View our social media channel guidelines , AbbVie.com Reported results were prepared in accordance with GAAP and include all revenue and expenses recognized during the period. Reflects profit sharing for Imbruvica international revenues. AbbVie is confirming its adjusted diluted EPS guidance range for the full-year 2022 of $13.78- $13.98which includes an unfavorable impact of $0.23per share related to acquired IPR&D and. Skyrizi is part of a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading development and commercialization globally. . Company Declares Dividend Increase of 5.0 Percent. If you qualify, please. The reclassification had no impact on total operating costs and expenses, operating earnings, net earnings, net earnings attributable to AbbVie, Inc., earnings per share, or total equity. 1. Good morning, and thank you . Global net revenues from the immunology portfolio were, Combined global Skyrizi and Rinvoq net revenues were, Global net revenues from the hematologic oncology portfolio were, Global net revenues from the neuroscience portfolio were, Global Botox Therapeutic net revenues were, Global net revenues from the aesthetics portfolio were. AbbVie announced that it submitted a New Drug Application (NDA) to the FDA for ABBV-951 (foscarbidopa/foslevodopa) for the treatment of motor fluctuations in patients with advanced Parkinson's disease (PD). At the American College of Gastroenterology (ACG) Annual Scientific Meeting, AbbVie presented 26 abstracts that illustrate AbbVie's commitment to providing research and innovative solutions that support patients with high disease burden and unmet need. This area is reserved for members of the news media. NORTH CHICAGO, Ill., Oct. 28, 2022 /PRNewswire/ -- AbbVie (NYSE:ABBV) announced financial results for the third quarter ended September 30, 2022. AbbVie Financial Ratios for Analysis 2009-2022 | ABBV. Non-GAAP financial measures should be considered in addition to, and not as a substitute for, measures of financial performance prepared in accordance with GAAP. AbbVie announced the U.S. Food and Drug Administration (FDA) approved Rinvoq (upadacitinib, 15 mg, once daily) for the treatment of adults with active non-radiographic axial spondyloarthritis (nr-axSpA) with objective signs of inflammation who have had an inadequate response or intolerance to tumor necrosis factor (TNF) blocker therapy. AbbVie and iSTAR Medical announced a strategic transaction to further develop and commercialize iSTAR Medical's MINIject device, a next-generation minimally invasive glaucoma surgical (MIGS) device for patients with glaucoma. Ended September 30 . Highlights included new data on Vuity (pilocarpine HCl ophthalmic solution) 1.25%, the first and only FDA-approved eye drop for the treatment of presbyopia (age-related blurry near vision) in adults, and Durysta (bimatoprost intracameral implant), a first-of-its-kind biodegradable implant to lower eye pressure for glaucoma patients. Other primarily includes restructuring charges associated with streamlining global operations. Skyrizi is a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading development and commercialization globally. AbbVie announced the U.S. Food and Drug Administration (FDA) approved Rinvoq (upadacitinib, 15 mg, once daily) for the treatment of adults with active non-radiographic axial spondyloarthritis (nr-axSpA) with objective signs of inflammation who have had an inadequate response or intolerance to tumor necrosis factor (TNF) blocker therapy. AbbVie is announcing today that its board of directors declared an increase in the company's quarterly cash dividend from $1.41 per share to $1.48 per share beginning with the dividend payable on February 15, 2023 to shareholders of record as of January 13, 2023. Financial results for 2022 and 2021 are presented on both a reported and a non-GAAP basis. Highlights included new data that showed Venclexta (venetoclax) plus obinutuzumab demonstrated sustained progression-free survival (PFS) in chronic lymphocytic leukemia (CLL) patients after four years off treatment; results from a Phase 2 trial of epcoritamab which showed clinically meaningful efficacy in challenging-to-treat, highly refractory, large B-cell lymphoma (LBCL) patients; and new data from the Phase 2 REFINE study of investigational navitoclax in combination with ruxolitinib that is supportive of early intervention in myelofibrosis (MF) to achieve improved clinical outcomes in spleen volume reduction (SVR), symptom score and bone marrow fibrosis (BMF). | The adjusted gross margin ratio was 85.4 percent. The submission is based on results from a Phase 3, head-to-head, randomized and controlled clinical trial demonstrating statistically significant improvement in "On" time without troublesome dyskinesia compared to oral immediate-release carbidopa/levodopa (CD/LD). During the three months ended March 31, 2022, AbbVie changed its classification of development milestone expense associated with licensing and collaboration arrangements in the consolidated statement of earnings. Reported GAAP earnings and adjusted non-GAAP earnings for the nine months ended September 30, 2022 included acquired IPR&D and milestones expense of $454 million on a pre-tax and $439 million on an after-tax basis, representing an unfavorable impact of $0.25 to both diluted EPS and adjusted diluted EPS. The reclassification had no impact on total operating costs and expenses, operating earnings, net earnings, net earnings attributable to AbbVie, Inc., earnings per share, or total equity. The call will be webcast through AbbVie's Investor Relations website at investors.abbvie.com. Highlights included Phase 3 PROGRESS study results evaluating Qulipta (atogepant) for the preventive treatment of chronic migraine as well as data from studies evaluating Botox and Ubrelvy (ubrogepant) in the treatment of migraine. We also welcome the opportunity to hear from you in these social channels, but remember we work in a highly-regulated industry with unique legal considerations. Initial filing by director officer or owner of more than ten percent. AbbVie Reports Full-Year and Fourth-Quarter 2021 Financial Results. Reports Second-Quarter Diluted EPS of $0.51 on a GAAP Basis, an Increase of 21.4 Percent . AbbVie Reports Second-Quarter 2022 Financial Results ABBV | July 29, 2022 Reports Second-Quarter Diluted EPS of $0.51 on a GAAP Basis, an Increase of 21.4 Percent; Adjusted Diluted EPS of $3.37, an Increase of 11.2 Percent; These Results Include an Unfavorable Impact of $0.14 Per Share related to Acquired IPR&D and Milestones Expense 1 Abbvie Inc. (ABBV) SEC Filing 10-Q Quarterly Report for the period ending Friday, September 30, 2022 . The adjusted SG&A expense was 20.8 percent of net revenues. a Represents net earnings attributable to AbbVie Inc. Acquisition and integration costs include costs related to the Allergan acquisition. Adjusted diluted EPS, excluding specified items, was $3.66. The company believes this presentation assists users of the financial statements to better understand the total upfront and subsequent development milestone payments incurred to acquire in-process research and development projects. Highlights included final analyses from the U-ACHIEVE Phase 3 maintenance study of Rinvoq in moderately to severely active ulcerative colitis (UC), data from the U-EXCEL Phase 3 study evaluating the efficacy and safety of Rinvoq as induction therapy for use in adults with moderately to severely active CD as well as data evaluating Skyrizi for use in patients with moderate to severe CD. In the last 3 months, 7 analysts have offered 12-month price targets for AbbVie. An archived edition of the call will be available after 11:00 a.m. Central time. You should be able to track the changes in Abbvie individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators. On a GAAP basis, selling, general and administrative (SG&A) expense was 22.3 percent of net revenues. The company's 2017 adjusted diluted EPS guidance excludes $0.89 per share of intangible asset amortization expense and other specified items. The adjusted tax rate was 12.9 percent. The information in the press releases on these pages was factually accurate on the date of publication. Beginning in the first quarter of 2022, the company includes acquired IPR&D and milestones expense in its reported non-GAAP financial measures. AbbVie ABBV's annual dividend yield comes in at a steep 3.9%, paired with an impressive 14% five-year annualized dividend growth rate. Venetoclax is being developed by AbbVie and Roche and is jointly commercialized by AbbVie and Genentech, a member of the Roche Group, in the U.S. and by AbbVie outside of the U.S. Epcoritamab is being co-developed by AbbVie and Genmab. The words "believe," "expect," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements. If the CHMP recommendation is accepted by the European Commission (EC), this would mark the third indication for Skyrizi in the European Union. | August 17, 2022 AbbVie Reports First-Quarter 2022 Financial Results Unless otherwise specified, all product names appearing in this internet site are trademarks owned by or licensed to AbbVie Inc., its subsidiaries or affiliates. Prior periods have been revised to conform to the current period presentation. On a GAAP basis, the operating margin in the third quarter was 31.1 percent. Allergan Aesthetics announced that the FDA approved Juvederm Volux XC for the improvement of jawline definition in adults over the age of 21 with moderate to severe loss of jawline definition. AbbVie announced the U.S. Food and Drug Administration (FDA) approved Rinvoq (upadacitinib, 15 mg, once daily) for the treatment of adults with active non-radiographic axial spondyloarthritis (nr-axSpA) with objective signs of inflammation who have had an inadequate response or intolerance to tumor necrosis factor (TNF) blocker therapy. - Reports Full-Year Diluted EPS of $6.45 on a GAAP Basis, an Increase of 137.1 Percent; Adjusted Diluted EPS of $12.70, an Increase of 20.3 Percent. On a GAAP basis, the gross margin ratio in the second quarter was 71.4 percent. Non-GAAP results adjust for certain non-cash items and for factors that are unusual or unpredictable, and exclude those costs, expenses, and other specified items presented in the reconciliation tables later in this release. AbbVie announced the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) recommended the approval of Skyrizi (risankizumab) for the treatment of adults with moderately to severely active Crohn's disease (CD) who have had inadequate response, lost response or were intolerant to conventional or biologic therapy. AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. AbbVie assumes no duty to update the information to reflect subsequent developments. AbbVie (ABBV 0.82%) Q3 2022 Earnings Call Oct 28, 2022, 9:00 a.m. AbbVie will host an investor conference call today at 8:00 a.m. Central time to discuss our third-quarter performance. AbbVie Inc. Consolidated Statements of Earnings (Unaudited) (in millions, except per share data) Third Quarter . View our social media channel guidelines , AbbVie.com Energy. AbbVie is announcing today that its board of directors declared an increase in the company's quarterly cash dividend from $1.41 per share to $1.48 per share beginning with the dividend payable on February 15, 2023 to shareholders of record as of January 13, 2023. ET. "We continue to see strong momentum from our key immunology assets, Skyrizi and Rinvoq, and this performance combined with strength from other growth drivers within our diverse portfolio has mitigated the impact of temporary economic headwinds on our aesthetics products to deliver another quarter of strong results," said Richard A. Gonzalez, chairman and chief executive officer, AbbVie. Interest Rates. Other primarily includes restructuring charges associated with streamlining global operations. On a GAAP basis, the tax rate in the quarter was 10.2 percent. 1. | AbbVie is confirming the midpoint of its full-year 2022 adjusted diluted EPS guidance range and narrowing the range from $13.76 - $13.96 to $13.84 - $13.88 , which includes an unfavorable. Global net revenues from the immunology portfolio were, Global net revenues from the hematologic oncology portfolio were, Global net revenues from the neuroscience portfolio were, Global Botox Therapeutic net revenues were, Global net revenues from the aesthetics portfolio were. The call will be webcast through AbbVie's Investor Relations website at investors.abbvie.com. 2022 . AbbVie announced positive top-line results from the Phase 3 maintenance study, U-ENDURE, evaluating Rinvoq in adult patients with moderate to severe CD. The adjusted SG&A expense was 20.9 percent of net revenues. The impact of the specified items by line item was as follows: 3. Imbruvica is jointly developed and commercialized with Janssen Biotech, Inc. At the International Parkinson and Movement Disorder Society's (MDS) International Congress, AbbVie presented 13 abstracts across multiple disease states that highlighted AbbVie's continued commitment to advancing the management of movement disorders. On a GAAP basis, selling, general and administrative (SG&A) expense was 22.3 percent of net revenues. Links which take you out of the AbbVie worldwide websites are not under the control of AbbVie, and AbbVie is not responsible for the contents of any such site or any further links from such site. Beginning in the first quarter of 2022, the company includes the impact of upfront and milestone payments related to collaborations, licensing agreements, and other asset acquisitions in its reported non-GAAP financial measures. when does colin find out penelope is lady whistledown; foreach replace stata; honda generator oil capacity. At the European Academy of Dermatology and Venereology (EADV) Congress, AbbVie presented 23 abstracts from across its dermatology portfolio that underscore AbbVie's commitment to advancing research in dermatology for people living with immune-mediated skin diseases such as psoriasis (PsO), psoriatic arthritis (PsA), atopic dermatitis (AD) and vitiligo. This alliance accelerates iSTAR Medical's goal to bring MINIject to more patients globally and provides an opportunity for AbbVie to further expand its diverse eye care portfolio. Reported results were prepared in accordance with GAAP and include all revenue and expenses recognized during the period. Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Financial results for 2022 and 2021 are presented on both a reported and a non-GAAP basis. During the three months ended March 31, 2022, AbbVie changed its classification of development milestone expense associated with licensing and collaboration arrangements in the consolidated statement of earnings. Other primarily includes restructuring charges associated with streamlining global operations and COVID-19 related expenses. AbbVie Reports First-Quarter 2022 Financial Results ABBV | April 29, 2022 Reports First-Quarter Diluted EPS of $2.51 on a GAAP Basis, an Increase of 26.1 Percent; Adjusted Diluted EPS of $3.16, an Increase of 9.3 Percent; These Results Include an Unfavorable Impact of $0.08 Per Share related to Acquired IPR&D and Milestones Expense 1 An archived edition of the call will be available after 11:00 a.m. Central time. place in Bermuda. Prior periods have been revised to conform to the current period presentation. The adjusted tax rate for the first nine months of 2022 was 12.8 percent, as detailed below: a Represents net earnings attributable to AbbVie Inc. Acquisition and integration costs reflect integration costs as well as amortization of the acquisition date fair value step-up for inventory related to the Allergan acquisition. The approval is supported by three pivotal Phase 3 studies in which Skyrizi demonstrated significant improvements in clinical remission and endoscopic response, compared to placebo, as both induction and maintenance therapy. At the European Alliance of Associations for Rheumatology (EULAR) 2022 Congress, AbbVie showcased its leadership in rheumatology research with new data across multiple inflammatory joint diseases. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Prior periods have been revised to conform to the current period presentation. "We continue to see strong momentum from our key immunology assets, Skyrizi and Rinvoq, and this performance combined with strength from other growth drivers within our diverse portfolio has mitigated the impact of temporary economic headwinds on our aesthetics products to deliver another quarter of strong results," said Richard A. Gonzalez, chairman and chief executive officer, AbbVie. Net earnings attributable to noncontrolling interest. AbbVie is a member of the S&P Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology and gastroenterology, in addition to products and services across our Allergan Aesthetics portfolio. AbbVie is confirming its adjusted diluted EPS guidance range for the full-year 2022 of $13.78 - $13.98 which includes an unfavorable impact of $0.23 per share related to acquired IPR&D and . Acquired IPR&D and milestones expense was 0.3 percent of net revenues. Beginning in the first quarter of 2022, the company includes acquired IPR&D and milestones expense in its reported non-GAAP financial measures. NORTH CHICAGO, Ill., Oct. 28, 2022 /PRNewswire/ -- AbbVie (NYSE:ABBV) announced financial results for the third quarter ended September 30, 2022. 2021 . Income Statement; Balance Sheet; Cash Flow Statement; Key Financial Ratios View Annual Reports . Importantly, Skyrizi and Rinvoq continued their impressive ramps and are on pace to deliver approximately $7.5 billion in combined annual sales, underscoring their significant potential," said Richard A. Gonzalez, chairman and chief executive officer, AbbVie. Other primarily includes restructuring charges associated with streamlining global operations. Non-GAAP results adjust for certain non-cash items and for factors that are unusual or unpredictable, and exclude those costs, expenses, and other specified items presented in the reconciliation tables later in this release. Follow @abbvie on Twitter, Facebookor LinkedIn. If the CHMP recommendation is accepted by the European Commission (EC), this would mark the third indication for Skyrizi in the European Union. Litigation matters primarily include a charge related to a potential settlement of litigation involving Allergan's past sales of opioid products. AbbVie's management believes non-GAAP financial measures provide useful information to investors regarding AbbVie's results of operations and assist management, analysts, and investors in evaluating the performance of the business. Other primarily includes restructuring charges associated with streamlining global operations. Reports Second-Quarter Diluted EPS of $0.51 on a GAAP Basis, an Increase of 21.4 Percent; Adjusted Diluted EPS of $3.37, an Increase of 11.2 Percent; These Results Include an Unfavorable Impact of $0.14 Per Share related to Acquired IPR&D and Milestones Expense 1. + Understand and utilize resources to increase adoption . November 07, 2022 at 12:22 PM EST. Data on File. Other primarily includes restructuring charges associated with streamlining global operations. AbbVie announced the EC approved Rinvoq (15 mg, once daily) for the treatment of adult patients with active non-radiographic axial spondyloarthritis (nr-Axial SpA). At the American Headache Society (AHS) Annual Scientific Meeting, AbbVie presented 29 abstracts that covered a wide range of studies across AbbVie's migraine portfolio. Site map The acquisition includes DJS' lead program DJS-002, a potential first-in-class LPAR1 antagonist antibody in preclinical studies for the treatment of Idiopathic Pulmonary Fibrosis (IPF) and other fibrotic diseases as well as the company's proprietary HEPTAD platform. Note: "Operational" comparisons are presented at constant currency rates that reflect comparative local currency net revenues at the prior year's foreign exchange rates. AbbVie announced the acquisition of DJS Antibodies (DJS), a biotechnology company dedicated to discovering and developing antibody medicines that target difficult-to-drug disease-causing proteins. Such risks and uncertainties include, but are not limited to, the failure to realize the expected benefits of AbbVie's acquisition of Allergan or to promptly and effectively integrate Allergan's business, challenges to intellectual property, competition from other products, difficulties inherent in the research and development process, adverse litigation or government action, and changes to laws and regulations applicable to our industry. AbbVie is confirming the midpoint of its full-year 2022 adjusted diluted EPS guidance range and narrowing the range from$13.76 - $13.96 to $13.84 - $13.88, which includes an unfavorable impact of $0.25 per share related to acquired IPR&D and milestones expense incurred year-to-date through the third quarter 2022. AbbVie Reports Second-Quarter 2022 Financial Results. AbbVie is confirming the midpoint of its full-year 2022 adjusted diluted EPS guidance range and narrowing the range from $13.76 - $13.96 to $13.84 - $13.88, which includes an unfavorable impact of $0.25 per share related to acquired IPR&D and milestones expense incurred year-to-date through the third quarter 2022. 2022 . The company was incorporated in 2012 and is headquartered in North Chicago, Illinois. The impact of the specified items by line item was as follows: 3. Reflects profit sharing for Imbruvica international revenues. Reports Second-Quarter Diluted EPS of $0.51 on a GAAP Basis, an Increase of 21.4 Percent; Adjusted Diluted EPS of $3.37, an Increase of 11.2 Percent; These Results Include an Unfavorable Impact of $0.14 Per Share related to Acquired IPR&D and Milestones Expense 1; Delivers Second-Quarter Net Revenues of $14.583 Billion, an Increase of 4.5 Percent on a Reported Basis . Research and development expense was 11.0 percent of net revenues on both a GAAP and Non-GAAP adjusted basis. Today, our passionate AbbVie team has approximately ~50,000 employees working together to help patients . Since the company's inception in 2013, AbbVie has increased its quarterly dividend by 270 percent. Unless otherwise specified, all product names appearing in this Internet site are trademarks owned by or licensed to AbbVie Inc., its subsidiaries or affiliates. Specified items impacted results as follows: Change in fair value of contingent consideration. 2. The adjusted tax rate for the first six months of 2021 was 12.7 percent, as detailed below: Subscribe for email alerts Litigation matters primarily includes a charge related to a potential settlement of litigation involving Allergan's past sales of opioid products. Terms of use Litigation matters primarily include a charge related to a potential settlement of litigation involving Allergan's past sales of opioid products. AbbVie Reports First-Quarter 2022 Financial Results Reports First-Quarter Diluted EPS of $2.51 on a GAAP Basis, an Increase of 26.1 Percent; Adjusted Diluted EPS of $3.16 , an Increase of 9.3 Percent; These Results Include an Unfavorable Impact of $0.08 Per Share related to Acquired IPR&D and Milestones Expense 1 Delivers First-Quarter Net Revenues Reports Third-Quarter Diluted EPS of $2.21 on a GAAP Basis, an Increase of 24.2 Percent; Adjusted Diluted EPS of $3.66, an Increase of 29.3 Percent; These Results Include an Unfavorable Impact of $0.02 Per Share related to Acquired IPR&D and Milestones Expense 1. About AbbVie Copyright 2022 AbbVie Inc. North Chicago, Illinois, U.S.A. Before engaging, please read and adhere to our established community guidelines for each channel. Privacy policy 2. - Delivers Full-Year Net Revenues of $56.197 Billion on a GAAP Basis, an Increase of 22.7 Percent; Adjusted Net Revenues Were $56.122 Billion. AbbVie announced that the FDA approved the use of Imbruvica (ibrutinib) for the treatment of pediatric patients one year and older with chronic graft versus host disease (cGVHD) after failure of one or more lines of systemic therapy. 3. Beginning in the first quarter of 2022, the company includes acquired IPR&D and milestones expense in its reported non-GAAP financial measures. Full results from the study will be presented at upcoming medical conferences and published in a peer-reviewed journal. AbbVie is providing these links to you only as a convenience and the inclusion of any link does not imply endorsement of the linked site by AbbVie. NORTH CHICAGO - AbbVie (NYSE: ABBV) announced financial results for the third quarter ended September 30, 2022. The approval marks the first approved treatment option for children with cGVHD under 12 years of age and the only Bruton's tyrosine kinase inhibitor (BTKi) treatment for a pediatric patient population. Prior periods have been revised to conform to the current period presentation. AbbVie is a member of the S&P Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years. Readers should not rely upon the information in these pages as current or accurate after their publication dates. The company's 2022 adjusted diluted EPS guidance excludes any impact from acquired IPR&D and milestones that may be incurred beyond the second quarter of 2022, as both cannot be reliably forecasted. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology and gastroenterology, in addition to products and services across our Allergan Aesthetics portfolio. The adjusted gross margin ratio was 85.4 percent. The acquisition includes DJS' lead program DJS-002, a potential first-in-class LPAR1 antagonist antibody in preclinical studies for the treatment of Idiopathic Pulmonary Fibrosis (IPF) and other fibrotic diseases as well as the company's proprietary HEPTAD platform. Prior periods have been revised to conform to the current period presentation. Key presentations focused on the treatment of moderate to severe CD, including late-breaking Phase 3 data from the Rinvoq 52 week maintenance trial, as well as efficacy and safety outcomes from the Skyrizi pivotal clinical program. ABBV Annual Reports. Ended September 30 . Non-GAAP Financial Measures. Reconciliation of GAAP Reported to Non-GAAP Adjusted Information. Copyright 2022 AbbVie Inc. North Chicago, Illinois, U.S.A, EX-101.SCH - XBRL TAXONOMY EXTENSION SCHEMA. On a GAAP basis, selling, general and administrative (SG&A) expense was 22.3 percent of net revenues. Global net revenues from the hematologic oncology portfolio were $1.650 billion, a decrease of 11.7 percent on a reported basis, or 9.9 percent on an operational basis. Quarter and Six Months Ended June 30, 2022 and 2021, (Unaudited) (In millions, except per share data), Net earnings attributable to noncontrolling interest. AbbVie Reports First-Quarter 2022 Financial Results Reports First-Quarter Diluted EPS of $2.51 on a GAAP Basis, an Increase of 26.1 Percent; Adjusted Diluted EPS of $3.16,. On a GAAP basis, the operating margin in the second quarter was 22.6 percent. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie's operations is set forth in Item 1A, "Risk Factors," of AbbVie's 2021 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its Quarterly Reports on Form 10-Q and in other documents that AbbVie subsequently files with the Securities and Exchange Commission that update, supplement or supersede such information. Sign up Before engaging, please read and adhere to our established community guidelines for each channel. Reconciliation of GAAP Reported to Non-GAAP Adjusted Information. AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. Reported GAAP earnings and adjusted non-GAAP earnings for the nine months ended September 30, 2021 included acquiredIPR&D and milestones expense of $719 million on a pre-tax and $696 million on an after-tax basis, as well as other operating expense related to the Calico collaboration of $500 million on a pre-tax and after-tax basis, representing an unfavorable impact of $0.67 to both diluted EPS and adjusted diluted EPS.

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