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AbbVie Reports Second-Quarter 2014 Financial Results
Date:7/25/2014

s="prnews_span">23.4%Specified items

277

45

16.2%As adjusted (non-GAAP)$1,710

$380

22.2% AbbVie Inc.Reconciliation of GAAP Reported to Non-GAAP Adjusted InformationQuarter Ended June 30, 2013(Unaudited) (In millions, except per share data)1. Specified items impacted results as follows:2Q13Earnings

DilutedPre-tax

After-tax

EPSAs reported (GAAP)$1,368

$1,068

$0.66Adjusted for specified items:Intangible asset amortization

136

98

0.06Separation costs

67

42

0.03Acquired IPR&D

70

70

0.04Restructuring/Other57

41

0.03As adjusted (non-GAAP)$1,698

$1,319

$0.82 

Intangible asset amortization reflects costs recognized as a result of licensing and acquisition activities.  Separation costs are expenses related to the separation of AbbVie from Abbott.  Acquired IPR&D reflects the upfront payment related to the previously announced collaboration with Alvine Pharmaceuticals.  Restructuring/Other is primarily associated with previously announced restructu
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