — 368.7
Other Current Liabilities ARD_OTHER_C — 79.1 —
Deferred Income Tax Liability (Short-Term) ARD_DEF_IN — — —
Due To Parties/Affiliates ARD_DUE_TO_ 166.0 — —
Total Current Liabilities ARD_TOTAL_C 536.2 596.2 606.2
Non Current Liabilities
Long Term Debt ARD_LT_DEB 698.8 695.3 702.0
Deferred Income Taxes (Liabilities) ARD_DEFERR 4.6 4.0 2.9
Pension/Postretirement Liabilities ARD_PENSIO 96.2 165.8 175.3
Other Noncurrent Liabilities ARD_OTH_NON 23.1 — —
Stockholder Equity
Preferred Stock ARD_PREFER — — —
Common Stock ARD_COMMO 1.6 1.6 1.6
Additional Paid In Capital ARD_ADDITIO 791.3 943.6 1,033.3
Treasury Stock (Amount) ARD_TREASU — — -299.8
Accumulated Other Comprehensive IncomeARD_ACC_OT -12.1 -56.0 -50.8
Retained Earnings (Accumulated Deficit) ARD_RETAIN 203.3 439.0 676.6
Total Shareholders Equity ARD_TOTAL_ 983.9 1,327.9 1,361.1
Deferred Compensation (Stockholders EquitARD_DEFERR -0.1 -0.3 —
Par Value ARD_PAR_VA 0.01 — —
Total Liabilities and Shareholders EquityARD_TOT_LI 2,342.8 2,789.2 2,847.6
Reference Items
Inventories ARDR_INVEN — — —
Land ARDR_LAND 30.9 29.9 30.6
Buildings ARDR_BUILD 372.4 390.8 418.3
Construction In Progress ARDR_CONST 174.8 198.1 172.1
Furniture/Machinery/Equipment ARDR_FURNI 1,173.7 1,195.9 1,334.4
Property Plant & Equipment - Gross ARDR_PROPE 2,173.9 2,181.0 2,273.1
Accumulated Depreciation ARDR_ACCUM 1,227.6 1,190.2 1,233.7
Property Plant & Equipment - Net ARDR_PROPE 946.3 990.8 1,039.4
Other Intangible Assets ARDR_OTHER — 14.9 —
Goodwill ARDR_GOOD — 89.2 —
Patents/Trademarks/Copyrights ARDR_PATEN — — —
Pension/Postretirement Liabilities ARDR_PENSI 71.5 109.6 127.2
Common Stock ARDR_COMM 1.6 1.6 1.6
Additional Paid In Capital ARDR_ADDITI 791.3 943.6 1,033.3
Treasury Stock (Amount) ARDR_TREAS — — -299.8
Deferred Compensation (Stockholder EquityARDR_DEFER -0.1 -0.3 —
Accumulated Other Comprehensive IncomeARDR_ACC_O -12.1 -56.0 -50.8
Retained Earnings (Accumulated Deficit) ARDR_RETAI 203.3 439.0 676.6
Shares Outstanding ARDR_SHARE 157.0 161.7 161.7
Par Value ARDR_PAR_V — 0.01 0.01
Treasury Shares (Number) ARDR_TREAS — — 7.6
Raw Materials ARDR_RAW_M — — —
Work In Progress ARDR_WORK_ — — —
Finished Goods ARDR_FINIS — — —
Shares Issued ARDR_SHARE — — —
Other Gross Fixed Assets ARDR_OTHER 422.0 366.3 317.7
Total Line of Credit ARDR_TOTAL 375.0 375.0 375.0
Total Available Line of Credit ARDR_TOTAL_ — — 375.0
Future Minimum Operating Lease Obligatio ARDR_FUT_M 159.3 157.9 177.2
Current Rental Expense ARDR_CURRE 23.2 24.6 22.1
Rental Expense - Year 1 ARDR_RENTA 20.9 23.4 26.8
Rental Expense - Beyond Year 5 ARDR_RENTA 74.9 60.6 62.6
Allowance For Doubtful Accounts ARDR_ALLOW — — —
Total Shareholders Equity ARDR_TOTAL 983.9 1,327.9 1,361.1
Derivative Assets Short-Term ARDR_DERIV — — —
Derivative Assets (Long-Term) ARDR_DERIVA — — —
Number of Employees ARDR_NUMB — — —
Shares Outstanding From The Front Cover ARDR_SHARE 157.1 162.3 156.0
Customer Lists/Contracts ARDR_CUSTO — — —
Accumulated Amortization Intangible AssetsARDR_ACCCU — — —
Options Granted During Period ARDR_OPTIO 10.8 3.5 2.8
Options Outstanding End Period ARDR_OPTIO 21.9 13.1 13.6
Options Exercised During the Period ARDR_OPTIO — — —
Purchase Obligations ARDR_PURCH 394.3 423.0 368.5
Debt Schedule In Yr 1 ARDR_DEBT_ 38.5 41.1 43.4
Debt Schedule In Yr 3 ARDR_DEBT_ — — —
Debt Schedule Thereafter ARDR_DEBT_ 518.0 483.5 462.4
Debt Schedule - Total Debt ARDR_DEBT_ 1,010.3 960.7 931.9
Debt Schedule - Total Long Term Debt ARDR_DEBT_ — — —
Number of Common Shares Repurchased ARDR_COMM — — —
Fair Value Assets Recur - Level 1 ARDR_FV_AS — — —
Fair Value Assets Recur - Total ARDR_FV_AS — — —
Fair Value Liab Recur - Level 1 ARDR_FV_LI — — —
Fair Value Liab Recur - Total ARDR_FV_LI — — —
ARDR Options Cancelled or Forfeited ARDR_OPTIO — — —
Contractual Obligations - Year 1 ARDR_CONTR 609.6 602.2 426.2
Contractual Obligations Years - 2 & 3 ARDR_CONTR 247.6 158.1 463.5
Contractual Obligations Years - 4 & 5 ARDR_CONTR 406.9 390.0 88.8
Contractual Obligations - Beyond Year 5 ARDR_CONT_ 592.9 544.1 525.0
Total Contractual Obligations ARDR_CONTR 1,857.0 1,694.4 1,503.5
Fixed Charge Coverage Ratio ARDR_FIXED — — —
Fair Value of Derivatives Net ARDR_FAIR_V — — —
Debt Schedule - Years 2 - 3 ARDR_DEBT_ 76.9 81.1 376.7
Debt Schedule - Years 4 - 5 ARDR_DEBT_ 376.9 355.0 49.4
Weighted Average Cost of Options GrantedARDR_WEI_A — — —
Stock Opt Valuation - Risk Free Rate (%) ARDR_STOCK — — —
Stock Opt Valuation - Expected Life (Yrs) ARDR_STOCK — — —
Stock Opt Valuation - Expected Volatil (%) ARDR_STOCK — — —
Stock Opt Valuation - Dividend Yield (%) ARDR_STOCK — — —
Avg Exercise Price (Options Exercisable) ARDR_AVG_E — — —
Avg Exercise Price (Options Outstanding) ARDR_AVG_E — — —
Options Exercisable End of Period ARDR_OPTIO — — —
Shares Authorized for Repurchase Amount ARDR_SHARE — — —
Remaining Shares Auth for Repurchase AmARDR_REMAI — — —
Options at Beginning of Period ARDR_OPTIO — — —
Options Adjustment ARDR_OPTIO — — —
Average Price per Share Repurchased ARDR_AVG_P — — —
Unremitted Earnings ARDR_UNREM — — —
As Reported Data Reference Restricted StoARDR_RESTR — — —
ARDR Restricted Stock Unit WAvg FV PS ARDR_RSTR_ — — —
As Reported Data Reference Cash Held OvARDR_CASH_ — — —
ARDR Number Shares Repurchased RepurARDR_#_SHS — — —
Prepaid Pensions/Postretirement Benefits ARDR_PREPA — 1.6 —
Pension & Post Retirement Assets (CurrentARDR_PENSI 21.8 4.1 3.1
Source: Bloomberg
FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013
12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013
241.1 483.8 946.0 604.3 597.5 772.1 798.1

559.0 583.4 498.1 605.0 639.9 646.9 574.3
766.6 830.5 755.4 955.5 1,027.0 997.8 1,066.2
— — 34.3 43.6 45.9 53.9 90.0
97.6 35.7 — — — — —
176.7 172.2 185.9 165.2 174.4 214.4 208.6
— — 65.0 — — — —
14.1 6.7 6.2 8.2 15.7 12.7 11.2
— 43.7 41.5 103.9 86.0 75.3 101.3
— — — — — — —
— — — — — — —
465.4 — — — — — —
128.2 — — — — — —
173.0 — — — — — —
1,841.0 2,149.3 2,526.2 2,477.5 2,570.7 2,760.4 2,838.5
23.7 37.6 49.3 64.7 48.7 71.8 33.1

1,276.9 1,192.1 1,147.8 1,279.2 1,355.0 1,445.1 1,574.2
79.4 70.1 54.5 161.0 232.2 296.8 358.9
554.0 404.4 406.5 527.7 355.8 266.8 172.2
1,240.9 1,167.4 1,243.4 1,471.2 1,082.9 1,079.1 1,057.7
68.7 53.2 75.2 65.0 133.8 168.6 144.3
2,620.2 — — — — — —
1,343.3 — — — — — —
5,084.7 5,074.1 5,502.9 6,046.3 5,779.1 6,088.6 6,178.9
190.3 231.5 229.5 320.7 241.3 276.0 329.2

58.5 338.3 23.6 33.5 36.6 28.9 93.7
143.6 144.7 176.5 136.0 113.0 144.0 185.4
— — 438.3 441.3 456.9 580.3 556.8
393.5 331.5 — — — — —
— — 13.9 — — — —
8.4 1.5 0.1 0.1 — — —
— — — — — — —
794.3 1,047.5 881.9 931.6 847.8 1,029.2 1,165.1
2,184.4 1,834.0 1,707.3 1,714.4 1,711.9 1,706.8 1,747.0

50.7 25.2 18.6 4.4 5.7 4.4 3.2
310.1 391.0 271.4 212.4 275.7 306.5 301.7
— — — — — — —
— — 0.0 0.0 — — —
1.7 1.7 1.7 1.8 1.8 1.8 1.8
1,160.2 1,234.2 1,409.5 1,641.9 1,746.4 1,790.8 1,838.1
-299.8 -299.8 -299.8 -399.8 -599.8 -599.8 -599.8
67.6 -295.9 -27.8 42.3 -98.3 -83.2 -202.0
815.5 1,136.2 1,540.1 1,897.3 1,887.9 1,932.1 1,923.8
1,745.2 1,776.4 2,623.7 3,183.5 2,938.0 3,041.7 2,961.9
— — — — — — —
— — — — — — —
5,084.7 5,074.1 5,502.9 6,046.3 5,779.1 6,088.6 6,178.9
— 830.5 755.4 955.5 1,027.0 997.8 1,066.2

52.6 51.3 44.2 56.9 52.8 52.7 50.5
509.4 498.1 490.5 532.4 538.2 547.4 604.0
144.7 106.7 117.2 172.5 257.1 394.9 526.5
1,587.9 1,593.5 1,557.1 1,690.4 1,767.4 1,829.8 1,872.2
2,620.2 2,540.5 2,465.2 2,690.2 2,842.0 3,067.5 3,286.2
1,343.3 1,348.4 1,317.4 1,411.0 1,487.0 1,622.4 1,712.0
1,276.9 1,192.1 1,147.8 1,279.2 1,355.0 1,445.1 1,574.2
554.0 404.4 20.4 91.1 27.5 25.7 28.4
— 1,167.4 1,243.4 1,471.2 1,082.9 1,079.1 1,057.7
— — — 415.8 311.7 — —
140.6 200.6 58.6 89.3 151.7 — —
1.7 1.7 1.7 1.8 1.8 1.8 1.8
1,160.2 1,234.2 1,409.5 1,641.9 1,746.4 1,790.8 1,838.1
-299.8 -299.8 -299.8 -399.8 -599.8 -599.8 -599.8
— — — — — — —
67.6 -295.9 -27.8 42.3 -98.3 -83.2 -202.0
815.5 1,136.2 1,540.1 1,897.3 1,887.9 1,932.1 1,923.8
158.6 159.6 163.5 166.7 164.7 165.3 166.0
0.01 0.01 0.01 0.01 0.01 0.01 0.01
— 7.6 7.6 — — — —
— 189.8 206.2 266.1 289.4 290.0 329.8
— 130.6 143.9 194.3 259.4 262.2 294.1
— 510.1 405.3 495.1 478.2 445.6 442.3
— 167.2 171.1 175.9 — — —
325.6 290.9 256.2 238.0 226.5 242.7 233.0
375.0 375.0 700.0 700.0 700.0 1,000.0 1,000.0
375.0 375.0 700.0 700.0 700.0 1,000.0 638.0
168.1 98.1 98.5 137.9 147.0 133.5 134.6
26.9 26.3 30.0 27.3 32.7 41.2 31.1
32.4 30.1 22.1 29.8 33.9 36.6 31.1
29.7 16.0 18.9 27.0 29.0 29.8 25.8
23.7 14.2 14.5 21.1 21.9 23.2 20.9
22.1 12.8 10.6 17.7 16.3 16.5 15.5
20.7 13.1 9.4 14.3 14.8 13.1 14.1
39.6 11.9 23.0 28.0 31.1 14.3 27.2
— — 6.2 8.2 8.2 12.7 11.2
1,745.2 1,776.4 2,623.7 3,183.5 2,938.0 3,041.7 2,961.9
— — 6.0 2.6 5.4 0.6 2.8
— — 1.9 1.3 — — —
— — — — — — —
158.7 159.6 163.9 166.6 164.7 165.4 166.5
— — 20.5 20.8 16.6 5.9 4.1
— — 172.4 262.9 339.2 410.6 453.4
3.1 2.5 3.8 2.4 2.1 3.0 1.8
13.1 14.1 13.1 9.6 9.9 11.7 11.5
— — 4.0 5.1 1.5 0.4 0.7
423.1 — 1,374.3 568.0 534.2 858.8 659.9
187.5 446.1 22.6 29.0 29.8 22.1 93.7
— — 500.0 400.0 0.0 — 1.6
— — — — 400.0 250.0 0.0
— — 400.0 254.5 253.0 550.0 550.0
1,137.8 1,079.5 803.9 1,050.0 1,050.0 500.0 1,200.0
2,932.5 2,707.6 1,730.9 1,747.9 1,748.5 1,735.7 1,840.7
— — 1,708.3 1,718.9 1,718.7 1,713.6 -1,747.0
— — 0.2 1.9 3.9 0.0 0.0
— 6.1 12.7 21.9 7.8 5.9 3.8
— — 7.9 3.9 5.4 0.6 2.8
— — — — — 0.0 0.0
— 6.1 20.6 25.8 13.2 6.5 6.6
— — 0.0 0.0 — 0.0 0.0
— 12.7 1.4 2.5 1.3 0.9 0.1
— — 0.0 0.0 — 0.0 0.0
— 12.7 1.4 2.5 1.3 0.9 0.1
— — 0.7 0.8 0.3 0.8 1.2
630.3 892.1 886.4 704.1 691.2 896.2 871.1
1,173.8 815.0 1,224.4 390.8 766.0 1,141.0 436.9
757.0 729.3 846.8 885.5 459.8 707.8 752.3
1,189.8 1,124.4 926.2 1,823.8 1,739.7 1,124.8 1,296.1
3,750.9 3,560.8 3,883.8 3,804.2 3,656.7 3,869.8 3,356.4
— — 4.10 4.30 0.70 0.50 —
— — 6.5 -3.4 -6.7 -1.5 -2.8
949.5 552.4 — — — — —
657.7 629.6 — — — — —
— 11.64 6.54 14.21 14.08 10.01 8.53
— 2.30 1.90 1.90 2.00 0.80 0.90
— 4.50 4.40 4.50 4.80 4.80 5.10
— 28.00 30.20 30.20 29.30 31.30 30.40
— 0.00 0.00 0.00 0.00 0.00 0.00
— — 36.63 38.04 38.84 38.75 40.28
— — 33.87 37.68 40.76 39.67 38.54
— 9.3 7.2 4.8 5.7 7.1 7.2
— — 400.0 500.0 1,000.0 1,200.0 1,200.0
— — 100.2 0.0 800.0 800.0 800.0
— — 14.1 13.1 9.6 9.9 11.7
— — — — — — —
— — 43.06 54.60 56.14 33.59 35.83
— — 1,036.9 1,348.5 1,700.0 1,800.0 1,900.0
— — 0.2 0.2 9.9 0.4 1.4
— — 36.24 41.13 40.76 42.34 31.83
— — — — — — 353.0
— — 0.0 1.6 3.9 0.0 0.0
— — — — — — —
5.1 — — — — — —
FY 2014
12/31/2014
802.4
601.9
1,133.3
69.3
—
230.0
—
9.6
117.3
—
—
—
—
—
2,954.2
252.2
1,816.7
295.4
123.4
1,089.1
119.0
—
—
6,650.0
414.5
6.8
252.0
626.8
—
—
—
—
1,300.1
1,749.2
5.4
258.7
—
—
1.8
2,044.5
-599.8
-366.9
2,257.0
3,336.6
—
—
6,650.0
1,133.3
88.0
647.1
644.1
2,026.9
3,607.2
1,790.5
1,816.7
25.9
1,089.1
—
—
1.8
2,044.5
-599.8
—
-366.9
2,257.0
170.4
0.01
—
286.9
324.7
521.7
—
201.1
1,000.0
1,000.0
158.4
42.0
37.8
29.4
20.8
14.1
12.1
44.2
9.6
3,336.6
3.0
—
19,000.00
171.1
1.0
—
1.5
8.0
4.3
994.7
6.8
3.3
550.0
0.0
1,200.0
1,756.0
-1,749.2
0.0
6.7
190.9
0.0
197.6
0.0
0.6
0.0
0.6
0.7
1,079.5
942.8
178.5
1,931.6
4,132.4
—
-3.1
—
—
11.37
1.50
4.70
27.70
0.00
41.78
39.74
4.1
1,000.0
800.0
11.5
0.0
49.31
2,100.0
1.8
37.85
305.0
0.0
—
—
Hospira Inc (HSP US) - Common Size
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Total Assets
+ Cash, Cash Equivalents & STI C&CE_AND_ST 0.0 0.0 8.5
+ Cash & Cash Equivalents BS_CASH_NE 0.0 0.0 5.5
+ ST Investments BS_MKT_SEC 0.0 0.0 3.1
+ Accounts & Notes Receiv BS_ACCT_NO 14.8 14.0 13.9
+ Accounts Receivable, Net BS_ACCTS_R — — 13.9
+ Notes Receivable, Net NOTES_RECE — — —
+ Inventories BS_INVENTOR 22.7 27.1 22.1
+ Raw Materials INVTRY_RAW 6.7 7.5 5.0
+ Work In Process INVTRY_IN_ 4.2 5.5 3.0
+ Finished Goods INVTRY_FIN 11.8 14.0 14.1
+ Other Inventory BS_OTHER_I 0.0 0.0 0.0
+ Other ST Assets OTHER_CURR 8.1 6.7 6.6
+ Prepaid Expenses BS_PREPAY — — —
+ Assets Held-for-Sale BS_ASSETS_ — — —
+ Misc ST Assets BS_OTHER_C — — —
Total Current Assets BS_CUR_ASS 45.6 47.8 51.1
+ Property, Plant & Equip, Net BS_NET_FIX_ 38.7 38.0 40.4
+ Property, Plant & Equip BS_GROSS_F 88.2 89.3 92.8
- Accumulated Depreciation BS_ACCUM_D 49.6 51.3 52.4
+ LT Investments & Receivables BS_LT_INVES 0.0 0.0 —
+ LT Investments BS_LONG_TE — — —
+ Other LT Assets BS_OTHER_A 15.7 14.2 8.5
+ Total Intangible Assets BS_DISCLOSE 4.2 3.8 3.5
+ Goodwill BS_GOODWIL 3.8 3.6 3.5
+ Other Intangible Assets OTHER_INTA 0.5 0.2 0.0
+ Misc LT Assets OTHER_NONC 11.5 10.4 5.0
Total Noncurrent Assets BS_TOT_NON 54.4 52.2 48.9
Total Assets BS_TOT_ASS 100.0 100.0 100.0
Liabilities & Shareholders' Equity

+ Payables & Accruals ACCT_PAYAB 4.9 4.7 4.3
+ Accounts Payable BS_ACCT_PA 4.9 4.7 4.3
+ Accrued Taxes BS_TAXES_P — — —
+ Interest & Dividends Payable BS_INTEREST — — —
+ Other Payables & Accruals BS_ACCRUAL — — —
+ ST Debt BS_ST_BOR 0.0 0.0 0.0
+ ST Borrowings SHORT_TERM — — —
+ ST Finance Leases ST_CAPITAL_ — — —
+ Other ST Liabilities OTHER_CURR 14.1 11.3 18.6
+ Deferred Revenue ST_DEFERRE — — —
+ Deferred Tax Liabilities BS_DEFERRE — — —
+ Misc ST Liabilities OTHER_CURR 14.1 11.3 18.6
Total Current Liabilities BS_CUR_LIA 19.1 16.0 22.9
+ LT Debt BS_LT_BORR 0.0 0.0 29.8
+ LT Borrowings LONG_TERM_ — — —
+ LT Finance Leases LT_CAPITAL_ — — —
+ Other LT Liabilities OTHER_NONC 19.0 19.4 5.3
+ Accrued Liabilities BS_ACCRUED_ — — —
+ Pension Liabilities PENSION_LIAB — — —
+ Deferred Revenue LT_DEFERRE — — —
+ Deferred Tax Liabilities BS_DEFERRED — — —
+ Misc LT Liabilities OTHER_NONC 19.0 19.4 5.3
Total Noncurrent Liabilities NON_CUR_LI 19.0 19.4 35.1
Total Liabilities BS_TOT_LIAB 38.1 35.4 58.0
+ Preferred Equity and Hybrid Capital BS_PFD_EQT 0.0 0.0 0.0
+ Share Capital & APIC BS_SH_CAP_ 64.8 65.8 33.8
+ Common Stock BS_COMMON — — —
+ Additional Paid in Capital BS_ADD_PAID — — —
- Treasury Stock BS_AMT_OF_ 0.0 0.0 0.0
+ Retained Earnings BS_PURE_RE 0.0 0.0 8.7
+ Other Equity OTHER_INS_ -2.9 -1.2 -0.5
Equity Before Minority Interest EQTY_BEF_MI 61.9 64.6 42.0
+ Minority/Non Controlling Interest MINORITY_N 0.0 0.0 0.0
Total Equity TOTAL_EQUI 61.9 64.6 42.0
Total Liabilities & Equity TOT_LIAB_A 100.0 100.0 100.0
Reference Items
Number of Treasury Shares BS_NUM_OF_ 0.0 0.0 0.0
Pension Obligations BS_PENSION — — 4.1
Future Minimum Operating Lease Obligatio BS_FUTURE_ — 6.2 6.8
Capital Leases - Total BS_TOTAL_CA — — —
Options Outstanding at Period End BS_OPTIONS 0.4 0.5 0.9
Net Debt to Equity NET_DEBT_T 0.0 0.0 2.2
Tangible Common Equity Ratio TCE_RATIO 2.8 2.8 1.7
Cash Held Overseas BS_CASH_HE — — —
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
2,789.2 2,847.6 5,084.7 5,074.1 5,502.9 6,046.3 5,779.1
18.7 11.3 4.7 9.5 17.2 10.0 10.3

18.7 11.3 4.7 9.5 17.2 10.0 10.3
0.0 0.0 0.0 — 0.0 0.0 0.0
11.7 11.8 11.0 11.5 9.1 10.0 11.1
11.7 11.8 11.0 11.5 9.1 10.0 11.1
— — — — 0.0 0.0 0.0
18.3 22.0 15.1 16.4 13.7 15.8 17.8
4.9 4.8 3.4 3.7 3.7 4.4 5.0
2.6 3.0 2.5 2.6 2.6 3.2 4.5
10.8 14.2 9.2 10.1 7.4 8.2 8.3
0.0 0.0 0.0 0.0 0.0 0.0 0.0
7.3 8.4 5.4 5.0 5.9 5.2 5.3
— — — — 0.6 0.7 0.8
— — — — 0.1 0.0 0.1
— — — — 1.2 0.0 0.0
— — — — 3.4 2.7 3.0
— — — — 0.6 1.7 1.4
56.0 53.5 36.2 42.4 45.9 41.0 44.5
35.5 36.5 25.1 23.5 20.9 21.2 23.4
78.2 79.8 51.5 50.1 44.8 44.5 49.2
42.7 43.3 26.4 26.6 23.9 23.3 25.7
0.0 1.1 0.5 0.7 0.9 1.1 0.8
— — — — 0.9 1.1 0.8
8.5 8.9 38.2 33.4 32.3 36.8 31.2
3.7 3.8 35.3 31.0 30.0 33.1 24.9
3.2 3.2 24.4 23.0 22.6 24.3 18.7
0.5 0.6 10.9 8.0 7.4 8.7 6.2
— — — — 1.0 2.7 4.0
— — — — 0.0 0.0 0.0
4.8 5.1 2.9 2.4 1.3 1.1 2.3
44.0 46.5 63.8 57.6 54.1 59.0 55.5
100.0 100.0 100.0 100.0 100.0 100.0 100.0
4.7 4.6 3.7 4.6 15.3 14.8 14.0

4.7 4.6 3.7 4.6 4.2 5.3 4.2
— — — — 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
— — — — 11.1 9.5 9.8
0.1 0.2 1.2 6.7 0.4 0.6 0.6
— — — — 0.4 0.6 0.6
— — — — 0.0 0.0 0.0
16.6 16.5 10.7 9.4 0.3 0.0 0.0
— — — — 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
— — — — 0.0 0.0 —
16.6 16.5 10.7 9.4 0.3 0.0 0.0
21.4 21.3 15.6 20.6 16.0 15.4 14.7
24.9 24.7 43.0 36.1 31.0 28.4 29.6
— — — — 31.0 28.4 29.6
— — — — 0.0 0.0 0.0
6.1 6.3 7.1 8.2 5.3 3.6 4.9
— — — — 0.0 0.0 0.0
— — — — 4.9 3.5 4.8
— — — — 0.0 0.0 0.0
— — — — 0.3 0.1 0.1
— — — — 0.0 0.0 0.0
6.1 6.3 7.1 8.2 0.0 0.0 0.0
31.0 30.9 50.1 44.3 36.3 31.9 34.5
52.4 52.2 65.7 65.0 52.3 47.3 49.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0
33.9 36.3 22.9 48.7 25.6 27.2 30.3
— — — — 0.0 0.0 0.0
— — — — 25.6 27.2 30.2
0.0 10.5 5.9 5.9 5.4 6.6 10.4
15.7 23.8 16.0 22.4 28.0 31.4 32.7
-2.0 -1.8 1.3 -30.2 -0.5 0.7 -1.7
47.6 47.8 34.3 35.0 47.7 52.7 50.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
47.6 47.8 34.3 35.0 47.7 52.7 50.8
100.0 100.0 100.0 100.0 100.0 100.0 100.0

5.8 5.7 3.1 3.1 3.0 2.8 2.8
0.0 0.3 — 0.1 0.1 0.2 —
5.9 6.2 6.1 7.7 4.9 3.5 4.8
5.7 6.2 3.3 1.9 1.8 2.3 2.5
— — — — 0.0 0.0 0.0
0.1 0.1 0.1 — 0.1 0.0 0.0
0.5 0.5 0.3 0.3 0.2 0.2 0.2
6.4 13.5 39.4 33.3 14.3 18.9 19.9
0.5 1.0 2.3 1.9 0.5 0.6 0.7
1.6 1.6 0.0 0.1 0.5 0.5 0.6
0.1 0.1 0.0 0.0 0.1 0.0 0.1
4.6 4.8 2.7 3.0 2.4 2.4 2.7
— — — — — — —
13,000.0 13,000.0 14,000.0 14,500.0 13,500.0 14,000.0 15,000.0
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
6,088.6 6,178.9 6,650.0
12.7 12.9 12.1

12.7 12.9 12.1
0.0 0.0 0.0
10.6 9.3 9.1
10.6 9.3 9.1
0.0 0.0 0.0
16.4 17.3 17.0
4.8 5.3 4.3
4.3 4.8 4.9
7.3 7.2 7.8
0.0 0.0 0.0
5.6 6.5 6.3
0.9 1.5 1.0
0.0 0.0 0.0
0.0 — —
3.5 3.4 3.5
1.2 1.6 1.7
45.3 45.9 44.4
23.7 25.5 27.3
50.4 53.2 54.2
26.6 27.7 26.9
1.2 0.5 3.8
1.2 0.5 3.8
29.7 28.0 24.5
22.1 19.9 18.2
17.7 17.1 16.4
4.4 2.8 1.9
4.9 5.8 4.4
0.0 0.0 0.0
2.8 2.3 1.8
54.7 54.1 55.6
100.0 100.0 100.0
16.4 17.3 19.4

4.5 5.3 6.2
0.0 0.0 0.0
0.0 0.0 0.0
11.9 12.0 13.2
0.5 1.5 0.1
0.5 1.5 0.1
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
— — —
0.0 0.0 0.0
16.9 18.9 19.6
28.0 28.3 26.3
28.0 28.3 26.3
0.0 0.0 0.0
5.1 4.9 4.0
0.0 0.0 0.0
5.0 4.9 3.9
0.0 0.0 0.0
0.1 0.1 0.1
0.0 0.0 0.0
0.0 0.0 0.0
33.1 33.2 30.3
50.0 52.1 49.8
0.0 0.0 0.0
29.4 29.8 30.8
0.0 0.0 0.0
29.4 29.7 30.7
9.9 9.7 9.0
31.7 31.1 33.9
-1.4 -3.3 -5.5
50.0 47.9 50.2
0.0 0.0 0.0
50.0 47.9 50.2
100.0 100.0 100.0

2.7 2.7 2.6
— — —
5.0 4.9 3.9
2.2 2.2 2.4
0.0 0.0 0.0
0.0 0.0 0.0
0.2 0.2 0.1
15.8 16.9 14.3
0.5 0.6 0.4
0.6 0.6 0.6
0.0 0.0 0.0
2.5 2.4 2.1
— 5.7 4.6
16,000.0 17,000.0 19,000.0
Hospira Inc (HSP US) - Standardized
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Cash from Operating Activities
+ Net Income CF_NET_INC 246.7 260.4 301.6
+ Depreciation & Amortization CF_DEPR_AM 133.7 146.0 145.5
+ Non-Cash Items NON_CASH_I 63.0 74.3 -102.3
+ Stock-Based Compensation CF_STOCK_B — — —
+ Deferred Income Taxes CF_DEF_INC_ — — —
+ Other Non-Cash Adj OTHER_NON_ 63.0 74.3 -102.3
+ Chg in Non-Cash Work Cap CF_CHNG_N 86.0 -112.5 42.3
+ (Inc) Dec in Accts Receiv CF_ACCT_RC 31.2 16.8 -28.1
+ (Inc) Dec in Inventories CF_CHANGE_ -34.4 -94.4 22.7
+ Inc (Dec) in Accts Payable CF_CHANGE_ — — —
+ Inc (Dec) in Other INC_DEC_IN_ 89.2 -35.0 47.6
+ Net Cash From Disc Ops CF_NET_CAS — — —
Cash from Operating Activities CF_CASH_FR 529.4 368.1 387.0
Cash from Investing Activities

+ Change in Fixed & Intang CHG_IN_FXD_ -191.0 -196.7 -228.9
+ Disp in Fixed & Intang DISP_FXD_&_ 0.0 0.0 0.0
+ Disp of Fixed Prod Assets CF_DISPOSA — — —
+ Disp of Intangible Assets CF_DISPOSAL — — —
+ Acq of Fixed & Intang ACQUIS_FXD_ -191.0 -196.7 -228.9
+ Acq of Fixed Prod Assets CF_PURCHAS — — —
+ Acq of Intangible Assets CF_ACQUISIT — — —
+ Net Change in LT Investment NET_CHG_IN_ 0.0 0.0 0.0
+ Dec in LT Investment CF_DECR_IN 0.0 0.0 0.0
+ Inc in LT Investment CF_INCR_INV 0.0 0.0 0.0
+ Net Cash From Acq & Div CF_NT_CSH_ — — —
+ Cash from Divestitures CF_CASH_FO — — —
+ Cash for Acq of Subs CF_CASH_FO — — —
+ Cash for JVs CF_CASH_FO — — —
+ Other Investing Activities OTHER_INVE 0.0 3.3 -72.4
Cash from Investing Activities CF_CASH_FR -191.0 -193.4 -301.3
Cash from Financing Activities

+ Dividends Paid CF_DVD_PAI 0.0 0.0 0.0
+ Cash From (Repayment) Debt PROC_FR_RE 0.0 0.0 693.3
+ Cash (Repurchase) of Equity PROC_FR_RE 0.0 0.0 23.0
+ Increase in Capital Stock CF_INCR_CA 0.0 0.0 23.0
+ Decrease in Capital Stock CF_DECR_CA 0.0 0.0 0.0
+ Other Financing Activities CF_OTHER_F — — —
Cash from Financing Activities CFF_ACTIVIT -338.5 -174.7 42.0
Effect of Foreign Exchange Rates CF_EFFECT_ — — —

Net Changes in Cash CF_NET_CHN 0.0 0.0 127.7
Cash Paid for Taxes CF_CASH_PA 0.0 0.0 30.7

Cash Paid for Interest CF_ACT_CAS 0.0 0.0 22.1
Reference Items
EBITDA EBITDA 511.9 506.3 508.5
Trailing 12M EBITDA Margin EBITDA_MAR 19.67 19.30 19.23
Net Cash Paid for Acquisitions CF_NET_CAS 0.0 0.0 0.0
Tax Benefit from Stock Options CF_TAX_BEN — — —
Free Cash Flow CF_FREE_CA 338.5 171.4 158.2
Free Cash Flow to Firm CF_FREE_CA 338.5 171.4 171.9
Free Cash Flow to Equity FREE_CASH_ — 171.4 851.5
Free Cash Flow per Basic Share FREE_CASH_ — — 1.01
Price to Free Cash Flow PX_TO_FREE — — 33.08
Cash Flow to Net Income CASH_FLOW_ 2.15 1.41 1.28
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
235.6 237.7 136.8 320.9 403.9 357.2 -9.4

156.3 156.7 235.1 251.9 230.1 245.9 256.1
13.1 148.7 150.4 122.2 177.5 8.0 444.3
— — — 42.0 40.5 47.5 41.2
— — — — -66.3 -14.0 -47.1
13.1 148.7 150.4 80.2 203.3 -25.5 450.2
166.1 -118.9 28.8 -110.9 133.4 -296.2 -256.6
-10.7 -1.1 -30.6 -55.4 97.2 -94.5 -43.6
-9.7 -106.1 34.4 -117.9 54.4 -201.8 -61.3
— — 7.1 49.5 -4.2 84.6 -80.4
186.5 -11.8 17.9 12.9 -14.0 -84.5 -71.3
— — — — 0.0 0.0 0.0
571.1 424.2 551.1 584.1 944.9 314.9 434.4
-224.3 -215.7 -210.5 -163.5 -124.5 -164.6 -282.3

31.8 19.3 0.0 0.8 49.2 62.6 15.1
— — — — 49.2 62.6 15.1
— — — — 0.0 0.0 0.0
-256.1 -235.0 -210.5 -164.3 -173.7 -227.2 -297.4
— — — — -159.4 -208.5 -290.5
— — — — -14.3 -18.7 -6.9
0.0 0.0 0.0 -24.5 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 -24.5 0.0 0.0 0.0
— — — — -86.6 -540.8 0.0
— — — — 0.0 0.0 0.0
— — — — -86.6 -540.8 0.0
— — — — 0.0 0.0 0.0
39.9 -35.6 -2,017.5 -76.9 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
-184.4 -251.2 -2,228.0 -264.9 -211.1 -705.4 -282.3
0.0 0.0 0.0 0.0 0.0 0.0 0.0

6.5 2.5 1,504.8 -88.9 -431.9 -2.7 -2.2
118.8 -254.0 75.4 28.8 123.3 74.6 -144.8
118.8 45.8 75.4 28.8 123.3 174.6 55.2
0.0 -299.8 0.0 0.0 0.0 -100.0 -200.0
— — — — 0.0 -36.8 0.0
— — — — 0.0 0.0 0.0
6.3 -371.5 1,596.0 -76.5 -308.6 35.1 -147.0
— — — — 37.0 13.7 -11.9

392.9 -198.6 -81.0 242.7 462.2 -341.7 -6.8
27.2 28.6 72.4 14.9 28.4 78.8 42.7

37.7 44.0 127.4 120.8 108.7 101.8 102.2
492.9 506.3 625.8 770.2 733.0 765.1 312.9

18.77 18.83 18.21 21.22 18.90 19.53 7.71
23.6 17.1 1,980.5 26.1 86.6 540.8 0.0
— 3.4 2.3 1.0 0.8 21.3 7.5
315.0 189.2 340.5 419.8 785.5 106.4 143.9
335.7 211.9 438.5 511.3 — 198.6 —
353.3 211.0 1,845.4 331.7 402.8 166.3 156.8
1.98 1.20 2.17 2.64 4.88 0.64 0.87
21.63 27.93 19.65 10.17 10.45 86.88 34.93
2.42 1.78 4.03 1.82 2.34 0.88 —
FY 2012 FY 2013 FY 2014 Current
12/31/2012 12/31/2013 12/31/2014 09/10/2019
44.2 -8.3 333.2

247.6 257.5 258.1
165.3 123.9 87.9
40.0 41.6 52.0
-90.3 -117.9 49.2
215.6 200.2 -13.3
20.9 -55.7 -17.8
-4.1 66.3 -61.4
27.5 -138.2 -72.9
26.5 41.3 87.5
-29.0 -25.1 29.0
0.0 0.0 0.0
478.0 317.4 661.4
-289.0 -370.3 -286.0

12.7 1.4 141.4
12.7 1.4 141.4
0.0 0.0 0.0
-301.7 -371.7 -427.4
-290.1 -353.5 -392.2
-11.6 -18.2 -35.2
0.0 0.0 -200.0
0.0 0.0 0.0
0.0 0.0 -200.0
-15.0 0.0 -223.4
0.0 0.0 0.0
-15.0 0.0 -223.4
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
-304.0 -370.3 -709.4
0.0 0.0 0.0

-10.7 116.4 -91.1
10.1 17.7 162.6
10.1 17.7 162.6
0.0 0.0 0.0
0.0 -39.8 0.0
0.0 0.0 0.0
-0.6 94.3 71.5
1.2 -15.4 -19.2

174.6 26.0 4.3
10.7 66.5 49.8

102.2 94.4 102.3
306.4 274.1 724.4

7.49 6.85 16.23 18.66
15.0 0.0 223.4
2.2 1.4 9.3
187.9 -36.1 269.2
— — 332.1
189.9 81.7 319.5
1.14 -0.22 1.60
27.43 — 38.27
10.81 — 1.98 1.97
12 Months Ending 12/31/2004 12/31/2005 12/31/2006
Cash Flow
Cash From Operating Activities
Net Income - CF ARD_NET_IN 301.6 235.6 237.7
Depreciation ARD_DEPREC 141.2 154.5 154.8
Deferred Income Taxes - CF ARD_DEFERR — — —
Disposal/Sale of Assets ARD_DISPOS — — -7.9
Stock Based Compensation ARD_STOCK_ — — 35.9
Change in Inventories ARD_CHANGE 22.7 -9.7 -106.1
Change in Accounts Payable ARD_CHANGE — — 7.9
Change in Accounts Receivable ARD_CHG_IN -28.1 -10.7 -1.1
Change in Prepaid Expenses ARD_CHANGE -3.9 -8.1 -19.7
Equity In Earnings Of Affiliates/JV-CF ARD_EQY_IN — — —
Impairments ARD_IMPAIR — 13.1 —
Amortization of Intangibles ARD_AMORTIZ 4.3 1.8 1.9
Change In Other Liabilites ARD_CHG_IN_ — — 88.2
Total Cash Flows From Operations ARD_TOT_CA 387.0 571.1 424.2
Write-Offs ARD_WRITE_ — — 10.0
Change In Other Assets And Liabilities ARD_CHG_OT -37.7 — 22.5
Change in Other Current Assets and LiabilitARD_CHG_IN — 30.4 —
Gain/(Loss) On Early Extinguishment of De ARD_GL_ON_ — — —
Other Non-Cash Items ARD_OTHER_ -64.6 — —
Change in Accounts Payable & Accrued Ex ARD_CHG_IN 51.5 164.2 —
Cash From Investing Activities
Disposal of Fixed Assets ARD_DISPOS — 31.8 19.3
Capital Expenditures ARD_CAPITA -228.9 -256.1 -235.0
Acquisition of Business ARD_ACQUIS — -23.6 -17.1
Purchases of Long-Term Marketable SecuritARD_PURCHA — — —
Purchase of Intangibles ARD_PURCHA — -9.0 -18.4
Purchases of Investments ARD_PURCHA -72.4 — —
Other Investing Activities ARD_OTHER_I — — —
Sale of Intangibles ARD_SALE_O — — —
Proceeds From Short-Term Marketable Secu ARD_PROCEE — 72.4 —
Total Cash Flows From Investing ARD_TOT_CA -301.3 -184.4 -251.2
Repurchase of Common Stock ARD_REPUR — — -299.8
Effect of Exchange Rates On Cash ARD_EFF_OF 1.4 -2.3 6.2
Other Financing Activities ARD_OTHER_F -675.8 -116.7 -126.2
Cash Paid For Taxes ARD_CASH_P 30.7 27.2 28.6
Cash Paid For Interest ARD_CASH_P 22.1 37.7 44.0
Exercise of Stock Options ARD_EXERCI — 118.8 42.4
Net Change In Cash ARD_NET_CH 127.7 392.9 -198.6
Cash and Cash Equivalents (End of Period)ARD_CASH_C 127.7 520.6 322.0
Cash and Cash Equivalents (Beg of Period)ARD_CASH_C — 127.7 520.6
Increase (Decrease) In Borrowings ARD_INCR_D — — —
Decrease In Borrowings ARD_DECREA — — —
Increase In Borrowings ARD_INCREA — — —
Tax Benefit From Stock Options - FinancingARD_TAX_BE — — 3.4
Increase In Short-Term Borrowings ARD_INCR_I 700.0 — —
Issuance of Common Stock ARD_ISSUAN 23.0 — —
Increase (Decrease) Short-Term BorrowingsARD_INCR_D — 1.4 2.7
Increase In Long-Term Borrowings ARD_INCR_I 693.3 5.3 —
Decrease In Long-Term Borrowings ARD_DECR_I — -0.1 -0.1
Decrease In St Borrowings ARD_DECR_I -700.0 — —
Total Cash Flows From Financing ARD_TOT_CA 40.6 8.6 -377.7
Source: Bloomberg
FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013
12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013
136.8 320.9 403.9 357.2 -9.4 44.2 -8.3

183.0 183.2 168.6 164.3 164.6 164.0 171.8
— — -66.3 -14.0 -47.1 -90.3 -117.9
-5.0 -3.0 — -11.4 -1.7 -5.9 -0.9
39.4 42.0 40.5 47.5 41.2 40.0 41.6
34.4 -117.9 54.4 -201.8 -61.3 27.5 -138.2
7.1 49.5 -4.2 84.6 -80.4 26.5 41.3
-30.6 -55.4 97.2 -94.5 -43.6 -4.1 66.3
17.9 12.9 8.2 -18.5 -80.5 -37.4 -45.1
— — — — -5.6 -35.1 20.9
7.5 — 95.8 25.1 441.1 72.8 73.1
52.1 68.7 61.5 81.6 91.5 83.6 85.7
-40.1 52.9 107.5 -76.0 16.4 183.8 73.7
551.1 584.1 944.9 314.9 434.4 478.0 317.4
88.0 0.5 — — — — —
7.4 29.8 — — — — —
— — -22.2 -66.0 9.2 8.4 20.0
— — — 36.8 0.0 0.0 33.4
53.1 — — — — — —
— — — — — — —
— 0.8 49.2 62.6 15.1 12.7 1.4

-210.5 -164.3 -159.4 -208.5 -290.5 -290.1 -353.5
-1,980.5 -26.1 -86.6 -540.8 0.0 -15.0 0.0
— -24.5 — — — 0.0 0.0
-5.5 -50.8 -14.3 -18.7 -6.9 -11.6 -18.2
— — — — — — —
-55.7 — — — — — —
13.8 — — — — — —
10.4 — — — — — —
-2,228.0 -264.9 -211.1 -705.4 -282.3 -304.0 -370.3
— — — -100.0 -200.0 — —
15.8 -16.4 37.0 13.7 -11.9 1.2 -15.4
— — — -36.8 0.0 0.0 -39.8
72.4 14.9 28.4 78.8 42.7 10.7 66.5
127.4 120.8 108.7 101.8 102.2 102.2 94.4
73.1 27.8 122.5 153.3 47.7 7.9 16.3
-81.0 242.7 462.2 -341.7 -6.8 174.6 26.0
241.1 483.8 946.0 604.3 597.5 772.1 798.1
322.0 241.1 483.8 946.0 604.3 597.5 772.1
— — — — 0.0 -10.7 —
— -95.2 -681.2 -500.3 -2.2 — -650.0
— 6.3 249.3 497.6 0.0 0.0 766.4
2.3 1.0 0.8 21.3 7.5 2.2 1.4
— — — — — — —
— — — — — — —
— — — — — — —
3,336.2 — — — — — —
-1,825.2 — — — — — —
-6.2 — — — — — —
1,580.2 -60.1 -308.6 35.1 -147.0 -0.6 94.3
FY 2014
12/31/2014
333.2
181.4
49.2
-100.2
52.0
-72.9
87.5
-61.4
12.2
-0.6
30.9
76.7
56.6
661.4
—
—
16.8
0.0
—
—
141.4
-392.2
-223.4
-200.0
-35.2
—
—
—
—
-709.4
—
-19.2
0.0
49.8
102.3
153.3
4.3
802.4
798.1
-91.1
—
0.0
9.3
—
—
—
—
—
—
71.5
Hospira Inc (HSP US) - Profitability
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Returns
Return on Common Equity RETURN_CO — 18.68 24.74
Return on Assets RETURN_ON_ — 11.82 13.13
Return on Capital RETURN_ON_ — 18.68 20.11
Return on Invested Capital RETURN_ON_ — 19.49 17.38
Margins
EBITDA Margin EBITDA_TO_ 19.67 19.30 19.23
Incremental Operating Margin INCREMENTA — — 12.39
Pretax Margin PRETAX_INC 13.54 13.69 15.56
Income before XO Margin INC_BEF_XO 9.48 9.92 11.40
Net Income Margin PROF_MARGI 9.48 9.92 11.40
Net Income to Common Margin NET_INCOME 9.48 9.92 11.40
Additional
Effective Tax Rate EFF_TAX_RA 30.00 27.50 26.72
Dvd Payout Ratio DVD_PAYOUT 0.00 0.00 0.00
Sustainable Growth Rate SUSTAIN_GR — 18.68 24.74
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
20.39 17.68 8.81 18.22 18.36 12.30 -0.31

9.18 8.43 3.45 6.32 7.64 6.19 -0.16
13.82 12.72 7.75 10.39 11.39 9.68 1.06
12.87 12.67 9.46 10.36 11.72 10.48 1.02
32.32 34.94 34.16 36.42 37.54 38.66 34.45

18.77 18.83 18.21 21.22 18.90 19.53 7.71
12.82 13.00 11.37 14.28 12.96 13.25 1.40
-143.94 20.98 5.49 66.07 — 43.01 —
12.26 12.08 5.46 11.23 9.92 9.99 -0.67
8.97 8.84 3.98 8.84 10.41 9.12 -0.23
8.97 8.84 3.98 8.84 10.41 9.12 -0.23
8.97 8.84 3.98 8.84 10.41 9.12 -0.23
26.84 26.80 27.17 21.25 — 8.76 —

0.00 — 0.00 0.00 0.00 0.00 —
20.39 — 8.81 18.22 18.36 12.30 —
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
1.48 -0.28 10.58

0.74 -0.14 5.19
2.12 1.00 8.01
2.69 2.11 8.73
27.21 26.99 35.54

7.49 6.85 16.23
1.44 0.41 10.45
5.71 -47.26 97.57
-1.02 -3.08 8.70
1.08 -0.21 7.46
1.08 -0.21 7.46
1.08 -0.21 7.46
— — 18.52
0.00 — 0.00
1.48 — 10.58
Hospira Inc (HSP US) - Growth
12 Months Ending 12/31/2003 12/31/2004 12/31/2005
1 Year Growth
Revenue SALES_GRO 0.81 0.81 -0.69
EBITDA EBITDA_GRO -1.09 0.43 -3.07
Operating Income OPER_INC_G -4.71 0.73 -7.27
Net Income to Common EARN_FOR_ 5.54 15.82 -21.86
EPS Diluted DILUTED_EP — — -23.96
EPS Diluted before XO DILUTED_EP — — -23.96
EPS Diluted before Abnormal RR_DIL_EPS — — 4.95
Accounts Receivable ACCOUNTS_R -1.17 3.39 0.24

Inventory INVENTORY_ 24.64 -14.93 -1.55
Fixed Assets NET_FIXED_ 2.65 10.64 4.70
Total Assets ASSET_GRO 4.47 4.12 19.05
Modified Working Capital MODIFIED_W 16.73 -9.30 -4.79
Working Capital WORK_CAP_ 25.19 -7.50 45.73
Employees EMPL_GROW — 0.00 -7.14
Accounts Payable ACCOUNTS_P -0.69 -3.86 27.90
Short-Term Debt SHORT_TERM — — —
Total Debt TOTAL_DEBT — — -0.14
Total Equity TOTAL_EQUI 8.97 -32.31 34.96
Capital GROWTH_IN_ 8.97 15.78 20.38
Book Value per Share BVPS_GROW — — 31.04
Cash From Operations CASH_FLOW -30.47 5.14 47.56

Capital Expenditures TOT_CAP_EX 3.00 16.36 11.91
Net Change In Cash NET_CHANGE — — 207.70
Free Cash Flow FREE_CASH_ -49.35 -7.73 99.14
Cash Flow to Firm CASH_FLOW_ -30.47 8.87 47.66
Free Cash Flow to Firm FCF_TO_FIR -49.35 0.28 95.25
5 Year Growth
Revenue GEO_GROW_N — — —
EBITDA GEO_GROW_E — — —
Operating Income GEO_GROW_O — — —
Net Income to Common NET_INCOME — — —
EPS Diluted 5Y_GEO_GRO — — —
EPS Diluted before XO 5Y_GEO_GRO — — —
EPS Diluted before Abnormal GEO_GROW_D — — —
Accounts Receivable ACCOUNTS_R — — —

Inventory INVENTORY_ — — —
Fixed Assets NET_FIXED_ — — —
Total Assets GEO_GROW_ — — —
Modified Working Capital MODIFIED_W — — —
Working Capital WORKING_CA — — —
Employees EMPLOYEES_ — — —
Accounts Payable ACCOUNTS_P — — —
Short-Term Debt SHORT_TERM — — —
Total Debt TOTAL_DEBT — — —
Total Equity GEO_GROW_ — — —
Total Capital 5 Year Growth TOTAL_CAPI — — —
Book Value per Share GEO_GROW_ — — —
Cash From Operations GEO_GROW_ — — —

Free Cash Flow FREE_CASH_ — — —
Cash Flow to Firm CASH_FLOW_ — — —
Free Cash Flow to Firm FCF_TO_FIR — — —
Sequential Growth
Revenue REVENUE_SE 0.81 0.81 -0.69
EBITDA EBITDA_SEQ -1.09 0.43 -3.07
Operating Income OPERATING_ -4.71 0.73 -7.27
Net Income to Common NET_INCOM 5.54 15.82 -21.86
EPS Diluted EPS_DILUTE — — -23.96
EPS Diluted before XO EPS_DIL_BE — — -23.96
EPS Diluted before Abnormal EPS_DILUTE — — 4.95
Accounts Receivable ACCOUNTS_R -1.17 3.39 0.24

Inventory INVENTORY_ 24.64 -14.93 -1.55
Fixed Assets FIXED_ASSE 2.65 10.64 4.70
Total Assets TOTAL_ASSE 4.47 4.12 19.05
Modified Working Capital MODIFIED_W 16.73 -9.30 -4.79
Working Capital WORKING_CA 25.19 -7.50 45.73
Employees EMPLOYEES_ — 0.00 -7.14
Accounts Payable ACCOUNTS_P -0.69 -3.86 27.90
Short-Term Debt ST_DEBT_SE — — —
Total Debt TOTAL_DEBT — — -0.14
Total Equity TOTAL_EQUI 8.97 -32.31 34.96
Capital TOTAL_CAPI 8.97 15.78 20.38
Book Value per Share BPS_SEQUEN — — 31.04
Cash From Operations CFO_SEQUEN -30.47 5.14 47.56

Capital Expenditures CAPEX_SEQU 3.00 16.36 11.91
Net Change In Cash NET_CHANGE — — 207.70
Free Cash Flow FREE_CASH_ -49.35 -7.73 99.14
Cash Flow to Firm CF_TO_FIRM -30.47 8.87 47.66
Free Cash Flow to Firm FCF_TO_FIR -49.35 0.28 95.25
Source: Bloomberg
FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012
2.35 27.81 5.62 6.88 0.98 3.57 0.86

2.72 23.59 23.08 -4.83 4.38 -59.10 -2.08
3.85 11.74 32.69 -2.97 3.24 -89.06 3.52
0.87 -42.46 134.65 25.86 -11.56 — —
1.37 -42.57 134.12 24.12 -14.57 — —
1.37 -42.57 134.12 24.12 -14.57 — —
1.57 12.89 15.53 33.13 -15.41 -3.64 -37.75
2.50 66.70 4.37 -14.62 21.46 5.77 1.09

22.86 22.28 8.33 -9.04 26.49 7.48 -2.84
4.91 22.85 -6.64 -3.72 11.45 5.93 6.65
2.09 78.56 -0.21 8.45 9.87 -4.42 5.36
17.49 36.57 4.15 -13.40 21.07 14.99 -3.99
-5.00 14.19 5.26 49.24 -5.98 11.45 0.48
0.00 7.69 3.57 -6.90 3.70 7.14 6.67
0.85 45.31 21.64 -0.86 39.74 -24.76 14.38
75.73 1,190.69 478.35 -93.02 41.95 9.25 -21.04
1.25 217.43 -3.15 -20.32 0.98 0.03 -0.73
2.50 28.22 1.79 47.70 21.34 -7.71 3.53
2.07 92.88 -0.99 10.28 13.25 -4.97 1.94
2.50 30.69 1.16 44.17 19.01 -6.59 3.15
-25.72 29.91 6.00 61.77 -66.67 37.95 10.04

-8.26 -10.40 -21.95 -2.98 30.80 39.33 -0.14
— 59.22 — 90.44 — 98.01 —
-39.92 79.96 23.28 87.11 -86.45 35.24 30.58
-24.48 45.23 4.10 — — — —
-36.86 106.90 16.60 — — — —
— 5.72 6.71 7.96 8.32 8.58 3.56

— 4.10 8.75 7.59 9.19 -9.18 -13.31
— 0.65 7.54 6.74 9.05 -30.47 -31.53
— -11.13 4.27 6.02 8.68 — -20.22
— — — 5.17 7.64 — -20.50
— — — 5.17 7.64 — -20.50
— — — 13.10 8.33 7.19 -4.84
— 11.85 13.07 8.82 13.08 13.80 2.96

— 9.42 6.39 7.82 13.37 10.37 5.41
— 8.91 6.87 3.94 5.24 5.45 2.51
— 18.74 17.66 18.62 16.74 15.21 3.67
— 10.10 7.61 6.62 11.87 11.39 3.81
— 12.85 9.01 19.95 9.88 13.45 10.59
— — 0.70 -0.72 1.49 2.90 2.71
— 12.34 16.99 17.71 19.82 13.00 7.72
— — — — 67.00 51.86 -13.15
— — — 19.89 20.16 19.87 -5.00
— 5.52 4.09 21.67 19.11 16.64 11.75
— 24.49 22.13 20.94 19.48 17.78 3.68
— — — 20.68 18.38 16.20 10.83
— 0.80 9.67 19.54 -11.22 0.48 -2.80

— 0.12 19.62 37.79 -19.51 -5.33 -11.21
— 4.16 12.91 — — — —
— 5.31 24.43 — — — —
2.35 27.81 5.62 6.88 0.98 3.57 0.86

2.72 23.59 23.08 -4.83 4.38 -59.10 -2.08
3.85 11.74 32.69 -2.97 3.24 -89.06 3.52
0.87 -42.46 134.65 25.86 -11.56 -102.63 —
1.37 -42.57 134.12 24.12 -14.57 -102.84 —
1.37 -42.57 134.12 24.12 -14.57 -102.84 —
1.57 12.89 15.53 33.13 -15.41 -3.64 -37.75
2.50 66.70 4.37 -14.62 21.46 5.77 1.09

22.86 22.28 8.33 -9.04 26.49 7.48 -2.84
4.91 22.85 -6.64 -3.72 11.45 5.93 6.65
2.09 78.56 -0.21 8.45 9.87 -4.42 5.36
17.49 36.57 4.15 -13.40 21.07 14.99 -3.99
-5.00 14.19 5.26 49.24 -5.98 11.45 0.48
0.00 7.69 3.57 -6.90 3.70 7.14 6.67
0.85 45.31 21.64 -0.86 39.74 -24.76 14.38
75.73 1,190.69 478.35 -93.02 41.95 9.25 -21.04
1.25 217.43 -3.15 -20.32 0.98 0.03 -0.73
2.50 28.22 1.79 47.70 21.34 -7.71 3.53
2.07 92.88 -0.99 10.28 13.25 -4.97 1.94
2.50 30.69 1.16 44.17 19.01 -6.59 3.15
-25.72 29.91 6.00 61.77 -66.67 37.95 10.04

-8.26 -10.40 -21.95 -2.98 30.80 39.33 -0.14
-150.54 — — 90.44 -173.93 — —
-39.92 79.96 23.28 87.11 -86.45 35.24 30.58
-24.48 45.23 4.10 — — — —
-36.86 106.90 16.60 — — — —
FY 2013 FY 2014
12/31/2013 12/31/2014
-2.18 11.51
-10.54 164.28
-71.77 2,709.04
— —
— —
— —
5.64 17.01
-11.22 4.81
6.86 6.29
8.93 15.40
1.48 7.62
-4.19 0.72
-3.34 -1.15
6.25 11.76
19.28 25.91
224.22 -92.74
6.05 -4.60
-2.62 12.65
0.53 6.04
-3.03 9.74
-33.60 108.38
21.85 10.95
-85.11 -83.46
— —
— —
— —
1.98 2.85
-18.67 -0.24
-49.75 -1.50
— —
— —
— —
-6.52 -8.91
-0.31 3.86
5.12 8.45
5.72 9.62
4.02 3.86
2.09 5.22
8.72 0.12
3.23 7.07
7.30 12.55
-22.65 -22.03
-3.26 0.29
10.77 4.92
3.99 3.18
9.90 4.06
-11.48 -6.89
— -19.28
— —
— —
-2.18 11.51
-10.54 164.28
-71.77 2,709.04
-118.78 —
-118.52 —
-118.52 —
5.64 17.01
-11.22 4.81
6.86 6.29
8.93 15.40
1.48 7.62
-4.19 0.72
-3.34 -1.15
6.25 11.76
19.28 25.91
224.22 -92.74
6.05 -4.60
-2.62 12.65
0.53 6.04
-3.03 9.74
-33.60 108.38
21.85 10.95
-85.11 -83.46
-119.21 —
— —
— —
Hospira Inc (HSP US) - Credit
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Total Debt SHORT_AND_ 0.0 0.0 698.8

Short-Term Debt BS_ST_BOR 0.0 0.0 0.0
Long Term Debt BS_LT_BORR 0.0 0.0 698.8
Total Debt/T12M EBITDA TOT_DEBT_T 0.00 0.00 1.37

Net Debt/EBITDA NET_DEBT_T 0.00 0.00 0.98
Total Debt/EBIT TOTAL_DEBT_ 0.00 0.00 1.93

Net Debt/EBIT NET_DEBT_T 0.00 0.00 1.37
EBITDA to Interest Expense EBITDA_TO_ — — 27.11

EBITDA-CapEx/Interest Expense EBITDA_LES 139.55 140.75 11.53
EBIT to Interest Expense OPER_INC_T — — 19.35
EBITDA/Cash Interest Paid EBITDA_TO_C — — 23.03

EBITDA-CapEx/Cash Interest Paid EBITDA_AFT — — 12.67
EBIT/Cash Interest Paid EBIT_TO_CAS — — 16.44
Cash Interest Paid CF_ACT_CAS 0.0 0.0 22.1

Interest Expense IS_INT_EXPE 0.0 0.0 18.8
Common Equity/Total Assets COM_EQY_TO 61.93 64.59 42.00

Long-Term Debt/Equity LT_DEBT_TO 0.00 0.00 71.03
Long-Term Debt/Capital LT_DEBT_TO 0.00 0.00 41.53
Long-Term Debt/Total Assets LT_DEBT_TO 0.00 0.00 29.83
Total Debt/Equity TOT_DEBT_T 0.00 0.00 71.03

Total Debt/Capital TOT_DEBT_T 0.00 0.00 41.53
Total Debt/Total Assets TOT_DEBT_T 0.00 0.00 29.83
Net Debt/Equity NET_DEBT_T 0.00 0.00 50.69

Net Debt/Capital NET_DEBT_% 0.00 0.00 33.64
EBITDA EBITDA 511.9 506.3 508.5

EBITDA-CapEx EBITDA_AFT 321.0 309.7 279.7
EBIT IS_OPER_INC 378.2 360.4 363.0
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
697.9 706.6 2,242.9 2,172.3 1,730.9 1,747.9 1,748.5

2.6 4.5 58.5 338.3 23.6 33.5 36.6
695.3 702.0 2,184.4 1,834.0 1,707.3 1,714.4 1,711.9
1.42 1.40 3.58 2.82 2.36 2.28 5.59

0.36 0.76 3.20 2.19 1.07 1.49 3.68
2.07 2.02 5.74 4.19 3.44 3.37 30.78

0.53 1.10 5.12 3.26 1.56 2.20 20.26
17.43 16.32 4.65 6.63 6.90 7.57 3.36

6.11 6.11 2.85 4.88 5.12 5.08 0.21
11.90 11.27 2.90 4.46 4.73 5.14 0.61
13.06 11.51 4.91 6.38 6.74 7.52 3.06

6.28 6.17 3.26 5.02 5.28 5.47 0.22
8.92 7.95 3.06 4.29 4.63 5.10 0.56
37.7 44.0 127.4 120.8 108.7 101.8 102.2

28.3 31.0 134.5 116.2 106.3 101.1 93.1
47.61 47.80 34.32 35.01 47.68 52.65 50.84

52.36 51.58 125.16 103.24 65.07 53.85 58.27
34.32 33.95 54.77 46.45 39.21 34.76 36.53
24.93 24.65 42.96 36.14 31.03 28.35 29.62
52.56 51.91 128.52 122.29 65.97 54.90 59.51

34.45 34.17 56.24 55.01 39.75 35.44 37.31
25.02 24.81 44.11 42.81 31.45 28.91 30.26
13.35 28.25 114.70 95.05 29.92 35.92 39.18

11.78 22.03 53.42 48.73 23.03 26.43 28.15
492.9 506.3 625.8 770.2 733.0 765.1 312.9

236.8 271.3 415.2 605.9 573.6 556.6 22.4
336.6 349.6 390.6 518.3 502.9 519.2 56.8
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
1,735.7 1,840.7 1,756.0

28.9 93.7 6.8
1,706.8 1,747.0 1,749.2
5.66 6.72 2.42

3.14 3.80 1.32
29.52 110.89 3.77

16.39 62.81 2.05
3.55 3.18 9.38

0.16 -0.72 3.05
0.68 0.19 6.04
3.00 2.90 7.08

0.16 -0.84 3.25
0.58 0.18 4.56
102.2 94.4 102.3

86.3 86.2 77.2
49.96 47.94 50.17

56.11 58.98 52.42
35.73 36.38 34.35
28.03 28.27 26.30
57.06 62.15 52.63

36.33 38.33 34.48
28.51 29.79 26.41
31.68 35.20 28.58

24.06 26.04 22.23
306.4 274.1 724.4

16.3 -79.4 332.2
58.8 16.6 466.3
Hospira Inc (HSP US) - Liquidity
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Cash Ratio CASH_RATIO 0.00 0.00 0.37
Quick Ratio QUICK_RATIO 0.78 0.88 0.98
CFO/Avg Current Liab CFO_TO_AVG_ — 0.96 0.86
Common Equity/Total Assets COM_EQY_TO 61.93 64.59 42.00
Long-Term Debt/Equity LT_DEBT_TO 0.00 0.00 71.03

Long-Term Debt/Capital LT_DEBT_TO 0.00 0.00 41.53
Long-Term Debt/Total Assets LT_DEBT_TO 0.00 0.00 29.83
Total Debt/Equity TOT_DEBT_T 0.00 0.00 71.03

Total Debt/Capital TOT_DEBT_T 0.00 0.00 41.53
Total Debt/Total Assets TOT_DEBT_T 0.00 0.00 29.83
CFO/Total Liabilities CASH_FLOW_ 64.56 46.20 28.48

CFO/CapEx CAP_EXPEND 2.77 1.87 1.69
Altman's Z-Score ALTMAN_Z_S — — 4.49
Total Line of Credit BS_TOTAL_LI — 375.0 375.0

Total Available Line Of Credit BS_TOTAL_AV — — 375.0
Total Credit Lines Drawn LINE_OF_CRE — — 0.0
Total Commercial Paper Outstanding BS_TOT_COM — — —

Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
0.87 0.53 0.30 0.46 1.07 0.65 0.70
2.62 2.51 2.32 2.05 2.86 2.66 3.03
1.42 1.08 1.01 1.02 1.64 1.30 1.46
1.01 0.71 0.79 0.63 0.98 0.35 0.49
47.61 47.80 34.32 35.01 47.68 52.65 50.84
52.36 51.58 125.16 103.24 65.07 53.85 58.27

34.32 33.95 54.77 46.45 39.21 34.76 36.53
24.93 24.65 42.96 36.14 31.03 28.35 29.62
52.56 51.91 128.52 122.29 65.97 54.90 59.51

34.45 34.17 56.24 55.01 39.75 35.44 37.31
25.02 24.81 44.11 42.81 31.45 28.91 30.26
39.08 28.54 16.50 17.71 32.82 11.00 15.29

2.23 1.81 2.62 3.56 5.93 1.51 1.50
4.88 4.26 3.37 3.14 4.23 4.46 3.12
375.0 375.0 375.0 375.0 700.0 700.0 700.0

375.0 375.0 375.0 375.0 700.0 700.0 700.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
— — — — — — 0.0
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
0.75 0.69 0.62
2.68 2.44 2.27
1.38 1.18 1.08
0.51 0.29 0.54
49.96 47.94 50.17
56.11 58.98 52.42

35.73 36.38 34.35
28.03 28.27 26.30
57.06 62.15 52.63

36.33 38.33 34.48
28.51 29.79 26.41
15.69 9.87 19.96

1.65 0.90 1.69
2.93 3.05 3.93
1,000.0 1,000.0 1,000.0

1,000.0 638.0 1,000.0
0.0 362.0 0.0
0.0 0.0 0.0

Hospira Inc (HSP US) - Working Capital
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Accounts Receivable Turnover ACCT_RCV_T — 8.26 8.24
Days Sales Outstanding ACCT_RCV_D — 44.17 44.42
Inventory Turnover INVENT_TUR — 3.50 3.30
Days Inventory Outstanding INVENT_DAY — 104.24 111.04
Accounts Payable Turnover ACCOUNTS_P — 19.28 17.06
Accounts Payable Turnover Days ACCOUNTS_P — 18.93 21.45

Inventory to Cash Days INV_TO_CAS — 148.41 155.45
Total Inventory BS_INVENTO 488.9 609.3 518.3

Inventory Raw Materials INVTRY_RAW 143.5 168.6 117.9
Inventory In Progress INVTRY_IN_ 90.5 124.6 70.3
Inventory Finished Goods INVTRY_FIN 254.8 316.1 330.1
Other Inventory BS_OTHER_I 0.0 0.0 0.0
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
8.04 8.12 7.68 6.35 7.17 7.10 6.52
45.40 44.97 47.50 57.60 50.88 51.39 56.00
3.46 3.08 3.25 2.89 3.06 2.81 2.68
105.60 118.64 112.42 126.66 119.45 129.95 136.04
15.29 14.31 14.95 11.24 10.19 9.46 9.72
23.86 25.51 24.41 32.55 35.83 38.58 37.56
127.14 138.10 135.50 151.71 134.50 142.76 154.49

151.00 163.61 159.92 184.26 170.33 181.34 192.04
510.3 626.9 766.6 830.5 755.4 955.5 1,027.0

138.0 135.3 173.0 189.8 206.2 266.1 289.4
71.4 85.8 128.2 130.6 143.9 194.3 259.4
300.9 405.8 465.4 510.1 405.3 495.1 478.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
6.36 6.56 7.59
57.55 55.68 48.09
2.94 2.83 2.62
124.40 128.90 139.51
11.40 9.88 7.92
32.10 36.93 46.10
149.85 147.65 141.51

181.94 184.58 187.60
997.8 1,066.2 1,133.3

290.0 329.8 286.9
262.2 294.1 324.7
445.6 442.3 521.7
0.0 0.0 0.0
Hospira Inc (HSP US) - Yield Analysis
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
T12 Cash Flows to Equity
+ Cash From Operations TRAIL_12M_ 529.4 368.1 387.0
+ Capital Expenditures TRAIL_12M_ -191.0 -196.7 -228.9
Free Cash Flow TRAIL_12M_ 338.5 171.4 158.2
Market Capitalization HISTORICAL — — 5,258.5
Free Cash Flow Yield FREE_CASH_ — — 3.02
Dividends Paid T12M_DVDS_ 0.0 0.0 0.0

Net Share Repurchases T12M_NET_C 0.0 0.0 23.0
Net ST Debt Repayments T12M_CHG_S 0.0 0.0 0.0
Net LT Debt Repayments T12M_CHG_L 0.0 0.0 693.3
Other Financing Activities T12_OTHER_ -338.5 -174.7 -674.4
T12 Cash to Suppliers of Capital T12_CFF -338.5 -174.7 42.0
T12 Shareholder Yield SHAREHOLDE — — -0.80
- Dividends Paid T12M_DVDS_ 0.0 0.0 0.0

- Net Share Repurchases T12M_NET_C 0.0 0.0 23.0
T12 Cash to Shareholders RETURNED_C — — -23.0
T12 Shareholder Yield, Ex Debt SHAREHOLDE — — -0.44
T12 Cash Flows to the Firm

+ Cash From Operations TRAIL_12M_ 529.4 368.1 387.0
+ Capital Expenditures TRAIL_12M_ -191.0 -196.7 -228.9
+ After-Tax Interest Expense AFTER_TAX_ 0.0 0.0 13.7
Trailing 12M Free Cash Flow To Firm TRAIL_12M_ 338.5 171.4 171.9
Periodic Enterprise Value ENTERPRISE — — 5,757.2
T12 FCFF Yield T12M_FCF_TO — — 2.99
- Dividends Paid T12M_DVDS_ 0.0 0.0 0.0

- Net Share Repurchases T12M_NET_C 0.0 0.0 23.0
- Net ST Debt Repayments T12M_CHG_S 0.0 0.0 0.0
- Net LT Debt Repayments T12M_CHG_L 0.0 0.0 693.3
- Other Financing Activities T12_OTHER_ -338.5 -174.7 -674.4
T12 Cash to Suppliers of Capital T12_CFF -338.5 -174.7 42.0
Periodic Enterprise Value ENTERPRISE — — 5,757.2
T12 Capital Yield CAPITAL_YIE — — -0.73
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
571.1 424.2 551.1 584.1 944.9 314.9 434.4

-256.1 -235.0 -210.5 -164.3 -159.4 -208.5 -290.5
315.0 189.2 340.5 419.8 785.5 106.4 143.9
6,916.2 5,428.8 6,763.2 4,280.5 8,338.5 9,283.5 5,001.9
4.62 3.58 5.09 9.83 9.57 1.15 2.86
0.0 0.0 0.0 0.0 0.0 0.0 0.0

118.8 -254.0 75.4 28.8 123.3 74.6 -144.8
1.4 2.7 -6.2 0.0 0.0 0.0 0.0
5.1 -0.1 1,511.0 -88.9 -431.9 -2.7 -2.2
-119.1 -120.0 15.8 -16.4 37.0 -23.1 -11.9
6.3 -371.5 1,596.0 -76.5 -271.6 48.8 -158.9
6,916.2 5,428.8 6,763.2 4,280.5 8,338.5 9,283.5 5,001.9
-0.09 6.84 -23.60 1.79 3.26 -0.53 3.18
0.0 0.0 0.0 0.0 0.0 0.0 0.0

118.8 -254.0 75.4 28.8 123.3 74.6 -144.8
-118.8 254.0 -75.4 -28.8 -123.3 -74.6 144.8
6,916.2 5,428.8 6,763.2 4,280.5 8,338.5 9,283.5 5,001.9
-1.72 4.68 -1.11 -0.67 -1.48 -0.80 2.89
571.1 424.2 551.1 584.1 944.9 314.9 434.4

-256.1 -235.0 -210.5 -164.3 -159.4 -208.5 -290.5
20.7 22.7 98.0 91.5 — 92.2 —
335.7 211.9 438.5 511.3 — 198.6 —
7,093.4 5,813.3 8,765.0 5,969.0 9,123.4 10,427.1 6,152.9
4.73 3.65 5.00 8.57 — 1.91 —
0.0 0.0 0.0 0.0 0.0 0.0 0.0

118.8 -254.0 75.4 28.8 123.3 74.6 -144.8
1.4 2.7 -6.2 0.0 0.0 0.0 0.0
5.1 -0.1 1,511.0 -88.9 -431.9 -2.7 -2.2
-119.1 -120.0 15.8 -16.4 37.0 -23.1 -11.9
6.3 -371.5 1,596.0 -76.5 -271.6 48.8 -158.9
7,093.4 5,813.3 8,765.0 5,969.0 9,123.4 10,427.1 6,152.9
-0.09 6.39 -18.21 1.28 2.98 -0.47 2.58
FY 2012 FY 2013 FY 2014 FY 2015 Est FY 2016 Est
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016
478.0 317.4 661.4 548.3 854.5

-290.1 -353.5 -392.2
187.9 -36.1 269.2 226.3 499.5
5,164.0 6,852.5 10,437.0
3.65 -0.53 2.61
0.0 0.0 0.0

10.1 17.7 162.6
0.0 0.0 0.0
-10.7 116.4 -91.1
1.2 -55.2 -19.2
0.6 78.9 52.3
5,164.0 6,852.5 10,437.0
-0.01 -1.15 -0.50
0.0 0.0 0.0

10.1 17.7 162.6
-10.1 -17.7 -162.6
5,164.0 6,852.5 10,437.0
-0.20 -0.26 -1.56
478.0 317.4 661.4 548.3 854.5

-290.1 -353.5 -392.2
— — 62.9
— — 332.1
6,127.6 7,895.1 11,390.6
— — 2.92
0.0 0.0 0.0

10.1 17.7 162.6
0.0 0.0 0.0
-10.7 116.4 -91.1
1.2 -55.2 -19.2
0.6 78.9 52.3
6,127.6 7,895.1 11,390.6
-0.01 -1.00 -0.46
Hospira Inc (HSP US) - Adj Highlights
In Millions of USD FY 2002 FY 2003 FY 2004 FY 2005
12 Months Ending 12/31/2002 12/31/2003 12/31/2004 12/31/2005
Market Capitalization HISTORICAL — — 5,258.5 6,916.2
- Cash & Equivalents CASH_AND_M 0.0 0.0 200.1 520.6
+ Preferred & Other PREFERRED_ 0.0 0.0 0.0 0.0
+ Total Debt SHORT_AND_ 0.0 0.0 698.8 697.9
Enterprise Value ENTERPRISE — — 5,757.2 7,093.4
Revenue, Adj SALES_REV_ 2,602.6 2,623.7 2,645.0 2,626.7

Growth %, YoY SALES_GRO — 0.8 0.8 -0.7
Gross Profit, Adj GROSS_PROF 719.4 701.1 786.6 849.1
Margin % GROSS_PROF 27.6 26.7 29.7 32.3
EBITDA, Adj EBITDA 511.9 506.3 508.5 492.9
Margin % EBITDA 19.7 19.3 19.2 18.8
Net Income, Adj EARN_FOR_ 246.7 260.4 301.6 235.6
Margin % EARN_FOR_ 9.5 9.9 11.4 9.0
EPS, Adj IS_DIL_EPS_ — — 1.82 1.91
Growth %, YoY IS_DIL_EPS_ — — — 4.9
Cash from Operations CF_CASH_FR 529.4 368.1 387.0 571.1

Capital Expenditures CAPITAL_EX -191.0 -196.7 -228.9 -256.1
Free Cash Flow CF_FREE_CA 338.5 171.4 158.2 315.0
Source: Bloomberg
FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012
5,428.8 6,763.2 4,280.5 8,338.5 9,283.5 5,001.9 5,164.0
322.0 241.1 483.8 946.0 604.3 597.5 772.1
0.0 0.0 0.0 0.0 0.0 0.0 0.0
706.6 2,242.9 2,172.3 1,730.9 1,747.9 1,748.5 1,735.7
5,813.3 8,765.0 5,969.0 9,123.4 10,427.1 6,152.9 6,127.6
2,688.5 3,436.2 3,629.5 3,879.3 3,917.2 4,057.1 4,092.1

2.4 27.8 5.6 6.9 1.0 3.6 0.9
939.2 1,173.9 1,322.0 1,497.1 1,596.0 1,485.2 1,373.5
34.9 34.2 36.4 38.6 40.7 36.6 33.6
506.3 625.8 770.2 897.9 919.8 844.4 630.8
18.8 18.2 21.2 23.1 23.5 20.8 15.4
237.7 136.8 320.9 550.5 482.5 454.9 283.1
8.8 4.0 8.8 14.2 12.3 11.2 6.9
1.94 2.19 2.53 3.37 2.85 2.75 1.71
1.6 12.9 15.5 33.1 -15.4 -3.6 -37.7
424.2 551.1 584.1 944.9 314.9 434.4 478.0

-235.0 -210.5 -164.3 -159.4 -208.5 -290.5 -290.1
189.2 340.5 419.8 785.5 106.4 143.9 187.9
FY 2013 FY 2014 Current FY 2015 Est FY 2016 Est
12/31/2013 12/31/2014 09/10/2019 12/31/2015 12/31/2016
6,852.5 10,437.0
798.1 802.4 819.9
0.0 0.0 0.0
1,840.7 1,756.0 1,750.9
7,895.1 11,390.6
4,002.8 4,463.7 4,703.0 5,068.0

-2.2 11.5 4.2 5.4 7.8
1,343.7 1,740.4 2,097.5 2,311.0
33.6 39.0 44.6 45.6
665.9 842.1 1,056.3 1,155.7
16.6 18.9 22.5 22.8
299.0 361.0 541.7 597.3
7.5 8.1 11.5 11.8
1.81 2.11 3.18 3.64
5.6 17.0 18.1 50.4 14.4
317.4 661.4
-353.5 -392.2 -322.0 -355.0
-36.1 269.2 -112.0 511.0
Hospira Inc (HSP US) - Enterprise Value
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
- Cash & Equivalents CASH_AND_M 0.0 0.0 200.1
+ Preferred Equity BS_PFD_EQT 0.0 0.0 0.0
+ Minority Interest MINORITY_N 0.0 0.0 0.0
+ Total Debt SHORT_AND_ 0.0 0.0 698.8
Enterprise Value ENTERPRISE — — 5,757.2
Total Capital BS_TOT_CAP 1,333.8 1,453.5 1,682.8

Total Debt/Total Capital TOT_DEBT_T 0.00 0.00 41.53
Total Debt/EV TOTAL_DEBT — — 0.12
EV/Sales EV_TO_T12M — — 2.18

EV/EBITDA EV_TO_T12M — — 11.32
EV/EBIT EV_TO_T12M_ — — 15.86
EV/Cash Flow to Firm EV_TO_T12M — — 14.37
EV/Free Cash Flow to Firm EV_TO_T12M — — 33.49
Diluted Market Cap DILUTED_MK — — 5,264.9

Diluted Enterprise Value DILUTED_EV — — 5,763.6
EV per Share EV_TO_SH_O — — 36.68
Reference Items
Trailing 12 Month Values for Ratios
Sales TRAIL_12M_N 2,602.6 2,623.7 2,645.0
EBITDA TRAIL_12M_E 511.9 506.3 508.5
EBIT TRAIL_12M_O 378.2 360.4 363.0
Cash Flow To Firm TRAIL_12M_ 529.4 368.1 400.8
Free Cash Flow To Firm TRAIL_12M_ 338.5 171.4 171.9
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
6,916.2 5,428.8 6,763.2 4,280.5 8,338.5 9,283.5 5,001.9
520.6 322.0 241.1 483.8 946.0 604.3 597.5
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
697.9 706.6 2,242.9 2,172.3 1,730.9 1,747.9 1,748.5
7,093.4 5,813.3 8,765.0 5,969.0 9,123.4 10,427.1 6,152.9
2,025.7 2,067.7 3,988.1 3,948.7 4,354.6 4,931.4 4,686.5

34.45 34.17 56.24 55.01 39.75 35.44 37.31
0.10 0.12 0.26 0.36 0.19 0.17 0.28
2.70 2.16 2.55 1.64 2.35 2.66 1.52

14.39 11.48 14.01 7.75 12.45 13.63 19.66
21.07 16.63 22.44 11.52 18.14 20.08 108.33
11.99 13.01 13.51 8.83 — 25.61 —
21.13 27.43 19.99 11.67 — 52.49 —
6,914.7 5,387.0 6,829.4 4,326.1 8,323.2 9,439.5 5,026.2

7,092.0 5,771.6 8,831.2 6,014.6 9,108.1 10,583.1 6,177.2
43.88 35.96 55.26 37.40 55.80 62.55 37.36
2,626.7 2,688.5 3,436.2 3,629.5 3,879.3 3,917.2 4,057.1

492.9 506.3 625.8 770.2 733.0 765.1 312.9
336.6 349.6 390.6 518.3 502.9 519.2 56.8
591.8 446.9 649.0 675.6 — 407.1 —
335.7 211.9 438.5 511.3 — 198.6 —
12/31/2012 12/31/2013 12/31/2014 09/10/2019 12/31/2015 12/31/2016
5,164.0 6,852.5 10,437.0
772.1 798.1 802.4 819.9
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
1,735.7 1,840.7 1,756.0 1,750.9
6,127.6 7,895.1 11,390.6
4,777.4 4,802.6 5,092.6 5,364.5

36.33 38.33 34.48 32.64
0.28 0.23 0.15
1.50 1.97 2.55

20.00 28.80 15.72
104.21 475.61 24.43
— — 15.73
— — 34.30
5,185.8 6,836.0 10,461.5

6,149.4 7,878.6 11,415.1
37.07 47.56 66.85 94.09
4,092.1 4,002.8 4,463.7 4,635.6 4,703.0 5,068.0

306.4 274.1 724.4 865.2 1,056.3 1,155.7
58.8 16.6 466.3 619.2 788.8 899.8
— — 724.3 721.8
— — 332.1 293.0
Hospira Inc (HSP US) - Multiples
In Millions of USD except Per Share
12 Months Ending
Source: Bloomberg
Hospira Inc (HSP US) - Per Share
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Basic Shares Outstanding BS_SH_OUT — — 157.0
Per Share Data Items

Revenue REVENUE_PE — — 16.94
EBITDA EBITDA_PER — — 3.26
Operating Income OPER_INC_P — — 2.32
Net Income to Common - Basic IS_EPS — — 1.93
Net Income before XO - Basic IS_EARN_BE — — 1.93
Normalized Net Income - Basic IS_BASIC_E — — 1.83
Net Income to Common - Diluted IS_DILUTED_ — — 1.92
Net Income before XO - Diluted IS_DIL_EPS_ — — 1.92
Normalized Net Income - Diluted IS_DIL_EPS_ — — 1.82
Dividends EQY_DPS 0.00 0.00 0.00
Cash Flow CASH_FLOW_ — — 2.48

Free Cash Flow FREE_CASH_ — — 1.01
Cash & Equivalents CASH_ST_IN — — 1.27

Book Value BOOK_VAL_P — — 6.27
Tangible Book Value TANG_BOOK_ — — 5.75
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
161.7 161.7 158.6 159.6 163.5 166.7 164.7
161.6 160.4 160.2 161.3 163.2 169.5 165.5
159.3 157.4 156.9 159.2 161.0 166.0 165.5
16.49 17.08 21.90 22.80 24.10 23.60 24.51

3.09 3.22 3.99 4.84 4.55 4.61 1.89
2.11 2.22 2.49 3.26 3.12 3.13 0.34
1.48 1.51 0.87 2.02 2.51 2.15 -0.06
1.48 1.51 0.87 2.02 2.51 2.15 -0.06
1.94 1.98 2.24 2.56 3.42 2.91 2.75
1.46 1.48 0.85 1.99 2.47 2.11 -0.06
1.46 1.48 0.85 1.99 2.47 2.11 -0.06
1.91 1.94 2.19 2.53 3.37 2.85 2.75
0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.59 2.70 3.51 3.67 5.87 1.90 2.62

1.98 1.20 2.17 2.64 4.88 0.64 0.87
3.22 1.99 1.52 3.03 5.79 3.63 3.63

8.21 8.42 11.00 11.13 16.05 19.10 17.84
7.57 7.75 -0.31 1.28 5.96 7.11 9.10
12/31/2012 12/31/2013 12/31/2014 09/10/2019 12/31/2015 12/31/2016
165.3 166.0 170.4 172.9
166.0 165.6 170.8 176.1
165.0 165.6 168.2 172.8
24.80 24.17 26.54

1.86 1.66 4.31
0.36 0.10 2.77
0.27 -0.05 1.98 2.46 3.18
0.27 -0.05 1.98 2.46 3.18
1.72 1.81 2.15 3.18 3.64
0.27 -0.05 1.95 2.46 3.18
0.27 -0.05 1.95 2.46 3.18
1.71 1.81 2.11 3.18 3.64
0.00 0.00 0.00 0.00 0.00
2.90 1.92 3.93 3.26 5.08

1.14 -0.22 1.60
4.67 4.81 4.71 4.74

18.40 17.84 19.58 20.90 22.26 26.50
10.26 10.43 12.47 14.02
Hospira Inc (HSP US) - Stock Value
12 Months Ending 12/31/2004 12/31/2005 12/31/2006
Last Price PX_LAST 33.50 42.78 33.58
Period-over-Period % Change CHG_PCT_PE — 27.70 -21.51
Open Price PX_OPEN 31.10 33.30 43.46
High Price PX_HIGH 34.86 45.10 47.99
Low Price PX_LOW 24.02 28.35 31.15
Market Capitalization HISTORICAL 5,258.5 6,916.2 5,428.8

Current Shares Outstanding EQY_SH_OUT 156.10 160.85 155.81
Equity Float EQY_FLOAT 155.74 160.48 155.36
Source: Bloomberg
FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013
12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013
42.64 26.82 51.00 55.69 30.37 31.24 41.28
26.98 -37.10 90.16 9.20 -45.47 2.86 32.14
33.75 42.38 26.79 51.47 55.75 30.89 31.73
44.64 44.00 51.40 60.49 59.20 38.49 42.60
33.60 23.00 21.21 47.48 26.92 28.62 28.71
6,763.2 4,280.5 8,338.5 9,283.5 5,001.9 5,164.0 6,852.5

157.56 159.60 162.16 167.08 164.71 165.22 165.88
157.05 159.26 161.76 166.48 163.96 164.43 165.09
FY 2014
12/31/2014
61.25
48.38
41.26
63.36
40.41
10,437.0
169.20
168.12
Hospira Inc (HSP US) - GAAP %
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
+ Sales & Services Revenue IS_SALES_A — — —
- Cost of Revenue IS_COGS_TO 72.4 73.3 70.3
+ Cost of Goods & Services IS_COG_AND — — —
Gross Profit GROSS_PROF 27.6 26.7 29.7
+ Other Operating Income IS_OTHER_O — — —
- Operating Expenses IS_OPERATI 13.1 13.0 16.0
+ Selling, General & Admin IS_SG&A_EX — — —
+ Research & Development IS_OPERATI — — —
+ Other Operating Expense OTHER_OPER — — —
Operating Income (Loss) IS_OPER_INC 14.5 13.7 13.7
- Non-Operating (Income) Loss NONOP_INCO 1.0 0.0 -1.8
+ Interest Expense, Net IS_NET_INT — — 0.6
+ Interest Expense IS_INT_EXPE 0.0 0.0 0.7
- Interest Income IS_INT_INC 0.0 0.0 0.1
+ Foreign Exch (Gain) Loss IS_FOREIGN 0.1 -0.1 0.0
+ Other Non-Op (Income) Loss OTHER_NONO 0.9 0.1 -2.4
Pretax Income PRETAX_INC 13.5 13.7 15.6
- Income Tax Expense (Benefit) IS_INC_TAX_ 4.1 3.8 4.2
+ Current Income Tax IS_CURRENT — — —
+ Deferred Income Tax IS_DEFERRE — — —
- (Income) Loss from Affiliates IS_SH_PRO_ — — —
Income (Loss) from Cont Ops IS_INC_BEF_ 9.5 9.9 11.4
- Net Extraordinary Losses (Gains) XO_GL_NET_ 0.0 0.0 0.0
+ Discontinued Operations IS_DISCONT — — —
+ XO & Accounting Changes IS_EXTRAOR — — —
Income (Loss) Incl. MI NI_INCLUDIN 9.5 9.9 11.4
- Minority Interest MIN_NONCON 0.0 0.0 0.0
Net Income, GAAP NET_INCOME 9.5 9.9 11.4
- Preferred Dividends IS_TOT_CAS 0.0 0.0 0.0
- Other Adjustments OTHER_ADJU 0.0 0.0 0.0
Net Income Avail to Common, GAAP EARN_FOR_ 9.5 9.9 11.4
Net Abnormal Losses (Gains) IS_NET_ABN — — —

Net Extraordinary Losses (Gains) XO_GL_NET_ 0.0 0.0 0.0

Basic EPS, GAAP IS_EPS — — 0.1
Basic EPS from Cont Ops IS_EARN_BE — — 0.1
Basic EPS from Cont Ops, Adjusted IS_BASIC_E — — 0.1

Diluted EPS, GAAP IS_DILUTED_ — — 0.1
Diluted EPS from Cont Ops IS_DIL_EPS_ — — 0.1
Diluted EPS from Cont Ops, Adjusted IS_DIL_EPS_ — — 0.1
Reference Items
EBITDA EBITDA 19.7 19.3 19.2
EBITDA Margin (T12M) EBITDA_MAR 0.8 0.7 0.7
EBITA EBITA 14.7 13.9 13.9
EBIT EBIT 14.5 13.7 13.7
Profit Margin PROF_MARGI 0.4 0.4 0.4
Sales per Employee ACTUAL_SAL — 7,142.9 7,142.9
Capitalized Interest Expense IS_CAP_INT_ 0.1 0.1 0.2
Depreciation Expense IS_DEPR_EX 5.0 5.4 5.3
Rental Expense BS_CURR_RE 0.6 0.6 0.9
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
2,626.7 2,688.5 3,436.2 3,629.5 3,879.3 3,917.2 4,057.1
— — — — 100.0 100.0 100.0
67.7 65.1 65.8 63.6 62.5 61.3 65.6
— — — — 62.5 61.3 65.6
32.3 34.9 34.2 36.4 37.5 38.7 34.4
— — — 0.0 0.0 0.0 0.0
19.5 21.9 22.8 22.1 24.6 25.4 33.0
— — — 16.3 16.0 17.2 15.7
— — — — 6.2 7.7 6.4
— — — 5.9 2.4 0.5 11.0
12.8 13.0 11.4 14.3 13.0 13.3 1.4
0.6 0.9 5.9 3.1 3.0 3.3 2.1
— — 3.0 2.9 — — —
1.1 1.2 3.9 3.2 2.7 2.6 2.3
0.0 0.0 0.9 0.3 — — —
0.0 0.0 0.0 0.0 0.0 0.0 0.0
-0.5 -0.2 2.9 0.1 0.3 0.7 -0.2
12.3 12.1 5.5 11.2 9.9 10.0 -0.7
3.3 3.2 1.5 2.4 -0.5 0.9 0.7
— — — — -2.0 1.9 1.0
— — — — 1.5 -1.0 -0.4
— — — — — — -1.1
9.0 8.8 4.0 8.8 10.4 9.1 -0.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
9.0 8.8 4.0 8.8 10.4 9.1 -0.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0
9.0 8.8 4.0 8.8 10.4 9.1 -0.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
9.0 8.8 4.0 8.8 10.4 9.1 -0.2
— — 6.2 — 3.8 3.2 11.4

0.0 0.0 0.0 0.0 0.0 0.0 0.0
6.1 5.9 4.6 4.4 4.2 4.2 4.1

0.1 0.1 0.0 0.1 0.1 0.1 0.0
0.1 0.1 0.0 0.1 0.1 0.1 0.0
0.1 0.1 0.1 0.1 0.1 0.1 0.1
6.2 6.0 4.7 4.4 4.2 4.3 4.1

0.1 0.1 0.0 0.1 0.1 0.1 0.0
0.1 0.1 0.0 0.1 0.1 0.1 0.0
0.1 0.1 0.1 0.1 0.1 0.1 0.1
18.8 18.8 18.2 21.2 18.9 19.5 7.7
0.7 0.7 0.5 0.6 0.5 0.5 0.2
7.0 13.1 12.9 16.2 14.5 15.3 3.7
12.8 13.0 11.4 14.3 13.0 13.3 1.4
1.2 1.3 1.0 1.0 1.0 1.0 0.8
0.5 0.5 0.3 0.4 0.3 0.3 0.0
0.3 0.3 0.1 0.2 0.3 0.2 0.0
7,692.3 7,692.3 7,142.9 6,896.6 7,407.4 7,142.9 6,666.7
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 — 0.0 0.0 0.0 0.0 0.0
0.4 0.5 0.3 0.2 0.1 0.2 0.3
11.8 5.8 5.3 5.0 4.3 4.2 4.1
0.9 0.8 0.8 0.7 0.8 0.7 0.8
12/31/2012 12/31/2013 12/31/2014 09/10/2019 12/31/2015 12/31/2016
4,092.1 4,002.8 4,463.7 4,703.0 5,068.0
100.0 100.0 100.0
72.8 73.0 64.5
72.8 73.0 64.5
27.2 27.0 35.5 44.6 45.6
0.0 0.0 0.0
25.8 26.6 25.1
16.8 18.6 18.8
7.4 7.5 7.7
1.5 0.5 -1.5
1.4 0.4 10.4 16.8 17.8
2.5 3.5 1.7
2.0 2.0 1.6
2.1 2.2 1.7
0.1 0.1 0.2
0.0 0.0 0.0
0.5 1.5 0.2
-1.0 -3.1 8.7 17.9 18.2
-1.2 -2.5 1.6
0.2 0.0 2.1
-1.5 -2.5 -0.4
-0.9 -0.4 -0.4
1.1 -0.2 7.5 9.5 10.9
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
1.1 -0.2 7.5
0.0 0.0 0.0
1.1 -0.2 7.5 9.5 10.9
0.0 0.0 0.0
0.0 0.0 0.0
1.1 -0.2 7.5 9.5 10.9
5.8 7.7 0.6

0.0 0.0 0.0
4.0 4.1 3.8

0.0 0.0 0.0 0.1 0.1
0.0 0.0 0.0 0.1 0.1
0.0 0.0 0.0 0.1 0.1
4.1 4.1 3.8

0.0 0.0 0.0 0.1 0.1
0.0 0.0 0.0 0.1 0.1
0.0 0.0 0.0 0.1 0.1
7.5 6.8 16.2 22.5 22.8
0.2 0.2 0.4 0.5 0.4
3.5 2.6 12.2
1.4 0.4 10.4 16.8 17.8
0.7 0.7 0.8
0.0 0.0 0.2 0.4 0.4
0.0 0.0 0.2 0.2 0.2
6,250.0 5,882.4 5,263.2
0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0
0.5 0.6 0.7
4.0 4.3 4.1
1.0 0.8 0.9
Hospira Inc (HSP US) - DuPont Analysis
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Tax Burden
Net Inc to Comn/Pre-Tax Profit % TAX_EFFICIE 70.00 72.50 73.28
Adjustment Factor
Normlzd Net Inc/Net Inc to Cmn NORM_NET_I 1.00 1.00 0.95
Interest Burden
Pre-Tax Profit/EBIT % INT_BURDEN 100.00 100.00 95.64
Operating Margin
EBIT/Revenue % T12_EBIT_T 13.54 13.69 16.27
Asset Turnover
Revenue/Avg Assets ASSET_TURN — 1.19 1.15
Leverage Ratio
Avg Assets/Avg Equity FNCL_LVRG — 1.58 1.88
Adjusted Return on Equity NORMALIZED — 18.68 23.43
5 Year Average Adj ROE 5_YEAR_AVE — — —

Payout Ratio DVD_PAYOUT 0.00 0.00 0.00
Sustainable Growth Rate SUSTAIN_GR — 18.68 24.74
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
73.16 73.20 72.83 78.75 104.96 91.24 34.69
1.31 1.31 2.57 1.20 1.36 1.35 —
91.93 91.28 58.26 77.81 78.35 79.48 -24.28
13.34 13.23 9.38 14.43 12.66 12.58 2.75
1.02 0.95 0.87 0.71 0.73 0.68 0.69
2.22 2.10 2.55 2.88 2.40 1.99 1.93
26.69 23.19 22.62 21.93 25.02 16.62 14.86
— — 22.92 23.57 23.89 21.88 20.21

0.00 — 0.00 0.00 0.00 0.00 —
20.39 — 8.81 18.22 18.36 12.30 —
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
-105.49 6.74 85.83
6.40 — 1.08
-52.70 603.92 80.49
1.94 -0.51 10.80
0.69 0.65 0.70
1.98 2.04 2.04
9.47 9.96 11.46
17.58 15.19 12.47

0.00 — 0.00
1.48 — 10.58
Hospira Inc (HSP US) - By Measure
In Millions of USD except Per Share FY 2004 FY 2005
12 Months Ending 12/31/2004 12/31/2005
Revenue 2,645.0 100.0% 2,626.7 100.0%
Specialty Injectable Pharmaceuticals 894.2 33.8% 845.3 32.2%
Americas — —
EMEA — —
APAC — —
U.S 894.2 33.8% 845.3 32.2%
Medication Management — —
Americas — —
EMEA — —
APAC — —
Other Pharma — —
Americas — —
EMEA — —
APAC — —
Sales to Third Parties 364.8 13.8% 374.6 14.3%
International 364.8 13.8% 374.6 14.3%
Other 244.6 9.2% 262.6 10.0%
U.S 244.6 9.2% 262.6 10.0%
Injectable Pharmaceutical Contract Manufacturing 178.7 6.8% 178.8 6.8%
U.S 178.7 6.8% 178.8 6.8%
Medication Delivery Systems 782.7 29.6% 796.4 30.3%
U.S 782.7 29.6% 796.4 30.3%
Sales to Abbott Laboratories 180.0 6.8% 169.1 6.4%
International 60.2 2.3% 64.4 2.5%
U.S 119.8 4.5% 104.7 4.0%
Devices — —
APAC — —
EMEA — —
Americas — —
Pharmaceuticals — —
APAC — —
EMEA — —
Americas — —
Net Sales % Increased at Constant Currency — —
APAC — —
EMEA — —
Americas — —
Americas — —
APAC — —
EMEA — —
Specialty Injectable Pharmaceuticals — —
Americas — —
APAC — —
EMEA — —
Devices — —
APAC — —
EMEA — —
Americas — —
APAC — —
EMEA — —
Americas — —
Revenue Growth % — —
Americas — —
APAC — —
EMEA — —
Americas — —
EMEA — —
APAC — —
Specialty Injectable Pharmaceuticals — -5.50
Americas — —
APAC — —
EMEA — —
U.S — -5.50
Sales to Third Parties — 2.70
International — 2.70
Other — 7.30
U.S — 7.30
Injectable Pharmaceutical Contract Manufacturing — 0.00
U.S — 0.00
Medication Delivery Systems — 1.70
U.S — 1.70
Sales to Abbott Laboratories — -5.60
U.S — -12.60
Devices — —
APAC — —
EMEA — —
Americas — —
APAC — —
EMEA — —
Americas — —
Source: Bloomberg
FY 2006 FY 2007 FY 2008 FY 2009 FY 2010
12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010
2,688.5 100.0% 3,436.2 100.0% 3,629.5 100.0% 3,879.3 100.0% 3,917.2
807.6 30.0% — — 2,073.3 53.4% 2,349.5
— — — 1,589.9 41.0% 1,829.0
— — — 272.0 7.0% 283.2
— — — 211.4 5.4% 237.3
807.6 30.0% — — — —
— — — 1,104.8 28.5% 999.1
— — — 917.0 23.6% 827.5
— — — 142.4 3.7% 126.6
— — — 45.4 1.2% 45.0
— — — 701.2 18.1% 568.6
— — — 556.4 14.3% 481.4
— — — 128.4 3.3% 78.7
— — — 16.4 0.4% 8.5
397.7 14.8% — — — —
397.7 14.8% — — — —
283.7 10.6% — — — —
283.7 10.6% — — — —
183.3 6.8% — — — —
183.3 6.8% — — — —
855.5 31.8% — — — —
855.5 31.8% — — — —
160.8 6.0% — — — —
70.3 2.6% — — — —
90.5 3.4% — — — —
— 1,045.4 30.4% 1,118.5 30.8% — —
— 42.2 1.2% 46.8 1.3% — —
— 134.4 3.9% 144.3 4.0% — —
— 868.8 25.3% 927.4 25.6% — —
— 2,390.8 69.6% 2,511.0 69.2% — —
— 183.0 5.3% 220.6 6.1% — —
— 417.7 12.2% 439.5 12.1% — —
— 1,790.1 52.1% 1,850.9 51.0% — —
— — — — —
— — — 16.80 -78.20
— — — 17.80 -54.90
— — — -8.80 -37.00
— — — 7.80 -13.70
— — — 4.70 -5.20
— — — -0.20 -10.80
— — — -0.40 -9.00
— — — 4.90 -7.00
— — — 29.60 22.30
— — — 20.30 14.00
— — — 7.20 0.70
— — — 2.10 7.60
— — 13.70 — —
— — 5.70 — —
— — 1.40 — —
— — 6.60 — —
— — 23.70 — —
— — 18.40 — —
— — 1.80 — —
— — 3.50 — —
— — — — —
— — — -1.10 -73.40
— — — 6.60 -13.50
— — — 7.90 -48.20
— — — -15.60 -38.70
— — — -3.20 -0.40
— — — -1.10 -9.80
— — — -1.30 -11.10
— — — -3.00 -0.90
-4.50 — — 17.10 31.40
— — — 19.60 15.00
— — — 2.90 12.30
— — — -5.40 4.10
-4.50 — — — —
6.20 — — — —
6.20 — — — —
8.00 — — — —
8.00 — — — —
2.50 — — — —
2.50 — — — —
7.40 — — — —
7.40 — — — —
-4.30 — — — —
9.30 — — — —
-13.60 — — — —
— 21.80 25.00 — —
— 5.20 10.90 — —
— 12.10 7.40 — —
— 4.40 6.70 — —
— 946.90 29.10 — —
— 643.90 20.50 — —
— 288.60 5.20 — —
— 14.40 3.40 — —
FY 2010 FY 2011 FY 2012 FY 2013 FY 2014
12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014
100.0% 4,057.1 100.0% 4,092.1 100.0% 4,002.8 100.0% 4,463.7 100.0%
60.0% 2,562.5 63.2% 2,570.0 62.8% 2,759.4 68.9% 3,034.6 68.0%
46.7% 2,000.9 49.3% 1,991.0 48.7% 2,163.0 54.0% 2,432.6 54.5%
7.2% 292.6 7.2% 318.4 7.8% 332.9 8.3% 335.6 7.5%
6.1% 269.0 6.6% 260.6 6.4% 263.5 6.6% 266.4 6.0%
— — — —
25.5% 987.3 24.3% 1,016.5 24.8% 769.8 19.2% 840.0 18.8%
21.1% 809.4 20.0% 846.8 20.7% 629.9 15.7% 690.9 15.5%
3.2% 128.7 3.2% 119.9 2.9% 97.8 2.4% 104.3 2.3%
1.1% 49.2 1.2% 49.8 1.2% 42.1 1.1% 44.8 1.0%
14.5% 507.3 12.5% 505.6 12.4% 473.6 11.8% 589.1 13.2%
12.3% 396.2 9.8% 401.6 9.8% 382.9 9.6% 481.6 10.8%
2.0% 15.0 0.4% 87.5 2.1% 77.9 1.9% 92.1 2.1%
0.2% 96.1 2.4% 16.5 0.4% 12.8 0.3% 15.4 0.3%
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
74.70 19.80 -28.10 50.50
74.10 10.00 -21.80 20.30
18.40 8.40 -10.60 15.80
-17.80 1.40 -4.30 14.40
1.60 6.40 -16.10 43.10
-2.80 5.00 -25.00 26.20
1.30 1.20 -12.00 10.50
-3.10 0.20 -20.90 6.40
10.40 14.70 18.10 19.70
9.10 0.10 9.10 13.20
3.20 -2.00 7.30 5.80
-1.90 16.60 1.70 0.70
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
80.90 2.50 -8.90 64.30
-17.70 1.40 -4.70 25.80
76.50 10.00 -2.60 20.30
22.10 -8.90 -11.00 18.20
8.80 -1.00 -8.30 22.70
-2.20 4.60 -25.60 9.70
1.70 -6.80 -18.40 6.60
9.30 1.20 -15.50 6.40
26.10 6.20 14.30 14.40
9.40 -0.50 8.60 12.50
13.40 -3.10 1.10 1.10
3.30 8.80 4.60 0.80
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
FY 2015 Est FY 2016 Est
12/31/2015 12/31/2016
4,703.0 100.0% 5,068.0 100.0%
5.36 ### 7.76 ###
Hospira Inc (HSP US) - By Geography
In Millions of USD except Per Share FY 2004 FY 2005
12 Months Ending 12/31/2004 12/31/2005
Revenue 2,645.0 100.0% 2,626.7 100.0%
Americas — —
Devices — —
Other Devices — —
Medication Management Systems — —
EMEA — —
Specialty Injectables Pharmaceuticals — —
Devices — —
APAC — —
Specialty Injectable Pharmaceutical — —
Devices — —
U.S 2,220.1 83.9% 2,187.8 83.3%
Other 244.6 9.2% 262.6 10.0%
Injectable Pharmaceutical Contract Manufacturing 178.7 6.8% 178.8 6.8%
Specialty Injectable Pharmaceuticals 894.2 33.8% 845.3 32.2%
Medication Delivery Systems 782.7 29.6% 796.4 30.3%
International 425.0 16.1% 438.9 16.7%
Sales to Third Parties 364.8 13.8% 374.6 14.3%
Net Sales % Increased at Constant Currency — —
Americas — —
Devices — —
APAC — —
Devices — —
EMEA — —
Devices — —
Operating Income 363.0 100.0% 336.6 100.0%
Americas — —
APAC — —
EMEA — —
Reconciliation -130.6 -60.3
U.S 404.9 82.0% 328.5 82.8%
International 88.7 18.0% 68.4 17.2%
Revenue Growth % — —
Americas — —
Devices — —
EMEA — —
Devices — —
APAC — —
Devices — —
U.S — -1.50
Other — 7.30
Sales to Abbott Laboratories — -12.60
Injectable Pharmaceutical Contract Manufacturing — 0.00
Specialty Injectable Pharmaceuticals — -5.50
Medication Delivery Systems — 1.70
Sales to Abbott Laboratories — 7.00
Sales to Third Parties — 2.70
Restructuring Charges — —
APAC — —
EMEA — —
Americas — —
Goodwill — —
Americas — —
APAC — —
EMEA — —
Assets — 2,789.2 100.0%
Americas — —
EMEA — —
APAC — —
U.S — 2,120.2 79.0%
Reconciliation — 104.1
International — 564.9 21.0%
Long-Term Assets — —
Reconciliation — —
U.S — —
International — —
Depreciation and Amortization 145.5 100.0% 156.3 100.0%
Americas — —
EMEA — —
APAC — —
U.S 110.6 78.3% 118.3 76.6%
Reconciliation 4.3 1.8
International 30.7 21.7% 36.2 23.4%
Capital Expenditures -228.9 -258.0
APAC — —
EMEA — —
Americas — —
U.S -187.8 82.1% -209.1 81.0%
International -41.1 17.9% -49.0 19.0%
Source: Bloomberg
FY 2006 FY 2007 FY 2008 FY 2009 FY 2010
12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010
2,688.5 100.0% 3,436.2 100.0% 3,629.5 100.0% 3,879.3 100.0% 3,917.2
— 2,658.9 77.4% 2,778.3 76.5% 3,063.3 79.0% 3,137.9
— 1,240.9 36.1% 1,328.9 36.6% 1,589.9 41.0% 1,829.0
— — — 917.0 23.6% 827.5
— 549.2 16.0% 522.0 14.4% 556.4 14.3% 481.4
— 868.8 25.3% 927.4 25.6% — —
— 367.5 10.7% 368.5 10.2% — —
— 501.3 14.6% 558.9 15.4% — —
— 1,790.1 52.1% 1,850.9 51.0% — —
— 552.1 16.1% 583.8 16.1% 542.8 14.0% 488.5
— 255.4 7.4% 287.4 7.9% 272.0 7.0% 283.2
— — — 142.4 3.7% 126.6
— 162.3 4.7% 152.1 4.2% 128.4 3.3% 78.7
— 134.4 3.9% 144.3 4.0% — —
— 68.0 2.0% 68.4 1.9% — —
— 66.4 1.9% 75.9 2.1% — —
— 417.7 12.2% 439.5 12.1% — —
— 225.2 6.6% 267.4 7.4% 273.2 7.0% 290.8
— 168.9 4.9% 205.4 5.7% 211.4 5.4% 237.3
— — — 45.4 1.2% 45.0
— 14.1 0.4% 15.2 0.4% 16.4 0.4% 8.5
— 42.2 1.2% 46.8 1.3% — —
— 25.5 0.7% 26.9 0.7% — —
— 16.7 0.5% 19.9 0.5% — —
— 183.0 5.3% 220.6 6.1% — —
2,220.5 82.6% — — — —
283.7 10.6% — — — —
90.5 3.4% — — — —
183.3 6.8% — — — —
807.6 30.0% — — — —
855.5 31.8% — — — —
468.0 17.4% — — — —
70.3 2.6% — — — —
397.7 14.8% — — — —
— — — — —
— — 4.50 11.10 1.50
— — -4.70 7.80 -13.70
— — 7.10 20.30 14.00
— — — -0.20 -10.80
— — 6.60 — —
— — 0.10 — —
— — 11.40 — —
— — 3.50 — —
— — 16.10 6.50 -4.30
— — 4.80 17.80 -54.90
— — — -0.40 -9.00
— — 19.60 7.20 0.70
— — 5.70 — —
— — -0.70 — —
— — 15.50 — —
— — 18.40 — —
— — 1.60 -0.10 -6.80
— — -8.10 -8.80 -37.00
— — — 4.90 -7.00
— — 8.00 2.10 7.60
— — 1.40 — —
— — -4.60 — —
— — 7.60 — —
— — 1.80 — —
349.6 100.0% 390.6 100.0% 518.3 100.0% 502.9 100.0% 519.2
— 445.3 104.9% 598.0 100.0% 625.5 98.6% 674.9
— -4.2 -1.0% — 7.0 1.1% 14.4
— -16.6 -3.9% — 1.8 0.3% -13.9
-50.2 -33.9 -79.7 -131.4 -156.2
384.2 96.1% — — — —
15.6 3.9% — — — —
— — — — —
— 11.00 4.50 10.30 2.40
— 1.10 -5.00 6.60 -13.50
— 21.50 7.10 19.60 15.00
— — — -1.10 -9.80
— 4.40 6.70 — —
— 0.50 0.30 — —
— 7.50 11.50 — —
— 14.40 3.40 — —
— 142.80 5.70 -7.00 -10.00
— — — -1.30 -11.10
— 86.10 -6.30 -15.60 -38.70
— 1,158.10 12.50 -5.40 4.10
— 12.10 7.40 — —
— 4.00 0.60 — —
— 21.80 14.30 — —
— 288.60 5.20 — —
— 248.10 18.70 2.20 6.40
— 1,466.70 7.80 7.90 -48.20
— — — -3.00 -0.90
— 612.70 21.60 2.90 12.30
— 5.20 10.90 — —
— -1.50 5.50 — —
— 17.60 19.20 — —
— 643.90 20.50 — —
1.50 — — — —
8.00 — — — —
-13.60 — — — —
2.50 — — — —
-4.50 — — — —
7.40 — — — —
6.60 — — — —
9.30 — — — —
6.20 — — — —
— 14.3 100.0% 76.3 100.0% 27.3 100.0% 11.3
— 0.0 26.3 34.5% 2.8 10.3% 1.7
— 0.7 4.9% 36.4 47.7% 1.8 6.6% 4.9
— 13.6 95.1% 13.6 17.8% 22.7 83.2% 4.7
— 1,240.9 100.0% 1,167.4 100.0% 1,243.4 100.0% 1,471.2
— 749.0 60.4% 772.2 66.1% 817.2 65.7% 998.5
— 228.1 18.4% 153.2 13.1% 197.4 15.9% 217.0
— 263.8 21.3% 242.0 20.7% 228.8 18.4% 255.7
2,847.6 100.0% 5,084.7 100.0% 5,074.1 100.0% 5,502.9 100.0% 6,046.3
— 3,203.9 63.0% 3,576.6 70.5% 3,633.0 66.0% 4,114.7
— 1,090.3 21.4% 861.2 17.0% 1,050.6 19.1% 974.2
— 790.5 15.5% 636.3 12.5% 819.3 14.9% 957.4
2,036.5 74.4% — — — —
109.0 — — — —
702.1 25.6% — — — —
— 1,448.8 100.0% 1,353.0 100.0% 2,976.7 100.0% 3,568.8
— — — 1,649.9 2,224.6
— 1,100.5 76.0% 1,030.6 76.2% 1,019.9 76.9% 985.7
— 348.3 24.0% 322.4 23.8% 306.9 23.1% 358.5
156.7 100.0% 235.1 100.0% 251.9 100.0% 230.1 100.0% 245.9
— 153.9 65.5% 162.1 64.4% 153.8 66.8% 167.9
— 40.2 17.1% 50.9 20.2% 42.4 18.4% 43.7
— 41.0 17.4% 38.9 15.4% 33.9 14.7% 34.3
116.6 75.3% — — — —
1.9 — — — —
38.2 24.7% — — — —
-234.6 -208.2 -162.8 -158.4 -209.7
— -9.7 4.7% -9.4 5.8% -9.8 6.2% -17.4
— -8.0 3.8% -16.0 9.8% -13.6 8.6% -24.6
— -190.5 91.5% -137.4 84.4% -135.0 85.2% -167.7
-183.7 78.3% — — — —
-51.0 21.7% — — — —
FY 2010 FY 2011 FY 2012 FY 2013 FY 2014
12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014
100.0% 4,057.1 100.0% 4,092.1 100.0% 4,002.8 100.0% 4,463.7 100.0%
80.1% 3,206.5 79.0% 3,239.4 79.2% 3,175.8 79.3% 3,605.1 80.8%
46.7% 2,000.9 49.3% 1,991.0 48.7% 2,163.0 54.0% 2,432.6 54.5%
21.1% 809.4 20.0% 846.8 20.7% 629.9 15.7% 690.9 15.5%
12.3% 396.2 9.8% 401.6 9.8% 382.9 9.6% 481.6 10.8%
— — — —
— — — —
— — — —
— — — —
12.5% 517.4 12.8% 525.8 12.8% 508.6 12.7% 532.0 11.9%
7.2% 292.6 7.2% 318.4 7.8% 332.9 8.3% 335.6 7.5%
3.2% 128.7 3.2% 119.9 2.9% 97.8 2.4% 104.3 2.3%
2.0% 96.1 2.4% 87.5 2.1% 77.9 1.9% 92.1 2.1%
— — — —
— — — —
— — — —
— — — —
7.4% 333.2 8.2% 326.9 8.0% 318.4 8.0% 326.6 7.3%
6.1% 269.0 6.6% 260.6 6.4% 263.5 6.6% 266.4 6.0%
1.1% 49.2 1.2% 49.8 1.2% 42.1 1.1% 44.8 1.0%
0.2% 15.0 0.4% 16.5 0.4% 12.8 0.3% 15.4 0.3%
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
1.80 1.50 -1.40 14.40
-17.80 1.40 -4.30 26.20
9.10 0.10 9.10 13.20
-2.80 5.00 -25.00 11.60
— — — —
— — — —
— — — —
— — — —
1.10 -1.00 2.90 7.00
18.40 10.00 -21.80 20.30
-3.10 1.20 -12.00 10.50
-1.90 -2.00 7.30 5.80
— — — —
— — — —
— — — —
— — — —
2.00 8.40 -5.50 4.10
5.00 -5.70 -10.60 15.80
74.10 0.20 -20.90 6.40
1.30 16.60 1.70 0.70
— — — —
— — — —
— — — —
— — — —
100.0% 56.8 100.0% 58.8 100.0% 16.6 100.0% 466.3 100.0%
99.9% 599.1 332.8% 220.8 124.8% 254.0 183.4% 655.9 108.5%
2.1% -143.9 -79.9% 10.0 5.7% -18.3 -13.2% 11.0 1.8%
-2.1% -275.2 ### -53.9 -30.5% -97.2 -70.2% -62.5 -10.3%
-123.2 -118.1 -121.9 -138.1
— — — —
— — — —
— — — —
2.20 1.00 -2.00 13.50
-17.70 1.40 -4.70 25.80
9.40 -0.50 8.60 12.50
-2.20 4.60 -25.60 9.70
— — — —
— — — —
— — — —
— — — —
5.90 1.60 -3.30 4.60
1.70 -6.80 -18.40 6.60
22.10 -8.90 -11.00 6.60
3.30 8.80 4.60 0.80
— — — —
— — — —
— — — —
— — — —
14.60 -1.90 -2.60 2.60
76.50 10.00 -22.40 20.30
9.30 1.20 -15.50 6.40
13.40 -3.10 1.10 1.10
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
— — — —
100.0% 11.6 100.0% — — —
15.0% 3.6 31.0% — — —
43.4% 1.1 9.5% — — —
41.6% 6.9 59.5% — — —
100.0% 1,082.9 100.0% 1,079.1 100.0% 1,057.7 100.0% 1,080.9 100.0%
67.9% 1,002.0 92.5% 998.1 92.5% 987.2 93.3% 1,012.6 93.7%
14.7% 80.9 7.5% 81.0 7.5% 70.5 6.7% 68.3 6.3%
17.4% — — — —
100.0% 5,779.1 100.0% 6,088.6 100.0% 6,178.9 100.0% 6,650.0 100.0%
68.1% 4,385.5 75.9% 4,651.8 76.4% 4,838.5 78.3% 5,295.9 79.6%
16.1% 699.3 12.1% 754.8 12.4% 700.9 11.3% 744.8 11.2%
15.8% 694.3 12.0% 682.0 11.2% 639.5 10.3% 609.3 9.2%
— — — —
— — — —
— — — —
100.0% 3,208.4 100.0% 3,328.2 100.0% 3,340.4 100.0% 3,695.8 100.0%
1,719.6 1,714.5 1,621.9 1,760.1
73.3% 1,031.8 69.3% 1,068.7 66.2% 1,059.7 61.7% 1,090.8 56.4%
26.7% 457.0 30.7% 545.0 33.8% 658.8 38.3% 844.9 43.6%
100.0% 256.1 100.0% 247.6 100.0% 257.5 100.0% 258.1 100.0%
68.3% 168.3 65.7% 154.8 62.5% 168.9 65.6% 177.9 68.9%
17.8% 53.6 20.9% 48.0 19.4% 45.7 17.7% 40.8 15.8%
13.9% 34.2 13.4% 44.8 18.1% 42.9 16.7% 39.4 15.3%
— — — —
— — — —
— — — —
-297.4 -290.1 -353.5 -392.1
8.3% -33.1 11.1% -26.0 9.0% -23.0 6.5% -36.8 9.4%
11.7% -39.9 13.4% -28.4 9.8% -29.2 8.3% -39.5 10.1%
80.0% -224.4 75.5% -235.7 81.2% -301.3 85.2% -315.8 80.5%
— — — —
— — — —
Hospira Inc (HSP US) - By Segment
12 Months Ending 12/31/2004 12/31/2005 12/31/2006
Other Pharma
Revenue — — —
Revenue Growth % — — —
Net Sales % Increased at Constant Currency — — —
Specialty Injectable Pharmaceuticals
Revenue 894.2 845.3 807.6
Revenue Growth % — -5.50 -4.50
Medication Management
Revenue — — —
Pharmaceuticals
Revenue — — —
Devices
Revenue — — —
Sales to Abbott Laboratories
Revenue 180.0 169.1 160.8
Revenue Growth % — -5.60 -4.30
Medication Delivery Systems
Revenue 782.7 796.4 855.5
Revenue Growth % — 1.70 7.40
Injectable Pharmaceutical Contract Manufacturing
Revenue 178.7 178.8 183.3
Other
Revenue 244.6 262.6 283.7
Sales to Third Parties
Revenue 364.8 374.6 397.7
Source: Bloomberg
FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013
12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013
— — 701.2 568.6 507.3 505.6 473.6

— — -1.10 -73.40 80.90 2.50 -8.90
— — 16.80 -78.20 74.70 19.80 -28.10
— — 2,073.3 2,349.5 2,562.5 2,570.0 2,759.4

— — 17.10 31.40 26.10 6.20 14.30
— — 29.60 22.30 10.40 14.70 18.10
— — 1,104.8 999.1 987.3 1,016.5 769.8

— — -3.20 -0.40 8.80 -1.00 -8.30
— — 4.70 -5.20 1.60 6.40 -16.10
2,390.8 2,511.0 — — — — —
946.90 29.10 — — — — —
— 23.70 — — — — —
1,045.4 1,118.5 — — — — —
21.80 25.00 — — — — —
— 13.70 — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
FY 2014
12/31/2014
589.1
64.30
50.50
3,034.6
14.40
19.70
840.0
22.70
43.10
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Hospira Inc (HSP US) - Benchmark
In Millions of USD except Per Share CY 1979 CY 1980 CY 1981
12 Months Ending 12/31/1979 12/31/1980 12/31/1981
Return on Common Equity RETURN_CO — — —
S&P 500 Index RETURN_CO — — —
Return on Capital RETURN_ON_ — — —
S&P 500 Index RETURN_ON_ — — —
Operating Margin OPER_MARGI — — —
S&P 500 Index OPER_MARGI — — —
Price/EPS PE_RATIO — — —
S&P 500 Index PE_RATIO 7.42 9.06 8.07
Price/Book PX_TO_BOOK — — —
S&P 500 Index PX_TO_BOOK — — —
Periodic EV to Trailing 12M EBITDA EV_TO_T12M — — —
S&P 500 Index EV_TO_T12M — — —
Net Debt/EBITDA NET_DEBT_T — — —
S&P 500 Index NET_DEBT_T — — —
Source: Bloomberg
CY 1982 CY 1983 CY 1984 CY 1985 CY 1986 CY 1987 CY 1988
12/31/1982 12/30/1983 12/31/1984 12/31/1985 12/31/1986 12/31/1987 12/30/1988
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
10.17 12.41 9.93 13.47 16.33 15.64 12.19
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
— — — — — — —
CY 1989 CY 1990 CY 1991 CY 1992 CY 1993 CY 1994 CY 1995
12/29/1989 12/31/1990 12/31/1991 12/31/1992 12/31/1993 12/30/1994 12/29/1995
— — — — — — —
— 12.43 8.10 3.49 10.15 16.21 16.11
— — — — — — —
— 7.15 5.09 2.92 5.36 7.39 5.57
— — — — — — —
— 9.71 7.77 7.95 9.27 10.74 11.40
— — — — — — —
14.71 15.28 26.69 24.41 22.06 15.35 17.80
— — — — — — —
— 1.85 2.30 2.51 2.63 2.43 2.93
— — — — — — —
— 6.64 8.83 9.11 8.93 8.18 8.74
— — — — — — —
— 2.54 2.78 2.76 2.87 2.71 2.86
CY 1996 CY 1997 CY 1998 CY 1999 CY 2000 CY 2001 CY 2002
12/31/1996 12/31/1997 12/31/1998 12/31/1999 12/29/2000 12/31/2001 12/31/2002
— — — — — — —
17.23 16.59 16.73 17.65 15.09 5.96 2.90
— — — — — — —
6.18 9.10 5.83 6.09 5.53 2.70 1.45
— — — — — — 14.53
11.92 12.48 11.94 12.72 12.23 9.87 11.27
— — — — — — —
19.00 22.24 28.16 29.29 24.17 26.70 19.13
— — — — — — —
3.16 3.89 4.66 4.98 4.02 3.44 2.78
— — — — — — —
9.59 11.04 13.14 14.09 12.31 12.91 11.19
— — — — — — 0.00
3.07 3.14 3.77 3.89 3.82 4.40 4.70
CY 2003 CY 2004 CY 2005 CY 2006 CY 2007 CY 2008 CY 2009
12/31/2003 12/31/2004 12/30/2005 12/29/2006 12/31/2007 12/31/2008 12/31/2009
18.68 24.74 20.39 17.68 8.81 18.22 18.36
14.66 13.72 15.60 17.73 13.39 4.30 10.64
18.68 20.11 13.82 12.72 7.75 10.39 11.39
4.87 4.93 5.33 6.34 4.69 2.07 5.24
13.74 13.72 12.82 13.00 11.37 14.28 12.96
12.17 13.10 13.18 13.53 12.73 8.35 9.68
— 18.41 22.40 17.31 19.47 10.60 15.14
20.56 18.54 16.91 16.55 17.45 16.73 18.92
— 5.34 5.21 3.99 3.88 2.41 3.18
3.11 2.91 2.73 2.83 2.77 2.00 2.15
— 11.32 14.39 11.48 14.01 7.75 12.45
12.52 12.32 11.42 10.92 10.66 7.83 9.31
0.00 0.98 0.36 0.76 3.20 2.19 1.07
4.68 4.64 4.45 4.11 4.18 3.26 2.38
CY 2010 CY 2011 CY 2012 CY 2013 CY 2014 CY 2015 CY 2016
12/31/2010 12/30/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/30/2016
12.30 -0.31 1.48 -0.28 10.58 — —
14.24 14.94 13.62 14.96 14.29 12.25 12.95
9.68 1.06 2.12 1.00 8.01 — —
6.39 7.17 6.77 8.00 7.43 6.45 6.81
13.25 1.40 1.44 0.41 10.45 — —
12.93 13.05 12.46 13.70 13.33 12.32 12.93
19.55 11.06 18.28 22.86 28.99 42.57 —
15.41 13.43 14.39 17.41 18.37 18.78 20.54
2.92 1.70 1.70 2.31 3.13 4.59 —
2.17 2.05 2.14 2.59 2.82 2.76 2.92
13.63 19.66 20.00 28.80 15.72 — —
9.01 8.16 9.01 10.20 11.17 12.19 12.36
1.49 3.68 3.14 3.80 1.32 — —
2.13 1.52 1.47 1.05 1.14 1.49 1.54
CY 2017 CY 2018
12/29/2017 12/31/2018
— —
13.67 15.97
— —
7.37 8.14
— —
13.26 13.25
— —
21.74 16.52
— —
3.26 2.96
— —
13.29 11.80
— —
1.49 1.56
Hospira Inc (HSP US) - Contractual Obligations
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Debt Schedule
Debt Schedule In Yr 1 BS_YEAR_1_P — — 38.5
Debt Schedule In Yr 3 BS_YEAR_3_P — — —
Debt Schedule - Years 2 - 3 BS_DEBT_SC — — 76.9
Debt Schedule Beyond Yr 5 BS_BEYOND_ — — 518.0
Debt Schedule - Total Debt ARDR_DEBT_ — — 1,010.3
Capital Leases Schedule

Total Future Value of Capital Leases BS_TOTAL_F — — —
Present Value of ST Capital Leases ST_CAPITAL_ — — —
Present Value of LT Capital Leases LT_CAPITAL_ — — —
Total Present Value of Capital Leases BS_TOTAL_C — — —
Operating Leases (Rental Expense) Schedule

Rental Expense - Year 1 BS_RENTAL_ — 31.0 20.9
Rental Expense - Years 2 - 3 BS_RENTAL_ — — 33.5
Rental Expense Beyond Year 5 BS_RENTAL_ — 45.0 74.9
Future Min Oper Lease Obligations BS_FUTURE_ — 139.0 159.3
Contractual Obligations Schedule

Contractual Obligations - Year 1 BS_CONTRAC — — 609.6
Contractual Obligations- Years 2-3 BS_CONTRAC — — 247.6
Contractual Obligations- Years 4-5 BS_CONTRAC — — 406.9
Contractual Obligations - Years 2 - 5 BS_CONTRAC — — 654.5
Contractual Obligations - Beyond Year 5 BS_CONTRAC — — 592.9
Total Contractual Obligations BS_CONTRAC — — 1,857.0
Purchase Obligations BS_PURCHAS — — 394.3
Lines of Credit
Total Line of Credit BS_TOTAL_LI — 375.0 375.0
Line Of Credit Utilized BS_LOC_UTIL — — —
Total Available Line of Credit BS_TOTAL_AV — — 375.0
Commercial Paper
Total Commercial Paper Issued BS_TOT_COM — — —
Contingent Liabilities CONTINGENT_ — — —

Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
41.1 43.4 187.5 446.1 22.6 29.0 29.8

— — — — 500.0 400.0 0.0
— — — — — — 400.0
— — — — 400.0 254.5 253.0
81.1 376.7 949.5 552.4 500.0 400.0 0.0
355.0 49.4 657.7 629.6 400.0 254.5 653.0
436.1 426.1 1,607.2 1,182.0 900.0 654.5 653.0
483.5 462.4 1,137.8 1,079.5 803.9 1,050.0 1,050.0
960.7 931.9 2,932.5 2,707.6 1,730.9 1,747.9 1,748.5
177.3 384.5 2,001.8 1,688.5 784.9 1,143.6 1,151.0
— — — — 0.0 0.0 0.0

— — — — 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
— — — — 0.0 0.0 0.0
23.4 26.8 32.4 30.1 22.1 29.8 33.9

19.9 24.2 29.7 16.0 18.9 27.0 29.0
19.2 24.2 23.7 14.2 14.5 21.1 21.9
18.9 19.9 22.1 12.8 10.6 17.7 16.3
15.8 19.5 20.7 13.1 9.4 14.3 14.8
39.1 48.4 53.3 30.2 33.4 48.1 50.9
34.7 39.4 42.7 25.9 20.0 32.0 31.1
73.8 87.8 96.0 56.1 53.4 80.1 82.0
60.6 62.6 39.6 11.9 23.0 28.0 31.1
157.9 177.2 168.1 98.1 98.5 137.9 147.0
602.2 426.2 630.3 892.1 886.4 704.1 691.2

158.1 463.5 1,173.8 815.0 1,224.4 390.8 766.0
390.0 88.8 757.0 729.3 846.8 885.5 459.8
548.1 552.3 1,930.8 1,544.3 2,071.2 1,276.3 1,225.8
544.1 525.0 1,189.8 1,124.4 926.2 1,823.8 1,739.7
1,694.4 1,503.5 3,750.9 3,560.8 3,883.8 3,804.2 3,656.7
423.0 368.5 423.1 — 1,374.3 568.0 534.2
375.0 375.0 375.0 375.0 700.0 700.0 700.0

— — — 0.0 0.0 0.0 0.0
375.0 375.0 375.0 375.0 700.0 700.0 700.0
— — — — — — 0.0
— — — 98.1 1,472.8 705.9 681.2

FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
22.1 93.7 6.8

— 1.6 3.3
250.0 0.0 550.0
550.0 550.0 0.0
— 1.6 3.3
800.0 550.0 550.0
800.0 551.6 553.3
500.0 1,200.0 1,200.0
1,735.7 1,840.7 1,756.0
963.6 1,042.6 953.6
0.0 0.0 0.0

0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
36.6 31.1 37.8

29.8 25.8 29.4
23.2 20.9 20.8
16.5 15.5 14.1
13.1 14.1 12.1
53.0 46.7 50.2
29.6 29.6 26.2
82.6 76.3 76.4
14.3 27.2 44.2
133.5 134.6 158.4
896.2 871.1 1,079.5

1,141.0 436.9 942.8
707.8 752.3 178.5
1,848.8 1,189.2 1,121.3
1,124.8 1,296.1 1,931.6
3,869.8 3,356.4 4,132.4
858.8 659.9 994.7
1,000.0 1,000.0 1,000.0

0.0 362.0 0.0
1,000.0 638.0 1,000.0
0.0 0.0 0.0
992.3 794.5 1,153.1

Hospira Inc (HSP US) - Pension Analysis
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Pension Net Periodic Cost
Pension Expense (Income) IS_PENSION 14.5 20.4 21.2
Service Cost IS_SERVICE_ 31.6 34.4 22.6
Interest Cost IS_INTEREST 48.1 50.1 29.6
Expected Return on Plan Assets IS_EXPECTE -65.7 -64.4 -35.6
Other Postretirement Cost

Other Postretirement Benefits Expense (In IS_OPRB_EX 36.7 33.6 -45.3
Service Cost IS_SERVICE 9.8 10.9 6.8
Interest Cost IS_INTERES 23.6 21.0 9.8
Expected Return on Plan Assets IS_EXP_RET — — —
Pension Funded Status

Fair Value of Plan Assets IS_FAIR_VAL — 648.5 324.6
Projected Benefit Obligation IS_PROJECTE — 897.6 370.2
Over(Under) Funded Pension IS_OVER_UN — -249.1 -45.6
Actual Return (Loss) on Plan Assets IS_ACT_RET — 63.2 20.6

Employer Contribution IS_EMPLOYE — 58.0 113.5
Benefits Paid IS_BENEFITS — -32.9 -13.8
Pension Funding Ratio PENSION_FU — 72.25 87.69
PBO to Market Capitalization PBO_TO_MARK — — 7.04
Other Postretirement Funded Status

Fair Value of Plan Assets IS_FAIR_VAL — — —
Projected Benefit Obligation IS_PROJECT — 53.6 53.6
Over(Under) Funded Post Ret Benefits IS_OVER_UN — -53.6 -53.6
Actual Return (Loss) on Plan Assets IS_ACTUAL_ — — —

Employer Contribution IS_EMPLOYE — 17.2 6.5
Benefits Paid IS_BENEFITS — -18.0 -6.5
Other Post-Retirement Funding Ratio OTHER_POST — — —
Other Post-Retirement PBO to Market Cap OTHER_POST — — 1.02
Actuarial Assumptions
Pension
Expected Rate Of Return On Plan Assets IS_EXPECTE 9.30 8.70 8.60
Discount Rate used on Plan Liabilities IS_DISC_RAT 6.70 6.00 6.00
Rate of Compensation Increase IS_RATE_OF 4.50 4.40 3.50
Other Postretirement Benefits
Expected Return on Plan Assets IS_EXP_RET 9.30 8.70 8.60
Discount Rate used on Plan Liabilities IS_DISC_RAT 6.70 6.00 6.00
Health Care Cost Trend Projected(next yeaIS_HEALTH_ 9.00 8.00 10.00
Pension Plan Asset Allocation (Amt)

Asset Category - Cash (Amt) ARDR_PENSI — — —
Asset Category - Debt (Amt) ARDR_PENSI — — —
Asset Category - Equities (Amt) ARDR_PENSI — — —
Pension Plan Asset Allocation

Asset Category - Cash % IS_PENSION — — —
Asset Category - Debt % IS_PENSION — 31.00 39.00
Asset Category - Equities % IS_PENSION_ — 69.00 61.00
Pension Plan Asset Allocation Target %

Asset Category - Cash (Target Allocation %IS_TGT_PNS — — —
Asset Category - Debt (Target Allocation %)IS_TGT_PNS — — —
Asset Category - Equities (Target AllocationIS_TGT_PNS — — —
Expected Pension Payments

Year 1 IS_EXPCTD_ — — —
Beyond Year 5 IS_EXP_PEN — — —
Expected Postretirement Benefits

Beyond Year 5 IS_EXPCTD_ — — —
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
-4.0 2.6 1.9 1.9 3.4 4.5 3.5

2.1 2.8 3.0 1.2 1.2 1.0 1.2
22.1 24.4 25.3 25.5 26.3 26.2 25.7
-29.4 -29.9 -29.4 -28.9 -27.7 -29.7 -34.5
6.5 7.2 0.0 5.8 3.9 4.0 3.2

1.4 2.1 0.6 0.2 0.1 0.1 0.1
3.2 3.4 3.5 3.7 3.3 3.2 2.7
— — — — 0.0 0.0 —
343.2 373.3 376.6 282.3 340.1 458.3 486.4

426.1 446.1 445.2 429.0 456.7 494.0 580.8
-82.9 -72.8 -68.5 -146.7 -116.6 -35.7 -94.4
25.0 39.2 30.0 -67.4 45.8 47.2 52.2

1.7 2.0 1.9 6.9 31.7 94.1 2.1
-10.2 -12.0 -20.3 -27.2 -19.7 -23.1 -26.2
80.55 83.68 84.61 65.80 74.47 92.77 83.75
6.16 8.22 6.58 10.02 5.48 5.32 11.61
— — — 0.0 — — —
59.6 51.3 67.0 53.9 58.0 53.5 57.3
-59.6 -51.3 -67.0 -53.9 -58.0 -53.5 -57.3
— — — 0.0 — — —
2.7 2.3 2.8 3.9 3.1 3.3 3.1
-2.7 -2.3 -2.8 -3.9 -3.1 -3.3 -3.1
— — — 0.00 — — —
0.86 0.95 0.99 1.26 0.70 0.58 1.15
8.50 8.40 8.10 — — — —

5.70 5.70 5.90 — — — —
3.60 3.60 2.60 — — — —
8.50 8.40 8.10 — — — —

5.70 5.70 5.90 — — — —
10.00 10.00 9.00 8.50 8.50 8.50 7.50
343.2 373.3 376.6 282.3 340.1 458.3 486.4
— — — — 3.1 0.6 0.0
— — — — 149.1 272.0 334.2
— — — — 187.9 185.7 150.3
343.2 373.3 376.6 282.3 340.1 458.3 486.4

— — — — 1.00 0.00 0.00
39.00 39.00 41.00 47.00 44.00 60.00 69.00
61.00 61.00 59.00 53.00 55.00 40.00 31.00
— — — — — 0.00 0.00
— — — — — 60.00 69.00
— — — — — 40.00 31.00
— — — 19.5 26.3 24.1 26.8

— — — 23.9 24.6 25.3 27.8
— — — 22.6 25.3 26.5 28.6
— — — 23.5 26.5 27.5 29.5
— — — 24.7 27.0 28.7 30.2
— — — 139.2 149.2 156.8 161.0
— — — — — 3.7 3.6
— — — — — 3.8 3.6
— — — — — 3.7 3.5
— — — — — 3.7 3.5
— — — — — 3.6 3.4
— — — — — 17.1 16.4
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
12.1 13.5 9.6

1.2 1.4 1.8
24.1 23.6 26.1
-32.3 -31.3 -31.3
3.0 2.7 2.9

0.2 0.2 0.1
2.3 2.0 2.4
— — 0.0
519.4 507.7 525.9

600.8 555.4 618.6
-81.4 -47.7 -92.7
58.2 15.0 66.5

2.5 2.5 3.4
-27.7 -29.2 -51.7
86.45 91.41 85.01
11.63 8.11 5.93
— — —
54.6 51.6 58.1
-54.6 -51.6 -58.1
— — —
3.1 3.3 2.6
-3.1 -3.3 -2.6
— — —
1.06 0.75 0.56
— — —
— — —
— — —
— — —
— — —
7.50 7.30 7.00
519.4 507.7 525.9
2.3 5.6 3.8
368.1 131.3 107.7
149.0 370.8 414.4
519.4 507.7 525.9

0.00 1.00 0.00
71.00 26.00 79.00
29.00 73.00 21.00
0.00 0.00 0.00

71.00 74.00 74.00
29.00 26.00 26.00
29.3 30.0 30.8

29.8 31.0 31.7
30.4 31.8 31.9
31.0 32.4 32.6
31.1 33.0 33.2
166.7 175.3 174.9
3.3 3.3 3.0

3.3 3.3 2.9
3.2 3.2 2.9
3.2 3.2 2.9
3.1 3.1 2.9
15.3 16.2 15.7
Hospira Inc (HSP US) - Options
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Options Activity
Options Exercised BS_OPTIONS — — —
Options Cancelled Forfeited or Expired BS_OPTIONS — — —
Options Cancelled/Forfeited BS_OPTIONS — — —
Options Adjustment BS_OPTIONS — — —
Options Outstanding End Of Period BS_OPTIONS 8.3 10.2 21.9
Options Exercisable End of Period BS_OPTIONS — — —
Price
Weighted Average Fair Value per Option BS_WEIGHTE — — —
Stock Option Valuation Model BS_STOCK_O — — —
Assumptions
Stock Opt Valuation - Risk Free Rate (%) ARDR_STOCK — — —
Stock Opt Valuation - Expected Life (Yrs) ARDR_STOCK — — —
Stock Opt Valuation - Expected Volatil (%) ARDR_STOCK — — —
Stock Opt Valuation - Dividend Yield (%) ARDR_STOCK — — —
Stock Expense
Expense For Stock-Based Compensation IS_EXPENSE — — 0.0
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
3.5 2.8 3.1 — 3.8 2.4 2.1

— — — — 4.0 5.1 1.5
— — — — 0.7 0.8 0.3
— — — — 0.7 0.8 0.3
— — — — — — —
13.1 13.6 13.1 14.1 13.1 9.6 9.9
— — — 9.3 7.2 4.8 5.7
— — — 11.64 6.54 14.21 14.08
— — — 1.00 1.00 1.00 1.00
— — — 2.30 1.90 1.90 2.00

— — — 4.50 4.40 4.50 4.80
— — — 28.00 30.20 30.20 29.30
— — — 0.00 0.00 0.00 0.00
0.0 35.9 35.9 42.0 40.5 47.5 41.2

FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
3.0 1.8 1.5

0.4 0.7 4.3
0.8 1.2 0.7
0.8 1.2 0.7
— — 0.0
11.7 11.5 8.0
7.1 7.2 4.1
10.01 8.53 11.37
1.00 1.00 1.00
0.80 0.90 1.50

4.80 5.10 4.70
31.30 30.40 27.70
0.00 0.00 0.00
40.0 41.6 52.0

Hospira Inc (HSP US) - Employee Data
12 Months Ending 12/31/2003 12/31/2004 12/31/2005
Number of Employees NUM_OF_EMP 14,000.00 14,000.00 13,000.00
Employees - 1 Yr Growth EMPL_GROW — 0.00 -7.14
Sales per Employee ACTUAL_SAL 187,409.79 188,931.14 202,053.54
Actual Net Income per Employee ACTUAL_NET 18,597.36 21,539.43 18,126.00
Actual Assets per Employee ACTUAL_ASS 160,725.93 167,342.14 214,552.45
Actual Cash Flow per Employee CASH_FLOW_ 26,293.71 27,644.50 43,929.77
Source: Bloomberg
FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012
13,000.00 14,000.00 14,500.00 13,500.00 14,000.00 15,000.00 16,000.00
0.00 7.69 3.57 -6.90 3.70 7.14 6.67
206,808.07 245,445.57 250,310.34 287,355.56 279,800.00 270,473.33 255,756.25
18,283.00 9,768.43 22,131.03 29,918.52 25,514.29 -626.67 2,762.50
219,045.15 363,190.43 349,937.93 407,622.22 431,878.57 385,273.33 380,537.50
32,630.00 39,360.79 40,282.76 69,992.59 22,492.86 28,960.00 29,875.00
FY 2013 FY 2014
12/31/2013 12/31/2014
17,000.00 19,000.00
6.25 11.76
235,458.82 234,931.58
-488.24 17,536.84
363,464.71 350,000.00
18,670.59 34,810.53
Hospira Inc (HSP US) - Fixed Charge
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
EBIT/Interest Expense EBIT_TO_INT — — 19.35
EBIT/Total Interest Expense INTEREST_C 164.43 163.81 14.96
Degree of Financial Leverage DEGREE_FIN 1.00 1.00 1.05
EBITDA less CAPEX /Interest Exp EBITDA_LES 139.55 140.75 11.53
EBITDA/Total Interest Expense EBITDA_TO_T 222.57 230.16 20.96
T12M CFO/Total Debt CFO_TO_TOT — — 0.55

T12M FCF/Total Debt FCF_TO_TOT — — 0.23
Operating Income/Total Debt OPER_INC_T — — 0.52
Total Debt/T12M EBITDA TOT_DEBT_T 0.00 0.00 1.37
Net Debt to T12M EBITDA NET_DEBT_T 0.00 0.00 0.98
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
11.90 11.27 2.90 4.46 4.73 5.14 0.61
8.68 7.87 2.68 4.17 4.49 4.74 0.54
1.09 1.10 1.53 1.29 1.27 1.24 -1.56
6.11 6.11 2.85 4.88 5.12 5.08 0.21
12.71 11.40 4.30 6.20 6.54 6.99 2.97
0.82 0.60 0.25 0.27 0.55 0.18 0.25

0.45 0.27 0.15 0.19 0.45 0.06 0.08
0.48 0.49 0.17 0.24 0.29 0.30 0.03
1.42 1.40 3.58 2.82 2.36 2.28 5.59
0.36 0.76 3.20 2.19 1.07 1.49 3.68
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
0.68 0.19 6.04
0.56 0.15 4.29
-2.14 -0.24 1.20
0.16 -0.72 3.05
2.92 2.50 6.66
0.28 0.17 0.38

0.11 -0.02 0.15
0.03 0.01 0.27
5.66 6.72 2.42
3.14 3.80 1.32
Hospira Inc (HSP US) - CAPEX & Depreciation
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Depreciation Expenses IS_DEPR_EX 129.1 141.4 141.2
Depr Exp / Net Sales DEPR_EXP_T 4.96 5.39 5.34
Depr Exp / Net Fixed Assets DEPR_EXP_T — 0.17 0.16
Accum Depr / Total Assets ACCUM_DEPR 49.56 51.28 52.40
Accum Depr / Gross Fixed Assets ACCUM_DEPR 56.16 57.43 56.47
Capitalized Int Exp IS_CAP_INT_ 2.3 2.2 5.5
Cap Interest/Pretax Income CAPITALIZED 0.65 0.61 1.34
Capital Expenditures CF_CAP_EXP -191.0 -196.7 -228.9
CAPEX/Sales CAP_EXPEND 7.34 7.50 8.65
CAPEX/Total Assets CAP_EXPEND — 8.93 9.97
Capital Expend / Depr Exp CAPEX_TO_D 1.48 1.39 1.62
CAPEX to Depreciation Expense 5 Year Av 5Y_AVG_CAP — — —
Total Capital Expenditures - 1 Yr Growth TOT_CAP_EX — 3.00 16.36
Average Age of Assets in Years AVG_AGE_OF 8.27 8.16 8.69
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
308.9 154.8 183.0 183.2 168.6 164.3 164.6
11.76 5.76 5.33 5.05 4.35 4.19 4.06
0.32 0.15 0.16 0.15 0.14 0.14 0.12
42.67 43.32 26.42 26.57 23.94 23.34 25.73
54.57 54.27 51.27 53.08 53.44 52.45 52.32
10.5 13.4 11.1 8.0 5.8 8.4 12.4
3.26 4.13 5.91 1.96 1.51 2.15 —
-256.1 -235.0 -210.5 -164.3 -159.4 -208.5 -290.5
9.75 8.74 6.13 4.53 4.11 5.32 7.16
9.98 8.34 5.31 3.23 3.01 3.61 4.91
0.83 1.52 1.15 0.90 0.95 1.27 1.76
— 1.37 1.30 1.20 1.07 1.16 1.21
11.91 -8.26 -10.40 -21.95 -2.98 30.80 39.33
3.85 7.97 7.34 7.36 7.81 8.59 9.03
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
164.0 171.8 181.4
4.01 4.29 4.06
0.12 0.11 0.11
26.65 27.71 26.92
52.89 52.10 49.64
18.8 23.5 31.6
— — 8.14
-290.1 -353.5 -392.2
7.09 8.83 8.79
4.89 5.76 6.11
1.77 2.06 2.16
1.33 1.56 1.80
-0.14 21.85 10.95
9.89 9.97 9.87
Hospira Inc (HSP US) - Overview
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Last Price PX_LAST — — 33.50


EBITDA EBITDA 511.9 506.3 508.5
Trailing 12M EBITDA Margin EBITDA_MAR 19.67 19.30 19.23
Net Income (Losses) NET_INCOME 246.7 260.4 301.6
Trailing 12M Earnings per Share TRAIL_12M_E — — 1.82
Price/T12M Earnings per Share PE_RATIO — — 18.41

Dividend Payout Ratio DVD_PAYOUT 0.00 0.00 0.00
Net Fixed Assets BS_NET_FIX_ 833.2 855.3 946.3

Total Liabilities BS_TOT_LIAB 820.0 796.7 1,358.9
Total Equity TOTAL_EQUIT 1,333.8 1,453.5 983.9
Book Value per Share BOOK_VAL_P — — 6.27
Price/Book Value per Share PX_TO_BOOK — — 5.34
Net Tangible Assets per Share TANG_BOOK_ — — 5.75
Altman's Z-Score ALTMAN_Z_S — — 4.49
Cash From Operations CF_CASH_FR 529.4 368.1 387.0

Cash Flow per Share CASH_FLOW_ — — 2.48
Free Cash Flow CF_FREE_CA 338.5 171.4 158.2
Free Cash Flow per Basic Share FREE_CASH_ — — 1.01
Net Changes in Cash CF_NET_CHN 0.0 0.0 127.7
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
13,000.00 13,000.00 14,000.00 14,500.00 13,500.00 14,000.00 15,000.00
42.78 33.58 42.64 26.82 51.00 55.69 30.37

161.7 161.7 158.6 159.6 163.5 166.7 164.7
6,916.2 5,428.8 6,763.2 4,280.5 8,338.5 9,283.5 5,001.9
2,626.7 2,688.5 3,436.2 3,629.5 3,879.3 3,917.2 4,057.1

492.9 506.3 625.8 770.2 733.0 765.1 312.9
18.77 18.83 18.21 21.22 18.90 19.53 7.71
235.6 237.7 136.8 320.9 403.9 357.2 -9.4
1.91 1.94 2.19 2.53 3.37 2.85 2.75
22.40 17.31 19.47 10.60 15.14 19.55 11.06
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 — 0.00 0.00 0.00 0.00 —
990.8 1,039.4 1,276.9 1,192.1 1,147.8 1,279.2 1,355.0

2,789.2 2,847.6 5,084.7 5,074.1 5,502.9 6,046.3 5,779.1
1,461.3 1,486.5 3,339.4 3,297.7 2,879.2 2,862.8 2,841.1
1,327.9 1,361.1 1,745.2 1,776.4 2,623.7 3,183.5 2,938.0
8.21 8.42 11.00 11.13 16.05 19.10 17.84
5.21 3.99 3.88 2.41 3.18 2.92 1.70
7.57 7.75 -0.31 1.28 5.96 7.11 9.10
4.88 4.26 3.37 3.14 4.23 4.46 3.12
571.1 424.2 551.1 584.1 944.9 314.9 434.4

3.59 2.70 3.51 3.67 5.87 1.90 2.62
315.0 189.2 340.5 419.8 785.5 106.4 143.9
1.98 1.20 2.17 2.64 4.88 0.64 0.87
392.9 -198.6 -81.0 242.7 462.2 -341.7 -6.8
12/31/2012 12/31/2013 12/31/2014 09/10/2019 12/31/2015 12/31/2016
16,000.00 17,000.00 19,000.00
31.24 41.28 61.25

165.3 166.0 170.4 172.9
5,164.0 6,852.5 10,437.0
4,092.1 4,002.8 4,463.7 4,703.0 5,068.0

306.4 274.1 724.4 1,056.3 1,155.7
7.49 6.85 16.23 18.66 22.46 22.80
44.2 -8.3 333.2 448.5 552.5
1.71 1.81 2.11 2.59 3.18 3.64
18.28 22.86 28.99
0.00 0.00 0.00 0.00 0.00

0.00 — 0.00 0.00 0.00 0.00
1,445.1 1,574.2 1,816.7 1,909.3

6,088.6 6,178.9 6,650.0 6,783.8
3,046.9 3,217.0 3,313.4 3,170.2
3,041.7 2,961.9 3,336.6 3,613.6
18.40 17.84 19.58 20.90 22.26 26.50
1.70 2.31 3.13
10.26 10.43 12.47 14.02
2.93 3.05 3.93 5.10
478.0 317.4 661.4

2.90 1.92 3.93 3.26 5.08
187.9 -36.1 269.2 -112.0 511.0
1.14 -0.22 1.60
174.6 26.0 4.3
Hospira Inc (HSP US) - As Reported Summary
12 Months Ending 12/31/2004 12/31/2005 12/31/2006
Income Statement
Revenues
Total Revenue ARD_TOTAL_ 2,645.0 2,626.7 2,688.5
Revenues ARD_REVENU 2,645.0 2,626.7 2,688.5
Expenses
Total Operating Expenses ARD_TOTAL_ — — —
Earnings
Operating Income ARD_OPERAT 427.7 336.6 339.6
Net Income ARD_NET_IN 301.6 235.6 237.7
Balance Sheet
Assets
Total Current Assets ARD_TOTAL_ 1,198.3 1,561.2 1,522.9
Total Assets ARD_TOT_AS 2,342.8 2,789.2 2,847.6
Liabilities
Total Current Liabilities ARD_TOTAL_C 536.2 596.2 606.2
Stockholder Equity
Total Shareholders Equity ARD_TOTAL_ 983.9 1,327.9 1,361.1
Total Liabilities and Shareholders EquityARD_TOT_LI 2,342.8 2,789.2 2,847.6
Cash Flows
Cash From Operating Activities
Total Cash Flows From Operations ARD_TOT_CA 387.0 571.1 424.2
Cash From Investing Activities
Total Cash Flows From Investing ARD_TOT_CA -301.3 -184.4 -251.2
Total Cash Flows From Financing ARD_TOT_CA 40.6 8.6 -377.7
Net Change In Cash ARD_NET_CH 127.7 392.9 -198.6
Source: Bloomberg
FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013
12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013
— — — — — — —
3,436.2 3,629.5 3,879.3 3,917.2 4,057.1 4,092.1 4,002.8
— — — 3,398.0 4,000.3 4,033.3 3,986.2
302.6 517.8 502.9 519.2 56.8 58.8 16.6

136.8 320.9 403.9 357.2 -9.4 44.2 -8.3
1,841.0 2,149.3 2,526.2 2,477.5 2,570.7 2,760.4 2,838.5

5,084.7 5,074.1 5,502.9 6,046.3 5,779.1 6,088.6 6,178.9
794.3 1,047.5 881.9 931.6 847.8 1,029.2 1,165.1
1,745.2 1,776.4 2,623.7 3,183.5 2,938.0 3,041.7 2,961.9

5,084.7 5,074.1 5,502.9 6,046.3 5,779.1 6,088.6 6,178.9
551.1 584.1 944.9 314.9 434.4 478.0 317.4
-2,228.0 -264.9 -211.1 -705.4 -282.3 -304.0 -370.3
1,580.2 -60.1 -308.6 35.1 -147.0 -0.6 94.3

-81.0 242.7 462.2 -341.7 -6.8 174.6 26.0
FY 2014
12/31/2014
—
4,463.7
3,997.4
466.3
333.2
2,954.2
6,650.0
1,300.1
3,336.6
6,650.0
661.4
-709.4
71.5
4.3
Hospira Inc (HSP US) - Dividend Summary
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Dividend Payout Ratio DVD_PAYOUT 0.00 0.00 0.00
Dividends Paid CF_DVD_PAI 0.0 0.0 0.0
Total Cash Preferred Dividends IS_TOT_CAS 0.0 0.0 0.0
Trailing 12M Preferred Dividends TRAIL_12M_ 0.0 0.0 0.0
Trailing 12M Common Dividends TRAIL_12M_ 0.0 0.0 0.0
Trailing 12M Dividends Per Share TRAIL_12M_ 0.00 0.00 0.00
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 — 0.00 0.00 0.00 0.00 —
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 — 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 — 0.0 0.0 0.0 0.0 0.0
0.00 0.00 0.00 0.00 0.00 0.00 0.00
FY 2012 FY 2013 FY 2014 FY 2015 Est FY 2016 Est
12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016
0.00 0.00 0.00 0.00 0.00
0.00 — 0.00 0.00 0.00
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
0.00 0.00 0.00
Hospira Inc (HSP US) - Sources of Capital
12 Months Ending 12/31/2002 12/31/2003 12/31/2004
Net Change Short Term Debt NET_CHNG_S — 0.0 0.0
Net Change Long Term Debt NET_CHNG_L — 0.0 698.8
Net Change in Other Liabilities NET_CHNG_S — -23.3 -136.7
Net Change in Liabilities NET_CHANGE_ — -23.3 562.2
Net Change in Liabilities % of Total INCR_IN_LIA — -24.24 606.92
Reinvested Earnings REINVEST_E 246.7 260.4 301.6

External Equity Financing EXTERN_EQY — -140.7 -771.1
Net Change in Total Equity NET_CHANGE — 119.7 -469.5
Increase In Equity % of Total INCR_IN_EQ — 124.24 -506.92
Total Lines of Credit BS_TOTAL_LI — 375.0 375.0

Total Available Lines Of Credit BS_TOTAL_AV — — 375.0
Capital Employed CAPITAL_EM 1,405.0 1,571.1 1,608.4
Source: Bloomberg
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
12/31/2005 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011
2.6 2.0 54.0 279.8 -314.7 9.9 3.1
-3.6 6.8 1,482.3 -350.4 -126.7 7.1 -2.5
103.4 16.5 316.6 28.8 22.9 -33.4 -22.3
102.4 25.2 1,852.9 -41.7 -418.5 -16.4 -21.7
22.95 43.12 82.83 395.06 -97.60 -3.02 8.12
235.6 — 136.8 320.9 403.9 357.2 -9.4

108.3 — 247.4 -289.7 443.4 202.6 -236.1
343.9 33.2 384.1 31.2 847.3 559.8 -245.5
77.05 56.88 17.17 -295.06 197.60 103.02 91.88
375.0 375.0 375.0 375.0 700.0 700.0 700.0

375.0 375.0 375.0 375.0 700.0 700.0 700.0
1,955.7 1,956.1 2,323.7 2,293.9 2,792.1 2,825.1 3,077.9
FY 2012 FY 2013 FY 2014
12/31/2012 12/31/2013 12/31/2014
-7.7 64.8 -86.9
-5.1 40.2 2.2
218.6 65.1 181.1
205.8 170.1 96.4
66.49 188.37 20.46
44.2 -8.3 333.2

59.5 -71.5 41.5
103.7 -79.8 374.7
33.51 -88.37 79.54
1,000.0 1,000.0 1,000.0

1,000.0 638.0 1,000.0
3,176.3 3,247.6 3,470.8

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Hospira Inc (HSP US) - GAAP

In Millions of USD except Per Share FY 2002 FY 2003 FY 2004

Net Income Avail to Common, Adj EARN_FOR_ 246.7 260.4 301.6

Basic Weighted Avg Shares IS_AVG_NUM — — 156.2

Diluted Weighted Avg Shares IS_SH_FOR_D — — 157.2

235.6 237.7 136.8 320.9 550.5 482.5 454.9

159.3 157.4 156.9 159.2 161.0 166.0 165.5

161.6 160.4 160.2 161.3 163.2 169.5 165.5

US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP

283.1 299.0 361.0 541.7 597.3

165.0 165.6 168.2 172.8

166.0 165.6 170.8 176.1

US GAAP US GAAP US GAAP

3,436.2 3,629.5 3,879.3 3,917.2 4,057.1 4,092.1 4,002.8

— — — 3,398.0 4,000.3 4,033.3 3,986.2

134.5 116.2 106.3 101.1 93.1 86.3 86.2

0.87 2.02 2.51 2.15 -0.06 0.27 -0.05

116.8 -307.6 — — -88.0 0.2 -146.5

No n/a n/a n/a n/a n/a n/a

— — — 81.6 91.5 83.6 85.7

Liabilities & Shareholders' Equity

520.6 322.0 241.1 483.8 946.0 604.3 597.5

129.9 131.0 190.3 231.5 842.9 895.5 809.9

US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP

772.1 798.1 802.4

999.4 1,071.3 1,292.7

US GAAP US GAAP US GAAP

241.1 483.8 946.0 604.3 597.5 772.1 798.1

23.7 37.6 49.3 64.7 48.7 71.8 33.1

190.3 231.5 229.5 320.7 241.3 276.0 329.2

2,184.4 1,834.0 1,707.3 1,714.4 1,711.9 1,706.8 1,747.0

— 830.5 755.4 955.5 1,027.0 997.8 1,066.2

Liabilities & Shareholders' Equity

18.7 11.3 4.7 9.5 17.2 10.0 10.3

4.7 4.6 3.7 4.6 15.3 14.8 14.0

US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP

12.7 12.9 12.1

16.4 17.3 19.4

US GAAP US GAAP US GAAP

Cash from Investing Activities

Cash from Financing Activities

Effect of Foreign Exchange Rates CF_EFFECT_ — — —

Cash Paid for Taxes CF_CASH_PA 0.0 0.0 30.7

235.6 237.7 136.8 320.9 403.9 357.2 -9.4

-224.3 -215.7 -210.5 -163.5 -124.5 -164.6 -282.3

0.0 0.0 0.0 0.0 0.0 0.0 0.0

— — — — 37.0 13.7 -11.9

27.2 28.6 72.4 14.9 28.4 78.8 42.7

492.9 506.3 625.8 770.2 733.0 765.1 312.9

44.2 -8.3 333.2

-289.0 -370.3 -286.0

0.0 0.0 0.0

1.2 -15.4 -19.2

10.7 66.5 49.8

306.4 274.1 724.4

136.8 320.9 403.9 357.2 -9.4 44.2 -8.3

— 0.8 49.2 62.6 15.1 12.7 1.4

20.39 17.68 8.81 18.22 18.36 12.30 -0.31

32.32 34.94 34.16 36.42 37.54 38.66 34.45

26.84 26.80 27.17 21.25 — 8.76 —

1.48 -0.28 10.58

27.21 26.99 35.54

Accounts Receivable ACCOUNTS_R -1.17 3.39 0.24