secwatch.observer — SEC 8-K summary
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Issuer:     ELI LILLY & Co (LLY)
CIK:        0000059478
Form:       8-K
Filed at:   2022-04-14T23:59:59+00:00
Accession:  0000059478-22-000117
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59478/000005947822000117/0000059478-22-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59478/000005947822000117/lly-20220414.htm
  HTML page:      https://secwatch.observer/filing/0000059478-22-000117

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