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

s related to the separation of AbbVie from Abbott.  R&D is associated with a milestone payment for a previously-announced collaboration.  Acquired IPR&D reflects an upfront payment related to a licensing arrangement with a third party.  Restructuring/Other is associated with previously announced restructuring activities. 

2. The impact of the specified items by line item was as follows:6M14Cost of

products

sold

SG&A

R&D

Acquired

 IPR&D As reported (GAAP)$2,213

$2,788

$1,606

$16 Adjusted for specified items:Intangible asset amortization

(209)

--

--

--Separation costs

(6)

(182)

(2)

--R&D

--

--

(40)

--Acquired IPR&D

--

--

--

(16)Restructuring/Other

(7)

(9)

--

-- As adjusted (non-GAAP)$1,991

$2,597

$1,564

--&#
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SOURCE AbbVie
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