Eli Lilly 2015 Annual Report Download - page 112

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F100
FINANCIAL REPORT
Selected Financial Data (unaudited)
ELI LILLY AND COMPANY AND
SUBSIDIARIES
(Dollars in millions, except revenue per
employee and per-share data) 2015 2014 2013 2012 2011
Operations
Revenue $19,958.7 $ 19,615.6 $ 23,113.1 $ 22,603.4 $ 24,286.5
Cost of sales 5,037.2 4,932.5 4,908.1 4,796.5 5,067.9
Research and development 4,796.4 4,733.6 5,531.3 5,278.1 5,020.8
Marketing, selling, and
administrative 6,533.0 6,620.8 7,125.6 7,513.5 7,879.9
Other 802.1 328.4 (341.2) (392.9) 968.4
Income before income taxes 2,790.0 3,000.3 5,889.3 5,408.2 5,349.5
Income taxes 381.6 609.8 1,204.5 1,319.6 1,001.8
Net income 2,408.4 2,390.5 4,684.8 4,088.6 4,347.7
Net income as a percent of
revenue 12.1% 12.2% 20.3% 18.1% 17.9%
Net income per share—diluted $ 2.26 $ 2.23 $ 4.32 $ 3.66 $ 3.90
Dividends declared per share 2.01 1.97 1.96 1.96 1.96
Weighted-average number of
shares outstanding—diluted
(thousands) 1,065,720 1,074,286 1,084,766 1,117,294 1,113,967
Financial Position
Current assets(1) $12,573.6 $ 11,928.3 $ 12,820.4 $ 12,790.3 $ 13,884.6
Current liabilities(1) 8,229.6 9,741.0 8,123.8 7,341.5 8,508.6
Property and equipment—net 8,053.5 7,963.9 7,975.5 7,760.2 7,760.3
Total assets(1) 35,568.9 36,307.6 35,210.8 33,316.1 33,216.5
Long-term debt 7,972.4 5,332.8 4,200.3 5,519.4 5,464.7
Total equity 14,590.3 15,388.1 17,640.7 14,773.9 13,535.6
Supplementary Data
Return on total equity 16.1% 13.7% 29.5% 27.8% 31.4%
Return on assets(1) 6.8% 6.8% 14.1% 12.5% 13.5%
Capital expenditures $ 1,066.2 $ 1,162.6 $ 1,012.1 $ 905.4 $ 672.0
Depreciation and amortization 1,427.7 1,379.0 1,445.6 1,462.2 1,373.6
Effective tax rate 13.7% 20.3% 20.5% 24.4% 18.7%
Revenue per employee $ 484,000 $ 501,000 $ 609,000 $ 590,000 $ 638,000
Number of employees 41,275 39,135 37,925 38,350 38,080
Number of shareholders of
record 28,000 29,300 31,900 33,600 35,200
(1) Amounts have been adjusted to reflect the retrospective application of Accounting Standards Update 2015-17 Income Taxes: Balance
Sheet Classification of Deferred Taxes. See Note 2 to consolidated financial statements.
Selected Financial Data