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The income statement presents information on the financial results of a company's 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
USD $ in thousands
|12 months ended||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014||Dec 31, 2013|
|Cost of sales|
|Research and development|
|Marketing, selling, and administrative|
|Acquired in-process research and development|
|Asset impairment, restructuring, and other special charges|
|Income related to termination of the exenatide collaboration with Amylin|
|Debt extinguishment loss|
|Other, net, income (expense)|
|Income before income taxes|
|Net income (loss)|
|Revenue||Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.||Eli Lilly & Co.'s revenue increased from 2015 to 2016 and from 2016 to 2017.|
|Operating income||The net result for the period of deducting operating expenses from operating revenues.||Eli Lilly & Co.'s operating income increased from 2015 to 2016 but then declined significantly from 2016 to 2017.|
|Income before income taxes||Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.||Eli Lilly & Co.'s income before income taxes increased from 2015 to 2016 but then declined significantly from 2016 to 2017.|
|Net income (loss)||The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.||Eli Lilly & Co.'s net income (loss) increased from 2015 to 2016 but then declined significantly from 2016 to 2017.|