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Eli Lilly and Company (LLY)
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LLY » Topics » Part I

These excerpts taken from the LLY 10-K filed Feb 22, 2010.
Part I
 
Item 1.   Business
 
Eli Lilly and Company (the “Company” or “Registrant”) was incorporated in 1901 in Indiana to succeed to the drug manufacturing business founded in Indianapolis, Indiana, in 1876 by Colonel Eli Lilly. We discover, develop, manufacture, and sell products in one significant business segment—pharmaceutical products. We also have an animal health business segment, whose operations are not material to our financial statements.
 
Our mission is to make medicines that help people live longer, healthier, more active lives. Our strategy is to create value for all our stakeholders by accelerating the flow of innovative new medicines that provide improved outcomes for individual patients. Most of the products we sell today were discovered or developed by our own scientists, and our success depends to a great extent on our ability to continue to discover, develop, and bring to market innovative new medicines.
 
We manufacture and distribute our products through facilities in the United States, Puerto Rico, and 17 other countries. Our products are sold in approximately 128 countries.
 
Part II
 
 
Item 5.   Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
 
You can find information relating to the principal market for our common stock and related stockholder matters at Item 8 under “Selected Quarterly Data (unaudited)” and “Selected Financial Data (unaudited).” That information is incorporated here by reference.
 
 
17

 

The following table summarizes the activity related to repurchases of our equity securities during the fourth quarter ended December 31, 2009:
 
                                 
                      Approximate Dollar Value
 		 
                Total Number of Shares
 		    of Shares that May Yet Be
 		 
    Total Number of
 		          Purchased as Part of
 		    Purchased Under the
 		 
    Shares Purchased
 		    Average Price Paid
 		    Publicly Announced
 		    Plans or Programs
 		 
    (in thousands)
 		    per Share
 		    Plans or Programs
 		    (Dollars in millions)
 		 
Period   (a)     (b)     (c)     (d)  
   
 
October 2009
    0     $ —       —     $ 419.2  
November 2009
    1       34.01       —       419.2  
December 2009
    0       —       —       419.2  
     
     
Total
    1               —          
     
     
 
The amounts presented in columns (a) and (b) above represent purchases of common stock related to employee stock option exercises. The amounts presented in columns (c) and (d) in the above table represent activity related to our $3.00 billion share repurchase program announced in March 2000. As of December 31, 2009, we have purchased $2.58 billion related to this program.
 
Item 6.   Selected Financial Data
 
You can find selected financial data for each of our five most recent fiscal years in Item 8 under “Selected Financial Data (unaudited).” That information is incorporated here by reference.
 
Item 7.   Management’s Discussion and Analysis of Results of Operations and Financial Condition
 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 22, 2010

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