DUBLIN, Feb. 18, 2015 /PRNewswire/ -- Actavis plc (NYSE: ACT) today reported exceptional performance with non-GAAP net revenue increasing 44 percent to $4.01 billion for the quarter ended December 31, 2014, compared to $2.78 billion in the fourth quarter 2013. On a non-GAAP basis, diluted earnings per share increased 23 percent to $3.91 for the fourth quarter 2014, compared to $3.17 per diluted share in the fourth quarter 2013. GAAP revenues increased 46 percent to 4.06 billion for the quarter ended December 31, 2014, compared to $2.78 billion in the fourth quarter 2013. GAAP loss per share for the fourth quarter 2014 was $2.76, compared to GAAP loss per share of $0.86 in the prior year period. GAAP results were impacted by amortization and acquisition-related expenses, including impairments and legal reserves associated with acquired businesses.
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For the fourth quarter 2014, adjusted EBITDA increased 80 percent to $1.5 billion, compared to $817 million for the fourth quarter 2013. Cash flow from operations for the fourth quarter of 2014 was $812 million and cash and marketable securities were $251 million as of December 31, 2014.
For the full year 2014, non-GAAP net revenue increased 48 percent to $12.8 billion, compared to net revenue of $8.7 billion for full year 2013. For the full year 2014, GAAP net revenue increased 51 percent to $13.1 billion, compared to GAAP net revenue of $8.7 billion for full year 2013.
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