10-Q Filing

ELI LILLY & CO CIK: 59478 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000059478-22-000133`
Period End Date	20220331
Filing Date	20220429
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	lly-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 30 Cash Flow Statement 60 Stockholders Equity 6 Comprehensive Income 6

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.50M	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.00M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.14B	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.98B	USD	Point-in-time
Cash and cash equivalents (Note 6)	`CashAndCashEquivalentsAtCarryingValue`	$2.46B	USD	Point-in-time
Cash and cash equivalents (Note 6)	`CashAndCashEquivalentsAtCarryingValue`	$3.82B	USD	Point-in-time
Short-term investments (Note 6)	`ShortTermInvestments`	$90.10M	USD	Point-in-time
Short-term investments (Note 6)	`ShortTermInvestments`	$109.10M	USD	Point-in-time
Accounts receivable, net of allowances of $22.0 (2022) and $22.5 (2021)	`AccountsReceivableNetCurrent`	$6.32B	USD	Point-in-time
Accounts receivable, net of allowances of $22.0 (2022) and $22.5 (2021)	`AccountsReceivableNetCurrent`	$6.67B	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$1.45B	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$1.48B	USD	Point-in-time
Inventories	`InventoryNet`	$3.89B	USD	Point-in-time
Inventories	`InventoryNet`	$3.89B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$2.53B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$2.70B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.96B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.45B	USD	Point-in-time
Investments (Note 6)	`LongTermInvestments`	$2.73B	USD	Point-in-time
Investments (Note 6)	`LongTermInvestments`	$3.21B	USD	Point-in-time
Goodwill	`Goodwill`	$3.89B	USD	Point-in-time
Goodwill	`Goodwill`	$3.89B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$7.69B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$7.48B	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$2.46B	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$2.49B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $10,138.3 (2022) and $9,976.7 (2021)	`PropertyPlantAndEquipmentNet`	$8.99B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $10,138.3 (2022) and $9,976.7 (2021)	`PropertyPlantAndEquipmentNet`	$9.10B	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$4.29B	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$4.08B	USD	Point-in-time
Total assets	`Assets`	$46.92B	USD	Point-in-time
Total assets	`Assets`	$48.81B	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$1.54B	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$1.36B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.67B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.43B	USD	Point-in-time
Employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$693.10M	USD	Point-in-time
Employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$958.10M	USD	Point-in-time
Sales rebates and discounts	`SalesRebatesAndDiscounts`	$6.77B	USD	Point-in-time
Sales rebates and discounts	`SalesRebatesAndDiscounts`	$6.85B	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$885.50M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$598.30M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$126.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.03B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.54B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.39B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.05B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$15.35B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$15.15B	USD	Point-in-time
Accrued retirement benefits (Note 8)	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.95B	USD	Point-in-time
Accrued retirement benefits (Note 8)	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.94B	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$3.92B	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$3.98B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.29B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.73B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.64B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.71B	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$24.60B	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$24.07B	USD	Point-in-time
Commitments and Contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$596.30M	USD	Point-in-time
Common stock	`CommonStockValue`	$594.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.66B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.83B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.96B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.37B	USD	Point-in-time
Employee benefit trust	`CommonStockSharesHeldInEmployeeTrust`	$3.01B	USD	Point-in-time
Employee benefit trust	`CommonStockSharesHeldInEmployeeTrust`	$3.01B	USD	Point-in-time
Accumulated other comprehensive loss (Note 10)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.23B	USD	Point-in-time
Accumulated other comprehensive loss (Note 10)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.34B	USD	Point-in-time
Cost of common stock in treasury	`TreasuryStockValue`	$50.50M	USD	Point-in-time
Cost of common stock in treasury	`TreasuryStockValue`	$52.70M	USD	Point-in-time
Total Eli Lilly and Company shareholders' equity	`StockholdersEquity`	$9.33B	USD	Point-in-time
Total Eli Lilly and Company shareholders' equity	`StockholdersEquity`	$8.98B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$175.60M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$131.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.15B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.46B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$46.92B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$48.81B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue (Note 2)	`Revenues`	$6.81B	USD	1 Quarter
Revenue (Note 2)	`Revenues`	$7.81B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.07B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.88B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.61B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.67B	USD	1 Quarter
Marketing, selling, and administrative	`SellingGeneralAndAdministrativeExpense`	$1.56B	USD	1 Quarter
Marketing, selling, and administrative	`SellingGeneralAndAdministrativeExpense`	$1.58B	USD	1 Quarter
Acquired in-process research and development and development milestones (Note 3)	`AcquiredInProcessResearchAndDevelopmentAndDevelopmentMilestones`	$165.60M	USD	1 Quarter
Acquired in-process research and development and development milestones (Note 3)	`AcquiredInProcessResearchAndDevelopmentAndDevelopmentMilestones`	$312.00M	USD	1 Quarter
Asset impairment, restructuring, and other special charges (Note 5)	`RestructuringSettlementAndImpairmentProvisions`	-	USD	1 Quarter
Asset impairment, restructuring, and other special charges (Note 5)	`RestructuringSettlementAndImpairmentProvisions`	$211.60M	USD	1 Quarter
Othernet, (income) expense (Note 11)	`NonoperatingIncomeExpense`	$-350.70M	USD	1 Quarter
Othernet, (income) expense (Note 11)	`NonoperatingIncomeExpense`	$321.10M	USD	1 Quarter
Costs, expenses, and other	`CostOfSalesOperatingExpensesAndOtherNet`	$5.76B	USD	1 Quarter
Costs, expenses, and other	`CostOfSalesOperatingExpensesAndOtherNet`	$5.33B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.05B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.48B	USD	1 Quarter
Income taxes (Note 7)	`IncomeTaxExpenseBenefit`	$121.10M	USD	1 Quarter
Income taxes (Note 7)	`IncomeTaxExpenseBenefit`	$150.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.36B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.90B	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.49	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.49	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.10	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	908.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	903.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	906.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	912.40M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.36B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.90B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$350.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$435.70M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$506.60M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$119.10M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$101.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$85.50M	USD	1 Quarter
Net investment (gains) losses	`GainLossOnInvestments`	$302.20M	USD	1 Quarter
Net investment (gains) losses	`GainLossOnInvestments`	$-426.10M	USD	1 Quarter
Acquired in-process research and development	`AcquiredInProcessResearchAndDevelopment`	$299.30M	USD	1 Quarter
Acquired in-process research and development	`AcquiredInProcessResearchAndDevelopment`	$153.00M	USD	1 Quarter
Other changes in operating assets and liabilities, net of acquisitions and divestitures	`IncreaseDecreaseInOtherOperatingCapitalNet`	$102.80M	USD	1 Quarter
Other changes in operating assets and liabilities, net of acquisitions and divestitures	`IncreaseDecreaseInOtherOperatingCapitalNet`	$45.50M	USD	1 Quarter
Other non-cash operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$32.60M	USD	1 Quarter
Other non-cash operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$131.10M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$2.50B	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.70B	USD	1 Quarter
Net purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$300.30M	USD	1 Quarter
Net purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$365.40M	USD	1 Quarter
Proceeds from sales and maturities of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$26.70M	USD	1 Quarter
Proceeds from sales and maturities of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$4.00M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$14.60M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$19.40M	USD	1 Quarter
Proceeds from sales of noncurrent investments	`ProceedsFromSaleOfLongtermInvestments`	$284.80M	USD	1 Quarter
Proceeds from sales of noncurrent investments	`ProceedsFromSaleOfLongtermInvestments`	$81.40M	USD	1 Quarter
Purchases of noncurrent investments	`PaymentsToAcquireLongtermInvestments`	$291.50M	USD	1 Quarter
Purchases of noncurrent investments	`PaymentsToAcquireLongtermInvestments`	$116.70M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired (Note 3)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired (Note 3)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$747.40M	USD	1 Quarter
Purchases of in-process research and development	`PurchasedInProcessResearchAndDevelopment`	$491.80M	USD	1 Quarter
Purchases of in-process research and development	`PurchasedInProcessResearchAndDevelopment`	$191.80M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$133.40M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$21.90M	USD	1 Quarter
Net Cash Used for Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.28B	USD	1 Quarter
Net Cash Used for Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.01B	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$885.50M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$774.80M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromShortTermDebt`	$499.70M	USD	1 Quarter
Net change in short-term borrowings	`RepaymentsOfShortTermDebt`	$3.70M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$710.10M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.50B	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-282.40M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-279.90M	USD	1 Quarter
Net Cash Used for Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.88B	USD	1 Quarter
Net Cash Used for Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.06B	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.60M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-10.20M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.36B	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-654.70M	USD	1 Quarter
Cash and cash equivalents at January 1	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.00B	USD	Point-in-time
Cash and cash equivalents at January 1	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.66B	USD	Point-in-time
Cash and cash equivalents at January 1	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.82B	USD	Point-in-time
Cash and cash equivalents at January 1	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.46B	USD	Point-in-time
Cash and Cash Equivalents at March 31	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.00B	USD	Point-in-time
Cash and Cash Equivalents at March 31	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.66B	USD	Point-in-time
Cash and Cash Equivalents at March 31	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.82B	USD	Point-in-time
Cash and Cash Equivalents at March 31	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.46B	USD	Point-in-time

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Stock repurchase program, remaining authorized amount	`StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1`	$3.25B	USD	Point-in-time
Stock repurchase program, authorized amount	`StockRepurchaseProgramAuthorizedAmount1`	$5.00B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.15B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.46B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.15B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.46B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.36B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.90B	USD	1 Quarter
Other comprehensive income, net of tax (Note 10)	`OtherComprehensiveIncomeLossNetOfTax`	$100.80M	USD	1 Quarter
Other comprehensive income, net of tax (Note 10)	`OtherComprehensiveIncomeLossNetOfTax`	$117.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.46B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.02B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.