644 Project.docx - ACC 644QA FINANCIAL REPORTING AND...

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ACC 644QA FINANCIAL REPORTING AND ANALYSIS FINAL PROJECT ON PFIZER / ELI LILLY Team Members Milan Dave Vishnu Patel Hardikkumar Patel Srinesh Naidu Ravi Goswami 1
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INDEX SECTION 1 – EXECUTIVE SUMMARY SECTION 2 – BALANCE SHEET ANALYSIS SECTION 3 - INCOME STATEMENT SECTION 4 – RATIO ANALYSIS SECTION 5 – CONCLUSION/RECOMMENDATION SECTION 6 – PUBLIC PERCEPTION AND RECENT ANALYSIS 2
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SECTION 1 – EXECUTIVE SUMMARY Official Name PFIZER INC. ELI LILLY and COMPANY Location HQ 235 East 42 nd Street New York NY 10017 USA Lilly Corporate Center Indianapolis Indiana 46285 USA Incorporation New York Indiana Website Ticker PFE LLY Fiscal YE December 31 December 31 10-K Filing Date February 13, 2017 (latest) February 21, 2017 (latest) Auditor The Audit Committee Ernst & Young LLP Mission To be the premier, innovative biopharmaceutical company. We make medicines that help people live longer, healthier, more active lives. Vision Innovative to bring therapies to patients that significantly improve their lives. We will make a significant contribution to humanity by improving global health in the 21 st century. Products Medicines, vaccines and consumer healthcare products Business segments – Pfizer Innovative Health (IH) and Pfizer Essential Health (EH) IH - developing and commercializing medicines and vaccines and consumer healthcare products. IH therapeutic areas include internal medicine, vaccines, oncology, inflammation and immunology, rare diseases and consumer healthcare. EH – legacy brands, branded generics, generic sterile injectable products, biosimilar and infusion systems. EH also includes a R&D organization, as well as contract manufacturing business. Blockbuster drugs – Lipitor (a statin drug) in 2000 and Chantix (a smoking cessation drug) and Bextra (a painkiller) in 2011. Business segments – Human Pharmaceutical products and Animal Health Products. Human Pharmaceutical Products – endocrinology, neuroscience, oncology, immunology and cardiovascular products. Animal Health Products – products for food animals and products for companion products. Blockbuster drugs – Prozac (an antidepressant drug) in 1987, Humalog (mealtime insulin products). 3
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SECTION 2 – BALANCE SHEET ANALYSIS Pfizer Vertical Analysis Fiscal year ends in December. USD in millions except per share data 2016-12 % 2015-12 % Assets Current assets Cash Cash and cash equivalents 2595 1.5% 3641 2.2% Short-term investments 15255 8.9% 19649 11.7% Total cash 17850 10.4% 23290 13.9% Receivables 8225 4.8% 8176 4.9% Inventories 6782 4.0% 7513 4.5% Deferred income taxes Other current assets 6092 3.5% 4825 2.9% Total current assets 38949 22.7% 43804 26.2% Non-current assets Property, plant and equipment Gross property, plant and equipment 28125 16.4% 27268 16.3% Accumulated Depreciation -14807 -8.6% -13502 -8.1% Net property, plant and equipment 13318 7.8% 13766 8.2% Equity and other investments 7116 4.1% 15999 9.6% Goodwill 54449 31.7% 48242 28.8% Intangible assets 52648 30.7% 40358 24.1% Deferred income taxes 1812 1.1% 1794 1.1% Other long-term assets 3323 1.9% 3497 2.1% Total non-current assets 132666 77.3% 123656 73.8% Total assets 171615 100.0 % 167460 100% 4
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Liabilities and stockholders' equity Liabilities Current liabilities Short-term debt 10688 6.2%
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  • Spring '14
  • Corporate Finance, Generally Accepted Accounting Principles, Eli Lilly, Pfizer Inc

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