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TheStreet Open House

Merck Announces Third-Quarter 2012 Financial Results

Stocks in this article: MRK

Third-Quarter Expense and Other Information

The costs detailed below totaled $9.2 billion on a GAAP basis during the third quarter of 2012 and include $1.5 billion of acquisition-related costs and restructuring costs.

   
$ in millions Included in expenses for the period
Third Quarter 2012  

GAAP

 

Acquisition- Related Costs 4

 

Restructuring Costs

 

 

Non-GAAP 1

Materials and production

  $4,137   $1,232   $60   $2,845

Marketing andadministrative

  3,063   68   25   2,970

Research anddevelopment

  1,918   40   (32)   1,910
Restructuring costs   110   –-   110  
     
Third Quarter 2011                

Materials and production

  $4,352   $1,284   $99   $2,969

Marketing andadministrative

  3,340   57   31   3,252

Research anddevelopment

  1,954   22   28   1,904
Restructuring costs   119     119  

The gross margin was 64.0 percent for the third quarter of 2012 and 63.8 percent for the third quarter of 2011, reflecting 11.2 and 11.5 percentage point unfavorable impacts, respectively, from the acquisition-related costs and restructuring costs noted above.

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