LLY Q1 2020 Earnings Report — Eli Lilly and Company Revenue & Financial Results | Market Cap Arena

Eli Lilly and CompanyLLY

Q1 2020 Earnings

Reported May 1, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$5.9B	$6.1B	$5.1B	-4.2%	15.1%
Op. Income	$1.7B	$1.6B	$1.3B	9.0%	38.5%
Gross Margin	79.3%	79.0%	77.6%	0.2pp	1.6pp
Net Margin	24.9%	24.5%	83.3%	0.4pp	-58.4pp
EPS (Diluted)	$1.52	$1.56	$4.31	-2.6%	-64.7%
Free Cash Flow	$124M	$1.6B	-$89M	-92.4%	239.0%

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$1.2B
GROSS PROFIT	$4.6B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$2.9B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.7B
Interest Income	$14M
Interest Expense	$93M
Other Income/Expenses	-$68M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$223M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$274M
EBIT	$1.8B
EBITDA	$2.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$1.2B
GROSS PROFIT	$4.6B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$2.9B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.7B
Interest Income	$14M
Interest Expense	$93M
Other Income/Expenses	-$68M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$223M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$274M
EBIT	$1.8B
EBITDA	$2.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$274M
Stock-Based Compensation	$72M
Deferred Income Tax	$11M
Other Non-Cash Items	-$23M
Change in Working Capital	-$1.4B
OPERATING CASH FLOW	$382M
Capital Expenditure	-$258M
Acquisitions (Net)	-$849M
Purchases of Investments	-$83M
Sales/Maturities of Investments	$91M
Other Investing Activities	$38M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$500M
Common Dividends Paid	-$671M
Other Financing Activities	-$194M
NET CASH FROM FINANCING	$107M
FREE CASH FLOW	$124M
Net Change in Cash	-$639M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$78M
Net Receivables	$6.4B
Inventory	$3.1B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$14.0B
PP&E (Net)	$7.9B
Goodwill	$3.8B
Intangible Assets	$7.8B
Long-Term Investments	$2.1B
Tax Assets	$2.5B
Other Non-Current Assets	$3.0B
TOTAL NON-CURRENT ASSETS	$27.1B
TOTAL ASSETS	$41.1B
Account Payables	$1.2B
Short-Term Debt	$3.2B
Deferred Revenue	$0
Other Current Liabilities	$6.9B
TOTAL CURRENT LIABILITIES	$12.6B
Long-Term Debt	$14.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.2B
Other Non-Current Liabilities	$9.1B
TOTAL NON-CURRENT LIABILITIES	$25.3B
TOTAL LIABILITIES	$37.9B
Common Stock	$598M
Additional Paid-In Capital	$6.6B
Retained Earnings	$5.9B
Treasury Stock	-$56M
Accum. Other Comp. Income	-$6.9B
Other Equity	-$3.0B
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$118M
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$41.1B
Total Debt	$17.2B
Net Debt	$15.5B