|
Segment, Geographic and Other Revenue Information (Tables)
|
12 Months Ended |
|
Dec. 31, 2011
|
| Schedule of Selected Income Statement Information by Segment |
Selected income statement information
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (MILLIONS
OF DOLLARS) |
|
REVENUES |
|
|
R&D EXPENSES |
|
|
EARNINGS(a) |
|
|
DEPRECIATION &
AMORTIZATION(b)
|
|
|
YEAR ENDED DECEMBER 31,
2011(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Primary Care
|
|
|
$22,670 |
|
|
|
$1,307 |
|
|
|
$15,001 |
|
|
|
$ 247 |
|
|
Specialty Care and
Oncology
|
|
|
16,568 |
|
|
|
1,561 |
|
|
|
10,789 |
|
|
|
419 |
|
|
Established Products and Emerging
Markets
|
|
|
18,509 |
|
|
|
441 |
|
|
|
9,417 |
|
|
|
422 |
|
|
Animal Health and Consumer
Healthcare
|
|
|
7,241 |
|
|
|
425 |
|
|
|
2,020 |
|
|
|
232 |
|
|
Total reportable
segments
|
|
|
64,988 |
|
|
|
3,734 |
|
|
|
37,227 |
|
|
|
1,320 |
|
|
Nutrition and other business
activities(d)
|
|
|
2,437 |
|
|
|
3,378 |
|
|
|
(2,793 |
) |
|
|
230 |
|
|
Reconciling Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate(e)
|
|
|
— |
|
|
|
1,309 |
|
|
|
(7,430 |
) |
|
|
541 |
|
|
Purchase accounting
adjustments(f)
|
|
|
— |
|
|
|
(2 |
) |
|
|
(6,801 |
) |
|
|
5,565 |
|
|
Acquisition-related
costs(g)
|
|
|
— |
|
|
|
23 |
|
|
|
(1,983 |
) |
|
|
624 |
|
|
Certain significant
items(h)
|
|
|
— |
|
|
|
656 |
|
|
|
(4,354 |
) |
|
|
615 |
|
|
Other unallocated(i)
|
|
|
— |
|
|
|
14 |
|
|
|
(1,104 |
) |
|
|
131 |
|
| |
|
|
$67,425 |
|
|
|
$9,112 |
|
|
|
$12,762 |
|
|
|
$9,026 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YEAR ENDED DECEMBER 31,
2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Primary Care
|
|
|
$23,328 |
|
|
|
$1,473 |
|
|
|
$15,773 |
|
|
|
$201 |
|
|
Specialty Care and
Oncology
|
|
|
16,435 |
|
|
|
1,624 |
|
|
|
10,571 |
|
|
|
432 |
|
|
Established Products and Emerging
Markets
|
|
|
18,760 |
|
|
|
452 |
|
|
|
10,100 |
|
|
|
418 |
|
|
Animal Health and Consumer
Healthcare
|
|
|
6,347 |
|
|
|
428 |
|
|
|
1,569 |
|
|
|
197 |
|
|
Total reportable segments
|
|
|
64,870 |
|
|
|
3,977 |
|
|
|
38,013 |
|
|
|
1,248 |
|
|
Nutrition and other business
activities(d)
|
|
|
2,187 |
|
|
|
3,743 |
|
|
|
(3,263 |
) |
|
|
242 |
|
|
Reconciling Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate(e)
|
|
|
— |
|
|
|
1,567 |
|
|
|
(7,990 |
) |
|
|
619 |
|
|
Purchase accounting
adjustments(f)
|
|
|
— |
|
|
|
26 |
|
|
|
(8,257 |
) |
|
|
5,477 |
|
|
Acquisition-related costs(g)
|
|
|
— |
|
|
|
34 |
|
|
|
(3,989 |
) |
|
|
788 |
|
|
Certain significant items(h)
|
|
|
— |
|
|
|
18 |
|
|
|
(3,964 |
) |
|
|
— |
|
|
Other unallocated(i)
|
|
|
— |
|
|
|
27 |
|
|
|
(1,268 |
) |
|
|
113 |
|
| |
|
|
$67,057 |
|
|
|
$9,392 |
|
|
|
$9,282 |
|
|
|
$8,487 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YEAR ENDED DECEMBER 31,
2009(c)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Primary Care
|
|
|
$22,576 |
|
|
|
$1,407 |
|
|
|
$15,100 |
|
|
|
$130 |
|
|
Specialty Care and
Oncology
|
|
|
8,925 |
|
|
|
1,060 |
|
|
|
4,661 |
|
|
|
269 |
|
|
Established Products and Emerging
Markets
|
|
|
13,947 |
|
|
|
392 |
|
|
|
6,955 |
|
|
|
360 |
|
|
Animal Health and Consumer
Healthcare
|
|
|
3,258 |
|
|
|
297 |
|
|
|
812 |
|
|
|
142 |
|
|
Total reportable segments
|
|
|
48,706 |
|
|
|
3,156 |
|
|
|
27,528 |
|
|
|
901 |
|
|
Nutrition and other business
activities(d)
|
|
|
563 |
|
|
|
2,706 |
|
|
|
(2,751 |
) |
|
|
181 |
|
|
Reconciling Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate(e)
|
|
|
— |
|
|
|
1,296 |
|
|
|
(4,657 |
) |
|
|
526 |
|
|
Purchase accounting
adjustments(f)
|
|
|
— |
|
|
|
37 |
|
|
|
(3,787 |
) |
|
|
2,799 |
|
|
Acquisition-related costs(g)
|
|
|
— |
|
|
|
13 |
|
|
|
(4,025 |
) |
|
|
241 |
|
|
Certain significant items(h)
|
|
|
— |
|
|
|
56 |
|
|
|
(1,511 |
) |
|
|
— |
|
|
Other unallocated(i)
|
|
|
— |
|
|
|
560 |
|
|
|
(123 |
) |
|
|
109 |
|
| |
|
|
$49,269 |
|
|
|
$7,824 |
|
|
|
$10,674 |
|
|
|
$4,757 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Income
from continuing operations before provision for taxes on
income.
|
| (b) |
Certain
production facilities are shared. Depreciation is allocated based
on estimates of physical production.
|
| (c) |
For 2011,
includes King commencing on the acquisition date of
January 31, 2011. For 2009, includes Wyeth commencing on the
acquisition date of October 15, 2009.
|
| (d) |
Other
business activities includes the revenues and operating results of
Pfizer CentreSource, our contract manufacturing and bulk
pharmaceutical chemical sales operation, and the research and
development costs managed by our Worldwide Research and Development
organization and our Pfizer Medical organization.
|
| (e) |
Corporate
for R&D expenses includes, among other things, administration
expenses and compensation expenses associated with our research and
development activities and for Earnings includes, among other
things, administration expenses, interest income/(expense), certain
compensation and other costs not charged to our operating
segments.
|
| (f) |
Purchase
accounting adjustments include certain charges related to the fair
value adjustments to inventory, intangible assets and property,
plant and equipment.
|
| (g) |
Acquisition-related costs can include costs associated with
acquiring, integrating and restructuring newly acquired businesses,
such as transaction costs, integration costs, restructuring charges
and additional depreciation associated with asset restructuring
(see Note 3. Restructuring Charges and Other Costs Associated
with Acquisitions and Cost-Reduction/Productivity Initiatives
for additional information).
|
| (h) |
Certain
significant items are substantive, unusual items that, either as a
result of their nature or size, would not be expected to occur as
part of our normal business on a regular basis. Such items
primarily include restructuring charges and implementation costs
associated with our cost-reduction and productivity initiatives
that are not associated with an acquisition, the impact of certain
tax and/or legal settlements and certain asset
impairments.
|
| (i) |
Includes
overhead expenses associated with our manufacturing and commercial
operations not directly attributable to an operating segment. In
2009, R&D expenses include approximately $550 million of Wyeth
R&D expenses and Earnings include approximately $900 million of
Wyeth earnings and $290 million of operating expenses incurred in
Japan associated with our three biopharmaceutical operating
segments, where allocation among the segments is not
practicable.
|
|
| Schedule of Revenues by Geographic Region |
Revenues by geographic region follow:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
YEAR ENDED DECEMBER 31, |
|
|
(MILLIONS OF
DOLLARS) |
|
2011 |
|
|
2010 |
|
|
2009 |
|
|
Revenues(a)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
26,933 |
|
|
$ |
28,855 |
|
|
$ |
21,540 |
|
|
Developed Europe(b)
|
|
|
16,297 |
|
|
|
16,345 |
|
|
|
12,586 |
|
|
Developed Rest of World(c)
|
|
|
11,091 |
|
|
|
10,008 |
|
|
|
8,097 |
|
|
Emerging Markets(d)
|
|
|
13,104 |
|
|
|
11,849 |
|
|
|
7,046 |
|
|
Consolidated
|
|
$ |
67,425 |
|
|
$ |
67,057 |
|
|
$ |
49,269 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
For 2011,
includes King commencing on the acquisition date of
January 31, 2011. For 2009, includes Wyeth commencing on the
acquisition date of October 15, 2009.
|
| (b) |
Developed
Europe region includes the following markets: Western Europe,
Finland and the Scandinavian countries. Euro revenues were
approximately $12 billion for each of 2011 and 2010 and $10 billion
for 2009.
|
| (c) |
Developed
Rest of World region includes the following markets: Australia,
Canada, Japan, New Zealand, and South Korea.
|
| (d) |
Emerging
Markets region includes, but is not limited to, the following
markets: Asia (excluding Japan and South Korea), Latin America,
Middle East, Africa, Central and Eastern Europe and
Turkey.
|
|
| Schedule of Long-Lived Assets by Geographic Region |
Long-lived assets by geographic region
follow:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
AS OF DECEMBER 31, |
|
|
(MILLIONS OF
DOLLARS) |
|
2011 |
|
|
2010 |
|
|
Property, plant and equipment,
net
|
|
|
|
|
|
|
|
|
|
United States
|
|
|
$ 7,893 |
|
|
|
$ 8,537 |
|
|
Developed Europe(a)
|
|
|
6,023 |
|
|
|
7,159 |
|
|
Developed Rest of World(b)
|
|
|
904 |
|
|
|
854 |
|
|
Emerging Markets(c)
|
|
|
2,118 |
|
|
|
2,095 |
|
|
Consolidated
|
|
|
$16,938 |
|
|
|
$18,645 |
|
| |
|
|
|
|
|
|
|
|
| (a) |
Developed
Europe region includes the following markets: Western Europe,
Finland and the Scandinavian countries.
|
| (b) |
Developed
Rest of World region includes the following markets: Australia,
Canada, Japan, New Zealand, and South Korea.
|
| (c) |
Emerging
Markets region includes, but is not limited to, the following
markets: Asia (excluding Japan and South Korea), Latin America,
Middle East, Africa, Central and Eastern Europe and
Turkey.
|
|
| Schedule of Significant Product Revenues |
Significant product revenues follow:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
YEAR ENDED DECEMBER 31,
|
|
| (MILLIONS OF DOLLARS) |
|
2011 |
|
|
2010 |
|
|
2009 |
|
|
|
|
|
Revenues from biopharmaceutical
products(a):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lipitor(b)
|
|
|
$9,577 |
|
|
|
$10,733 |
|
|
|
$11,434 |
|
|
Lyrica
|
|
|
3,693 |
|
|
|
3,063 |
|
|
|
2,840 |
|
|
Prevnar 13/Prevenar 13(c)
|
|
|
3,657 |
|
|
|
2,416 |
|
|
|
— |
|
|
Enbrel (Outside the U.S. and
Canada)(c)
|
|
|
3,666 |
|
|
|
3,274 |
|
|
|
378 |
|
|
Celebrex
|
|
|
2,523 |
|
|
|
2,374 |
|
|
|
2,383 |
|
|
Viagra
|
|
|
1,981 |
|
|
|
1,928 |
|
|
|
1,892 |
|
|
Norvasc
|
|
|
1,445 |
|
|
|
1,506 |
|
|
|
1,973 |
|
|
Zyvox
|
|
|
1,283 |
|
|
|
1,176 |
|
|
|
1,141 |
|
|
Xalatan/Xalacom
|
|
|
1,250 |
|
|
|
1,749 |
|
|
|
1,737 |
|
|
Sutent
|
|
|
1,187 |
|
|
|
1,066 |
|
|
|
964 |
|
|
Geodon/Zeldox
|
|
|
1,022 |
|
|
|
1,027 |
|
|
|
1,002 |
|
|
Premarin family(c)
|
|
|
1,013 |
|
|
|
1,040 |
|
|
|
213 |
|
|
Genotropin
|
|
|
889 |
|
|
|
885 |
|
|
|
887 |
|
|
Detrol/Detrol LA
|
|
|
883 |
|
|
|
1,013 |
|
|
|
1,154 |
|
|
Vfend
|
|
|
747 |
|
|
|
825 |
|
|
|
798 |
|
|
Chantix/Champix
|
|
|
720 |
|
|
|
755 |
|
|
|
700 |
|
|
BeneFIX(c)
|
|
|
693 |
|
|
|
643 |
|
|
|
98 |
|
|
Effexor(c)
|
|
|
678 |
|
|
|
1,718 |
|
|
|
520 |
|
|
Zosyn/Tazocin(c)
|
|
|
636 |
|
|
|
952 |
|
|
|
184 |
|
|
Pristiq(c)
|
|
|
577 |
|
|
|
466 |
|
|
|
82 |
|
|
Zoloft
|
|
|
573 |
|
|
|
532 |
|
|
|
516 |
|
|
Caduet
|
|
|
538 |
|
|
|
527 |
|
|
|
548 |
|
|
Revatio
|
|
|
535 |
|
|
|
481 |
|
|
|
450 |
|
|
Medrol
|
|
|
510 |
|
|
|
455 |
|
|
|
457 |
|
|
ReFacto AF/Xyntha(c)
|
|
|
506 |
|
|
|
404 |
|
|
|
47 |
|
|
Prevnar/Prevenar
(7-valent)(c)
|
|
|
488 |
|
|
|
1,253 |
|
|
|
287 |
|
|
Zithromax/Zmax
|
|
|
453 |
|
|
|
415 |
|
|
|
430 |
|
|
Aricept(d)
|
|
|
450 |
|
|
|
454 |
|
|
|
435 |
|
|
Fragmin
|
|
|
382 |
|
|
|
341 |
|
|
|
359 |
|
|
Cardura
|
|
|
380 |
|
|
|
413 |
|
|
|
457 |
|
|
Rapamune(c)
|
|
|
372 |
|
|
|
388 |
|
|
|
57 |
|
|
Aromasin
|
|
|
361 |
|
|
|
483 |
|
|
|
483 |
|
|
BMP2(c)
|
|
|
340 |
|
|
|
400 |
|
|
|
81 |
|
|
Relpax
|
|
|
341 |
|
|
|
323 |
|
|
|
326 |
|
|
Xanax XR
|
|
|
306 |
|
|
|
307 |
|
|
|
318 |
|
|
Tygacil(c)
|
|
|
298 |
|
|
|
324 |
|
|
|
54 |
|
|
Neurontin
|
|
|
289 |
|
|
|
322 |
|
|
|
327 |
|
|
Diflucan
|
|
|
265 |
|
|
|
278 |
|
|
|
281 |
|
|
Arthrotec
|
|
|
242 |
|
|
|
250 |
|
|
|
270 |
|
|
Unasyn
|
|
|
231 |
|
|
|
244 |
|
|
|
245 |
|
|
Sulperazon
|
|
|
218 |
|
|
|
213 |
|
|
|
204 |
|
|
Skelaxin(e)
|
|
|
203 |
|
|
|
— |
|
|
|
— |
|
|
Inspra
|
|
|
195 |
|
|
|
157 |
|
|
|
130 |
|
|
Dalacin/Cleocin
|
|
|
192 |
|
|
|
214 |
|
|
|
241 |
|
|
Methotrexate
|
|
|
191 |
|
|
|
164 |
|
|
|
21 |
|
|
Toviaz
|
|
|
187 |
|
|
|
137 |
|
|
|
59 |
|
|
Somavert
|
|
|
183 |
|
|
|
157 |
|
|
|
147 |
|
|
Alliance revenues(f)
|
|
|
3,630 |
|
|
|
4,084 |
|
|
|
2,925 |
|
|
All other biopharmaceutical
products(g)
|
|
|
6,768 |
|
|
|
6,194 |
|
|
|
4,913 |
|
|
|
|
|
Total revenues from biopharmaceutical
products
|
|
|
57,747 |
|
|
|
58,523 |
|
|
|
45,448 |
|
|
|
|
|
Revenues from other
products(a):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Animal Health(g)
|
|
|
4,184 |
|
|
|
3,575 |
|
|
|
2,764 |
|
|
Consumer Healthcare(c)
|
|
|
3,057 |
|
|
|
2,772 |
|
|
|
494 |
|
|
Nutrition(c)
|
|
|
2,138 |
|
|
|
1,867 |
|
|
|
191 |
|
|
Pfizer CentreSource
|
|
|
299 |
|
|
|
320 |
|
|
|
372 |
|
|
|
|
|
Total revenues(a)
|
|
|
$67,425 |
|
|
|
$67,057 |
|
|
|
$49,269 |
|
|
|
|
| (a) |
For 2011,
includes King commencing on the acquisition date of
January 31, 2011. For 2009, includes Wyeth commencing on the
acquisition date of October 15, 2009.
|
| (b) |
On
November 30, 2011, Lipitor lost exclusivity in the U.S. This
loss of exclusivity reduced revenues by $326 million in 2011, in
comparison with 2010.
|
| (d) |
Represents direct sales under license agreement with Eisai Co.,
Ltd.
|
| (f) |
Enbrel
(in the U.S. and Canada), Aricept, Exforge, Rebif and
Spiriva.
|
| (g) |
Includes
products from legacy Pfizer, legacy Wyeth and legacy
King.
|
|