Herbalife Ltd. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Effects of Prior Period Errors in Consolidated Financial Statements

The effects of these prior period errors in the condensed consolidated financial statements are as follows:

Condensed Consolidated Balance Sheets


	December 31, 2012				December 31, 2011
	As Previously Reported		As Adjusted		As Previously Reported		As Adjusted
	(In thousands, except per share amount)
Prepaid expenses and other current assets	$	125,425	$	145,624	$	117,073	$	134,605
Deferred income taxes	$	49,339	$	49,339	$	55,615	$	54,949
Total current assets	$	963,848	$	984,047	$	768,819	$	785,685
Total assets	$	1,703,944	$	1,724,143	$	1,446,209	$	1,463,075
Income taxes payable	$	15,854	$	61,325	$	31,415	$	62,283
Total current liabilities	$	716,891	$	762,362	$	548,689	$	579,557
Deferred income taxes	$	62,982	$	62,982	$	72,348	$	70,390
Total liabilities	$	1,283,189	$	1,328,660	$	886,021	$	914,931
Retained earnings	$	148,368	$	123,096	$	305,931	$	293,887
Total shareholders’ equity	$	420,755	$	395,483	$	560,188	$	548,144
Total liabilities and shareholders’ equity	$	1,703,944	$	1,724,143	$	1,446,209	$	1,463,075

Condensed Consolidated Statements of Income


	Three Months Ended September 30, 2012				Nine Months Ended September 30, 2012
	As Previously Reported		As Adjusted		As Previously Reported		As Adjusted
	(In thousands, except per share amount)
Income taxes	$	39,518	$	45,424	$	134,257	$	141,811
Net Income	$	117,779	$	111,873	$	359,309	$	351,755
Basic earnings per share	$	1.08	$	1.03	$	3.16	$	3.09
Diluted earnings per share	$	1.04	$	0.98	$	3.01	$	2.95


	Year Ended December 31, 2012				Year Ended December 31, 2011				Year Ended December 31, 2010
	As Previously Reported		As Adjusted		As Previously Reported		As Adjusted		As Previously Reported		As Adjusted
	(In thousands, except per share amount)
Income taxes	$	173,716	$	186,944	$	147,201	$	144,820	$	80,880	$	87,212
Net Income	$	477,190	$	463,962	$	412,578	$	414,959	$	299,215	$	292,883
Basic earnings per share	$	4.25	$	4.13	$	3.51	$	3.53	$	2.51	$	2.46
Diluted earnings per share	$	4.05	$	3.94	$	3.30	$	3.32	$	2.37	$	2.32

Condensed Consolidated Statements of Comprehensive Income


	Three Months Ended September 30, 2012				Nine Months Ended September 30, 2012
	As Previously Reported		As Adjusted		As Previously Reported		As Adjusted
	(In thousands)
Net Income	$	117,779	$	111,873	$	359,309	$	351,755
Total comprehensive income	$	124,081	$	118,175	$	360,493	$	352,939

Condensed Consolidated Statement of Cash Flows


	Nine Months Ended September 30, 2012
	As Previously Reported			As Adjusted
	(In thousands)
Net Income	$	359,309		$	351,755
Deferred income taxes	$	(9,246	)	$	(8,249	)
Income taxes	$	22,561		$	29,118

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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