Exhibit 99.1

Allergan Reports Continued Strong Execution in Second Quarter 2017 with 9% Increase in GAAP Net Revenues to $4.0 Billion



– Q2 2017 GAAP Continuing Operations Loss Per Share of $2.35; Q2 Non-GAAP Performance Net Income Per Share of $4.02 –

– Q2 2017 GAAP Operating Loss from Continuing Operations of $902.4 Million; Q2 Non-GAAP Adjusted Operating Income from Continuing Operations of $1.9 Billion –

– Q2 2017 GAAP Revenue Growth Versus Prior Year Quarter Powered by Key Promoted Brands and the Addition of CoolSculpting® and ALLODERM® –

– Allergan Continues to Advance Six "Star" R&D Programs –

– Company Raises Full-Year 2017 Continuing Operations Guidance –

DUBLIN, Aug. 3, 2017 /PRNewswire/ -- Allergan plc (NYSE: AGN) today reported its second quarter 2017 continuing operations performance.

Second Quarter 2017 Continuing Operations

 (unaudited; $ in millions, except

per share amounts)


Q2 '17



Q2 '16



Q1 '17



Q2 '17 v Q2

'16


Q2 '17 v Q1

'17


Six

Months

Ended

June 30,

2017

Six

Months

Ended

June 30,

2016

2017

v

2016

Total net revenues**


$

4,007.4



$

3,684.8



$

3,572.9




8.8

%



12.2

%


$

7,580.3


$

7,084.1



7.0

%
































Operating (Loss)


$

(902.4)



$

(487.6)



$

(906.0)




85.1

%



(0.4)

%


$

(1,808.4)


$

(659.1)



174.4

%

Diluted EPS - Continuing Operations


$

(2.35)



$

(1.25)



$

(7.85)




88.0

%



(70.1)

%


$

(10.20)


$

(1.66)



514.5

%

SG&A Expense


$

1,395.0



$

1,210.0



$

1,185.2




15.3

%



17.7

%


$

2,580.2


$

2,306.3



11.9

%

R&D Expense


$

489.4



$

636.5



$

759.9




(23.1)

%



(35.6)

%


$

1,249.3


$

1,039.6



20.2

%

Continuing Operations Tax Rate



44.8

%



37.9

%



17.2

%



6.9

%



27.6

%



25.4

%


56.4

%


(31.0)

%
































Non-GAAP Adjusted Operating Income


$

1,887.2



$

1,858.2



$

1,617.8




1.6

%



16.7

%


$

3,505.0


$

3,591.6



(2.4)

%

Non-GAAP Performance Net Income Per Share


$

4.02



$

3.35



$

3.35




20.0

%



20.0

%


$

7.37


$

6.34



16.2

%

Non-GAAP Adjusted EBITDA


$

2,027.2



$

1,934.8



$

1,734.2




4.8

%



16.9

%


$

3,761.4


$

3,750.2



0.3

%

Non-GAAP SG&A Expense


$

1,216.5



$

1,038.8



$

1,105.9




17.1

%



10.0

%


$

2,322.4


$

2,007.8



15.7

%

Non-GAAP R&D Expense


$

393.9



$

345.0



$

393.9




14.2

%



0.0

%


$

787.8


$

621.5



26.8

%

Non-GAAP Continuing Operations Tax Rate



13.1

%



7.1

%



13.2

%



6.0

%



(0.1)

%



13.1

%


8.3

%


4.8

%
































** Excludes the reclassification of revenues of ($24.4) million in Q2 2016 related to the portion of Allergan product revenues sold by our former Anda Distribution Business into discontinued operations.  Excludes the reclassification of revenues of ($56.3) million in the six months ended June 30, 2016 related to the portion of Allergan product revenues sold by our former Anda Distribution Business into discontinued operations.


Total net revenues were $4.0 billion, a 9 percent increase from the prior year quarter, driven by BOTOX®, JUVEDERM Collection®, the addition of ALLODERM® and CoolSculpting® and new products, including VRAYLAR™, NAMZARIC® and VIBERZI®. The increase was partially offset by lower revenues from ASACOL® HD and MINASTRIN® due to the loss of patent exclusivity, the continuing decline in NAMENDA XR® and lower revenues from RESTASIS®, which was negatively impacted by trade buying patterns in the quarter.

"At the midpoint of 2017, Allergan is delivering strong results from excellent execution by our 18,000 colleagues. With our strong first half performance and solid outlook for the remainder of the year, we are raising our full-year guidance," said Brent Saunders, Chairman and CEO of Allergan. "Revenue growth in the second quarter was powered by significant year-over-year gains from many of our top products, solid contribution from our launch products and successful integrations of LifeCell and ZELTIQ®. And our R&D team is making progress on every front, especially in advancing our six 'star' R&D programs, including the initiation of a Phase 3 study for cenicriviroc, or CVC, for the treatment of NASH."

"I'm proud of our colleagues who bring forward new ideas and build bridges with our customers to improve patient care. They act fast and drive results that make a difference," added Saunders.

Second-Quarter 2017 Performance

GAAP operating loss from continuing operations in the second quarter 2017 was $902.4 million, which includes the impact of amortization, in-process research and development (R&D) impairments, foreign exchange transactional losses and an increase in sales and marketing expenses. Non-GAAP adjusted operating income from continuing operations in the second quarter of 2017 was $1.9 billion, an increase of 1.6 percent versus prior year quarter.

Operating Expenses

Total GAAP Selling, General and Administrative (SG&A) Expense was $1.4 billion for the second quarter 2017, compared to $1.2 billion in the prior year quarter. Total non-GAAP SG&A expense increased to $1.2 billion for the second quarter 2017, compared to $1.0 billion in the prior year period, primarily due to a period-over-period foreign exchange transactional loss of $114.7 million, costs associated with the recently acquired ZELTIQ® and LifeCell businesses and additional selling and promotional expenses for key products. GAAP R&D investment for the second quarter of 2017 was $489.4 million, compared to $636.5 million in the second quarter of 2016. Non-GAAP R&D investment for the second quarter 2017 was $393.9 million, an increase of 14.2 percent over the prior year quarter, due to increased costs associated with clinical programs.

The Company recorded restructuring charges of $65.6 million in the second quarter of 2017 primarily relating to the planned SG&A cost management initiatives due to changing industry dynamics and in advance of anticipated patent expirations. In addition, it includes planned optimization of our R&D infrastructure and prioritization of the R&D portfolio to enable increased investment in the Company's highest potential projects.

Amortization, Other Income (Expense) Net, Tax and Capitalization

Amortization expense from continuing operations for the second quarter 2017 was $1.8 billion, compared to $1.6 billion in the second quarter of 2016. Included within other income (expense), net in the three months ended June 30, 2017 is a net charge of $161.5 million for the early tender payment and non-cash write-off of premiums and debt fees related to our repurchased notes. The Company's GAAP continuing operations tax rate was 44.8 percent in the second quarter 2017. The Company's non-GAAP adjusted continuing operations tax rate was 13.1 percent in the second quarter 2017. As of June 30, 2017, Allergan had cash and marketable securities of $5.8 billion and outstanding indebtedness of $30.2 billion.

Discontinued Operations and Continuing Operations

As a result of the divestiture of the Company's generics business and the divestiture of the Company's Anda Distribution business in 2016, the financial results of those businesses have been reclassified to discontinued operations for all periods presented in our consolidated financial statements up through the date of the divestitures. Included in segment revenues in the three months ended June 30, 2016 are product sales that were sold by the Anda Distribution business once the Anda Distribution business had sold the product to a third-party customer. These sales are included in segment results and are excluded from total continuing operations revenues through a reduction to Corporate revenues. Cost of sales for these products in discontinued operations is equal to our average third-party cost of sales for third-party branded products distributed by Anda Distribution.

Second Quarter 2017 Business Segment Results

U.S. Specialized Therapeutics

Segment Information

 (Unaudited; $ in millions)


Three Months Ended June 30,




2017



2016 (1)


Eye Care


$

600.1



$

636.1


Total Medical Aesthetics



643.9




419.8


Facial Aesthetics



349.2




320.2


Plastic Surgery



61.3




52.8


Regenerative Medicine



115.8




-


Body Contouring



78.9




-


Skin Care



38.7




46.8


Medical Dermatology



81.8




97.1


Neuroscience & Urology



372.6




326.3


Other Revenues



16.6




9.6


Net revenues


$

1,715.0



$

1,488.9


Operating expenses:









Cost of sales(2)



128.8




75.1


Selling and marketing



356.8




287.8


General and administrative



49.8




46.0


Segment contribution


$

1,179.6



$

1,080.0


Segment margin



68.8

%



72.5

%

Segment gross margin(3)



92.5

%



95.0

%










(1) Includes revenues earned that were distributed through our former Anda Distribution business to third party customers.


(2) Excludes amortization and impairment of acquired intangibles including product rights as well as indirect cost of sales not attributable to segment results.


(3) Defined as net revenues less segment related cost of sales as a percentage of net revenues.


U.S. Specialized Therapeutics net revenues in the second quarter of 2017 were $1.72 billion, an increase of 15.2 percent versus prior year quarter, driven primarily by the addition of CoolSculpting® and ALLODERM® as well as growth from BOTOX®, offset by decreased revenues from RESTASIS®, ACZONE® and TAZORAC®.

Eye Care

  • RESTASIS® net revenues of $336.4 million in the second quarter of 2017 decreased 9.4 percent versus the prior year quarter, primarily driven by trade buying patterns. RESTASIS® volume demand remains stable.
  • The Glaucoma franchise experienced a modest decline, with ALPHAGAN®/COMBIGAN® net revenues in the second quarter of 2017 remaining stable at $96.4 million, while LUMIGAN® net revenues of $79.0 million declined 2 percent versus prior year quarter, impacted primarily by generic competition.
  • OZURDEX® net revenues in the second quarter of 2017 increased 15.8 percent from the prior year quarter to $24.9 million, driven by continued strong demand from the diabetic macular edema indication.

Medical Aesthetics

  • The Facial Aesthetics franchise continues to deliver strong growth with revenues increasing 9.1 percent versus prior year quarter.
    • BOTOX® Cosmetic net revenues in the second quarter of 2017 were $210.3 million, up 10.7 percent versus prior year quarter, reflecting continued strong volume growth.
    • JUVÉDERM® Collection (defined as JUVÉDERM®, VOLUMA® and other fillers) net revenues in the second quarter of 2017 were $126.2 million, up 7.3 percent versus prior year quarter, driven by continued strong demand and market share gains.
    • KYBELLA® net revenues in the second quarter of 2017 were $12.7 million, unchanged from the prior year quarter.
  • Regenerative Medicine
    • ALLODERM® net revenues in the second quarter of 2017 were $84.6 million
    • STRATTICE™ net revenues in the second quarter of 2017, a component of "other" Regenerative Medicine, were $29.7 million.
  • Body Contouring
    • CoolSculpting® net revenues (including both CoolSculpting® Systems/Applicators and Consumables) in the second quarter of 2017 were $78.9 million following the close of the ZELTIQ® acquisition on April 28, 2017.
  • Plastic Surgery
    • Breast implant net revenues in the second quarter of 2017 were $61.3 million, an increase of 18.6 percent versus prior year quarter, driven by higher demand following the launch of INSPIRA™ breast implants.
  • Skin Care
    • SkinMedica® net revenues in the second quarter of 2017 were $25.4 million, a decrease of 12.7%, primarily due to a higher comparable base in the second quarter of 2016 with the launch of the HA5 product, continued customer mix shift and lower net pricing.

Medical Dermatology

  • ACZONE® net revenues in the second quarter of 2017 were $41.0 million, a decrease of 24.2%, primarily impacted by generic pressure on the acne category and trade buying patterns.
  • TAZORAC® net revenues in the second quarter of 2017 were $12.8 million, a decrease of 45.3%, primarily due to generic competition.

Neurosciences & Urology

  • BOTOX® Therapeutic net revenues in the second quarter of 2017 were $346.9 million, up 17.2 percent versus prior year quarter, driven by continued strong demand across chronic migraine, overactive bladder and adult spasticity indications.
  • RAPAFLO® net revenues in the second quarter of 2017 were $25.7 million, a decrease of 12.6 percent versus prior year quarter, impacted by lower demand.

U.S. Specialized Therapeutics gross margin for the second quarter of 2017 was 92.5 percent, impacted by the contribution of the LifeCell and ZELTIQ® acquisitions. SG&A expenses in the segment for the second quarter 2017 were $406.6 million. Selling and marketing expenses in the segment for the second quarter 2017 were $356.8 million, an increase of 24.0 percent versus prior year quarter mainly attributed to the contribution of the LifeCell and ZELTIQ® acquisitions, as well as increased promotional spending for key products. General and administrative expenses at the segment level for the second quarter 2017 were $49.8 million, an increase of 8.3 percent versus prior year quarter mainly attributed to the LifeCell and ZELTIQ® acquisitions. Segment contribution for the second quarter 2017 remained strong at $1.2 billion, an increase of 9.2 percent versus the prior year quarter, driven by increased revenues following recent acquisitions.

U.S. General Medicine

Segment Information

 (Unaudited; $ in millions)


Three Months Ended June 30,




2017



2016 (1)


Central Nervous System


$

346.6



$

317.5


Gastrointestinal



410.8




442.0


Women's Health



248.0




296.1


Anti-Infectives



67.8




63.1


Diversified Brands



305.5




308.5


Other Revenues



49.0




21.9


Net revenues


$

1,427.7



$

1,449.1


Operating expenses:









Cost of sales(2)



203.2




214.9


Selling and marketing



288.1




332.7


General and administrative



41.3




43.7


Segment contribution


$

895.1



$

857.8


Segment margin



62.7

%



59.2

%

Segment gross margin(3)



85.8

%



85.2

%










(1) Includes revenues earned that were distributed through our former Anda Distribution business to third party customers.


(2) Excludes amortization and impairment of acquired intangibles including product rights as well as indirect cost of sales not attributable to segment results.


(3) Defined as net revenues less segment related cost of sales as a percentage of net revenues.


U.S. General Medicine net revenues in the second quarter 2017 were $1.43 billion, a decrease of 1.5 percent versus the prior year quarter, impacted primarily by lower revenues from generic competition to ASACOL®, MINASTRIN® 24 and NAMENDA XR ®, offset primarily by strong growth from VRAYLAR™, VIBERZI®, NAMZARIC®, LINZESS® and Lo LOESTRIN®.

Central Nervous System

  • Allergan CNS franchise net revenues of $346.6 million increased 9.2 percent versus the prior year quarter as a result of continued strong growth from VRAYLAR™ and NAMZARIC®, offset by of lower revenues from NAMENDA® XR.
  • NAMENDA XR® net revenues in the second quarter of 2017 were $118.7 million, a decrease of 28.7 percent versus the prior year quarter, driven primarily by lower demand as a result of a reduction in promotional support and continued conversion to NAMZARIC®, as well as lower net pricing.
  • NAMZARIC® net revenues in the second quarter of 2017 increased to $33.4 million from $12.8 million in the prior year quarter driven by continued conversion and increased demand following an expanded label with new dosages for the product allowing patients to begin combination therapy on NAMZARIC®.
  • VRAYLAR™ net revenues in the second quarter of 2017 were strong at $66.3 million, reflecting its continued rapid acceptance in its second year post-launch.
  • VIIBRYD®/FETZIMA® net revenues in the second quarter of 2017 were $85.2 million, an increase of 4.3 percent versus the prior year quarter.
  • SAPHRIS® net revenues in the second quarter of 2017 were $43.0 million, an increase of 4.1 percent versus the prior year quarter.

Gastrointestinal

  • LINZESS® net revenues in the second quarter of 2017 were $167.8 million, an increase of 11.5 percent versus prior year quarter, driven by strong demand and continued OTC conversion.
  • VIBERZI® net revenues in the second quarter of 2017 were $41.3 million, driven by continued demand growth.
  • ASACOL®/DELZICOL® net revenues in the second quarter of 2017 were $45.6 million, a decrease of 61.9 percent versus the prior year quarter, impacted by generic entry for ASACOL® HD and a decline in demand for DELZICOL®.
  • ZENPEP® net revenues in the second quarter of 2017 were $50.5 million, an increase of 17.4% versus the prior year quarter, driven by continued strong demand.

Women's Health

  • Lo LOESTRIN® net revenues in the second quarter of 2017 were $113.0 million, up 11.9 percent versus prior year quarter, driven by strong prescription growth. Lo LOESTRIN® remains the number one prescribed branded oral contraceptive.
  • ESTRACE® Cream net revenues in the second quarter were $90.1 million, a decrease of 7.3 percent versus prior year quarter, impacted by lower net pricing and trade buying patterns.
  • MINASTRIN® 24 net revenues in the second quarter of 2017 were $11.4 million, a decrease of 86.3 percent versus prior year quarter, impacted by loss of patent exclusivity for MINASTRIN® 24 on March 15, 2017.
  • TAYTULLA™ net revenues, a component of "other" Women's Health, were $17.1 million in the second quarter of 2017 following launch of this new oral contraceptive soft gel product in November 2016.

Anti-Infectives

  • TEFLARO® net revenues in the second quarter of 2017 were $33.0 million, a decrease of 6.3 percent versus prior year quarter, driven by lower demand.
  • DALVANCE® net revenues in the second quarter of 2017 were $15.2 million driven by increasing demand.
  • AVYCAZ® net revenues in the second quarter of 2017 were $14.5 million, driven by increasing demand.

Diversified Brands and Other Products

  • Diversified Brands net revenues in the second quarter of 2017 were $305.5 million, a decrease of 1.0 percent versus prior year quarter.
  • BYSTOLIC®/BYVALSON® net revenues in the second quarter of 2017 were $150.7 million, versus $150.3 million in the prior year quarter. BYSTOLIC® remains the flagship product of Allergan's primary care sales force.

U.S. General Medicine gross margin for the second quarter of 2017 increased to 85.8 percent due to the Company reacquiring rights to select licensed products in the segment, which had the impact of lowering royalty expense on these products. SG&A expenses in the segment were $329.4 million in the second quarter of 2017. Selling and marketing expenses in the segment were $288.1 million, a decrease of 13.4 percent versus prior year quarter due to decreased salesforce compensation and promotional spending. General and administrative expenses decreased to $41.3 million at the segment level. Segment contribution for the second quarter 2017 was $895.1 million.

International

Segment Information

(Unaudited; $ in millions)


Three Months Ended June 30,




2017



2016


Eye Care


$

322.0



$

318.7


Total Medical Aesthetics



358.0




284.1


Facial Aesthetics



287.5




240.6


Plastic Surgery



41.5




40.3


Regenerative Medicine



3.6




-


Body Contouring



22.7




-


Skin Care



2.7




3.2


Botox Therapeutics and Other



151.2




141.1


Other Revenues



27.3




13.1


Net revenues


$

858.5



$

757.0


Operating expenses:









Cost of sales(1)



125.0




115.0


Selling and marketing



238.9




207.2


General and administrative



28.3




30.9


Segment contribution


$

466.3



$

403.9


Segment margin



54.3

%



53.4

%

Segment gross margin (2)



85.4

%



84.8

%










(1) Excludes amortization and impairment of acquired intangibles including product rights  as well as indirect cost of sales not attributable to segment results.


(2) Defined as net revenues less segment related cost of sales as a percentage of net revenues.


International net revenues were $858.5 million, an increase of 16.2 percent versus prior year quarter excluding foreign exchange impact, driven by growth in Facial Aesthetics, BOTOX® Therapeutic and the addition of LifeCell and CoolSculpting® in Medical Aesthetics.

Medical Aesthetics

  • Facial Aesthetics
    • BOTOX® Cosmetic revenues in the second quarter of 2017 were $148.2 million, an increase of 15.5 percent versus prior year quarter excluding foreign exchange impact, driven by continued strong growth across most regions.
    • JUVÉDERM® Collection revenues in the second quarter of 2017 were $137.3 million, an increase of 30.2 percent versus prior year quarter excluding foreign exchange impact, reflecting continued strong performance across all regions.
  • Plastic Surgery
    • Breast implant revenues in the second quarter of 2017 were $41.1 million, an increase of 4.4 percent versus prior year quarter, excluding foreign exchange impact.
  • Body Contouring
    • CoolSculpting® net revenues (including both CoolSculpting® Systems/Applicators and Consumables) in the second quarter of 2017 were $22.7 million following the close of the ZELTIQ® acquisition on April 28, 2017.

Eye Care

  • LUMIGAN®/GANFORT® and ALPHAGAN®/COMBIGAN® revenues in the second quarter of 2017 were $94.4 million and $42.7 million, respectively, reflecting continued stable performance across Allergan's glaucoma product franchise.
  • OZURDEX® revenues in the second quarter of 2017 were $51.2 million, up 15.1 percent versus prior year quarter excluding foreign exchange impact, reflecting strong demand across all regions.
  • OPTIVE® revenues in the second quarter of 2017 were $27.6 million, up 6.2 percent versus prior year quarter excluding foreign exchange impact, reflecting strong demand across most regions.

Botox Therapeutic & Other Products

  • BOTOX® Therapeutic revenues in the second quarter of 2017 were $93.8 million, up 13.7 percent versus prior year quarter excluding foreign exchange impact, reflecting continued volume growth across most regions.
  • ASACOL®/DELZICOL® revenues in the second quarter of 2017 were $12.8 million, a decrease of 26.4 percent versus prior year quarter excluding foreign exchange impact.

International gross margin for the second quarter of 2017 was 85.4 percent. SG&A expenses in the segment were $267.2 million in the second quarter of 2017. Selling and marketing expenses in the segment were $238.9 million, an increase of 17.7 percent versus prior year excluding foreign exchange impact, primarily due to investments in key brands and market expansion and the addition of ZELTIQ®. Segment contribution was $466.3 million.

Corporate Function

Included within our corporate function are shared costs, including above site and unallocated costs associated with running our global manufacturing facilities, corporate general and administrative expenses and corporate initiatives.

Pipeline Update

Allergan R&D continues to deliver on its pipeline. Key development highlights included:

U.S. and International Branded Product Approvals and Launches

  • Allergan announced the launch of the over-the-counter (OTC) artificial tear REFRESH OPTIVE® MEGA-3, the latest innovation in the REFRESH® portfolio that fortifies the lipid layer when Meibomian Gland Dysfunction (MGD) patients suffer from Dry Eye.

Regulatory Milestones & Clinical Updates

  • Allergan has initiated patient enrollment in a Phase 3 study of cenicriviroc (CVC). The study is being conducted to confirm the efficacy and safety of CVC for the treatment of liver fibrosis in adult subjects with NASH.
  • Allergan and Amgen Inc. announced that the Oncologic Drugs Advisory Committee of the FDA review data supporting the Biologics License Application (BLA) for ABP 215, a biosimilar candidate to Avastin®. Following the review, the Advisory Committee unanimously recommended ABP 215 for FDA approval.

Allergan Raises Full Year 2017 Continuing Operations Guidance

This update to Allergan's full year 2017 estimates are based on management's current belief about prescription trends, pricing levels, inventory levels and the anticipated timing of future product launches and events. Continuing operations includes the U.S. Specialized Therapeutics, U.S. General Medicine and International segments.

The following guidance includes the following assumptions:

  • Full-Year 2017:
    • Net Revenues reflect no NAMENDA XR® generic launch until the first quarter of 2018 and no impact of foreign exchange headwind to revenue
    • Non-GAAP Gross Margin reflects better than expected first half 2017 gross margins
    • Non-GAAP SG&A reflects increase in G&A due to unfavorable transactional foreign exchange impact
    • Non-GAAP Net Interest Expense assumes Teva dividend income in the third quarter of 2017
    • Other prior assumptions remain unchanged including, but not limited to:
      • RESTASIS® remains stable
      • No ESTRACE® Cream generic entry in 2017
      • R&D Expense reflects faster clinical program enrollment, lower than expected attrition
      • Non-GAAP Average Share count assumes Accelerated Share Repurchase settlement in the third quarter of 2017


Current Guidance

Previous Guidance

Full Year 2017

GAAP

NON-GAAP

GAAP

NON-GAAP






Total Net Revenues

$15,850 – $16,050

million

$15,850 – $16,050

million

$15,800 – $16,000

million

$15,800 – $16,000

million

Gross Margin (as a % of revenues)

~86.0% - 86.5%

~86.5-87.0%

~84.5% - 85.5%

~86.0-87.0%

SG&A Expense

~$4.950 - $5.050

billion

~$4.500 - $4.600

billion

~$4.750 - $4.850

billion

~$4.450 - $4.550

billion

R&D Expense

~$2.15 billion

~$1.60 billion

~$2.10 billion

~$1.60 billion

Net Interest Expense/Other Income

~$3.05 billion

~$1.00 billion

~$3.00 billion

~$1.075 billion

Tax Rate

~25.5%

~13.0%

~19.0%

~13.0%

Net Income / (Loss) Per Share1

$(10.80) - $(11.20)

$16.05 - $16.45

$(9.70) - $(10.20)

$15.85 - $16.35

Average 2017 Share Count2

~334 million shares

~356 million shares

~334 million shares

~356 million shares






1 GAAP represents EPS for ordinary shareholders. GAAP (loss) per share includes the impact of amortization of approximately $7.05 billion, IPR&D impairments and asset sales and impairments, net of $1.1 billion and dividends on preferred shares of approximately $278 million. Non-GAAP represents performance net income per share.






2 GAAP EPS shares do not include dilution of shares as earnings are a net loss.  As such, the dilution impact of preferred share conversion and outstanding equity awards is not included in the forecasted shares.

Second Quarter 2017 Conference Call and Webcast Details

Allergan will host a conference call and webcast today, Thursday, August 3, at 8:30 a.m. Eastern Time to discuss its second quarter 2017 results. The dial-in number to access the call is U.S./Canada (877) 251-7980, International (706) 643-1573, and the conference ID is 65876037. A taped replay of the conference call will also be available beginning approximately two hours after the call's conclusion, and will remain available through 11:30 p.m. Eastern Time on September 4, 2017. The replay may be accessed by dialing (855) 859-2056 and entering the conference ID 65876037. From international locations, the replay may be accessed by dialing (404) 537-3406 and entering the same conference ID.

To access the live webcast, please visit Allergan's Investor Relations Web site at https://www.allergan.com/investors. A replay of the webcast will also be available.

About Allergan plc

Allergan plc (NYSE: AGN), headquartered in Dublin, Ireland, is a bold, global pharmaceutical company and a leader in a new industry model – Growth Pharma. Allergan is focused on developing, manufacturing and commercializing branded pharmaceutical, device, biologic, surgical and regenerative medicine products for patients around the world.

Allergan markets a portfolio of leading brands and best-in-class products for the central nervous system, eye care, medical aesthetics and dermatology, gastroenterology, women's health, urology and anti-infective therapeutic categories.

Allergan is an industry leader in Open Science, a model of research and development, which defines our approach to identifying and developing game-changing ideas and innovation for better patient care. With this approach, Allergan has built one of the broadest development pipelines in the pharmaceutical industry with 70+ mid-to-late stage pipeline programs currently in development.

Allergan's success is powered by our more than 18,000 global colleagues' commitment to being Bold for Life. Together, we build bridges, power ideas, act fast and drive results for our customers and patients around the world by always doing what is right.

With commercial operations in approximately 100 countries, Allergan is committed to working with physicians, healthcare providers and patients to deliver innovative and meaningful treatments that help people around the world live longer, healthier lives every day.

For more information, visit Allergan's website at www.Allergan.com.

Forward-Looking Statement

Statements contained in this press release that refer to future events or other non-historical facts are forward-looking statements that reflect Allergan's current perspective on existing trends and information as of the date of this release. Actual results may differ materially from Allergan's current expectations depending upon a number of factors affecting Allergan's business. These factors include, among others, the difficulty of predicting the timing or outcome of FDA approvals or actions, if any; the impact of competitive products and pricing; market acceptance of and continued demand for Allergan's products; difficulties or delays in manufacturing; and other risks and uncertainties detailed in Allergan's periodic public filings with the Securities and Exchange Commission, including but not limited to Allergan's Annual Report on Form 10-K for the year ended December 31, 2016 and Allergan's Quarterly Report on Form 10-Q for the period ended March 31, 2017. Except as expressly required by law, Allergan disclaims any intent or obligation to update these forward-looking statements.

The following presents Allergan plc's statement of operations for the three and six months ended June 30, 2017 and 2016:


Table 1


ALLERGAN PLC


CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


(Unaudited; in millions, except per share amounts)





















Three Months Ended



Six Months Ended




June 30



June 30,




2017



2016



2017



2016


Net revenues


$

4,007.4



$

3,684.8



$

7,580.3



$

7,084.1



















Operating expenses:

















Cost of sales (excludes amortization and impairment of

















    acquired intangibles including product rights)



550.2




441.5




1,000.6




918.9


Research and development



489.4




636.5




1,249.3




1,039.6


Selling, general and administrative



1,395.0




1,210.0




2,580.2




2,306.3


Amortization



1,757.9




1,633.1




3,493.9




3,222.8


In-process research and development impairments



703.3




268.9




1,043.3




274.9


Asset sales and impairments, net



14.0




(17.6)




21.4




(19.3)


Total operating expenses



4,909.8




4,172.4




9,388.7




7,743.2


Operating (loss)



(902.4)




(487.6)




(1,808.4)




(659.1)



















Non-operating income (expense):

















Interest income



16.6




2.5




41.9




5.4


Interest (expense)



(277.4)




(345.8)




(567.1)




(678.6)


Other income (expense), net



(133.5)




150.1




(2,056.3)




150.6


Total other income (expense), net



(394.3)




(193.2)




(2,581.5)




(522.6)


(Loss) before income taxes and noncontrolling interest



(1,296.7)




(680.8)




(4,389.9)




(1,181.7)


(Benefit) for income taxes



(581.2)




(258.2)




(1,113.3)




(666.9)


Net (loss) from continuing operations, net of tax



(715.5)




(422.6)




(3,276.6)




(514.8)


(Loss) / income from discontinued operations, net of tax



(8.4)




(77.3)




(11.5)




271.3


Net (loss)



(723.9)




(499.9)




(3,288.1)




(243.5)


(Income) attributable to noncontrolling interest



(2.0)




(1.8)




(3.0)




(2.5)


Net (loss) attributable to shareholders



(725.9)




(501.7)




(3,291.1)




(246.0)


Dividends on preferred shares



69.6




69.6




139.2




139.2


Net (loss) attributable to ordinary shareholders


$

(795.5)



$

(571.3)



$

(3,430.3)



$

(385.2)



















(Loss) / income per share attributable to ordinary shareholders -

   basic:

















Continuing operations


$

(2.35)



$

(1.25)



$

(10.20)



$

(1.66)


Discontinued operations



(0.02)




(0.19)




(0.03)




0.69


Net (loss) per share - basic


$

(2.37)



$

(1.44)



$

(10.23)



$

(0.97)


(Loss) / income per share attributable to ordinary shareholders -

   diluted:

















Continuing operations


$

(2.35)



$

(1.25)



$

(10.20)



$

(1.66)


Discontinued operations



(0.02)




(0.19)




(0.03)




0.69


Net (loss)  per share - diluted


$

(2.37)



$

(1.44)



$

(10.23)



$

(0.97)



















Dividends per ordinary share


$

0.70



$

-



$

1.40



$

-



















Weighted average shares outstanding:

















Basic



335.2




395.6




335.2




395.2


Diluted



335.2




395.6




335.2




395.2


The following table details Allergan plc's product revenue for significant promoted products globally, within the U.S., and international for the three and six months ended June 30, 2017 and 2016.


Table 2


ALLERGAN PLC


NET REVENUES TOP GLOBAL PRODUCTS


(Unaudited; in millions)





















































Three Months Ended June 30, 2017



Three Months Ended June 30, 2016



Movement




US Specialized Therapeutics



US General Medicine



International



Corporate



Total



US Specialized Therapeutics



US General Medicine



International



Corporate



Total



Total

Change



Total Change Percentage


Botox®


$

574.0



$

-



$

242.1



$

-



$

816.1



$

502.2



$

-



$

217.5



$

-



$

719.7



$

96.4




13.4

%

Restasis®



336.4




-




17.3




-




353.7




371.3




-




19.3




-




390.6




(36.9)




(9.4)

%

Juvederm Collection **



126.2




-




137.3




-




263.5




117.6




-




107.3




-




224.9




38.6




17.2

%

Lumigan®/Ganfort®



79.0




-




94.4




-




173.4




80.6




-




94.5




-




175.1




(1.7)




(1.0)

%

Linzess®/Constella®



-




167.8




5.5




-




173.3




-




150.5




4.6




-




155.1




18.2




11.7

%

Bystolic® /Byvalson®



-




150.7




0.5




-




151.2




-




150.3




0.4




-




150.7




0.5




0.3

%

Alphagan®/Combigan®



96.4




-




42.7




-




139.1




96.0




-




44.2




-




140.2




(1.1)




(0.8)

%

Eye Drops



50.7




-




70.7




-




121.4




49.1




-




72.0




-




121.1




0.3




0.2

%

Namenda XR®



-




118.7




-




-




118.7




-




166.5




-




-




166.5




(47.8)




(28.7)

%

Lo Loestrin®



-




113.0




-




-




113.0




-




101.0




-




-




101.0




12.0




11.9

%

Breast Implants



61.3




-




41.1




-




102.4




51.7




-




40.2




-




91.9




10.5




11.4

%

Estrace® Cream



-




90.1




-




-




90.1




-




97.2




-




-




97.2




(7.1)




(7.3)

%

Alloderm®



84.6




-




2.3




-




86.9




-




-




-




-




-




86.9



n.a.


Viibryd®/Fetzima®



-




85.2




0.7




-




85.9




-




81.7




0.1




-




81.8




4.1




5.0

%

Ozurdex ®



24.9




-




51.2




-




76.1




21.5




-




45.7




-




67.2




8.9




13.2

%

Vraylar



-




66.3




-




-




66.3




-




11.1




-




-




11.1




55.2



n.m.


Coolsculpting® Consumables



47.9




-




12.5




-




60.4




-




-




-




-




-




60.4



n.a.


Carafate ® /Sulcrate ®



-




59.2




0.7




-




59.9




-




50.3




0.6




-




50.9




9.0




17.7

%

Asacol®/Delzicol®



-




45.6




12.8




-




58.4




-




119.8




11.0




-




130.8




(72.4)




(55.4)

%

Zenpep®



-




50.5




-




-




50.5




-




43.0




-




-




43.0




7.5




17.4

%

Saphris®



-




43.0




-




-




43.0




-




41.3




-




-




41.3




1.7




4.1

%

Canasa®/Salofalk®



-




38.4




4.3




-




42.7




-




46.7




4.6




-




51.3




(8.6)




(16.8)

%

Armour Thyroid



-




42.0




-




-




42.0




-




40.6




-




-




40.6




1.4




3.4

%

Viberzi®



-




41.3




0.1




-




41.4




-




20.4




-




-




20.4




21.0




102.9

%

Coolsculpting® Systems & Add On Applicators



31.0




-




10.2




-




41.2




-




-




-




-




-




41.2



n.a.


Aczone®



41.0




-




0.1




-




41.1




54.1




-




0.1




-




54.2




(13.1)




(24.2)%


Namzaric®



-




33.4




-




-




33.4




-




12.8




-




-




12.8




20.6




160.9

%

Teflaro®



-




33.0




-




-




33.0




-




35.2




-




-




35.2




(2.2)




(6.3)

%

Rapaflo®



25.7




-




1.7




-




27.4




29.4




-




1.5




-




30.9




(3.5)




(11.3)

%

Savella®



-




26.0




-




-




26.0




-




22.3




-




-




22.3




3.7




16.6

%

SkinMedica®



25.4




-




-




-




25.4




29.1




-




-




-




29.1




(3.7)




(12.7)

%

Dalvance®



-




15.2




1.2




-




16.4




-




10.2




-




-




10.2




6.2




60.8

%

Latisse®



13.3




-




2.4




-




15.7




17.7




-




2.2




-




19.9




(4.2)




(21.1)

%

Kybella® /Belkyra®



12.7




-




2.0




-




14.7




12.7




-




0.6




-




13.3




1.4




10.5

%

Avycaz®



-




14.5




-




-




14.5




-




13.7




-




-




13.7




0.8




5.8

%

Lexapro®



-




13.1




-




-




13.1




-




16.5




-




-




16.5




(3.4)




(20.6)

%

Tazorac®



12.8




-




0.2




-




13.0




23.4




-




0.2




-




23.6




(10.6)




(44.9)

%

Minastrin® 24



-




11.4




-