---
schema_version: "secwatch.filing_event.v1"
accession: "0000059478-22-000117"
form_type: "8-K"
ticker: "LLY"
cik: "0000059478"
company_name: "ELI LILLY & Co"
filed_at: "2022-04-14T23:59:59+00:00"
generated_at: "2026-06-26T07:29:44.199611+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Lilly to change non-GAAP presentation; anticipates ~$165M IPR&D charge for Q1 2022, $0.15 EPS impact

## Summary
- Will no longer adjust for upfront charges/development milestones on acquired IPR&D projects in non-GAAP measures.
- Anticipates ~$165 million in such charges for Q1 2022, impacting EPS by ~$0.15.
- Change follows SEC guidance; historical financials to be restated on company website.

## SEC filing metadata
- accession: 0000059478-22-000117
- form_type: 8-K
- ticker: LLY
- cik: 0000059478
- company_name: ELI LILLY & Co
- filed_at: 2022-04-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59478/000005947822000117/0000059478-22-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59478/000005947822000117/lly-20220414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059478-22-000117
- JSON: https://secwatch.observer/filing/0000059478-22-000117.json
- Plain text: https://secwatch.observer/filing/0000059478-22-000117.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.