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Lilly Reports Solid Second-Quarter Results
Date:7/24/2008

73%

======= ======= ======= =======

Dividends paid

per share $0.47 $0.425 11% $0.94 $0.85 11%

Weighted-average

shares

outstanding

(thousands)

- basic 1,093,778 1,089,610 1,093,831 1,089,680

Weighted-average

shares

outstanding

(thousands)

- diluted 1,093,832 1,089,946 1,093,989 1,089,906

N/M - not meaningful

(a) In accordance with generally accepted accounting principles (GAAP),

the 2007 financial statement has been restated assuming the

acquisition of ICOS was completed by Lilly effective January 1, 2007.

Eli Lilly and Company

Consolidated Balance Sheet June 30, 2008 December 31, 2007

(Dollars in millions) ------------- -----------------

(Unaudited) (Restated)

ASSETS

CURRENT ASSETS

Cash and cash equivalents $ 2,868.3 $ 3,220.5

Short-term investments 2,301.7 1,610.7

Accounts receivable-

net of allowances 2,739.0 2,673.9

Other receivables 738.2 1,030.9

Inventories 2,546.4 2,523.7

Deferred income taxes* 622.5 642.8

Prepaid expenses 861.0 613.6

-------------- --------------

TOTAL CURRENT ASSETS 12,677.1 12,316.1

OTHER ASSETS

Prepaid pension 1,851.5 1,670.5

Investments 1,070.8 577.1


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SOURCE Eli Lilly and Company
Copyright©2008 PR Newswire.
All rights reserved

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