Basis of Presentation and Principles of Consolidation
The accompanying consolidated financial statements of United Therapeutics and its wholly owned subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States (GAAP). All intercompany balances and transactions have been eliminated in consolidation. The operating results of Medicomp, Inc. for each of the three years in the three-year period ended December 31, 2011 have been reclassified and presented within discontinued operations on our consolidated statements of operations. This change in presentation had no impact on net income as previously reported. We did not recast our consolidated balance sheet at December 31, 2010 or our consolidated statements of stockholders' equity or cash flows for years ended December 31, 2010 and 2009 to reflect the classification of Medicomp, Inc. as a discontinued operation as the impact is not significant to those statements (refer to Note 18— Sale of Medicomp, Inc. ).
Free historical financial statements for United Therapeutics Corp.
See how revenue, income, cash flow, and balance sheet financials have changed over 55 quarters since 2011. Compare with UTHR stock chart to see long term trends.