|
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Cash Flows from Operating Activities | |||
| Net income | $ 2,390.5us-gaap_NetIncomeLoss | $ 4,684.8us-gaap_NetIncomeLoss | $ 4,088.6us-gaap_NetIncomeLoss |
| Adjustments to Reconcile Net Income to Cash Flows from Operating Activities: | |||
| Depreciation and amortization | 1,379.0us-gaap_DepreciationDepletionAndAmortization | 1,445.6us-gaap_DepreciationDepletionAndAmortization | 1,462.2us-gaap_DepreciationDepletionAndAmortization |
| Change in deferred income taxes | (36.4)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | 285.9us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | 126.0us-gaap_IncreaseDecreaseInDeferredIncomeTaxes |
| Stock-based compensation expense | 156.0us-gaap_ShareBasedCompensation | 144.9us-gaap_ShareBasedCompensation | 141.5us-gaap_ShareBasedCompensation |
| Net realized investment gains | (195.1)us-gaap_GainLossOnSaleOfInvestments | (41.0)us-gaap_GainLossOnSaleOfInvestments | (66.9)us-gaap_GainLossOnSaleOfInvestments |
| Impairment charges, indefinite lived intangibles | 0us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill | 0us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill | 205.0us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill |
| Acquired in-process research and development, net of tax | 130.2lly_AcquiredInProcessResearchAndDevelopmentNetOfTax | 37.1lly_AcquiredInProcessResearchAndDevelopmentNetOfTax | 0lly_AcquiredInProcessResearchAndDevelopmentNetOfTax |
| Income related to termination of the exenatide collaboration with Amylin | 0us-gaap_GainLossOnContractTermination | (495.4)us-gaap_GainLossOnContractTermination | (787.8)us-gaap_GainLossOnContractTermination |
| Proceeds from terminations of interest rate swaps | 340.7lly_PaymentsforProceedsfromHedgeOperatingActivities | 0lly_PaymentsforProceedsfromHedgeOperatingActivities | 0lly_PaymentsforProceedsfromHedgeOperatingActivities |
| Other non-cash operating activities, net | 241.1us-gaap_OtherOperatingActivitiesCashFlowStatement | 66.1us-gaap_OtherOperatingActivitiesCashFlowStatement | 187.4us-gaap_OtherOperatingActivitiesCashFlowStatement |
| Changes in operating assets and liabilities, net of acquisitions | |||
| Receivables - (increase) decrease | 117.4us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables | (152.7)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables | 361.8us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables |
| Inventories - (increase) decrease | (307.1)us-gaap_IncreaseDecreaseInInventories | (286.5)us-gaap_IncreaseDecreaseInInventories | (307.9)us-gaap_IncreaseDecreaseInInventories |
| Other assets - (increase) decrease | 411.5us-gaap_IncreaseDecreaseInOtherOperatingAssets | 116.5us-gaap_IncreaseDecreaseInOtherOperatingAssets | 231.0us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Accounts payable and other liabilties-increase (decrease) | (260.7)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (70.3)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (336.1)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net Cash Provided by Operating Activities | 4,367.1us-gaap_NetCashProvidedByUsedInOperatingActivities | 5,735.0us-gaap_NetCashProvidedByUsedInOperatingActivities | 5,304.8us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment | (1,162.6)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment | (1,012.1)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment | (905.4)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment |
| Disposals of property and equipment | 15.3us-gaap_ProceedsFromSaleOfOtherPropertyPlantAndEquipment | 179.4us-gaap_ProceedsFromSaleOfOtherPropertyPlantAndEquipment | 22.0us-gaap_ProceedsFromSaleOfOtherPropertyPlantAndEquipment |
| Cash restricted for pending acquisition | 5,405.6us-gaap_IncreaseDecreaseInRestrictedCash | 0us-gaap_IncreaseDecreaseInRestrictedCash | 0us-gaap_IncreaseDecreaseInRestrictedCash |
| Proceeds from sales and maturities of short-term investments | 4,054.1us-gaap_ProceedsFromSaleOfShortTermInvestments | 3,320.1us-gaap_ProceedsFromSaleOfShortTermInvestments | 2,547.5us-gaap_ProceedsFromSaleOfShortTermInvestments |
| Purchases of short-term investments | (1,637.8)us-gaap_PaymentsForProceedsFromShortTermInvestments | (1,531.0)us-gaap_PaymentsForProceedsFromShortTermInvestments | (2,172.4)us-gaap_PaymentsForProceedsFromShortTermInvestments |
| Proceeds from sales of noncurrent investments | 11,009.4us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments | 11,235.0us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments | 4,355.7us-gaap_ProceedsFromSaleAndMaturityOfOtherInvestments |
| Purchases of noncurrent investments | (9,802.7)us-gaap_PaymentsToAcquireOtherInvestments | (14,041.9)us-gaap_PaymentsToAcquireOtherInvestments | (7,618.6)us-gaap_PaymentsToAcquireOtherInvestments |
| Purchase of product rights | (308.3)us-gaap_PaymentsToAcquireIntangibleAssets | (24.1)us-gaap_PaymentsToAcquireIntangibleAssets | (138.8)us-gaap_PaymentsToAcquireIntangibleAssets |
| Purchases of in-process research and development | (95.0)us-gaap_PaymentsToAcquireInProcessResearchAndDevelopment | (57.1)us-gaap_PaymentsToAcquireInProcessResearchAndDevelopment | 0us-gaap_PaymentsToAcquireInProcessResearchAndDevelopment |
| Cash paid for acquisitions, net of cash acquired | (551.4)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (43.7)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (199.3)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| Proceeds from prepayment of revenue-sharing obligation | 0us-gaap_ProceedsFromSaleOfIntangibleAssets | 0us-gaap_ProceedsFromSaleOfIntangibleAssets | 1,212.1us-gaap_ProceedsFromSaleOfIntangibleAssets |
| Other investing activities, net | (24.5)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (97.4)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 64.4us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net Cash Used for Investing Activities | (3,909.1)us-gaap_NetCashProvidedByUsedInInvestingActivities | (2,072.8)us-gaap_NetCashProvidedByUsedInInvestingActivities | (2,832.8)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash Flows from Financing Activities | |||
| Dividends paid | (2,101.2)us-gaap_PaymentsOfDividends | (2,120.7)us-gaap_PaymentsOfDividends | (2,187.4)us-gaap_PaymentsOfDividends |
| Net change in short-term borrowings | 2,680.6us-gaap_ProceedsFromRepaymentsOfShortTermDebt | 0us-gaap_ProceedsFromRepaymentsOfShortTermDebt | 0us-gaap_ProceedsFromRepaymentsOfShortTermDebt |
| Proceeds from issuance of long-term debt | 992.9us-gaap_ProceedsFromIssuanceOfLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Repayments of long-term debt | (1,034.8)us-gaap_RepaymentsOfLongTermDebt | (10.5)us-gaap_RepaymentsOfLongTermDebt | (1,511.1)us-gaap_RepaymentsOfLongTermDebt |
| Purchases of common stock | (800.0)us-gaap_PaymentsForRepurchaseOfCommonStock | (1,698.1)us-gaap_PaymentsForRepurchaseOfCommonStock | (721.1)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Other financing activities, net | 187.4us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net Cash Used for Financing Activities | (75.1)us-gaap_NetCashProvidedByUsedInFinancingActivities | (3,829.3)us-gaap_NetCashProvidedByUsedInFinancingActivities | (4,419.6)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of exchange rate changes on cash and cash equivalents | (341.5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (21.5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 43.9us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net increase (decrease) in cash and cash equivalents | 41.4us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (188.6)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (1,903.7)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of year | 3,830.2us-gaap_CashAndCashEquivalentsAtCarryingValue | 4,018.8us-gaap_CashAndCashEquivalentsAtCarryingValue | 5,922.5us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and Cash Equivalents at End of Year | $ 3,871.6us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 3,830.2us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 4,018.8us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
Research and development assets that are acquired in a business combination and/or licensing arrangement that have no alternative future use and are therefore written off in the period of acquisition, net of tax No definition available.
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| X | ||||||||||
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- Definition
The net cash outflow or inflow for a financial contract that meets the hedge criteria as either cash flow hedge, fair value hedge or hedge of net investment in foreign operations. No definition available.
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- Details
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Gain (loss) related to the termination of a contract between the parties. The termination may be due to many causes including early termination of a lease by a lessee, a breach of contract by one party, or a failure to perform. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities). No definition available.
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount paid (received) by the reporting entity through acquisition or sale and maturities of short-term investments with an original maturity that is three months or less which qualify for treatment as an investing activity based on management's intention and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflows from the purchase of net carrying value allocated to in-process research and development costs and materials acquired in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with other investments held by the entity for investment purposes not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for acquisition of or capital improvements of property, plant and equipment, used to produce goods or deliver services, and not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the sale and maturity (principal being due) of other investments, prepayment and call (request of early payment) of other investments not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from disposal of asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from sale of other property, plant and equipment, used to produce goods or deliver services, and not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from sales of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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