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2013 CONTRIBUTIONS REPORT

Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

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Page 1: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

2013 CONTRIBUTIONS REPORT

Page 2: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

TABLE OF CONTENTS

A Message from Brian Munroe, Chairman Endo PAC1

2 — 3 Endo PAC: Our Voice In the Political Process

4 — 5 Endo PAC Governance Policy and Endo PAC Committee

6 — 8 Political Contribution Recipients and Leadership PACs & Party Committees

9 — 10

11

12 — 13

Financial Statements: January 2013 — December 2013

Notes to Financial Statements

Endo PAC’s 2013 Contributors

Page 3: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

DEAR COLLEAGUES:

This past year, our focus on building Endo into a top tier specialty healthcare company has meant an evolution in our growth platforms, opportunities, and business priorities. It has also meant a continued commitment to Endo PAC, our essential voice in Washington, D.C. and across communities throughout the country. In 2013 Endo PAC received $77,485 in member contributions, and provided $73,650 in support to federal, state and local candidates and political committees.

In the following pages, you will find the story of how Endo PAC continues to positively influence our industry and our communities. We have provided a complete listing of the 35 federal, state, and local candidates and political committees that received contributions from Endo PAC in 2013. We also highlight our Endo PAC members who voluntarily made contributions to help ensure that policy makers hear our collective voice.

Transparency is important to us. If you take a moment to review this report, you will find listed every candidate that your contributions have helped support. Remember, Endo PAC pools the contributions of Endo employees to support candidates who understand our industry and have a record of promoting public policy that supports medical innovation and appropriate patient care. It is a bipartisan effort, and contributions are made regardless of party affiliation. Our only considerations are the issues prevalent to our company and industry interests.

As you are likely aware, this past year was a challenging one in Washington. Major changes to our healthcare landscape created a greater sense of partisanship among lawmakers, and fiscal and budgetary differences continued to stall Capitol Hill. Many health care and tax policy issues remain as priorities in Congress and the states that will almost certainly impact Endo. For this reason, our presence on Capitol Hill is so important.

We are on an exciting journey at Endo, and we need allies in Congress who understand the pharmaceuticals, medical device, and healthcare industries. Just as we look to build our internal growth platforms and new business opportunities, we must continue to build our relationships with members of Congress.

Thank you for your continued support of Endo PAC.

Brian Munroe Chairman, Endo PAC

A LETTER FROM BRIAN MUNROE CHAIRMAN, Endo PAC

A Message from Brian Munroe, Chairman Endo PAC

Endo PAC: Our Voice In the Political Process

Endo PAC Governance Policy and Endo PAC Committee

Political Contribution Recipients and Leadership PACs & Party Committees

Financial Statements: January 2013 — December 2013

Notes to Financial Statements

Endo PAC’s 2013 Contributors

Page 4: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

Endo PAC: OUR VOICE IN THE POLITICAL PROCESS

WHAT IS A PAC?

A Political Action Committee (PAC) is a group of individuals — usually within a specific population — who pool their resources to enhance their legislative voice. According to federal laws, companies cannot contribute directly to public candidates; however, PACs are able to contribute to candidates at both the state and federal level. Most Fortune 500 companies have PACs, including most of our major healthcare competitors. Endo PAC supports candidates who value access and innovation in healthcare.

WHO RECEIVES ENDO PAC CONTRIBUTIONS?

Endo PAC is bipartisan. In 2013, Endo PAC supported 35 candidates and political committees. True to its bipartisan values, Endo PAC is committed to support candidates from both political parties who share Endo’s vision and values for health care. When choosing to make a contribution to a candidate, Endo PAC considers candidates’ views on issues that impact Endo and its employees as well as the presence of Endo facilities or employees in the candidate’s district or state. Included in the Financial Statements are tables that illustrate the bipartisanship by level of government both in terms of percent distribution by political party and percent of total. A complete list of Endo PAC contributions for January – December 2013 is included in this report.

Endo PAC: OUR VOICE IN THE POLITICAL PROCESS2

BIPARTISANBIPARTISANBIPARTISANBIPARTISAN

Page 5: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

31% DEMOCRATS*

69% REPUBLICANS*

3Endo PAC: OUR VOICE IN THE POLITICAL PROCESS

* The Percentages listed above are based on the Total Dollar Amounts Disbursed to Candidates, Leadership PACs and Party Committees. See Political Recipients and accompanying Financial Statement starting on page 9.

BIPARTISANBIPARTISANBIPARTISANBIPARTISANBIPARTISAN

Page 6: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

Endo PAC GOVERNANCE POLICY4

Endo complies fully with all federal, state, and local laws and reporting requirements governing PAC contributions.

Employee participation is completely voluntary, and employees have the right to refuse to contribute without reprisal. Contributions are not tax deductible for income tax purposes.

Endo PAC is governed by the Endo PAC Committee comprised of both Officers and Committee Members representing cross functional areas of the company. Officers are appointed by the Chief Executive Officer and Committee Members are selected by the Endo PAC Chairman. All Endo PAC contributions are reviewed and approved by the Committee. Contributions are evaluated based on a number of factors including individual candidate views on issues that impact Endo and our industry.

Endo PAC GOVERNANCE POLICY

Page 7: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

5Endo PAC COMMITTEE

2013 Endo PAC OFFICERS

CHAIRMAN Brian Munroe SVP, Government Affairs

TREASURER Joseph Rosenthal Corporate Development Manager

ADMINISTRATOR/ASST. TREASURER Elizabeth Bush Government Affairs Manager

COUNSEL Katie Topolewski* Senior Counsel Commercial

Guy Donatiello SVP, Intellectual Property Appointed July 2013

*Term Ended 2013

2013 Endo PAC COMMITTEE MEMBERSDeborah Bann* Product Complaint Analyst Westbury, NY

Guy Donatiello SVP, Intellectual Property Malvern, PA

Brent Fisk Government Affairs Liaison Washington, DC Appointed March 2013

John Gilbert* Regional Business Director Birmingham, AL Appointed March 2013

Sterling Ivison Director Training and Provider Qualification Malvern, PA

Ellen Keane* Regional Business Director Dallas, TX

Marty Lutz* Vice President Sales Malvern, PA

Kevin O’Brien Sr. Director Managed Markets Trade & Distribution Malvern, PA Appointed December 2013

Gregory Thomas* Sr. Director State Government Affairs Malvern, PA

Page 8: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

POLITICAL CONTRIBUTION RECIPIENTS6

ALABAMAFEDERAL SENATE PARTY DISTRICT CONTRIBUTION

Sen. Richard Shelby l (Up in 2016) R $2,000.00

FEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Mo Brooks t R 5 $2,500.00Rep. Robert Aderholt R 4 $5,000.00

CALIFORNIAFEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Devin Nunes R 22 $1,000.00

ILLINOISFEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. John Shimkus R 15 $3,000.00

KENTUCKYFEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Brett Guthrie R 2 $1,000.00Rep. Harold Rogers R 5 $2,500.00Rep. Ed Whitfield R 1 $1,000.00

MICHIGANFEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Dave Camp R 4 $1,000.00

Rep. John Dingell D 12 $1,000.00

Rep. Fred Upton R 6 $2,500.00

POLITICAL CONTRIBUTION RECIPIENTS JANUARY 1, 2013 — DECEMBER 31, 2013

Page 9: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

7POLITICAL CONTRIBUTION RECIPIENTS

MINNESOTAFEDERAL SENATE PARTY DISTRICT CONTRIBUTION

Sen. Al Frankenl (Up in 2014) D $1,000.00

FEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Erik Paulsen t R 3 $5,000.00

NEVADAFEDERAL SENATE PARTY DISTRICT CONTRIBUTION

Sen. Harry Reidl (Up in 2016) D $1,000.00

NORTH CAROLINAFEDERAL SENATE PARTY DISTRICT CONTRIBUTION

Sen. Kay Hagan l (Up in 2014) D $1,000.00

FEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Virginia Foxx R 5 $1,000.00

NEW JERSEYFEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Rush Holt t D 12 $2,500.00

Rep. Bill Pascrell, Jr. D 9 $1,000.00

OHIOFEDERAL SENATE PARTY DISTRICT CONTRIBUTION

Sen. Rob Portman l (Up in 2016) R $1,000.00

PENNSYLVANIAFEDERAL SENATE PARTY DISTRICT CONTRIBUTION

Sen. Robert "Bob" Casey l (Up in 2018) D $1,000.00

Sen. Patrick Toomey l (Up in 2016) R $1,000.00

FEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Mike Doyle D 14 $7,500.00

Rep. Jim Gerlach tA R 6 $7,000.00

Rep. Pat Meehan R 7 $2,000.00

Rep. Joseph Pitts R 16 $1,000.00

Rep. Allyson Schwartz D 13 $5,000.00

STATE SENATE PARTY DISTRICT CONTRIBUTION

Sen. Andrew Dinnimanl (Up in 2016) D 19 $500.00

STATE HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Stephen Barrar R 160 $1,000.00

Page 10: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

LEADERSHIP PACs & PARTY COMMITTEES8

FINANCIAL STATEMENTS JANUARY 1, 2013 — DECEMBER 31, 2013

TENNESSEEFEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Marsha Blackburn R 7 $1,000.00

TEXASFEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Kevin Brady R 8 $500.00

Rep. Lamar Smith R 21 $5,000.00

STATE SENATE PARTY DISTRICT CONTRIBUTION

Sen. Carlos Urestil l (Up in 2014) D 19 $1,500.00

VIRGINIAFEDERAL HOUSE PARTY DISTRICT CONTRIBUTION

Rep. Eric Cantor R 7 $1,000.00

Rep. Bob Goodlatte R 6 $2,500.00

PENNSYLVANIACHAMBER PAC PARTY DISTRICT CONTRIBUTION

Pennsylvania Chamber of Business and Industry NP $150.00

NP – Non-Partisan

t – Candidate representing Endo facilities

l – Contribution for non 2013 election

A – On January 6, 2014, Congressman Jim Gerlach (PA-6th District) announced he will not seek re-election to a seventh term in the U.S. House of Representatives.

LEADERSHIP PACs & PARTY COMMITTEES JANUARY 1, 2013 — DECEMBER 31, 2013

FINANCIAL STATEMENTS JANUARY 1, 2013 — DECEMBER 31, 2013

Page 11: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

9FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013

Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013ASSETS 2013

Cash $60,133.67Contributions Receivable 4,211.34

Net Assets $64,345.01See accompanying notes to the combined financial statements

Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013REVENUES: CONTRIBUTIONS 2013

Cash $10,569.00Payroll Deductions 66,915.97

Total Revenues $77,484.97

EXPENDITURES: SUPPORT OF CANDIDATES 2013

Federal $70,500.00State & Local 3,000.00Political Parties & Other PACs 150.00

Expenditures $73,650.00

Excess of Contributions over Expenditures $3,834.97

FUND AVAILABLE: CASH BALANCE 2013

Beginning of Year $48,321.05Contributions Receivable (Prior Year) 12,188.99

End of Period $60,133.67See accompanying notes to the combined financial statements

Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013SUPPORT OF CANDIDATES: 2013

Contributions to U.S. Senate Candidates $8,000.00Contributions to U.S. House Candidates 62,500.00Contributions to State & Local Candidates 3,000.00

$73,500.00

OTHER EXPENDITURES: 2013

Political Parties & Other PACs $150.00

$150.00

Total Expenditures $73,650.00

Statement of Assets and Liabilities

Statement of Revenues and Expenditures

Disbursements

FINANCIAL STATEMENTS JANUARY 1, 2013 — DECEMBER 31, 2013

Page 12: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 201310

TOTAL NUMBER OF CONTRIBUTIONS TOTAL DOLLAR AMOUNT OF DISBURSEMENTS

DEMOCRATS REPUBLICANS TOTAL DEMOCRATS REPUBLICANS TOTAL

U.S. Senate Candidates 4 3 7 $4,000 $4,000 $8,000

U.S. House Candidates 5 19 24 17,000 45,500 62,500

Total Federal Candidates 9 22 31 $21,000 $49,500 $70,500

State & Local Candidates 2 1 3 2,000 1,000 3,000

Political Parties & Other PAC's* — — — — — —

Total Contributions 11 23 34 $23,000 $50,500 $73,500

% DISTRIBUTION BY POLITICAL PARTY VS. SPECIFIC CLASS OF CANDIDATE

TOTAL NUMBER OF CONTRIBUTIONS TOTAL DOLLAR AMOUNT OF DISBURSEMENTS

DEMOCRATS REPUBLICANS TOTAL DEMOCRATS REPUBLICANS TOTAL

U.S. Senate Candidates 57% 43% 100% 50% 50% 100%

U.S. House Candidates 21% 79% 100% 27% 73% 100%

Total Federal Candidates 29% 71% 100% 30% 70% 100%

State & Local Candidates 67% 33% 100% 67% 33% 100%

Political Parties & Other PAC's* NM NM NM NM NM NM

Total Contributions 32% 68% 100% 31% 69% 100%

% DISTRIBUTION BY POLITICAL PARTY VS. TOTAL CONTRIBUTION

TOTAL NUMBER OF CONTRIBUTIONS TOTAL DOLLAR AMOUNT OF DISBURSEMENTS

DEMOCRATS REPUBLICANS TOTAL DEMOCRATS REPUBLICANS TOTAL

U.S. Senate Candidates 12% 9% 21% 5% 5% 11%

U.S. House Candidates 15% 56% 71% 23% 62% 85%

Total Federal Candidates 26% 65% 91% 29% 67% 96%

State & Local Candidates 6% 3% 9% 3% 1% 4%

Political Parties & Other PAC's* 0% 0% 0% 0% 0% 0%

Total Contributions 32% 68% 100% 31% 69% 100%* Non-partisan contribution to PA Chamber of Business & Industry PAC of $150.00.

BIPARTISANSHIP

Page 13: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

NOTES TO FINANCIAL STATEMENT

1. FUND DESCRIPTION

The Endo PHARMACEUTICALS INC. PAC ("the Fund"), was formed by Endo PHARMACEUTICALS INC. ("The Company"), to solicit and receive voluntary political contributions from employees and stockholders of the Company and certain subsidiaries to assist candidates for elective office. The Fund was registered with the Federal Election Commission in June 2008.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statement activities of the Fund were formed to comply with certain federal and state laws. The accounts of the Fund are maintained on an accrual basis. All administrative costs of the Fund are borne by the Company in accordance with federal law.

Contributions Receivable

The Fund accounts for payroll deductions withheld from employees and stockholders as contributions receivable until the funds are deposited in the Fund bank account.

Tax Status

The Fund is registered as a political organization and, as such, is subject to tax on non-exempt function income, which includes interest income, if any.

11NOTES TO FINANCIAL STATEMENT

Page 14: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

Endo PAC’S 2013 CONTRIBUTORS12

Endo PAC 2013 CONTRIBUTORS The following is a list of our 2013 Endo PAC Contributors who enabled Endo PAC to make contributions to federal, state, and local candidate campaigns and political committees from both political parties during 2013.

Paul Alberst

Michael Bailey

Holli Bain

Robert Barto

William Best

Paul Blanchette

Eileen Blazek

Steven Blum

Steve Bordenave

Kevin Boyle

Mark Bradley

Edward Buchanan

Robert Bumpas

Elizabeth Bush

Charlotte Buswold

Timothy Byrne

Laree Anne Callahan

Barbara Ann Carney

Colin Carson

Cynthia Cary

Avery Cearley

Surya Chitra

Paula Clark

Robert Cobuzzi

John Conaghan

Elma Conwell

Don Corsaro

Linda Craanen

Lawrence Cunningham

Susan Dargan

Rajiv De Silva

Susan Dear

Randall Decleene

Donald DeGolyer

Susan Desharon

Debra Dingess

Sheila Dolan

Guy Donatiello

Tonya Drawdy

Jennifer Dubas

Pamela Duvall

Paul Fadool

Brenton Fisk

Donald Gardner

Dennis George

Ivan Gergel

Jodie Giovanni

Leland Griffin

Richard Halliburton

Nancy Harley

Tracey Hernandez

Mark Hinke

Vicki Hughel

Nancy Hutson *

Page 15: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

13Endo PAC’S 2013 CONTRIBUTORS

Michael Hyatt *

Sterling Ivison

James Januschka

William Jimenez

Santosh Jiwrajka

Mark Jozefov

Gerhard Jung

Roger Kimmel *

Linda Kitlinski

Robert Knight

Patrick Kocks

Danielle Koerbel

Michael Kujak

Lee Lenkner

Brian Lortie

David Macera

Douglas Macpherson

Caroline Manogue

James Manser

Marianne McCullough

Jessica Marcantonio

Judith March

Linda Marcus

John Martin

Nathaniel Massari

Celine McCaddon

R. Clark McQueen

Amy McSweeny

Carolyn Miller

John Miller

Jennifer Morehead

Brian Munroe

Charles Neal

Jonathan Neely

Wayne Nevills

Kevin O'Brien

Brian O'Donnell

Gary Owens

Roger Palmer

Jeffery Palmer

Julia Patrick

Corey Penrod

Lea Phillips

Pamela Politis

Spencer Pyles

Joseph Rosenthal

Daniel Rudio

Paul Ryan

Ernesto Sayo

Monica Smith

Jeanette Straus

Ryan Sweeney

Jeff Vaupen

Kimberly Walter

Catherine Walz

Susan Weisner

Nancy E. Yacabucci

Heather Zoumas-Lubeski

* Board Member

Page 16: Endo - 2013 CONTRIBUTIONS REPORT Library/Advocacy and Lobbying... · FINANCIAL STATEMENTS: JANUARY 2013 - DECEMBER 2013 9 Endo PAC FOR THE YEAR ENDED DECEMBER 31, 2013 ASSETS 2013

Employee participation is completely voluntary, and employees have the right to refuse to contribute without reprisal. Employees will neither be favored nor disadvantaged by reason of the amount of their contribution or their decision not to contribute. Contributions are not deductible as charitable contributions for income tax purposes. Participation in Endo PAC is limited to U.S. citizens (or permanent residents, i.e. green card holders who reside in the U.S.)