Johnson & Johnson Reports 2012 Third-Quarter Results: Sales of $17.1 Billion increased 6.5% Versus 2011 Third Quarter; Third-Quarter EPS was $1.05 Excluding Special Items, 2012 Third-Quarter EPS of $1.25 increased 0.8%*

NEW BRUNSWICK, N.J., Oct. 16, 2012 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ) today announced sales of $17.1 billion for the third quarter of 2012, an increase of 6.5% as compared to the third quarter of 2011. Operational results increased 10.8% and the negative impact of currency was 4.3%. Domestic sales increased 13.4%. International sales increased 1.4%, reflecting operational growth of 8.9% and a negative currency impact of 7.5%. Sales included the impact of the recently completed acquisition of Synthes, Inc., which contributed 5.8% to worldwide operational sales growth, net of the divestiture of the DePuy trauma business.

Net earnings** and diluted earnings per share for the third quarter of 2012 were $3.0 billion and $1.05, respectively. Third-quarter 2012 net earnings included after-tax special items of $553 million, primarily consisting of a non-cash net charge related to in-process research and development due to the discontinuation of the phase 3 clinical development of bapineuzumab IV, transaction and integration costs related to the acquisition of Synthes, Inc., and DePuy ASR Hip related costs. Third-quarter 2011 net earnings included an after-tax special item of $241 million, consisting of a mark-to-market adjustment to the value of the currency option and deal costs related to the acquisition of Synthes, Inc. Excluding these special items, net earnings for the current quarter were $3.5 billion and diluted earnings per share were $1.25, representing increases of 2.3% and 0.8%, respectively, as compared to the same period in 2011.*                                        

"Our third-quarter results reflected continued sales momentum driven by strong growth of key products, successful new product launches, and the addition of Synthes to our family of companies. We advanced our pipelines with regulatory approvals for a number of new products, the submission of several new drug applications, and the completion of several strategic collaborations," said Alex Gorsky, Chief Executive Officer. "I'm extremely proud of our talented and dedicated colleagues throughout Johnson & Johnson and I have great confidence in our ability to deliver sustainable growth and bring meaningful innovations to patients and customers around the world."

The Company updated its earnings guidance for full-year 2012 to $5.05 - $5.10 per share. The Company's guidance excludes the impact of special items.

Worldwide Consumer sales of $3.6 billion for the third quarter represented a decrease of 4.3% versus the prior year consisting of an operational increase of 1.0% and a negative impact from currency of 5.3%. Domestic sales decreased 0.4%.  International sales decreased 6.1%, which reflected an operational increase of 1.8% and a negative currency impact of 7.9%.

Positive contributors to operational results were sales of upper respiratory over-the-counter products; international sales of LISTERINE® oral care products; and NEUTROGENA® skin care products.  

Worldwide Pharmaceutical sales of $6.4 billion for the third quarter represented an increase of 7.0% versus the prior year with operational growth of 11.3% and a negative impact from currency of 4.3%. Domestic sales increased 14.6%.  International sales were flat and reflected an operational increase of 8.2% offset by a negative currency impact of 8.2%. 

Primary contributors to operational sales growth were REMICADE® (infliximab), a biologic approved for the treatment of a number of immune-mediated, inflammatory diseases; PREZISTA® (darunavir), a treatment for HIV; VELCADE® (bortezomib), a treatment for multiple myeloma; and a number of recently launched products.

The strong sales results of recently launched products included ZYTIGA® (abiraterone acetate), an oral, once-daily medication for use in combination with prednisone, for the treatment of metastatic, castration-resistant prostate cancer; INVEGA® SUSTENNA®/XEPLION® (paliperidone palmitate), a once-monthly, long-acting, injectable atypical antipsychotic for the acute and maintenance treatment of schizophrenia in adults; STELARA® (ustekinumab), a biologic approved for the treatment of moderate to severe plaque psoriasis; international sales of INCIVO® (telaprevir), a direct acting antiviral protease inhibitor, for the treatment of genotype-1 chronic hepatitis C virus, in combination with peginterferon alfa and ribavirin, in adults; XARELTO® (rivaroxaban), an oral anticoagulant; and SIMPONI® (golimumab), a biologic approved to treat adults with moderate to severe rheumatoid arthritis, psoriatic arthritis, and ankylosing spondylitis.

Sales results were negatively impacted by the manufacturing suspension at a third-party supplier for DOXIL® (doxorubicin HCl liposome injection)/CAELYX® (pegylated liposomal doxorubicin hydrochloride), a medication to treat ovarian and other cancers.

During the quarter, the U.S. Food and Drug Administration (FDA) approved the supplemental New Drug Application for NUCYNTA® ER (tapentadol) extended-release tablets, an oral analgesic taken twice daily, for the management of neuropathic pain associated with diabetic peripheral neuropathy in adults. In addition, the European Commission approved the marketing authorizations for DACOGEN® (decitabine) for the treatment of adult patients (age 65 years and above) with newly diagnosed de novo or secondary acute myeloid leukemia who are not candidates for standard induction chemotherapy, and for the subcutaneous administration of VELCADE® (bortezomib) for the treatment of multiple myeloma.

Also during the quarter, a Biologics License Application was submitted to the FDA requesting approval of an investigational intravenous formulation of the anti-tumor necrosis factor (TNF)-alpha SIMPONI® (golimumab) for the treatment of adults with moderately to severely active rheumatoid arthritis. In addition, a supplemental Biologics License Application was submitted to the FDA and a Type II Variation was submitted to the European Medicines Agency (EMA) requesting approval of SIMPONI® (golimumab) for the treatment of adult patients with moderately to severely active ulcerative colitis who have had an inadequate response to conventional therapy.

In August, a Marketing Authorization Application was submitted to the EMA seeking conditional approval for the use of bedaquiline (TMC207) as an oral treatment, to be used as part of combination therapy for pulmonary, multi-drug resistant tuberculosis in adults.

In October, a license agreement was entered into with Astellas Pharma Inc. for the worldwide development and commercialization, except in Japan, of ASP015K, an oral, small molecule Janus Kinase inhibitor. ASP015K is currently in Phase 2b development as a once-daily oral treatment for moderate-to-severe rheumatoid arthritis.

Worldwide Medical Devices and Diagnostics sales of $7.1 billion for the third quarter represented an increase of 12.5% versus the prior year consisting of an operational increase of 16.1% and a negative currency impact of 3.6%. Domestic sales increased 18.3%. International sales increased 7.9%, which reflected an operational increase of 14.4% and a negative currency impact of 6.5%. Sales included the impact of the recently completed acquisition of Synthes, Inc., which contributed 14.7%, 17.9%, and 12.2% to worldwide, domestic and international operational sales growth, respectively, net of the divestiture of the DePuy trauma business.  

Primary contributors to operational growth were sales from the recently completed acquisition of Synthes, Inc. in our Orthopaedics business; Biosense Webster's electrophysiology products in our Cardiovascular Care business; a number of products in our Specialty Surgery business; and Vistakon's disposable contact lenses.

During the quarter, Calibra Medical, Inc., a privately held developer of a unique, wearable three-day insulin patch designed to offer a convenient and discrete mealtime insulin dosing option for people with diabetes who take multiple daily injections of insulin, was acquired.

About Johnson & Johnson
Caring for the world, one person at a time…inspires and unites the people of Johnson & Johnson. We embrace research and science - bringing innovative ideas, products and services to advance the health and well-being of people. Our approximately 129,000 employees at more than 250 Johnson & Johnson operating companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.

* Net earnings** and diluted earnings per share excluding special items are non-GAAP financial measures and should not be considered replacements for, and should be read together with, the most comparable GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is included in the financial schedules accompanying this press release and can be found in the Investor Relations section of the Company's website at www.investor.jnj.com.

** Net earnings attributable to Johnson & Johnson. 

NOTE TO INVESTORS

Johnson & Johnson will conduct a conference call with financial analysts to discuss this news release today at 8:30 a.m., Eastern Time. A simultaneous webcast of the meeting for investors and other interested parties may be accessed by visiting the Johnson & Johnson website at www.investor.jnj.com. A replay and podcast will be available approximately two hours after the live webcast by visiting www.investor.jnj.com.

Copies of the financial schedules accompanying this press release are available at www.investor.jnj.com/historical-sales.cfm.  These schedules include supplementary sales data,  condensed consolidated statements of earnings, and sales of key products/franchises.  Additional information on Johnson & Johnson, including a pharmaceutical pipeline of selected compounds in late stage development and medical devices and diagnostics pipeline of selected products, can be found on the Company's website at www.jnj.com

(This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995.  The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events.  If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson.  Risks and uncertainties include, but are not limited to, general industry conditions and competition; economic factors, such as interest rate and currency exchange rate fluctuations; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approvals; challenges to patents; significant adverse litigation or government action; impact of business combinations; financial distress and bankruptcies experienced by significant customers and suppliers; changes to governmental laws and regulations and domestic and foreign health care reforms; trends toward health care cost containment; increased scrutiny of the health care industry by government agencies; changes in behavior and spending patterns of purchasers of health care products and services; financial instability of international economies and sovereign risk; disruptions due to natural disasters; manufacturing difficulties or delays; and product efficacy or safety concerns resulting in product recalls or regulatory action. A further list and description of these risks, uncertainties and other factors can be found in Exhibit 99 of Johnson & Johnson's Annual Report on Form 10-K for the fiscal year ended January 1, 2012.  Copies of this Form 10-K, as well as subsequent filings, are available online at www.sec.gov, www.investor.jnj.com or on request from Johnson & Johnson.  Johnson & Johnson does not undertake to update any forward-looking statements as a result of new information or future events or developments.)

  





















Johnson & Johnson and Subsidiaries













Supplementary Sales Data



































(Unaudited; Dollars in Millions)

THIRD QUARTER


NINE MONTHS






Percent Change






Percent Change


2012


2011


Total


Operations


Currency


2012


2011


Total


Operations


Currency

Sales to customers by




















segment of business








































Consumer




















    U.S.

$      1,214


1,219


(0.4)

%

(0.4)


-


$       3,843


3,903


(1.5)

%

(1.5)


-

    International

2,367


2,521


(6.1)


1.8


(7.9)


6,952


7,312


(4.9)


1.4


(6.3)


3,581


3,740


(4.3)


1.0


(5.3)


10,795


11,215


(3.7)


0.4


(4.1)





















Pharmaceutical




















    U.S.

3,288


2,869


14.6


14.6


-


9,408


9,499


(1.0)


(1.0)


-

    International

3,114


3,113


0.0


8.2


(8.2)


9,418


8,775


7.3


14.1


(6.8)


6,402


5,982


7.0


11.3


(4.3)


18,826


18,274


3.0


6.3


(3.3)





















Med Devices & Diagnostics




















    U.S.

3,289


2,780


18.3


18.3


-


9,119


8,521


7.0


7.0


-

    International

3,780


3,503


7.9


14.4


(6.5)


10,926


10,765


1.5


6.2


(4.7)


7,069


6,283


12.5


16.1


(3.6)


20,045


19,286


3.9


6.5


(2.6)





















U.S.

7,791


6,868


13.4


13.4


-


22,370


21,923


2.0


2.0


-

International

9,261


9,137


1.4


8.9


(7.5)


27,296


26,852


1.7


7.5


(5.8)

Worldwide

$    17,052


16,005


6.5

%

10.8


(4.3)


$     49,666


48,775


1.8

%

5.0


(3.2)

  





















Johnson & Johnson and Subsidiaries













Supplementary Sales Data


































(Unaudited; Dollars in Millions)

THIRD QUARTER


NINE MONTHS






Percent Change






Percent Change


2012


2011


Total


Operations


Currency


2012


2011


Total


Operations


Currency

Sales to customers by




















geographic area








































U.S.

$   7,791


6,868


13.4

%

13.4


-


$ 22,370


21,923


2.0

%

2.0


-





















Europe

3,983


4,124


(3.4)


7.1


(10.5)


12,342


12,850


(4.0)


4.2


(8.2)

Western Hemisphere excluding U.S.

1,824


1,751


4.2


12.8


(8.6)


5,266


4,730


11.3


19.1


(7.8)

Asia-Pacific, Africa

3,454


3,262


5.9


9.0


(3.1)


9,688


9,272


4.5


6.1


(1.6)

International

9,261


9,137


1.4


8.9


(7.5)


27,296


26,852


1.7


7.5


(5.8)





















Worldwide

$ 17,052


16,005


6.5

%

10.8


(4.3)


$ 49,666


48,775


1.8

%

5.0


(3.2)

  











Johnson & Johnson and Subsidiaries





Condensed Consolidated Statement of Earnings 















(Unaudited; in Millions Except Per Share Figures)

THIRD QUARTER












2012


2011


Percent




Percent




Percent


Increase


Amount


to Sales


Amount


to Sales


(Decrease)

Sales to customers

$ 17,052


100.0


$ 16,005


100.0


6.5

Cost of products sold

5,597


32.8


5,072


31.7


10.4

Selling, marketing and administrative expenses

5,228


30.6


5,240


32.7


(0.2)

Research and development expense

1,923


11.3


1,773


11.1


8.5

In-process research and development

679


4.0


-


-



Interest (income) expense, net

120


0.7


117


0.7



Other (income) expense, net

(90)


(0.5)


(308)


(1.9)



Earnings before provision for taxes on income

3,595


21.1


4,111


25.7


(12.6)

Provision for taxes on income

966


5.7


909


5.7


6.3

Net earnings

2,629


15.4


3,202


20.0


(17.9)

Add: Net loss attributable to noncontrolling interest

339


2.0


-


-



Net earnings attributable to Johnson & Johnson

$   2,968


17.4


$   3,202


20.0


(7.3)











Net earnings per share attributable to Johnson & Johnson (Diluted)

$     1.05




$     1.15




(8.7)











Average shares outstanding (Diluted)

2,818.1




2,778.2















Effective tax rate

26.9

%



22.1

%














Adjusted earnings before provision for taxes and net earnings










  attributable to Johnson & Johnson (1) 










  Earnings before provision for taxes on income

$   4,525


26.5


$   4,427


27.7


2.2

  Net earnings attributable to Johnson & Johnson

$   3,521


20.6


$   3,443


21.5


2.3

  Net earnings per share attributable to Johnson &
  Johnson (Diluted)

$     1.25




$     1.24




0.8

  Effective tax rate

22.2

%



22.2

%














(1) See Reconciliation of Non-GAAP Financial Measures.







  











Johnson & Johnson and Subsidiaries







Condensed Consolidated Statement of Earnings 
















(Unaudited; in Millions Except Per Share Figures)

NINE MONTHS












2012


2011


Percent




Percent




Percent


Increase


Amount


to Sales


Amount


to Sales


(Decrease)

Sales to customers

$ 49,666


100.0


$ 48,775


100.0


1.8

Cost of products sold

15,655


31.5


15,022


30.8


4.2

Selling, marketing and administrative expenses

15,208


30.6


15,511


31.8


(2.0)

Research and development expense

5,334


10.7


5,393


11.0


(1.1)

In-process research and development

1,108


2.2


-


-



Interest (income) expense, net

379


0.8


332


0.7



Other (income) expense, net

1,307


2.7


(115)


(0.2)



Restructuring expense

-


-


589


1.2



Earnings before provision for taxes on income

10,675


21.5


12,043


24.7


(11.4)

Provision for taxes on income

2,728


5.5


2,589


5.3


5.4

Net earnings

7,947


16.0


9,454


19.4


(15.9)

Add: Net loss attributable to noncontrolling interest

339


0.7


-


-



Net earnings attributable to Johnson & Johnson

$   8,286


16.7


$   9,454


19.4


(12.4)











Net earnings per share attributable to Johnson & Johnson (Diluted)

$     2.96




$     3.40




(12.9)











Average shares outstanding (Diluted)

2,805.0




2,777.6















Effective tax rate

25.6

%



21.5

%














Adjusted earnings before provision for taxes and net earnings










   attributable to Johnson & Johnson (1)










  Earnings before provision for taxes on income

$ 14,099


28.4


$ 13,696


28.1


2.9

  Net earnings attributable to Johnson & Johnson

$ 10,969


22.1


$ 10,738


22.0


2.2

  Net earnings per share attributable to Johnson & Johnson
  (Diluted)

$     3.91




$     3.87




1.0

  Effective tax rate

22.2

%



21.6

%














(1) See Reconciliation of Non-GAAP Financial Measures.








    















Johnson & Johnson and Subsidiaries









Reconciliation of Non-GAAP Financial Measures























Third Quarter


% Incr. /



Nine Months YTD


% Incr. /


(Dollars in Millions Except Per Share Data)

2012


2011


(Decr.)



2012


2011


(Decr.)
















Earnings before provision for taxes on income - as reported

$ 3,595


4,111


(12.6)

%


$ 10,675


$ 12,043


(11.4)

%















Intangible asset write-downs/adjustments

(30)


-





909


-


















Net litigation

-


-





669


576


















Synthes integration/transaction costs and currency related

165

(1)

316





622


214


















In-process research and development

679


-





1,108


-


















Restructuring - Cordis

-


-





-


676


















DePuy ASR™Hip related costs

116


-





116


187


















Earnings before provision for taxes on income - as adjusted

$ 4,525


4,427


2.2

%


$ 14,099


13,696


2.9

%















Net Earnings attributable to Johnson & Johnson - as reported

$ 2,968


3,202


(7.3)

%


$   8,286


9,454


(12.4)

%















Intangible asset write-downs

(16)


-





701


-


















Net litigation

-


-





611


444


















Synthes integration/transaction costs and currency related

135


241





593


139


















In-process research and development

340

(2)

-





684


-


















Restructuring - Cordis

-


-





-


549


















DePuy ASR™Hip related costs

94


-





94


152


















Net Earnings attributable to Johnson & Johnson - as adjusted 

$ 3,521


3,443


2.3

%


$ 10,969


10,738


2.2

%















Diluted Net Earnings per share attributable to Johnson & Johnson - as reported

$   1.05


1.15


(8.7)

%


$     2.96


3.40


(12.9)

%















Intangible asset write-downs

(0.01)


-





0.25


-


















Net litigation

-


-





0.22


0.16


















Synthes integration/transaction costs and currency related

0.05


0.09





0.21


0.05


















In-process research and development

0.13


-





0.24


-


















Restructuring - Cordis

-


-





-


0.20


















DePuy ASR™Hip related costs

0.03


-





0.03


0.06


















Diluted Net Earnings per share attributable to Johnson & Johnson - as adjusted 

$   1.25


1.24


0.8

%


$     3.91


3.87


1.0

%















(1) Represents inventory step-up recorded in cost of products sold

























(2) In-process research and development of $679M offset by $339M reported as net loss attributable to noncontrolling interest


















The Company believes investors gain additional perspective of underlying business trends and results by providing a measure of earnings before provision for taxes on income, net earnings and diluted net earnings per share that excludes special items in order to evaluate ongoing business operations.















 


REPORTED SALES vs. PRIOR PERIOD ($MM)


THIRD QUARTER


NINE MONTHS




% Change




% Change


2012

2011

Reported

Operational (1)

Currency


2012

2011

Reported

Operational (1)

Currency

CONSUMER SEGMENT (2) 












BABY CARE












US

$     104

105

-1.0%

-1.0%

-


$       309

315

-1.9%

-1.9%

-

Intl

460

508

-9.4%

-2.1%

-7.3%


1,373

1,457

-5.8%

0.3%

-6.1%

WW

564

613

-8.0%

-1.9%

-6.1%


1,682

1,772

-5.1%

-0.1%

-5.0%

ORAL CARE












US

162

162

0.0%

0.0%

-


476

483

-1.4%

-1.4%

-

Intl

251

260

-3.5%

4.7%

-8.2%


732

729

0.4%

7.1%

-6.7%

WW

413

422

-2.1%

3.0%

-5.1%


1,208

1,212

-0.3%

3.7%

-4.0%

OTC/NUTRITIONALS












US

351

332

5.7%

5.7%

-


1,068

1,059

0.8%

0.8%

-

Intl

709

722

-1.8%

6.0%

-7.8%


2,128

2,207

-3.6%

2.5%

-6.1%

WW

1,060

1,054

0.6%

5.9%

-5.3%


3,196

3,266

-2.1%

2.0%

-4.1%

SKIN CARE












US

390

376

3.7%

3.7%

-


1,314

1,251

5.0%

5.0%

-

Intl

514

567

-9.3%

-2.2%

-7.1%


1,410

1,520

-7.2%

-1.4%

-5.8%

WW

904

943

-4.1%

0.2%

-4.3%


2,724

2,771

-1.7%

1.5%

-3.2%

WOMEN'S HEALTH












US

81

104

-22.1%

-22.1%

-


254

350

-27.4%

-27.4%

-

Intl

326

354

-7.9%

2.3%

-10.2%


964

1,044

-7.7%

0.2%

-7.9%

WW

407

458

-11.1%

-3.2%

-7.9%


1,218

1,394

-12.6%

-6.7%

-5.9%

WOUND CARE/OTHER












US

126

140

-10.0%

-10.0%

-


422

445

-5.2%

-5.2%

-

Intl

107

110

-2.7%

4.5%

-7.2%


345

355

-2.8%

3.0%

-5.8%

WW

233

250

-6.8%

-3.6%

-3.2%


767

800

-4.1%

-1.5%

-2.6%













TOTAL CONSUMER












US

1,214

1,219

-0.4%

-0.4%

-


3,843

3,903

-1.5%

-1.5%

-

Intl

2,367

2,521

-6.1%

1.8%

-7.9%


6,952

7,312

-4.9%

1.4%

-6.3%

WW

$ 3,581

3,740

-4.3%

1.0%

-5.3%


$ 10,795

11,215

-3.7%

0.4%

-4.1%

























See footnotes at end of schedule































































































REPORTED SALES vs. PRIOR PERIOD ($MM)


THIRD QUARTER


NINE MONTHS




% Change




% Change


2012

2011

Reported

Operational (1)

Currency


2012

2011

Reported

Operational (1)

Currency

PHARMACEUTICAL SEGMENT  (2) (4)












IMMUNOLOGY












US

$ 1,600

1,390

15.1%

15.1%

-


$    4,524

4,350

4.0%

4.0%

-

Intl

484

377

28.4%

37.1%

-8.7%


1,374

652

*

*

-5.7%

WW

2,084

1,767

17.9%

19.8%

-1.9%


5,898

5,002

17.9%

19.2%

-1.3%

  REMICADE












  US 

940

876

7.3%

7.3%

-


2,712

2,500

8.5%

8.5%

-

  US Exports (3)

379

343

10.5%

10.5%

-


1,123

1,360

-17.4%

-17.4%

-

  Intl

272

189

43.9%

53.2%

-9.3%


800

204

*

*

-5.7%

  WW

1,591

1,408

13.0%

14.3%

-1.3%


4,635

4,064

14.1%

15.1%

-1.0%

  SIMPONI












  US

93

59

57.6%

57.6%

-


220

173

27.2%

27.2%

-

  Intl

92

70

31.4%

39.7%

-8.3%


206

118

74.6%

83.0%

-8.4%

  WW

185

129

43.4%

47.9%

-4.5%


426

291

46.4%

49.8%

-3.4%

  STELARA












  US

188

112

67.9%

67.9%

-


469

317

47.9%

47.9%

-

  Intl

99

77

28.6%

39.5%

-10.9%


287

214

34.1%

43.3%

-9.2%

  WW

287

189

51.9%

56.4%

-4.5%


756

531

42.4%

46.1%

-3.7%

  OTHER IMMUNOLOGY












  US

-

-

-

-

-


-

-

-

-

-

  Intl

21

41

-48.8%

-46.6%

-2.2%


81

116

-30.2%

-27.2%

-3.0%

  WW

21

41

-48.8%

-46.6%

-2.2%


81

116

-30.2%

-27.2%

-3.0%

INFECTIOUS DISEASES












US

259

216

19.9%

19.9%

-


738

1,191

-38.0%

-38.0%

-

Intl

536

498

7.6%

18.0%

-10.4%


1,600

1,282

24.8%

34.1%

-9.3%

WW

795

714

11.3%

18.6%

-7.3%


2,338

2,473

-5.5%

-0.7%

-4.8%

  INTELENCE












  US

45

42

7.1%

7.1%

-


130

118

10.2%

10.2%

-

  Intl

49

41

19.5%

32.1%

-12.6%


135

113

19.5%

29.2%

-9.7%

  WW

94

83

13.3%

19.5%

-6.2%


265

231

14.7%

19.4%

-4.7%

  LEVAQUIN/FLOXIN












  US

10

14

-28.6%

-28.6%

-


35

585

-94.0%

-94.0%

-

  Intl

10

11

-9.1%

-4.8%

-4.3%


30

33

-9.1%

-4.2%

-4.9%

  WW

20

25

-20.0%

-18.1%

-1.9%


65

618

-89.5%

-89.2%

-0.3%

  PREZISTA












  US

181

132

37.1%

37.1%

-


507

386

31.3%

31.3%

-

  Intl

183

184

-0.5%

9.9%

-10.4%


554

509

8.8%

17.7%

-8.9%

  WW

364

316

15.2%

21.3%

-6.1%


1,061

895

18.5%

23.5%

-5.0%

  OTHER INFECTIOUS DISEASES












  US

23

28

-17.9%

-17.9%

-


66

102

-35.3%

-35.3%

-

  Intl

294

262

12.2%

22.6%

-10.4%


881

627

40.5%

50.4%

-9.9%

  WW

317

290

9.3%

18.7%

-9.4%


947

729

29.9%

38.4%

-8.5%






































REPORTED SALES vs. PRIOR PERIOD ($MM)


THIRD QUARTER


NINE MONTHS




% Change




% Change


2012

2011

Reported

Operational (1)

Currency


2012

2011

Reported

Operational (1)

Currency













NEUROSCIENCE












US

678

634

6.9%

6.9%

-


2,010

2,006

0.2%

0.2%

-

Intl

990

1,050

-5.7%

1.2%

-6.9%


3,019

3,203

-5.7%

-0.4%

-5.3%

WW

1,668

1,684

-1.0%

3.3%

-4.3%


5,029

5,209

-3.5%

-0.2%

-3.3%

  CONCERTA/METHYLPHENIDATE












  US

150

179

-16.2%

-16.2%

-


493

667

-26.1%

-26.1%

-

  Intl

104

104

0.0%

6.8%

-6.8%


337

327

3.1%

9.1%

-6.0%

  WW

254

283

-10.2%

-7.7%

-2.5%


830

994

-16.5%

-14.5%

-2.0%

  INVEGA












  US

78

74

5.4%

5.4%

-


223

219

1.8%

1.8%

-

  Intl

62

52

19.2%

26.9%

-7.7%


180

155

16.1%

21.5%

-5.4%

  WW

140

126

11.1%

14.3%

-3.2%


403

374

7.8%

10.0%

-2.2%

  INVEGA SUSTENNA/ XEPLION












  US

130

85

52.9%

52.9%

-


350

220

59.1%

59.1%

-

  Intl

82

16

*

*

-8.7%


218

23

*

*

-7.1%

  WW

212

101

*

*

-3.4%


568

243

*

*

-2.7%

  RISPERDAL CONSTA












  US

113

111

1.8%

1.8%

-


336

335

0.3%

0.3%

-

  Intl

238

279

-14.7%

-7.2%

-7.5%


731

863

-15.3%

-9.4%

-5.9%

  WW

351

390

-10.0%

-4.6%

-5.4%


1,067

1,198

-10.9%

-6.7%

-4.2%

  OTHER NEUROSCIENCE












  US

207

185

11.9%

11.9%

-


608

565

7.6%

7.6%

-

  Intl

504

599

-15.9%

-10.3%

-5.6%


1,553

1,835

-15.4%

-11.3%

-4.1%

  WW

711

784

-9.3%

-5.0%

-4.3%


2,161

2,400

-10.0%

-6.9%

-3.1%

ONCOLOGY












US

145

79

83.5%

83.5%

-


371

236

57.2%

57.2%

-

Intl

483

415

16.4%

27.3%

-10.9%


1,439

1,249

15.2%

23.6%

-8.4%

WW

628

494

27.1%

36.2%

-9.1%


1,810

1,485

21.9%

29.0%

-7.1%

  DOXIL/CAELYX












  US

9

10

-10.0%

-10.0%

-


22

130

-83.1%

-83.1%

-

  Intl

7

76

-90.8%

-89.6%

-1.2%


31

233

-86.7%

-85.4%

-1.3%

  WW

16

86

-81.4%

-80.4%

-1.0%


53

363

-85.4%

-84.6%

-0.8%

  VELCADE












  US

-

-

-

-

-


-

-

-

-

-

  Intl

327

295

10.8%

20.7%

-9.9%


998

922

8.2%

15.7%

-7.5%

  WW

327

295

10.8%

20.7%

-9.9%


998

922

8.2%

15.7%

-7.5%

  ZYTIGA












  US

136

69

97.1%

97.1%

-


349

106

*

*

-

  Intl

129

26

*

*

-10.7%


348

43

*

*

-8.5%

  WW

265

95

*

*

-5.2%


697

149

*

*

-4.2%

  OTHER ONCOLOGY












  US

-

-

-

-

-


-

-

-

-

-

  Intl

20

18

11.1%

18.8%

-7.7%


62

51

21.6%

28.1%

-6.5%

  WW

20

18

11.1%

18.8%

-7.7%


62

51

21.6%

28.1%

-6.5%


















































REPORTED SALES vs. PRIOR PERIOD ($MM)


THIRD QUARTER


NINE MONTHS




% Change




% Change


2012

2011

Reported

Operational (1)

Currency


2012

2011

Reported

Operational (1)

Currency

TOTAL OTHER












US

606

550

10.2%

10.2%

-


1,765

1,716

2.9%

2.9%

-

Intl

621

773

-19.7%

-12.8%

-6.9%


1,986

2,389

-16.9%

-11.6%

-5.3%

WW

1,227

1,323

-7.3%

-3.3%

-4.0%


3,751

4,105

-8.6%

-5.5%

-3.1%

  ACIPHEX/PARIET












  US

80

94

-14.9%

-14.9%

-


280