Eli Lilly 2007 Annual Report Download - page 2

On the Cover
Candy Edwards is a wife, mother, grandmother and self-taught artist
with a passion for helping others. She also is a Cymbalta® patient.
Just two years ago, Candy developed a staph infection that kept her
hospitalized and bedridden for several months. The infection was so
severe that it nearly killed her. Although Candy survived, she found
herself in a world of intense pain, fear, anger and despair. The spirited
woman her family, friends and community knew so well soon became
someone they hardly recognized. Candy lost interest in everything she
cared about—even her family and her art.
“I cried all the time and I had terrible mood swings,” said Candy. “I felt
like I was in this deep hole—it was like I was pinned down. Suicide
seemed to be the only way out.”
Fortunately, Candy’s husband of 30 years, Freddie, recognized that
something was seriously wrong with the woman he loved, and he
pleaded with her to talk to her doctor. Although she was reluctant
at fi rst to accept her diagnosis of depression and initially refused to
take the medicine her doctor gave her, Candy eventually decided to
give it a try.
Candy’s doctor had prescribed Cymbalta, and she recalls that within a
week, she could tell a difference.
“Cymbalta works for me,” she said. The turning point was the day she
woke up and decided to put on her make-up—something she hadn’t
done for nearly 6 months. “I fi nally started to feel like I was back.”
Today, Candy is using her love of art to help raise awareness about
highway safety in her home state of Georgia. She has created
characters such as “Boostie,” who promotes the importance of booster
seats for young children, and “Buckley,” a character who encourages
motorists to wear seatbelts.
Candy isn’t shy about telling her story to others, and by doing so she
has become a source of hope and inspiration for others suffering from
depression in her community.
“I always tell them to talk to their physician,” Candy said. “If I hadn’t
sought help, I might have lost everything. I have my family and my life
back. It was a blessing.”
Year in Review
1 Financial Highlights
2 Letter to Shareholders
6 Innovation at Lilly: The Portfolio and the Pipeline
9 Beyond Medicine: Providing Answers That Matter
Financials
10 Review of Operations
14 Consolidated Statements of Income
19 Consolidated Balance Sheets
20 Consolidated Statements of Cash Flows
21 Consolidated Statements of Comprehensive Income
30 Segment Information
31 Selected Quarterly Data
32 Selected Financial Data
33 Notes to Consolidated Financial Statements
57 Management’s Reports
58 Report of Independent Registered Public Accounting Firm
Proxy Statement
60 Notice of 2008 Annual Meeting and Proxy Statement
61 General Information
65 Board of Directors
69 Highlights of the Company’s Corporate Governance Guidelines
77 Directors and Corporate Governance Committee Matters
78 Audit Committee Matters
80 Compensation Committee Matters
81 Executive Compensation
101 Ownership of Company Stock
102 Items of Business To Be Acted Upon at the Meeting
115 Other Matters
Corporate Information
124 Senior Management and Board of Directors
126 Corporate Information
127 Annual Meeting Admission Ticket