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Lilly Reports First-Quarter 2013 Results
Date:4/24/2013

INDIANAPOLIS, April 24, 2013 /PRNewswire/ --

  • Worldwide revenue was flat as growth in key products offset lower Zyprexa revenue following patent expirations.
  • Cymbalta revenue increased 19 percent while Cialis increased 11 percent.
  • Expense controls resulted in lower SG&A, offsetting growth in R&D expense.
  • First quarter 2013 results include income of $495 million related to the transfer to Amylin of exenatide commercial rights outside of the U.S.
  • Tax rate comparisons benefited from the reinstatement of the U.S. R&D tax credit.
  • First quarter earnings per share grew to $1.42 (reported), or $1.14 (non-GAAP).
  • 2013 earnings per share reconfirmed to be in the range of $4.10 to $4.25 (reported), or $3.82 to $3.97 (non-GAAP).
  • Eli Lilly and Company (NYSE: LLY) today announced financial results for the first quarter of 2013.$ in millions, except per share data

    First Quarter

    %20132012

    GrowthTotal Revenue – Reported

    $5,602.0$5,602.0

    0%Net Income – Reported

    1,548.01,011.1

    53%EPS – Reported

     

    1.420.91

    56%Net Income – non-GAAP

    1,247.71,026.9

    22%EPS – non-GAAP

    1.140.92

    24% 

    Financial results for 2013 and 2012 are presented on both a reported and a non-GAAP basis. Some numbers in this press release may not add due to rounding. Reported results were prepared in accordance with generally accepted accounting principles (GAAP) and include all revenue and expenses recognized during the period. Non-GAAP results exclude the items described in the reconciliation tables later in the release. The non-GAAP results are presented in order to provide additional insights into the underlying trends in th
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    SOURCE Eli Lilly and Company
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