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Lilly Announces 2014 Financial Guidance, Reconfirms 2013 Expectations
Date:1/7/2014

INDIANAPOLIS, Jan. 7, 2014 /PRNewswire/ --

  • 2014 revenue anticipated to be between $19.2 billion and $19.8 billion.
  • Earnings per share for 2014 are expected to be in the range of $2.77 - $2.85, reflecting the impact of patent expirations.
  • 2014 net income and operating cash flow goals of $3.0 billion and $4.0 billion, respectively, are expected to be achieved.
  • Company reaffirms commitment to maintain dividend at least at current level.
  • Late-stage pipeline includes 13 potential new medicines in either Phase III development or submission stage.
  • Company's 2013 financial expectations remain unchanged.

Eli Lilly and Company (NYSE: LLY) today announced its financial guidance for 2014, highlighted key events for the upcoming year and reiterated its strategy to return to growth beginning in 2015. The company also indicated that its 2013 financial expectations remain unchanged. Fourth quarter and full-year 2013 financial results will be announced on January 30, 2014.

"We continue to focus on the three strategic priorities that have guided our efforts throughout an extended period of patent expirations," said John C. Lechleiter, Ph.D., Lilly's chairman, president and chief executive officer. "First and foremost, we are replenishing and advancing our pipeline. Today, we have 13 potential new medicines in Phase III testing or submission stage, with 26 more in Phase II.  We anticipate obtaining regulatory approvals for and successfully launching multiple products each year for the next few years. At the same time, we aim to sustain strong performance for our currently marketed brands and key growth areas. Finally, we continue to drive productivity gains across our business in
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