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Two Lilly scientists working in the lab

Balance Sheet

Balance Sheet

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Table showing Lilly's Balance Sheet details from the years 2020-2023
  Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update)
Cash & Equivalents 2,818.60 2,067.00 3,818.50 3,657.10
Short Term Investments 109.10 144.80 90.10 24.20
Cash and Short Term Investments 2,927.70 2,211.80 3,908.60 3,681.30
Accounts Receivable - Trade, Gross 9,105.30 6,912.00 6,695.30 5,901.20
Provision for Doubtful Accounts -14.80 -16.00 -22.50 -25.90
Accounts Receivable - Trade, Net 9,090.50 6,896.00 6,672.80 5,875.30
Receivables - Other 2,245.70 1,662.90 1,454.40 1,053.70
Total Receivables, Net 11,336.20 8,558.90 8,127.20 6,929.00
Inventories - Finished Goods 791.70 901.20 761.90 758.90
Inventories - Work In Progress 3,248.60 2,597.70 2,372.70 2,535.40
Inventories - Raw Materials 1,630.10 801.90 717.20 651.20
LIFO Reserve 102.40 8.90 34.20 34.80
Total Inventory 5,772.80 4,309.70 3,886.00 3,980.30
Prepaid Expenses 5,540.80 2,954.10 2,530.60 2,871.50
Discontinued Operations - Current Asset 0.00 0.00 0.00 0.00
Other Current Assets 149.50 0.00 0.00 0.00
Other Current Assets, Total 149.50 0.00 0.00 0.00
Total Current Assets 25,727.00 18,034.50 18,452.40 17,462.10
Buildings - Gross 8,280.00 7,915.90 7,588.10 7,326.10
Land/Improvements - Gross 319.80 256.60 258.70 226.80
Machinery/Equipment - Gross 10,329.00 9,406.30 8,937.20 8,560.90
Construction in Progress - Gross 5,084.10 2,798.60 2,177.80 2,138.80
Other Property/Plant/Equipment - Gross 0.00 0.00 0.00 0.00
Property/Plant/Equipment, Total - Gross 24,012.90 20,377.40 18,961.80 18,252.60
Accumulated Depreciation, Total -11,099.30 -10,233.40 -9,976.70 -9,570.70
Property/Plant/Equipment, Total - Net 12,913.60 10,144.00 8,985.10 8,681.90
Goodwill, Net 4,939.70 4,073.00 3,892.00 3,766.50
Intangibles - Gross 9,183.60 9,829.30 9,981.60 9,177.80
Accumulated Intangible Amortization -2,277.00 -2,622.70 -2,289.70 -1,727.80
Intangibles, Net 6,906.60 7,206.60 7,691.90 7,450.00
LT Investment - Affiliate Companies 962.30 781.10 771.50 471.80
LT Investments - Other 2,089.90 2,120.70 2,441.10 2,495.00
Long Term Investments 3,052.20 2,901.80 3,212.60 2,966.80
Deferred Income Tax - Long Term Asset 5,477.30 2,792.90 2,489.30 2,830.40
Discontinued Operations - Long Term Asset 0.00 0.00 0.00 0.00
Restricted Cash - Long Term 0.00 0.00 0.00 0.00
Other Long Term Assets 4,989.90 4,337.00 4,082.70 3,475.40
Other Long Term Assets, Total 10,467.20 7,129.90 6,572.00 6,305.80
Total Assets 64,006.30 49,489.80 48,806.00 46,633.10
Accounts Payable 2,598.80 1,930.60 1,670.60 1,606.70
Accrued Expenses 13,339.40 9,843.90 7,803.90 6,850.20
Notes Payable/Short Term Debt 6,189.40 1,498.00 0.00 0.00
Current Portion of Long Term Debt/Capital Leases 715.10 3.10 1,538.30 8.70
Dividends Payable 1,169.20 1,017.20 885.50 770.60
Income Taxes Payable 0.00 475.10 126.90 495.10
Discontinued Operations – Current Liability 0.00 0.00 0.00 0.00
Other Current Liabilities 3,281.30 2,370.30 3,027.50 2,750.30
Other Current liabilities, Total 4,450.50 3,862.60 4,039.90 4,016.00
Total Current Liabilities 27,293.20 17,138.20 15,052.70 12,481.60
Long Term Debt 18,320.80 14,737.50 15,346.40 16,586.60
Capital Lease Obligations 0.00 0.00 0.00 0.00
Total Long Term Debt 18,320.80 14,737.50 15,346.40 16,586.60
Total Debt 25,225.30 16,238.60 16,884.70 16,595.30
Deferred Income Tax - Long Term Liability 0.00 87.30 1,733.70 2,099.90
Deferred Income Tax 0.00 87.30 1,733.70 2,099.90
Minority Interest 91.80 125.60 175.60 183.60
Pension Benefits - Underfunded 1,438.80 1,305.10 1,954.10 4,094.50
Other Long Term Liabilities 6,089.80 5,446.30 5,564.30 5,545.30
Discontinued Operations - Liabilities 0.00 0.00 0.00 0.00
Other Liabilities, Total 7,528.60 6,751.40 7,518.40 9,639.80
Total Liabilities 53,234.40 38,840.00 39,826.80 40,991.50
Common Stock 593.60 594.10 596.30 598.20
Common Stock, Total 593.60 594.10 596.30 598.20
Additional Paid-In Capital 7,250.40 6,921.40 6,833.40 6,778.50
Retained Earnings (Accumulated Deficit) 10,312.30 10,042.60 8,958.50 7,830.20
Treasury Stock - Common -3,057.40 -3,063.70 -3,065.90 -3,068.90
Unrealized Gain (Loss) -26.20 -37.10 3.70 14.80
Cumulative Translation Adjustment -1,819.00 -1,874.20 -1,550.20 -1,427.50
Minimum Pension Liability Adjustment -2,697.30 -2,062.30 -2,583.60 -4,751.00
Other Comprehensive Income 215.50 129.00 -213.00 -332.70
Other Equity, Total -4,300.80 -3,807.50 -4,346.80 -6,511.20
Total Equity 10,771.90 10,649.80 8,979.20 5,641.60
Total Liabilities & Shareholders' Equity 64,006.30 49,489.80 48,806.00 46,633.10
Shares Outstanding – Common Stock Primary Issue 949.38 950.18 953.65 956.59
Total Common Shares Outstanding 949.38 950.18 953.65 956.59
Treasury Shares – Common Primary Issue 0.40 0.45 0.46 0.49
Employees 43,000.00 39,000.00 35,000.00 35,000.00
Number of Common Shareholders 18,871.00 19,868.00 20,641.00 21,650.00
Accumulated Intangible Amortization 2,277.00 2,622.70 2,289.70 1,727.80
Total Current Assets less Inventory 19,954.20 13,724.80 14,566.40 13,481.80
Quick Ratio 0.73 0.80 0.97 1.08
Current Ratio 0.94 1.05 1.23 1.40
Net Debt 22,389.40 14,152.40 13,151.70 13,097.60
Tangible Book Value -1,074.40 -629.80 -2,604.70 -5,574.90
Tangible Book Value per Share -1.13 -0.66 -2.73 -5.83
Total Long Term Debt, Supplemental 4,318.50 2,995.80 3,818.70 3,069.90
Long Term Debt Maturing within 1 Year 717.50 3.10 1,531.50 6.00
Long Term Debt Maturing in Year 2 778.10 649.50 3.30 1,590.20
Long Term Debt Maturing in Year 3 1,580.70 778.10 657.10 2.30
Long Term Debt Maturing in Year 4 765.80 799.30 778.90 681.10
Long Term Debt Maturing in Year 5 476.40 765.80 847.90 790.30
Long Term Debt Maturing in 2-3 Years 2,358.80 1,427.60 660.40 1,592.50
Long Term Debt Maturing in 4-5 Years 1,242.20 1,565.10 1,626.80 1,471.40
Long Term Debt Maturing in Year 6 & Beyond 0.00 0.00 0.00 0.00
Total Capital Leases 0.00 0.00 0.00 0.00
Capital Lease Payments Due in Year 1 0.00 0.00 0.00 0.00
Capital Lease Payments Due in Year 2 0.00 0.00 0.00 0.00
Capital Lease Payments Due in Year 3 0.00 0.00 0.00 0.00
Capital Lease Payments Due in Year 4 0.00 0.00 0.00 0.00
Capital Lease Payments Due in Year 5 0.00 0.00 0.00 0.00
Capital Lease Payments Due in 2-3 Years 0.00 0.00 0.00 0.00
Capital Lease Payments Due in 4-5 Years 0.00 0.00 0.00 0.00
Capital Lease Payments Due in Year 6 & Beyond 0.00 0.00 0.00 0.00
Total Operating Leases 1,107.30 728.20 685.70 663.70
Operating Lease Payments Due in Year 1 197.00 154.20 148.40 150.90
Operating Lease Payments Due in Year 2 180.20 131.40 117.60 120.70
Operating Lease Payments Due in Year 3 153.90 115.10 95.40 94.10
Operating Lease Payments Due in Year 4 138.20 96.10 79.70 73.30
Operating Lease Payments Due in Year 5 108.10 76.30 64.50 63.40
Operating Lease Payments Due in 2-3 Years 334.10 246.50 213.00 214.80
Operating Lease Payments Due in 4-5 Years 246.30 172.40 144.20 136.70
Standardized Operating Lease Payments Due in Year 6 and Beyond 329.90 155.10 180.10 161.30
Pension Obligation - Domestic 14,257.90 13,222.00 17,565.00 18,225.50
Post-Retirement Obligation 1,310.30 1,258.80 1,663.80 1,753.70
Plan Assets - Domestic 13,708.70 13,195.80 16,416.00 14,579.00
Plan Assets - Post-Retirement 2,580.30 2,492.50 3,361.40 3,227.00
Funded Status - Domestic -549.20 -26.20 -1,149.00 -3,646.50
Funded Status - Post-Retirement 1,270.00 1,233.70 1,697.60 1,473.30
Accumulated Obligation - Domestic 1,659.50 1,721.70 2,532.00 14,682.30
Accumulated Obligation - Post-Retirement 157.70 149.80 212.60 223.80
Total Funded Status 720.80 1,207.50 548.60 -2,173.20
Discount Rate - Domestic 4.80 5.10 2.80 2.40
Discount Rate - Post-Retirement 5.00 5.20 3.00 2.60
Compensation Rate - Domestic 4.30 4.30 3.50 3.30
Prepaid Benefits - Domestic 810.60 1,208.00 668.50 299.60
Prepaid Benefits - Post-Retirement 1,427.70 1,383.40 1,910.20 1,697.00
Accrued Liabilities - Domestic -1,359.80 -1,234.20 -1,817.60 -3,946.10
Accrued Liabilities - Foreign -149.40 -141.30 -204.80 -216.30
Accrued Liabilities - Post-Retirement -108.40 -16.10 -622.60 -534.10
Net Assets Recognized on Balance Sheet 620.70 1,199.80 -66.30 -2,699.90
Equity % - Domestic 20.34 17.50 24.66 23.14
Equity % - Post-Retirement 8.41 7.07 9.08 7.15
Debt Securities % - Domestic 16.83 15.25 22.73 22.37
Debt Securities % - Post-Retirement 3.81 3.37 4.58 4.80
Real Estate % - Domestic 2.70 2.65 3.84 3.83
Real Estate % - Post-Retirement 0.95 0.87 1.08 0.80
Private Investments % - Domestic 52.66 55.04 41.81 37.77
Private Investments % - Post-Retirement 83.04 84.19 82.11 82.36
Other Investments % - Domestic 7.47 9.56 6.97 12.89
Other Investments % - Post-Retirement 3.79 4.50 3.16 4.89
Total Plan Obligations 15,568.20 14,480.80 19,228.80 19,979.20
Total Plan Assets 16,289.00 15,688.30 19,777.40 17,806.00
Number of Patents 13.00 11.00 11.00 11.00
Number of Products in Phase I 0.00 0.00 0.00 0.00
Number of Products in Phase II 21.00 21.00 15.00 11.00
Number of Products in Phase III 13.00 12.00 10.00 11.00
Number of Products in Pre-Registration 1.00 0.00 0.00 1.00
Number of Products Launched 0.00 0.00 0.00 4.00

In millions of USD (except for per share items); all data is GAAP

Source: LSEG