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Lilly Reports Strong Fourth-Quarter and Full-Year 2020 Financial Results
January 29, 2021 GMT
Eli Lilly and Company logo. (PRNewsfoto/Eli Lilly and Company)
INDIANAPOLIS, Jan. 29, 2021 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced financial results for the fourth quarter and full year of 2020. $ in millions, except
31%
Certain financial information for 2020 and 2019 is presented on both a reported and a non-GAAP basis. Some numbers in this press release may not add due to rounding. Reported results were prepared in accordance with U.S. generally accepted accounting principles (GAAP), include all revenue and expenses recognized during the periods, and reflect Elanco Animal Health (Elanco) as discontinued operations during the first quarter of 2019. Non-GAAP measures reflect adjustments for the items described in the reconciliation tables later in the release, and assume that the disposition of Elanco occurred at the beginning of 2019 (including the benefit from the reduction in shares of common stock outstanding). The company’s 2021 financial guidance is being provided on both a reported and a non-GAAP basis. The non-GAAP measures are presented to provide additional insights into the underlying trends in the company’s business.
United-statesChinaGermanyJapanUnited-kingdomAmericanDavida-ricksGabrielle-sulzbergerPrnewswire-eli-lillyKevin-hernJunshi-biosciencesEli-lillyThis press release was orginally distributed by SBWire
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