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EX-99.1 - EX-99.1 - Merck & Co., Inc.a17-18477_1ex99d1.htm
8-K - 8-K - Merck & Co., Inc.a17-18477_18k.htm

Exhibit 99.2

 

MERCK & CO., INC.

CONSOLIDATED STATEMENT OF INCOME - GAAP

(AMOUNTS IN MILLIONS, EXCEPT PER SHARE FIGURES)

(UNAUDITED)

Table 1a

 

 

 

2017

 

2016

 

% Change

 

 

 

1Q

 

2Q

 

June YTD

 

1Q

 

2Q

 

June YTD

 

3Q

 

4Q

 

Full Year

 

2Q

 

June YTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

$

9,434

 

$

9,930

 

$

19,365

 

$

9,312

 

$

9,844

 

$

19,156

 

$

10,536

 

$

10,115

 

$

39,807

 

1

%

1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs, Expenses and Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Materials and production

 

3,015

 

3,080

 

6,095

 

3,572

 

3,578

 

7,150

 

3,409

 

3,332

 

13,891

 

-14

%

-15

%

Marketing and administrative

 

2,411

 

2,438

 

4,849

 

2,318

 

2,458

 

4,776

 

2,393

 

2,593

 

9,762

 

-1

%

2

%

Research and development

 

1,796

 

1,749

 

3,545

 

1,659

 

2,151

 

3,810

 

1,664

 

4,650

 

10,124

 

-19

%

-7

%

Restructuring costs

 

151

 

166

 

317

 

91

 

134

 

225

 

161

 

265

 

651

 

24

%

41

%

Other (income) expense, net

 

58

 

58

 

117

 

48

 

19

 

67

 

22

 

631

 

720

 

*

 

75

%

Income (Loss) Before Taxes

 

2,003

 

2,439

 

4,442

 

1,624

 

1,504

 

3,128

 

2,887

 

(1,356

)

4,659

 

62

%

42

%

Income Tax Provision (Benefit)

 

447

 

488

 

935

 

494

 

295

 

789

 

699

 

(769

)

718

 

 

 

 

 

Net Income (Loss)

 

1,556

 

1,951

 

3,507

 

1,130

 

1,209

 

2,339

 

2,188

 

(587

)

3,941

 

61

%

50

%

Less: Net Income Attributable to Noncontrolling Interests

 

5

 

5

 

11

 

5

 

4

 

9

 

4

 

7

 

21

 

 

 

 

 

Net Income (Loss) Attributable to Merck & Co., Inc.

 

$

1,551

 

$

1,946

 

$

3,496

 

$

1,125

 

$

1,205

 

$

2,330

 

$

2,184

 

$

(594

)

$

3,920

 

61

%

50

%

Earnings (Loss) per Common Share Assuming Dilution (1)

 

$

0.56

 

$

0.71

 

$

1.27

 

$

0.40

 

$

0.43

 

$

0.83

 

$

0.78

 

$

(0.22

)

$

1.41

 

65

%

53

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Shares Outstanding Assuming Dilution (1)

 

2,766

 

2,752

 

2,759

 

2,795

 

2,789

 

2,792

 

2,786

 

2,755

 

2,787

 

 

 

 

 

Tax Rate

 

22.3

%

20.0

%

21.0

%

30.4

%

19.6

%

25.2

%

24.2

%

56.7

%

15.4

%

 

 

 

 

 

* 100% or greater

 

Sum of quarterly amounts may not equal year-to-date amounts due to rounding.

 

(1) Because the company recorded a net loss in the fourth quarter of 2016, no potential dilutive common shares were used in the computation of loss per common share assuming dilution as the effect would have been anti-dilutive.

 



 

MERCK & CO., INC.

GAAP TO NON-GAAP RECONCILIATION

SECOND QUARTER 2016

(AMOUNTS IN MILLIONS, EXCEPT PER SHARE FIGURES)

(UNAUDITED)

Table 2c

 

 

 

 

 

Acquisition and

 

 

 

 

 

 

 

 

 

 

 

Divestiture-

 

Restructuring

 

Adjustment

 

 

 

 

 

GAAP

 

Related Costs (1)

 

Costs (2)

 

Subtotal

 

Non-GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

Materials and production

 

$

3,578

 

1,120

 

66

 

1,186

 

$

2,392

 

Marketing and administrative

 

2,458

 

18

 

87

 

105

 

2,353

 

Research and development

 

2,151

 

207

 

64

 

271

 

1,880

 

Restructuring costs

 

134

 

 

 

134

 

134

 

 

Income Before Taxes

 

1,504

 

(1,345

)

(351

)

(1,696

)

3,200

 

Income Tax Provision (Benefit)

 

295

 

(235

)(3)

(79

)(3)

(314

)

609

 

Net Income

 

1,209

 

(1,110

)

(272

)

(1,382

)

2,591

 

Net Income Attributable to Merck & Co., Inc.

 

1,205

 

(1,110

)

(272

)

(1,382

)

2,587

 

Earnings per Common Share Assuming Dilution

 

$

0.43

 

(0.40

)

(0.10

)

(0.50

)

$

0.93

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Rate

 

19.6

%

 

 

 

 

 

 

19.0

%

 

Only the line items that are affected by non-GAAP adjustments are shown.

 

Merck is providing certain non-GAAP information that excludes certain items because of the nature of these items and the impact they have on the analysis of underlying business performance and trends. Management believes that providing this information enhances investors’ understanding of the company’s results as it permits investors to understand how management assesses performance. Management uses these measures internally for planning and forecasting purposes and to measure the performance of the company along with other metrics. Senior management’s annual compensation is derived in part using non-GAAP income and non-GAAP EPS. This information should be considered in addition to, but not as a substitute for or superior to, information prepared in accordance with GAAP.

 

(1) Amounts included in materials and production costs reflect $1.0 billion of expenses for the amortization of intangible assets recognized as a result of acquisitions, as well as $95 million of intangible asset impairment charges.   Amounts included in marketing and administrative expenses reflect integration, transaction and certain other costs related to business acquisitions and divestitures. Amounts included in research and development expenses primarily reflect in-process research and development (IPR&D) impairment charges.

 

(2) Amounts primarily include employee separation costs and accelerated depreciation associated with facilities to be closed or divested related to activities under the company’s formal restructuring programs.

 

(3) Represents the estimated tax impact on the reconciling items based on applying the statutory rate of the originating territory of the non-GAAP adjustments.

 



 

MERCK & CO., INC.

GAAP TO NON-GAAP RECONCILIATION

SIX MONTHS ENDED JUNE 30, 2016

(AMOUNTS IN MILLIONS, EXCEPT PER SHARE FIGURES)

(UNAUDITED)

 

Table 2d

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition and

 

 

 

 

 

 

 

 

 

 

 

Divestiture-

 

Restructuring

 

Adjustment

 

 

 

 

 

GAAP

 

Related Costs (1)

 

Costs (2)

 

Subtotal

 

Non-GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

Materials and production

 

$

7,150

 

2,506

 

113

 

2,619

 

$

4,531

 

Marketing and administrative

 

4,776

 

20

 

90

 

110

 

4,666

 

Research and development

 

3,810

 

242

 

119

 

361

 

3,449

 

Restructuring costs

 

225

 

 

 

225

 

225

 

 

Income Before Taxes

 

3,128

 

(2,768

)

(547

)

(3,315

)

6,443

 

Income Tax Provision (Benefit)

 

789

 

(444

)(3)

(122

)(3)

(566

)

1,355

 

Net Income

 

2,339

 

(2,324

)

(425

)

(2,749

)

5,088

 

Net Income Attributable to Merck & Co., Inc.

 

2,330

 

(2,324

)

(425

)

(2,749

)

5,079

 

Earnings per Common Share Assuming Dilution

 

$

0.83

 

(0.84

)

(0.15

)

(0.99

)

$

1.82

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Rate

 

25.2

%

 

 

 

 

 

 

21.0

%

 

Only the line items that are affected by non-GAAP adjustments are shown.

 

Merck is providing certain non-GAAP information that excludes certain items because of the nature of these items and the impact they have on the analysis of underlying business performance and trends. Management believes that providing this information enhances investors’ understanding of the company’s results as it permits investors to understand how management assesses performance. Management uses these measures internally for planning and forecasting purposes and to measure the performance of the company along with other metrics. Senior management’s annual compensation is derived in part using non-GAAP income and non-GAAP EPS. This information should be considered in addition to, but not as a substitute for or superior to, information prepared in accordance with GAAP.

 

(1) Amounts included in materials and production costs reflect $2.1 billion of expenses for the amortization of intangible assets recognized as a result of acquisitions, as well as $347 million of intangible asset impairment charges.  Amounts included in marketing and administrative expenses reflect integration, transaction and certain other costs related to business acquisitions and divestitures. Amounts included in research and development expenses primarily reflect in-process research and development (IPR&D) impairment charges.

 

(2) Amounts primarily include employee separation costs and accelerated depreciation associated with facilities to be closed or divested related to activities under the company’s formal restructuring programs.

 

(3) Represents the estimated tax impact on the reconciling items based on applying the statutory rate of the originating territory of the non-GAAP adjustments.

 



 

MERCK & CO., INC.

FRANCHISE / KEY PRODUCT SALES

SECOND QUARTER 2017

(AMOUNTS IN MILLIONS)

Table 3a

 

 

 

Global

 

U.S.

 

International

 

 

 

2Q 2017

 

2Q 2016

 

% Change

 

2Q 2017

 

2Q 2016

 

% Change

 

2Q 2017

 

2Q 2016

 

% Change

 

TOTAL SALES (1)

 

$

9,930

 

$

9,844

 

1

 

$

4,308

 

$

4,507

 

-4

 

$

5,623

 

$

5,337

 

5

 

PHARMACEUTICAL

 

8,759

 

8,700

 

1

 

3,929

 

4,169

 

-6

 

4,830

 

4,531

 

7

 

Primary Care and Women’s Health

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cardiovascular

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zetia

 

367

 

702

 

-48

 

122

 

457

 

-73

 

246

 

245

 

 

 

Vytorin

 

182

 

293

 

-38

 

30

 

123

 

-76

 

152

 

170

 

-11

 

Liptruzet

 

63

 

33

 

88

 

 

 

 

 

 

 

63

 

34

 

87

 

Adempas

 

67

 

40

 

68

 

 

 

 

 

 

 

67

 

40

 

68

 

Diabetes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Januvia

 

948

 

1,064

 

-11

 

541

 

631

 

-14

 

407

 

433

 

-6

 

Janumet

 

563

 

569

 

-1

 

248

 

258

 

-4

 

315

 

312

 

1

 

General Medicine & Women’s Health

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NuvaRing

 

199

 

200

 

 

 

153

 

149

 

2

 

47

 

51

 

-8

 

Implanon / Nexplanon

 

178

 

164

 

9

 

125

 

112

 

12

 

53

 

52

 

1

 

Follistim AQ

 

79

 

73

 

9

 

32

 

20

 

65

 

47

 

53

 

-12

 

Hospital and Specialty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hepatitis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zepatier

 

517

 

112

 

*

 

256

 

107

 

138

 

261

 

4

 

*

 

HIV

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Isentress/Isentress HD

 

282

 

338

 

-17

 

136

 

169

 

-20

 

146

 

169

 

-14

 

Hospital Acute Care

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bridion

 

163

 

113

 

44

 

54

 

13

 

*

 

109

 

100

 

9

 

Noxafil

 

155

 

143

 

8

 

77

 

67

 

15

 

78

 

76

 

2

 

Invanz

 

150

 

143

 

5

 

93

 

81

 

14

 

57

 

61

 

-7

 

Cancidas

 

112

 

131

 

-14

 

6

 

6

 

6

 

106

 

125

 

-15

 

Cubicin

 

103

 

357

 

-71

 

53

 

304

 

-83

 

50

 

53

 

-5

 

Primaxin

 

71

 

81

 

-13

 

1

 

2

 

-12

 

70

 

79

 

-13

 

Immunology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remicade

 

208

 

339

 

-39

 

 

 

 

 

 

 

208

 

339

 

-39

 

Simponi

 

199

 

199

 

 

 

 

 

 

 

 

 

199

 

199

 

 

 

Oncology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Keytruda

 

881

 

314

 

180

 

556

 

160

 

*

 

325

 

154

 

111

 

Emend

 

143

 

143

 

 

 

83

 

93

 

-10

 

60

 

50

 

20

 

Temodar

 

65

 

73

 

-12

 

3

 

1

 

*

 

61

 

72

 

-15

 

Diversified Brands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Respiratory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Singulair

 

203

 

229

 

-11

 

6

 

7

 

-11

 

197

 

222

 

-11

 

Nasonex

 

85

 

101

 

-16

 

21

 

29

 

-27

 

64

 

72

 

-11

 

Dulera

 

69

 

121

 

-43

 

63

 

115

 

-45

 

5

 

6

 

-17

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cozaar / Hyzaar

 

119

 

132

 

-10

 

3

 

4

 

-26

 

116

 

128

 

-9

 

Arcoxia

 

89

 

117

 

-24

 

 

 

 

 

 

 

89

 

117

 

-24

 

Fosamax

 

66

 

73

 

-10

 

2

 

 

 

*

 

65

 

73

 

-12

 

Vaccines (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gardasil / Gardasil 9

 

469

 

393

 

19

 

312

 

315

 

-1

 

156

 

78

 

101

 

ProQuad / M-M-R II / Varivax

 

399

 

383

 

4

 

341

 

324

 

5

 

58

 

58

 

 

 

Pneumovax 23

 

166

 

120

 

38

 

104

 

78

 

34

 

61

 

43

 

44

 

Zostavax

 

160

 

149

 

7

 

107

 

116

 

-8

 

52

 

33

 

59

 

RotaTeq

 

123

 

130

 

-5

 

72

 

85

 

-15

 

51

 

45

 

12

 

Other Pharmaceutical (3)

 

1,116

 

1,128

 

-1

 

329

 

343

 

-4

 

789

 

785

 

1

 

ANIMAL HEALTH

 

955

 

900

 

6

 

270

 

256

 

5

 

685

 

644

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Revenues (4)

 

216

 

244

 

-11

 

109

 

82

 

34

 

106

 

162

 

-34

 

 

* 200% or greater

 

(1) Only select products are shown.

 

(2) Vaccine sales in 2017 include sales in the European markets that were previously part of the Sanofi Pasteur MSD (SPMSD) joint venture that was terminated on December 31, 2016. Amounts for 2016 reflect supply sales to SPMSD.

 

(3) Includes Pharmaceutical products not individually shown above. Other Vaccines sales included in Other Pharmaceutical were $87 million and $91 million on a global basis for second quarter 2017 and 2016, respectively.

 

(4) Other Revenues are comprised primarily of alliance revenue, third-party manufacturing sales and miscellaneous corporate revenues, including revenue hedging activities.

 



 

MERCK & CO., INC.

FRANCHISE / KEY PRODUCT SALES

JUNE YEAR-TO-DATE 2017

(AMOUNTS IN MILLIONS)

Table 3b

 

 

 

Global

 

U.S.

 

International

 

 

 

June YTD

 

June YTD

 

 

 

June YTD

 

June YTD

 

 

 

June YTD

 

June YTD

 

 

 

 

 

2017

 

2016

 

% Change

 

2017

 

2016

 

% Change

 

2017

 

2016

 

% Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL SALES (1)

 

$

19,365

 

$

19,156

 

1

 

$

8,503

 

$

8,728

 

-3

 

$

10,862

 

$

10,427

 

4

 

PHARMACEUTICAL

 

16,944

 

16,804

 

1

 

7,690

 

8,082

 

-5

 

9,255

 

8,722

 

6

 

Primary Care and Women’s Health

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cardiovascular

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zetia

 

701

 

1,314

 

-47

 

233

 

843

 

-72

 

468

 

471

 

-1

 

Vytorin

 

423

 

570

 

-26

 

120

 

232

 

-48

 

303

 

337

 

-10

 

Liptruzet

 

112

 

56

 

99

 

 

 

 

 

 

 

112

 

57

 

98

 

Adempas

 

151

 

72

 

109

 

 

 

 

 

 

 

151

 

72

 

109

 

Diabetes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Januvia

 

1,787

 

1,970

 

-9

 

1,048

 

1,180

 

-11

 

740

 

790

 

-6

 

Janumet

 

1,059

 

1,075

 

-2

 

442

 

483

 

-8

 

617

 

592

 

4

 

General Medicine & Women’s Health

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NuvaRing

 

359

 

376

 

-4

 

265

 

277

 

-4

 

94

 

99

 

-5

 

Implanon / Nexplanon

 

349

 

298

 

17

 

257

 

211

 

22

 

92

 

87

 

6

 

Follistim AQ

 

160

 

167

 

-4

 

74

 

73

 

2

 

86

 

94

 

-9

 

Hospital and Specialty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hepatitis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zepatier

 

895

 

161

 

*

 

455

 

156

 

191

 

440

 

5

 

*

 

HIV

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Isentress/Isentress HD

 

587

 

678

 

-13

 

279

 

331

 

-16

 

308

 

347

 

-11

 

Hospital Acute Care

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bridion

 

310

 

204

 

52

 

99

 

18

 

*

 

211

 

186

 

13

 

Noxafil

 

296

 

288

 

3

 

142

 

137

 

3

 

154

 

150

 

3

 

Invanz

 

286

 

257

 

11

 

175

 

147

 

19

 

111

 

110

 

1

 

Cancidas

 

233

 

263

 

-12

 

11

 

10

 

12

 

222

 

254

 

-12

 

Cubicin

 

198

 

649

 

-69

 

107

 

559

 

-81

 

92

 

89

 

2

 

Primaxin

 

133

 

154

 

-14

 

2

 

2

 

-27

 

132

 

152

 

-13

 

Immunology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remicade

 

437

 

688

 

-37

 

 

 

 

 

 

 

437

 

688

 

-37

 

Simponi

 

383

 

387

 

-1

 

 

 

 

 

 

 

383

 

387

 

-1

 

Oncology

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Keytruda

 

1,465

 

563

 

160

 

917

 

293

 

*

 

547

 

270

 

102

 

Emend

 

276

 

268

 

3

 

169

 

175

 

-3

 

107

 

94

 

14

 

Temodar

 

130

 

139

 

-6

 

4

 

5

 

-16

 

126

 

134

 

-6

 

Diversified Brands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Respiratory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Singulair

 

389

 

465

 

-16

 

12

 

24

 

-50

 

377

 

442

 

-15

 

Nasonex

 

224

 

331

 

-32

 

39

 

141

 

-72

 

185

 

190

 

-3

 

Dulera

 

151

 

234

 

-35

 

139

 

222

 

-37

 

12

 

12

 

1

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cozaar / Hyzaar

 

231

 

258

 

-10

 

6

 

9

 

-39

 

226

 

248

 

-9

 

Arcoxia

 

192

 

228

 

-16

 

 

 

 

 

 

 

192

 

228

 

-16

 

Fosamax

 

127

 

148

 

-14

 

3

 

1

 

152

 

124

 

147

 

-16

 

Vaccines (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gardasil / Gardasil 9

 

1,001

 

770

 

30

 

711

 

635

 

12

 

290

 

136

 

114

 

ProQuad / M-M-R II / Varivax

 

754

 

739

 

2

 

639

 

634

 

1

 

115

 

105

 

10

 

RotaTeq

 

347

 

318

 

9

 

250

 

233

 

7

 

96

 

85

 

14

 

Pneumovax 23

 

329

 

228

 

44

 

219

 

145

 

51

 

110

 

83

 

33

 

Zostavax

 

313

 

274

 

14

 

216

 

225

 

-4

 

97

 

49

 

97

 

Other Pharmaceutical (3)

 

2,156

 

2,214

 

-3

 

657

 

681

 

-4

 

1,498

 

1,532

 

-2

 

ANIMAL HEALTH

 

1,894

 

1,729

 

10

 

553

 

489

 

13

 

1,341

 

1,241

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Revenues (4)

 

527

 

623

 

-15

 

260

 

157

 

65

 

266

 

464

 

-43

 

* 200% or greater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Only select products are shown.

 

(2)  Vaccine sales in 2017 include sales in the European markets that were previously part of the Sanofi Pasteur MSD (SPMSD) joint venture that was terminated on December 31, 2016. Amounts for 2016 reflect supply sales to SPMSD.

 

(3) Includes Pharmaceutical products not individually shown above. Other Vaccines sales included in Other Pharmaceutical were $175 million and $195 million on a global basis for June YTD 2017 and 2016, respectively.

 

(4) Other Revenues are comprised primarily of alliance revenue, third-party manufacturing sales and miscellaneous corporate revenues, including revenue hedging activities.

 



 

MERCK & CO., INC.

PHARMACEUTICAL GEOGRAPHIC SALES

(AMOUNTS IN MILLIONS)

(UNAUDITED)

Table 3c

 

 

 

2017

 

2016

 

% Change

 

 

 

1Q

 

2Q

 

June YTD

 

1Q

 

2Q

 

June YTD

 

3Q

 

4Q

 

Full Year

 

2Q

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PHARMACEUTICAL

 

$

8,185

 

$

8,759

 

$

16,944

 

$

8,104

 

$

8,700

 

$

16,804

 

$

9,443

 

$

8,904

 

$

35,151

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

3,761

 

3,929

 

7,690

 

3,913

 

4,169

 

8,082

 

4,710

 

4,282

 

17,073

 

-6

 

% Pharmaceutical Sales

 

45.9

%

44.9

%

45.4

%

48.3

%

47.9

%

48.1

%

49.9

%

48.1

%

48.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Europe (1)

 

1,977

 

2,082

 

4,059

 

1,914

 

1,997

 

3,911

 

1,935

 

1,843

 

7,689

 

4

 

% Pharmaceutical Sales

 

24.2

%

23.8

%

24.0

%

23.6

%

23.0

%

23.3

%

20.5

%

20.7

%

21.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Japan

 

688

 

818

 

1,507

 

620

 

673

 

1,293

 

812

 

659

 

2,764

 

22

 

% Pharmaceutical Sales

 

8.4

%

9.3

%

8.9

%

7.7

%

7.7

%

7.7

%

8.6

%

7.4

%

7.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia Pacific

 

889

 

946

 

1,835

 

806

 

890

 

1,696

 

914

 

912

 

3,522

 

6

 

% Pharmaceutical Sales

 

10.9

%

10.8

%

10.8

%

9.9

%

10.2

%

10.1

%

9.7

%

10.2

%

10.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China

 

328

 

353

 

681

 

337

 

353

 

690

 

350

 

333

 

1,374

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Latin America

 

375

 

462

 

837

 

359

 

430

 

789

 

448

 

538

 

1,776

 

7

 

% Pharmaceutical Sales

 

4.6

%

5.3

%

4.9

%

4.4

%

4.9

%

4.7

%

4.7

%

6.0

%

5.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eastern Europe/Middle East Africa

 

255

 

314

 

569

 

272

 

314

 

586

 

364

 

429

 

1,379

 

0

 

% Pharmaceutical Sales

 

3.1

%

3.6

%

3.4

%

3.4

%

3.6

%

3.5

%

3.9

%

4.8

%

3.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Canada

 

182

 

171

 

353

 

147

 

170

 

318

 

184

 

180

 

682

 

0

 

% Pharmaceutical Sales

 

2.2

%

2.0

%

2.1

%

1.8

%

2.0

%

1.9

%

1.9

%

2.0

%

1.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

58

 

37

 

94

 

73

 

57

 

129

 

76

 

61

 

266

 

-35

 

% Pharmaceutical Sales

 

0.7

%

0.4

%

0.6

%

0.9

%

0.7

%

0.8

%

0.8

%

0.7

%

0.8

%

 

 

 

(1) Europe primarily represents all European Union countries and the European Union accession markets.

 



 

MERCK & CO., INC.

OTHER (INCOME) EXPENSE, NET - GAAP

(AMOUNTS IN MILLIONS)

(UNAUDITED)

Table 4

 

 

OTHER (INCOME) EXPENSE, NET

 

 

 

 

 

 

 

June YTD

 

June YTD

 

 

 

2Q17

 

2Q16

 

2017

 

2016

 

INTEREST INCOME

 

$

(96

)

$

(78

)

$

(194

)

$

(157

)

INTEREST EXPENSE

 

193

 

171

 

375

 

343

 

EXCHANGE LOSSES

 

19

 

37

 

11

 

76

 

EQUITY (INCOME) LOSS FROM AFFILIATES

 

(5

)

(4

)

8

 

(38

)

Other, net

 

(53

)

(107

)

(83

)

(157

)

TOTAL

 

$

58

 

$

19

 

$

117

 

$

67