Pfizer 2014 Annual Report Download - page 20

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PFIZER ANNUAL REVIEW 2014 www.pzer.com/annual 20
ANNUAL REVIEW 2014
PERFORMANCE AND FINANCIAL GUIDANCE1
REVENUES (IN BILLIONS)
ADJUSTED SI&A EXPENSES2 (IN BILLIONS) ADJUSTED R&D EXPENSES2 (IN BILLIONS)
ADJUSTED COST OF SALES2
AS A % OF REVENUES
ADJUSTED OTHER (INCOME)/DEDUCTIONS2
(IN MILLIONS)
EFFECTIVE TAX RATE ON ADJUSTED INCOME2
2014 GUIDANCE-ADJUSTED REVENUES2,3
$48.7 – $49.7
2015 GUIDANCE-REPORTED REVENUES4
$44.5 – $46.5
2014 ACTUAL
$49.4
2014 GUIDANCE3
$13.5 – $14.0
2015 GUIDANCE4
$12.8 – $13.8
2014 ACTUAL
$13.7
2014 GUIDANCE3
APPROX. ($400) OF INCOME
2015 GUIDANCE4
APPROX. ($500) OF INCOME
2014 ACTUAL
($567)
OF INCOME
2014 GUIDANCE3
APPROX. 27.0%
2015 GUIDANCE4
APPROX. 25.0%
2014 ACTUAL
26.5%
2014 GUIDANCE3
$6.9 – $7.2
2015 GUIDANCE4
$6.9 – $7.4
2014 ACTUAL
$7.2
2014 GUIDANCE-ADJUSTED COST OF SALES AS A % OF
ADJUSTED REVENUES3
18.5% – 19.0%
2015 GUIDANCE-ADJUSTED COST OF SALES AS A % OF
REPORTED REVENUES4
18.5% – 19.5%
2014 ACTUAL
18.5%
CEO Letter > Performance
PERFORMANCE