Eli Lilly and Company paid approximately $1.314 billion in annual income taxes for 2023

 In the last year, Eli Lilly and Company paid approximately $1.314 billion in annual income taxes for 2023, representing a 134.01% increase from the previous year. The effective tax rate on a non-GAAP basis for the fourth quarter of 2023 was 13.1%, compared to 7.3% in 2022. This increase was primarily driven by a lower net discrete tax benefit and changes related to the new Puerto Rico tax regime2. The company’s 2023 financial guidance projected an effective tax rate of approximately 16% for both reported and non-GAAP basis3. Remember that tax rates can vary based on factors such as regulatory changes, tax law, and other developments4. If you have any more questions or need further information, feel free to ask! That is a lower tax rate than a single male paying social security tax.

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1macrotrends.net2investor.lilly.com3investor.lilly.com
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In 2023, Eli Lilly and Company generated over 34 billion U.S. dollars in revenue1. This impressive financial performance reflects the company’s commitment to delivering life-changing medicines and advancing its pipeline of new treatments for serious diseases. As we look ahead to 2024, Lilly’s revenue guidance ranges from $40.4 billion to $41.6 billion, with an estimated EPS (earnings per share) in the range of $11.80 to $12.30 and a non-GAAP EPS in the range of $12.20 to $12.702. If you have any more questions or need further information, feel free to ask!

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