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

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 restructuring activities and the impact of the Venezuelan currency devaluation. 

2. The impact of the specified items by line item was as follows:6M13Cost of

 products

sold

SG&A

R&D

Acquired

IPR&D

Net

foreign

exchange 

 loss

Other

 (income)

 expense As reported (GAAP)$2,207

$2,643

$1,343

$70

$29

($19) Adjusted for specified items: Intangible asset amortization

(271)

--

--

--

--

-- Separation costs

(7)

(89)

(5)

--

--

-- Acquired IPR&D

--

--

--

(70)

--

-- Restructuring/Other

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SOURCE AbbVie
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