Eli Lilly and Company (LLY)

Eli Lilly Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	35,932	34,124	28,541	28,318	24,540	22,320
Revenue Growth (YoY)	29.76%	19.56%	0.79%	15.40%	9.95%	3.84%
Cost of Revenue	7,129	7,082	6,630	6,973	5,483	4,721
Gross Profit	28,803	27,042	21,912	21,345	19,057	17,598
Selling, General & Admin	7,144	6,941	6,068	6,142	5,869	6,004
Research & Development	9,851	9,313	7,191	6,931	5,976	5,595
Operating Expenses	16,995	16,255	13,258	13,073	11,846	11,599
Operating Income	11,808	10,787	8,653	8,273	7,211	5,999
Interest Expense	-562.7	-485.9	-331.6	-339.8	-359.6	-400.6
Interest & Investment Income	185.2	173.6	62.8	25.4	33	80.4
Currency Exchange Gain (Loss)	-26.4	-26.4	-191.3	-204.6	123.7	-61.9
Other Non Operating Income (Expenses)	20.3	-6.3	177	256	-319.2	5.3
EBT Excluding Unusual Items	11,425	10,442	8,370	8,010	6,689	5,623
Merger & Restructuring Charges	-45.5	-45.5	-23	-13	-151.2	-478.5
Gain (Loss) on Sale of Investments	9.5	-20.2	-410.7	176.9	1,442	401.2
Gain (Loss) on Sale of Assets	-	-	-	-	-	309.8
Other Unusual Items	-22.2	-22.2	-221.6	-1,048	20	-349.6
Pretax Income	7,561	6,555	6,806	6,156	7,230	5,266
Income Tax Expense	1,423	1,314	561.6	573.8	1,036	628
Earnings From Continuing Operations	6,138	5,240	6,245	5,582	6,194	4,638
Earnings From Discontinued Operations	-	-	-	-	-	3,681
Net Income	6,138	5,240	6,245	5,582	6,194	8,318
Net Income to Common	6,138	5,240	6,245	5,582	6,194	8,318
Net Income Growth	7.94%	-16.08%	11.88%	-9.88%	-25.54%	157.38%
Shares Outstanding (Basic)	900	900	902	907	908	931
Shares Outstanding (Diluted)	903	903	905	912	913	936
Shares Change (YoY)	-0.05%	-0.15%	-0.77%	-0.09%	-2.48%	-9.48%
EPS (Basic)	6.82	5.82	6.93	6.15	6.82	8.93
EPS (Diluted)	6.79	5.80	6.90	6.12	6.79	8.89
EPS Growth	7.97%	-15.94%	12.75%	-9.87%	-23.65%	184.25%
Free Cash Flow	-89.9	792.5	5,731	6,056	5,112	3,803
Free Cash Flow Per Share	-0.10	0.88	6.34	6.64	5.60	4.06
Dividend Per Share	4.690	4.520	3.920	3.400	2.960	2.580
Dividend Growth	15.23%	15.31%	15.29%	14.86%	14.73%	14.67%
Gross Margin	80.16%	79.25%	76.77%	75.38%	77.66%	78.85%
Operating Margin	32.86%	31.61%	30.32%	29.21%	29.38%	26.88%
Profit Margin	17.08%	15.36%	21.88%	19.71%	25.24%	37.27%
Free Cash Flow Margin	-0.25%	2.32%	20.08%	21.39%	20.83%	17.04%
EBITDA	13,374	12,315	10,176	9,820	8,535	7,232
EBITDA Margin	37.22%	36.09%	35.65%	34.68%	34.78%	32.40%
D&A For EBITDA	1,566	1,527	1,523	1,548	1,324	1,233
EBIT	11,808	10,787	8,653	8,273	7,211	5,999
EBIT Margin	32.86%	31.61%	30.32%	29.21%	29.38%	26.88%
Effective Tax Rate	18.81%	20.05%	8.25%	9.32%	14.33%	11.93%
Advertising Expenses	-	1,120	966.8	1,240	1,100	1,100

Source: S&P Capital IQ. Standard template.