← ELI LILLY & Co
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $6.2b | $5.2b | $10.6b | $20.6b | |
| Net Income (Loss) Attributable to Parent | $2.7b | ($204.1m) | $3.2b | $8.3b | $6.2b | $5.6b | $6.2b | $5.2b | $10.6b | $20.6b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $3.2b | $4.6b | $6.2b | $5.6b | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $81.4m | $3.7b | $0 | $0 | — | — | — | — | |
| Amortization of Intangible Assets | $687.9m | $683.4m | $361.3m | $225.8m | $428.2m | $628.8m | $579.7m | $505.6m | $552.9m | $488.0m | |
| Depreciation | $716.2m | $763.1m | $797.1m | $814.7m | $765.2m | $787.0m | $816.6m | $901.9m | $1.1b | $1.3b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $1.5b | $1.5b | $1.8b | $2.0b | |
| Depreciation, Depletion and Amortization | $1.5b | $1.6b | $1.6b | $1.2b | $1.3b | $1.5b | $1.5b | $1.5b | $1.8b | $2.0b | |
| Change in deferred income taxes | $439.5m | ($787.9m) | $326.8m | $62.4m | ($134.5m) | ($802.3m) | ($2.2b) | ($2.3b) | ($2.7b) | ($1.7b) | |
| Deferred Income Tax | — | — | — | — | — | — | ($2.2b) | ($2.3b) | ($2.7b) | ($1.7b) | |
| Deferred Income Tax Expense (Benefit) | $439.5m | ($787.9m) | $248.4m | $62.4m | ($134.5m) | ($802.3m) | ($2.2b) | ($2.3b) | ($2.7b) | ($1.7b) | |
| Deferred Tax | — | — | — | — | — | — | ($2.2b) | ($2.3b) | ($2.7b) | ($1.7b) | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $50.0m | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | $46.9m | — | — | $128.0m | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | $108.1m | — | — | $435.0m | — | |
| Share-based Payment Arrangement, Expense | $255.3m | $281.3m | $253.5m | $306.8m | $308.1m | $342.8m | $371.1m | $628.5m | $645.6m | $626.0m | |
| Share-based Payment Arrangement, Noncash Expense | $255.3m | $281.3m | $279.5m | $312.4m | $308.1m | $342.8m | $371.1m | $628.5m | $645.6m | $626.0m | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | — | $1.9b | $223.8m | $180.0m | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | $240.5m | ($252.5m) | $0 | ($405.2m) | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $636.4m | $2.4b | $529.5m | $628.0m | $1.0b | $573.8m | $561.6m | $1.3b | $2.1b | $5.1b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $780.6m | $895.0m | |
| Other Nonoperating Income (Expense) | $195.6m | $110.1m | ($11.7m) | $344.6m | $1.2b | $51.4m | ($14.3m) | ($32.7m) | ($25.4m) | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable and other liabilities—increase (decrease) | $819.0m | $916.3m | ($284.5m) | ($477.7m) | $1.3b | ($664.1m) | $1.3b | $4.3b | $2.6b | $10.2b | |
| Acquired in-process research and development | $30.0m | $1.1b | $2.0b | $239.6m | $660.4m | $874.9m | $908.5m | $3.8b | $3.3b | $2.9b | |
| Beginning Cash Position | — | — | — | — | — | — | $3.8b | $2.1b | $2.8b | $3.3b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($5.4b) | $3.5b | $1.2b | ($2.2b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.8b) | ($7.2b) | ($9.3b) | ($11.0b) | |
| Cash paid for acquisitions, net of cash acquired | ($45.0m) | ($882.1m) | $0 | ($6.9b) | ($849.3m) | ($747.4m) | ($327.2m) | ($1.0b) | ($947.7m) | ($661.0m) | |
| Change In Account Payable | — | — | — | — | — | — | $1.7b | $4.3b | $2.6b | $10.2b | |
| Change In Income Tax Payable | — | — | — | — | — | ($359.7m) | $346.6m | — | — | — | |
| Change In Inventory | — | — | — | — | — | — | ($599.7m) | ($1.4b) | ($2.5b) | ($4.7b) | |
| Change In Other Current Assets | — | — | — | — | — | $1.5b | ($793.5m) | ($3.5b) | — | — | |
| Change In Payable | — | — | — | — | — | — | $1.7b | $4.3b | $2.6b | $10.2b | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $1.7b | $4.3b | $2.6b | $10.2b | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($793.5m) | ($3.5b) | ($3.3b) | ($6.6b) | |
| Change In Receivables | — | — | — | — | — | — | ($299.6m) | ($2.5b) | ($2.2b) | ($7.0b) | |
| Change In Tax Payable | — | — | — | — | — | ($359.7m) | $346.6m | — | — | — | |
| Change In Working Capital | — | — | — | — | — | — | ($800k) | ($3.1b) | ($5.4b) | ($8.1b) | |
| Changes In Cash | — | — | — | — | — | — | ($1.6b) | $583.0m | $746.0m | $3.6b | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | $309.8m | $0 | $0 | — | — | — | — | |
| End Cash Position | — | — | — | — | — | — | $2.1b | $2.8b | $3.3b | $7.3b | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($20.1m) | ($395.3m) | ($1.4b) | $176.9m | ($410.7m) | ($20.2m) | ($49.5m) | — | |
| Financing Cash Flow | — | — | — | — | — | — | ($5.4b) | $3.5b | $1.2b | ($2.2b) | |
| Foreign Currency Transaction Gain (Loss), Realized | ($203.9m) | $0 | $0 | — | — | — | — | — | — | — | |
| Free Cash Flow | — | — | — | — | — | — | $4.6b | ($3.2b) | $414.0m | $6.0b | |
| Gain (Loss) on Investments | — | — | — | — | $1.4b | $178.0m | ($420.0m) | ($23.5m) | ($49.8m) | — | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($156.5m) | ($1.9b) | ($224.0m) | ($180.0m) | |
| Gains on sale of product rights | — | — | — | — | — | ($216.0m) | ($156.5m) | ($1.9b) | ($223.8m) | ($180.0m) | |
| Goodwill | $4.0b | $4.4b | $1.4b | $3.7b | $3.8b | $3.9b | $4.1b | $4.9b | $5.8b | $5.9b | |
| Increase (Decrease) in Inventories | $328.2m | $253.9m | ($7.8m) | $258.7m | $533.4m | $235.9m | $599.7m | $1.4b | $2.5b | $4.7b | |
| Inventories—(increase) decrease | ($328.2m) | ($253.9m) | $7.8m | ($258.7m) | ($533.4m) | ($235.9m) | ($599.7m) | ($1.4b) | ($2.5b) | ($4.7b) | |
| Inventory Write-down | — | — | — | — | — | $339.7m | — | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.8b) | ($7.2b) | ($9.3b) | ($11.0b) | |
| Investment Income, Interest | $108.7m | $167.3m | $159.3m | $80.4m | $33.0m | $25.4m | $62.8m | $173.6m | $175.2m | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($327.2m) | ($1.0b) | ($948.0m) | ($661.0m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($1.0b) | ($2.3b) | ($2.7b) | ($2.8b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($1.9b) | ($3.4b) | ($5.1b) | ($7.8b) | |
| Net change in short-term borrowings | $1.3b | $1.4b | ($2.2b) | $995.4m | ($1.5b) | ($4.0m) | $1.5b | $4.7b | ($1.9b) | ($4.3b) | |
| Nonoperating Income (Expense) | ($84.8m) | $52.4m | $145.6m | $291.6m | $1.2b | ($201.6m) | ($320.9m) | $96.7m | ($218.6m) | ($571.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | $263.5m | ($1.9b) | ($224.0m) | ($180.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | $1.4b | $4.1b | $4.1b | $3.5b | |
| Other operating activities, net | $379.5m | $441.5m | $472.0m | $348.7m | $333.9m | $511.4m | $304.8m | $295.5m | $777.4m | $620.0m | |
| Prepaid expenses and other assets—(increase) decrease | — | — | — | — | — | — | ($793.5m) | ($3.5b) | ($3.3b) | ($6.6b) | |
| Proceeds from sale of product rights | $0 | $0 | — | — | — | $216.0m | $95.8m | $1.6b | $601.3m | $218.0m | |
| Purchase Of Business | — | — | — | — | — | — | ($327.2m) | ($1.0b) | ($948.0m) | ($661.0m) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($1.1b) | ($3.9b) | ($3.3b) | ($3.0b) | |
| Purchase Of PPE | — | — | — | — | — | — | ($1.9b) | ($3.4b) | ($5.1b) | ($7.8b) | |
| Purchases of in-process research and development | ($55.0m) | ($1.1b) | ($1.8b) | ($319.6m) | ($641.2m) | ($563.4m) | ($629.7m) | ($3.9b) | ($3.3b) | ($3.0b) | |
| Purchases of property and equipment | ($1.0b) | ($1.1b) | ($1.2b) | ($1.0b) | ($1.4b) | ($1.3b) | ($1.9b) | ($3.4b) | ($5.1b) | ($7.8b) | |
| Receivables—(increase) decrease | ($709.4m) | ($357.0m) | ($996.7m) | ($127.2m) | ($1.4b) | ($1.3b) | ($299.6m) | ($2.5b) | ($2.2b) | ($7.0b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($1.5b) | ($750.0m) | ($2.5b) | ($4.1b) | |
| Sale Of Intangibles | — | — | — | — | — | — | $95.8m | $1.6b | $601.0m | $218.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $371.1m | $629.0m | $646.0m | $626.0m | |
| Stock-based compensation expense | $255.3m | $281.3m | $279.5m | $312.4m | $308.1m | $342.8m | $371.1m | $628.5m | $645.6m | $626.0m | |
| Net Cash Provided by (Used in) Operating Activities | $4.9b | $5.6b | $5.5b | $4.8b | $6.5b | $7.3b | $7.1b | $4.2b | $8.8b | $16.8b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($3.0b) | ($7.4b) | ($8.4b) | ($10.8b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $45.0m | $882.1m | $0 | $6.9b | $849.3m | $747.4m | $327.2m | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($244.0m) | ($223.0m) | ($303.0m) | $319.0m | |
| Purchase Of Investment | — | — | — | — | — | — | ($707.6m) | ($731.0m) | ($677.0m) | ($645.0m) | |
| Purchases of noncurrent investments | ($4.3b) | ($4.6b) | ($837.9m) | ($247.5m) | ($358.7m) | ($929.9m) | ($600.2m) | ($730.8m) | ($677.3m) | ($645.0m) | |
| Proceeds from sales of and distributions from noncurrent investments | $2.1b | $2.6b | $3.5b | $609.8m | $757.1m | $800.0m | $342.2m | $508.1m | $373.6m | $964.0m | |
| Sale Of Investment | — | — | — | — | — | — | $463.6m | $508.0m | $374.0m | $964.0m | |
| Net Other Investing Changes | — | — | — | — | — | — | ($302.2m) | ($98.0m) | ($248.0m) | $1.0m | |
| Other investing activities, net | ($130.1m) | ($215.8m) | ($191.3m) | ($248.7m) | $102.8m | $24.3m | ($206.4m) | ($191.9m) | ($298.2m) | $1.0m | |
| Payments for (Proceeds from) Other Investing Activities | $130.1m | $215.8m | $191.3m | $248.7m | ($102.8m) | ($24.3m) | $206.4m | $191.9m | $298.2m | ($1.0m) | |
| Net Cash Used for Investing Activities | ($3.1b) | ($3.8b) | $1.9b | ($8.1b) | ($2.3b) | ($2.8b) | ($3.3b) | ($7.2b) | ($9.3b) | ($11.0b) | |
| Net Cash Provided by (Used in) Investing Activities | ($3.1b) | ($3.8b) | $1.9b | ($8.1b) | ($2.3b) | ($2.8b) | ($3.3b) | ($7.2b) | ($9.3b) | ($11.0b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $0 | $4.0b | $11.4b | $13.2b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $4.0b | $11.4b | $13.2b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($62.0m) | $8.7b | $8.9b | $8.1b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($1.6b) | $4.0b | $10.8b | $12.4b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $1.5b | $4.7b | ($1.9b) | ($4.3b) | |
| Proceeds from Issuance of Long-term Debt | $1.2b | $2.2b | $2.5b | $6.6b | $2.1b | $2.4b | $0 | $4.0b | $11.4b | $13.2b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.6b) | $0 | ($664.0m) | ($778.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.6b) | $0 | ($664.0m) | ($778.0m) | |
| Repayments of Long-term Debt | $200k | $630.6m | $1.0b | $2.9b | $276.5m | $1.9b | $1.6b | $0 | $664.2m | $778.0m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($1.5b) | ($750.0m) | ($2.5b) | ($4.1b) | |
| Common Stock Payments | — | — | — | — | — | — | ($1.5b) | ($750.0m) | ($2.5b) | ($4.1b) | |
| Payments for Repurchase of Common Stock | $600.1m | $299.8m | $4.2b | $4.4b | $500.0m | $1.2b | $1.5b | $750.0m | $2.5b | $4.1b | |
| Purchases of common stock | ($600.1m) | ($299.8m) | ($4.2b) | ($4.4b) | ($500.0m) | ($1.2b) | ($1.5b) | ($750.0m) | ($2.5b) | ($4.1b) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($3.5b) | ($4.1b) | ($4.7b) | ($5.4b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($3.5b) | ($4.1b) | ($4.7b) | ($5.4b) | |
| Dividends Payable, Current | $548.1m | $590.6m | $650.8m | $671.5m | $770.6m | $885.5m | $1.0b | $1.2b | $1.3b | — | |
| Dividends paid | $2.2b | $2.2b | $2.3b | $2.4b | $2.7b | $3.1b | $3.5b | $4.1b | $4.7b | $5.4b | |
| Net Other Financing Charges | — | — | — | — | — | — | ($308.9m) | ($335.0m) | ($491.0m) | ($772.0m) | |
| Other financing activities, net | ($300.8m) | ($364.4m) | ($372.8m) | ($200.1m) | ($241.6m) | ($295.9m) | ($308.9m) | ($335.0m) | ($490.6m) | ($772.0m) | |
| Proceeds from (Payments for) Other Financing Activities | ($300.8m) | ($364.4m) | ($372.8m) | ($200.1m) | ($241.6m) | ($295.9m) | ($308.9m) | ($335.0m) | ($490.6m) | ($772.0m) | |
| Net Cash Provided by (Used for) Financing Activities | ($559.8m) | $142.6m | ($5.9b) | ($2.3b) | ($3.1b) | ($4.1b) | ($5.4b) | $3.5b | $1.2b | ($2.2b) | |
| Net Cash Provided by (Used in) Financing Activities | ($559.8m) | $142.6m | ($5.9b) | ($2.3b) | ($3.1b) | ($4.1b) | ($5.4b) | $3.5b | $1.2b | ($2.2b) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($167.6m) | $169.0m | ($297.0m) | $372.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($20.5m) | ($63.6m) | ($89.9m) | $216.0m | ($205.7m) | ($167.6m) | $168.6m | ($296.7m) | $372.0m | |
| Effect of exchange rate changes on cash and cash equivalents | ($236.4m) | ($20.5m) | ($63.6m) | ($89.9m) | $216.0m | ($205.7m) | ($167.6m) | $168.6m | ($296.7m) | $372.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($236.4m) | ($20.5m) | ($63.6m) | ($89.9m) | $1.3b | $161.4m | ($1.8b) | $751.6m | $449.8m | $4.0b | |
| Net increase in cash and cash equivalents | $915.7m | $2.0b | $1.5b | ($5.7b) | $1.3b | $161.4m | ($1.8b) | $751.6m | $449.8m | $4.0b | |
| Cash and cash equivalents at beginning of year | $3.7b | $4.6b | $6.5b | $2.3b | $3.7b | $3.8b | $2.1b | $2.8b | $3.3b | $7.3b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($1.8b) | $752.0m | $449.0m | $4.0b | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $146.4m | $192.7m | $223.8m | $305.5m | $345.8m | $338.0m | $323.7m | $404.2m | $577.5m | $633.0m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $10.8b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.