Endo International

Endo International plc
Company typePublic
ISINIE00BJ3V9050
IndustryPharmaceutical
PredecessorEndo Pharmaceuticals Inc. (before the 2014 tax inversion to Ireland)
Founded1997; 27 years ago (1997)
Headquarters
Key people
  • Paul Campanelli (CEO)
  • Blaise Coleman (CFO)
Revenue
  • Increase US$2,993 million (2021)
  • US$2,903 million (2020)
  • Decrease US$−547 million (2021)
  • US$−27 million (2020)
  • Decrease US$−613 million (2021)
  • US$184 million (2020)
Total assets
  • Increase US$2,715 million (2021)
  • US$2,413 million (2020)
Number of employees
3103 (2021)[1]: 16 
Websiteendo.com
Footnotes / references
Financials[1]: F-6, 7 

Endo International plc is an American Irish-domiciled generics and specialty branded pharmaceutical company that generated over 93% of its 2017 sales from the U.S. healthcare system. While Endo's management, operations, and customers are almost exclusively U.S.–based, in 2013 Endo executed a corporate tax inversion to Ireland to avoid U.S. corporate taxes on their U.S. drug sales, and to avail of Ireland's corporate tax system.[2][3][4]

Endo net sales by region (2017)[5]
Region Sales ($ m) Distribution (%)
U.S. Generic 2,281.0 65.8
U.S. Branded 957.5 27.6
Non-U.S. / International 230.3 6.6
Total 3,468.8 100.0
  1. ^ a b 10-K 2021.
  2. ^ "Tracking Tax Runaways". Bloomberg News. 1 March 2017. Corporate Expatriates: See the Data. Retrieved 4 February 2023.
  3. ^ Houlder, Vanessa; Boland, Vincent; Politi, James (29 April 2014). "Tax avoidance: The Irish inversion". Financial Times.
  4. ^ George, John (11 March 2014). "Endo re-incorporates in Ireland to save millions in taxes" (Blog post). Philadelphia Business Journal. The company was able to legally reincorporate in Ireland only after completing a deal to buy a foreign-based company using at least 20 percent of its own stock. Endo met that threshold by buying Paladin Labs, a Canadian drug manufacturer, for $1.6 billion in a deal that was finalized Feb. 28.
  5. ^ "SEC Form 10-K: Endo Pharma public limited company". Securities and Exchange Commission. p. 62. Results of Operations: Net Sales