Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Eli Lilly & Co., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue	11,439,100)	11,302,800)	8,768,000)	9,353,400)	9,498,600)	8,312,100)	6,960,000)	7,301,800)	6,941,600)	6,488,000)	7,810,000)	7,999,900)	6,772,800)	6,740,100)	6,805,600)	7,440,000)	5,740,600)	5,499,400)	5,859,800)	6,114,000)	5,476,600)	5,636,700)	5,092,200)
Cost of sales	(2,170,800)	(2,170,200)	(1,673,500)	(1,788,000)	(1,860,100)	(1,807,400)	(1,626,700)	(1,548,100)	(1,579,100)	(1,430,500)	(2,072,100)	(2,050,200)	(1,430,800)	(1,953,200)	(1,878,600)	(1,719,800)	(1,326,400)	(1,222,000)	(1,215,100)	(1,282,600)	(1,175,000)	(1,124,900)	(1,138,700)
Gross margin	9,268,300)	9,132,600)	7,094,500)	7,565,400)	7,638,500)	6,504,700)	5,333,300)	5,753,700)	5,362,500)	5,057,500)	5,737,900)	5,949,700)	5,342,000)	4,786,900)	4,927,000)	5,720,200)	4,414,200)	4,277,400)	4,644,700)	4,831,400)	4,301,600)	4,511,800)	3,953,500)
Research and development	(2,734,100)	(2,711,200)	(2,522,800)	(2,562,700)	(2,409,100)	(2,356,500)	(1,985,100)	(1,995,900)	(1,802,900)	(1,781,900)	(1,610,100)	(1,898,300)	(1,705,300)	(1,655,000)	(1,672,100)	(1,838,000)	(1,465,400)	(1,390,200)	(1,392,100)	(1,581,400)	(1,380,900)	(1,402,200)	(1,230,500)
Marketing, selling, and administrative	(2,099,800)	(2,117,300)	(1,952,200)	(1,924,600)	(1,803,900)	(1,925,400)	(1,749,200)	(1,643,200)	(1,614,200)	(1,625,100)	(1,557,900)	(1,592,000)	(1,577,900)	(1,685,700)	(1,576,000)	(1,553,900)	(1,569,100)	(1,448,600)	(1,549,600)	(1,698,100)	(1,412,300)	(1,586,300)	(1,517,100)
Acquired in-process research and development	(2,826,400)	(154,300)	(110,500)	(622,600)	(2,975,100)	(97,100)	(105,000)	(240,100)	(62,400)	(440,400)	(165,600)	(437,700)	(177,600)	(42,800)	(312,000)	(366,300)	—)	(241,800)	(52,300)	—)	(77,700)	(25,000)	(136,900)
Asset impairment, restructuring, and other special charges	(81,600)	(435,000)	—)	(67,700)	—)	—)	—)	(38,100)	(206,500)	—)	—)	(104,500)	—)	—)	(211,600)	30,100)	(101,400)	—)	(59,900)	(151,700)	—)	—)	(423,900)
Operating income	1,526,400)	3,714,800)	2,509,000)	2,387,800)	450,400)	2,125,700)	1,494,000)	1,836,400)	1,676,500)	1,210,100)	2,404,300)	1,917,200)	1,881,200)	1,403,400)	1,155,300)	1,992,100)	1,278,300)	1,196,800)	1,590,800)	1,400,200)	1,430,700)	1,498,300)	645,100)
Other, net, income (expense)	62,000)	(197,600)	27,100)	121,000)	(23,200)	(36,800)	35,700)	260,000)	(111,000)	(119,200)	(350,700)	(77,300)	(635,900)	190,500)	321,100)	477,000)	158,900)	446,900)	89,100)	262,900)	(24,900)	(32,400)	86,000)
Income before income taxes	1,588,400)	3,517,200)	2,536,100)	2,508,800)	427,200)	2,088,900)	1,529,700)	2,096,400)	1,565,500)	1,090,900)	2,053,600)	1,839,900)	1,245,300)	1,593,900)	1,476,400)	2,469,100)	1,437,200)	1,643,700)	1,679,900)	1,663,100)	1,405,800)	1,465,900)	731,100)
Income taxes	(618,100)	(550,200)	(293,200)	(319,100)	(484,600)	(325,700)	(184,800)	(158,700)	(113,800)	(138,400)	(150,700)	(113,800)	(135,200)	(203,700)	(121,100)	(352,300)	(228,800)	(231,700)	(223,400)	(167,400)	(151,900)	(138,700)	(170,000)
Net income (loss) from continuing operations	970,300)	2,967,000)	2,242,900)	2,189,700)	(57,400)	1,763,200)	1,344,900)	1,937,700)	1,451,700)	952,500)	1,902,900)	1,726,100)	1,110,100)	1,390,200)	1,355,300)	2,116,800)	1,208,400)	1,412,000)	1,456,500)	1,495,700)	1,253,900)	1,327,200)	561,100)
Net income from discontinued operations	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	3,680,500)
Net income (loss)	970,300)	2,967,000)	2,242,900)	2,189,700)	(57,400)	1,763,200)	1,344,900)	1,937,700)	1,451,700)	952,500)	1,902,900)	1,726,100)	1,110,100)	1,390,200)	1,355,300)	2,116,800)	1,208,400)	1,412,000)	1,456,500)	1,495,700)	1,253,900)	1,327,200)	4,241,600)

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Eli Lilly & Co. revenue increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Eli Lilly & Co. operating income increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Eli Lilly & Co. income before income taxes increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Eli Lilly & Co. net income (loss) increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.

Eli Lilly & Co. (NYSE:LLY)

Income StatementQuarterly Data

Income Statement
Quarterly Data