Merck 2010 Annual Report Download - page 89
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Free cash flow was EUR –736 million in 2010, compared to EUR –511 million in 2009. In 2010,
payments totalling EUR 241 million (2009: EUR 16 million) were made in connection with
existing legal risks stemming from the sale of our former Generics subsidiary Dey Inc., USA.
This includes the payment of EUR 215 million pursuant to the settlement with the U.S. Depart-
ment of Justice. Further payments amounting to EUR 26 million relate to compensation payments
as well as legal advisory fees in connection with this legal risk. Additionally, free cash flow reflects
Group administrative costs as well as interest and tax payments.
Adjusted for the effects of the divestment of the Generics business, underlying free cash flow
of the segment Corporate and Other amounted to EUR –496 million, thus remaining at the
level of 2009.
EUR million 2010 2009 ∆ in %
Total revenues – – –
Gross margin – – –
R&D – – –
Operating result –90 –78 14
Exceptional items –68 – –
Free cash flow –736 –511 44
Underlying free cash flow –496 –496 –
Company 85Management Report Corporate governance Consolidated Financial Statements More information
Corporate and Other