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GlaxoSmithKline PLC Foreign Filer Report 2012

Mar 28, 2012

5262_ffr_2012-03-28_0fa1dfc1-3925-4afd-ba8d-78cb7ace4558.zip

Foreign Filer Report

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FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For period ending March 2012

GlaxoSmithKline plc

(Name of registrant)

980 Great West Road, Brentford, Middlesex, TW8 9GS

(Address of principal executive offices)

Indicate by check mark whether the registrant files or

will file annual reports under cover Form 20-F or Form 40-F

Form 20-F x Form 40-F

--

Indicate by check mark whether the registrant by furnishing the

information contained in this Form is also thereby furnishing the

information to the Commission pursuant to Rule 12g3-2(b) under the

Securities Exchange Act of 1934.

Yes No x

--

Issued: 28 March 2012, London, U.K. GSK publishes historical quarterly restated financial information.

As previously announced, for 2012 GlaxoSmithKline (GSK) will adopt a revised presentation for the analysis of its Pharmaceuticals and Vaccines turnover by product and therapeutic area that identifies revenues from Emerging Markets/Asia Pacific (excluding Australasia) ('EMAP') as a new segment. This replaces the separate Emerging Markets and Asia Pacific segments reported in 2011. Australasia will now be reported in Rest of World, along with Canada, Puerto Rico and other central revenues. The revised reporting approach is in line with International Financial Reporting Standards (IFRS) that require companies' segment reporting to be representative of the way in which performance is reported internally. In addition, the classification of certain products has been changed in 2012, including:
· The transfer of the OTC dermatology brands acquired with the Stiefel business from the Pharmaceuticals and Vaccines business to the Consumer Healthcare business in the USA and Europe;
· The creation of a Rare diseases therapy area;
· The transfer of Zovirax from the Dermatology therapy area to the Anti-viral therapy area; and
· Consumer Healthcare will be reported in four categories: Total wellness, Oral care, Nutrition and Skin health.
In order to assist future comparability with historical data, this release includes the Pharmaceuticals and Vaccines turnover by product for each quarter since the period ended 31 March 2011, and for the full years 2011 and 2010, presented on a like-for-like basis with the classifications that will be reported in 2012. On 1 December 2011, GSK announced the introduction of core measures for both operating profit and earnings per share to report the performance of the Group with effect from Q1 2012. The primary purpose is to provide a clearer view of the underlying performance of GSK's core business by removing the volatility created by various items such as the impairment of intangible assets, legal charges and asset disposal gains and losses. As previously announced, the adjustments to be made in arriving at core will be as follows:
· Amortisation and impairment of intangible assets (excluding computer software) and goodwill;
· Major restructuring costs;
· Legal charges;
· Other operating income and disposal of associates, products and businesses;
· Acquisition accounting adjustments for material acquisitions; and
· Tax on adjustments.
It was also announced that with effect from Q1 2012, charges for amortisation and impairment of intangible assets related to marketed products will be reported in cost of sales (previously these were included in SG&A). In order to assist future comparability with historical data, this release includes reconciliations of total results restated (for the above referenced change in the presentation of amortisation and impairment of intangible assets related to marketed products) to core earnings for each quarter since the period ended 31 March 2011 and for the full years 2011 and 2010. None of the restatements noted above has any impact on earnings per share either for total results or for core earnings. An Excel version of this data is available on www.gsk.com .

GlaxoSmithKline - one of the world's leading research-based pharmaceutical and healthcare companies - is committed to improving the quality of human life by enabling people to do more, feel better and live longer. For further information please visit www.gsk.com

GlaxoSmithKline Enquiries: — UK Media enquiries: David Mawdsley +44 (0) 20 8047 5502 (London)
Stephen Rea +44 (0) 20 8047 5502 (London)
Sarah Spencer +44 (0) 20 8047 5502 (London)
David Daley +44 (0) 20 8047 5502 (London)
US Media enquiries: Kevin Colgan +1 919 483 2839 (North Carolina)
Melinda Stubbee +1 919 483 2839 (North Carolina)
Sarah Alspach +1 919 483 2839 (Washington, DC)
Jennifer Armstrong +1 919 483 2839 (Philadelphia)
Analyst/Investor enquiries: Sally Ferguson +44 (0) 20 8047 5543 (London)
Tom Curry +1 215 751 5419 (Philadelphia)
Gary Davies +44 (0) 20 8047 5503 (London)
Jeff McLaughlin +1 215 751 7002 (Philadelphia)
Ziba Shamsi +44 (0) 20 8047 3289 (London)

CER growth In order to illustrate underlying performance, it is the Group's practice to discuss its results in terms of constant exchange rate (CER) growth. This represents growth calculated as if the exchange rates used to determine the results of overseas companies in Sterling had remained unchanged from those used in the comparative period.

Brand names and partner acknowledgements Brand names appearing in italics throughout this document are trademarks of GSK or associated companies or used under licence by the Group.
This Announcement does not constitute statutory accounts of the Group within the meaning of sections 434(3) and 435(3) of the Companies Act 2006. The information for 2011 and 2010 has been derived from the full Group accounts published in the Annual Reports 2010 and 2011. Cautionary statement regarding forward-looking statements Under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, GSK cautions investors that any forward-looking statements or projections made by GSK, including those made in this announcement, are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Factors that may affect GSK' s operations are described under 'Risk factors' in the 'Financial review & risk' section in the company's Annual Report 2011 included as exhibit 15.2 to the company's Annual Report on Form 20-F for 2011.
Registered in England & Wales: No. 3888792
Registered Office: 980 Great West Road Brentford, Middlesex TW8 9GS
Pharmaceuticals and Vaccines turnover
Twelve months ended 31 December 2011
Total — ---------------------------- USA — ---------------------------- Europe — ---------------------------- EMAP — ---------------------------- Rest of World — ----------------------------
£m CER% £m CER% £m CER% £m CER% £m CER%
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Respiratory 7,298 2 3,301 1 2,115 (2) 779 9 1,103 10
Avamys / Veramyst 241 24 62 (6) 65 14 54 41 60 92
Flixonase/Flonase 138 (17) 7 (78) 37 (8) 49 11 45 (2)
Flixotide/Flovent 813 3 447 8 151 (6) 52 7 163 (4)
Seretide/Advair 5,061 - 2,475 (1) 1,580 (2) 379 2 627 8
Serevent 182 (9) 62 2 85 (14) 3 52 32 (19)
Ventolin 602 17 239 39 141 (1) 160 14 62 4
Xyzal 64 85 - - - - 16 7 48 >100
Zyrtec 96 12 - - - - 29 36 67 3
Anti-virals 842 (29) 96 (73) 101 (23) 357 1 288 (16)
Hepsera 127 (3) - - - - 96 (4) 31 4
Zovirax 109 (29) 11 (79) 27 (4) 37 12 34 (13)
Valtrex 339 (38) 72 (70) 48 (31) 38 9 181 (3)
Zeffix 237 1 11 (15) 24 (8) 176 5 26 (11)
Central nervous system 1,721 (2) 474 (3) 480 (12) 311 12 456 2
Imigran/Imitrex 210 (2) 82 12 74 (14) 7 (2) 47 (4)
Lamictal 536 8 277 12 131 (10) 71 3 57 60
Requip 218 (7) 42 (2) 113 (18) 12 - 51 22
Seroxat/Paxil 435 (13) (3) <(100) 66 (20) 88 7 284 (8)
Treximet 57 5 57 7 - - - - - (100)
Wellbutrin 85 6 16 (33) 45 15 23 35 1 100
Cardiovascular and urogenital 2,454 8 1,527 4 534 8 251 24 142 45
Arixtra 276 (7) 147 (14) 97 (3) 21 47 11 (10)
Avodart 748 20 331 2 223 26 69 28 125 92
Coreg 155 (6) 154 (6) - - - - 1 -
Fraxiparine 234 5 - - 162 5 70 29 2 (92)
Lovaza 569 12 567 12 - - - - 2 -
Vesicare 126 15 126 16 - - - - - -
Metabolic 331 (49) 90 (60) 61 (62) 63 (35) 117 (27)
Avandia products 123 (71) 91 (60) (3) <(100) 18 (70) 17 (69)
Anti-bacterials 1,390 1 54 (25) 513 (5) 724 9 99 -
Augmentin 641 4 - - 248 3 352 10 41 (5)
Oncology and emesis 683 2 268 (20) 245 22 92 24 78 26
Arzerra 44 45 31 23 12 >100 - - 1 -
Promacta 75 >100 32 36 23 >100 5 - 15 >100
Tyverb/Tykerb 231 2 64 (6) 97 2 42 26 28 (7)
Votrient 100 >100 56 76 37 >100 7 - - -
Vaccines 3,497 (19) 814 11 1,091 (36) 1,012 (11) 580 (26)
Boostrix 192 7 108 2 48 9 9 (1) 27 35
Cervarix 506 >100 8 (31) 58 (50) 94 71 346 >100
Fluarix, FluLaval 230 (2) 132 25 40 (38) 34 (20) 24 (2)
Hepatitis 688 (3) 293 (1) 227 (7) 111 (3) 57 (2)
Infanrix, Pediarix 690 (2) 163 16 403 (7) 68 (4) 56 (5)
Rotarix 300 31 110 55 41 8 129 16 20 >100
Synflorix 350 57 - - 52 21 292 81 6 (78)
Dermatologicals 898 8 263 (4) 157 4 382 26 96 (9)
Bactroban 123 6 51 4 28 4 35 10 9 10
Duac 109 (3) 60 (6) 24 - 13 7 12 (8)
Rare diseases 463 12 105 (3) 139 (1) 41 47 178 31
Flolan 179 (11) 37 (15) 43 (37) 1 - 98 13
Volibris 97 >100 - - 69 70 5 >100 23 >100
Other 966 2 30 29 264 (15) 456 14 216 1
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
20,543 (5) 7,022 (5) 5,700 (13) 4,468 5 3,353 (3)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
ViiV Healthcare (HIV) 1,569 1 660 4 574 (3) 199 9 136 (4)
Combivir 322 (10) 127 (8) 93 (21) 83 8 19 (29)
Epivir 110 (3) 39 3 32 (14) 27 13 12 (21)
Epzicom/Kivexa 617 12 230 14 272 10 43 13 72 10
Lexiva 142 (7) 74 (4) 45 (14) 16 23 7 (36)
Selzentry 110 39 45 38 51 24 4 100 10 >100
Trizivir 126 (11) 67 (4) 50 (18) 5 25 4 (43)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
22,112 (4)
---------- ----------
Pharmaceuticals and Vaccines turnover
Three months ended 31 December 2011
Total — ---------------------------- USA — ---------------------------- Europe — ---------------------------- EMAP — ---------------------------- Rest of World — ----------------------------
£m CER% £m CER% £m CER% £m CER% £m CER%
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Respiratory 1,957 3 919 7 524 (5) 212 14 302 -
Avamys / Veramyst 55 12 13 (18) 14 17 15 30 13 38
Flixonase/Flonase 31 (16) 1 (80) 8 (10) 13 (8) 9 -
Flixotide/Flovent 232 7 134 17 37 (10) 13 16 48 (4)
Seretide/Advair 1,351 2 682 4 390 (5) 101 7 178 6
Serevent 44 (12) 14 - 20 (17) 1 >100 9 (29)
Ventolin 171 23 72 49 38 3 48 19 13 (3)
Xyzal 22 (9) - - - - 5 - 17 (11)
Zyrtec 24 - - - - - 9 50 15 (18)
Anti-virals 200 (19) 11 (71) 25 (17) 91 4 73 (20)
Hepsera 37 9 - - - - 29 13 8 13
Zovirax 26 (33) - - 7 (14) 11 42 8 (11)
Valtrex 76 (23) 6 (75) 12 (27) 12 15 46 (3)
Zeffix 56 (14) 3 (33) 5 - 41 (13) 7 (22)
Central nervous system 446 (1) 121 7 114 (12) 82 6 129 -
Imigran/Imitrex 54 6 20 40 18 (5) 1 (30) 15 (11)
Lamictal 141 9 70 9 32 (6) 18 3 21 72
Requip 52 (13) 11 10 22 (33) 2 (35) 17 21
Seroxat/Paxil 116 (13) - - 17 (11) 22 2 77 (17)
Treximet 15 7 15 14 - - - - - -
Wellbutrin 20 (5) 3 (71) 11 9 5 (20) 1 -
Cardiovascular and urogenital 645 5 398 (2) 133 9 70 31 44 21
Arixtra 56 (30) 23 (51) 24 - 7 40 2 (49)
Avodart 206 17 89 6 60 22 18 37 39 33
Coreg 41 2 40 2 - - - - 1 -
Fraxiparine 60 13 - - 39 8 20 15 1 -
Lovaza 158 10 158 10 - - - - - -
Vesicare 32 6 33 10 - - - - (1) -
Metabolic 95 (8) 30 (22) 14 34 18 50 33 (24)
Avandia products 39 (20) 31 (25) - - 4 >100 4 (68)
Anti-bacterials 355 (1) 6 (63) 123 (18) 203 17 23 21
Augmentin 173 7 (1) - 63 (7) 101 19 10 (4)
Oncology and emesis 179 8 71 (3) 61 15 28 47 19 (12)
Arzerra 12 33 8 33 3 - - - 1 -
Promacta 24 >100 8 50 8 >100 3 - 5 >100
Tyverb/Tykerb 59 - 17 - 22 (8) 12 25 8 (8)
Votrient 31 >100 16 45 12 >100 4 - (1) -
Vaccines 810 (18) 158 (6) 290 (25) 238 (20) 124 1
Boostrix 45 (10) 23 (18) 14 27 1 (26) 7 (33)
Cervarix 100 46 1 100 17 (28) 26 69 56 >100
Fluarix, FluLaval 54 (22) 17 (39) 18 31 13 (33) 6 (15)
Hepatitis 161 (1) 59 7 54 (14) 32 13 16 2
Infanrix, Pediarix 181 (4) 32 (8) 115 (3) 19 16 15 (29)
Rotarix 73 (5) 25 29 10 22 27 (39) 11 >100
Synflorix 67 44 - - 16 >100 49 36 2 (78)
Dermatologicals 221 2 64 (11) 39 9 97 16 21 (25)
Bactroban 29 3 13 8 6 (14) 8 10 2 9
Duac 26 4 14 - 6 - 2 (1) 4 44
Rare diseases 126 6 27 (11) 32 (17) 13 53 54 30
Flolan 44 (16) 8 (27) 9 (53) - - 27 14
Volibris 28 69 - - 17 31 1 >100 10 >100
Other 256 (11) 8 64 75 (22) 111 (3) 62 (17)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
5,290 (3) 1,813 - 1,430 (11) 1,163 4 884 (3)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
ViiV Healthcare (HIV) 402 1 176 10 138 (3) 50 (17) 38 11
Combivir 68 (29) 30 (12) 19 (29) 15 (41) 4 (63)
Epivir 27 (7) 9 - 7 (13) 7 (13) 4 -
Epzicom/Kivexa 170 17 65 20 70 13 13 8 22 31
Lexiva 38 6 20 - 10 - 7 - 1 (50)
Selzentry 33 50 13 44 12 9 2 100 6 >100
Trizivir 32 3 18 13 11 (21) 2 - 1 -
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
5,692 (3)
---------- ----------
Pharmaceuticals and Vaccines turnover
Three months ended 30 September 2011
Total — ---------------------------- USA — ---------------------------- Europe — ---------------------------- EMAP — ---------------------------- Rest of World — ----------------------------
£m CER% £m CER% £m CER% £m CER% £m CER%
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Respiratory 1,714 (2) 783 (6) 502 (1) 184 8 245 7
Avamys / Veramyst 50 23 17 13 13 20 14 39 6 25
Flixonase/Flonase 28 (16) 2 (63) 9 - 13 30 4 (50)
Flixotide/Flovent 183 (3) 100 (3) 35 - 12 28 36 (12)
Seretide/Advair 1,217 (3) 593 (7) 384 - 89 - 151 8
Serevent 43 (10) 15 (6) 21 (17) - - 7 -
Ventolin 136 5 54 10 32 (6) 33 6 17 6
Xyzal 12 >100 - - - - 4 - 8 -
Zyrtec 21 5 - - - - 7 33 14 (8)
Anti-virals 208 (13) 24 (50) 25 (14) 92 9 67 (13)
Hepsera 32 (6) - - - - 24 (4) 8 (14)
Zovirax 25 (19) 1 (88) 7 17 10 25 7 (20)
Valtrex 87 (12) 22 (19) 11 (14) 9 11 45 (11)
Zeffix 63 11 1 (33) 7 (14) 48 18 7 17
Central nervous system 458 3 140 16 123 (11) 80 6 115 4
Imigran/Imitrex 54 - 21 17 20 (14) 3 59 10 (9)
Lamictal 153 18 88 29 33 (9) 18 (8) 14 >100
Requip 56 (7) 11 (15) 29 (9) 3 (26) 13 22
Seroxat/Paxil 109 (9) - (100) 16 (16) 23 - 70 (3)
Treximet 14 - 14 - - - - - - -
Wellbutrin 23 33 5 50 12 10 8 >100 (2) -
Cardiovascular and urogenital 630 8 394 2 136 14 64 28 36 41
Arixtra 71 (3) 39 (9) 23 5 5 25 4 -
Avodart 188 19 79 (8) 58 37 18 26 33 >100
Coreg 38 (11) 39 (12) - - - - (1) -
Fraxiparine 60 7 - - 42 18 17 13 1 (80)
Lovaza 139 2 139 4 - - - - - -
Vesicare 33 21 32 22 - - - - 1 -
Metabolic 75 (38) 14 (55) 16 (57) 15 10 30 (24)
Avandia products 22 (67) 14 (52) (1) <(100) 6 (22) 3 (71)
Anti-bacterials 323 (3) 13 - 112 (12) 171 3 27 (5)
Augmentin 139 (10) (1) (100) 54 (7) 74 (9) 12 (27)
Oncology and emesis 194 13 83 (3) 65 27 24 21 22 61
Arzerra 12 33 9 13 3 >100 - - - -
Promacta 22 >100 10 67 6 >100 1 - 5 -
Tyverb/Tykerb 61 3 19 11 24 (4) 11 7 7 4
Votrient 30 >100 16 89 12 >100 2 - - -
Vaccines 1,142 14 323 20 285 (12) 283 4 251 88
Boostrix 62 7 43 10 13 - 2 (23) 4 22
Cervarix 232 >100 4 (25) 12 - 29 65 187 >100
Fluarix, FluLaval 159 (2) 109 40 24 (52) 12 (46) 14 7
Hepatitis 178 (6) 82 (14) 55 (4) 30 12 11 17
Infanrix, Pediarix 192 12 60 61 97 (4) 18 (16) 17 34
Rotarix 75 44 25 47 11 25 34 47 5 62
Synflorix 107 14 - - 11 11 95 17 1 (47)
Dermatologicals 240 10 76 (1) 40 (1) 97 23 27 17
Bactroban 36 9 16 14 8 14 9 (2) 3 10
Duac 30 (12) 17 (15) 6 - 4 28 3 (46)
Rare diseases 116 10 28 (4) 34 (6) 11 85 43 29
Flolan 43 (21) 10 (21) 9 (47) - - 24 1
Volibris 25 >100 - - 18 70 2 47 5 >100
Other 222 (2) 11 13 57 (12) 110 2 44 1
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
5,322 3 1,889 (1) 1,395 (5) 1,131 8 907 20
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
ViiV Healthcare (HIV) 435 7 177 11 145 1 79 17 34 (6)
Combivir 112 17 37 8 22 (19) 47 62 6 -
Epivir 28 (10) 10 - 8 (11) 8 - 2 (50)
Epzicom/Kivexa 160 14 61 26 69 16 13 (7) 17 (12)
Lexiva 35 (13) 19 5 11 (23) 2 (57) 3 100
Selzentry 28 40 12 63 14 40 1 - 1 (100)
Trizivir 33 (16) 17 (5) 13 (20) 2 (33) 1 (100)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
5,757 3
---------- ----------
Pharmaceuticals and Vaccines turnover
Three months ended 30 June 2011
Total — ---------------------------- USA — ---------------------------- Europe — ---------------------------- EMAP — ---------------------------- Rest of World — ----------------------------
£m CER% £m CER% £m CER% £m CER% £m CER%
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Respiratory 1,812 2 808 2 552 1 199 6 253 7
Avamys / Veramyst 64 14 17 (5) 22 5 15 45 10 59
Flixonase/Flonase 31 (36) 1 (94) 11 (17) 13 27 6 (22)
Flixotide/Flovent 196 1 106 6 39 (3) 12 1 39 (5)
Seretide/Advair 1,270 2 614 2 407 2 97 2 152 5
Serevent 43 (17) 12 (24) 22 (8) - - 9 (11)
Ventolin 149 15 57 38 35 - 40 7 17 3
Xyzal 15 >100 - - - - 4 (20) 11 -
Zyrtec 20 - - - - - 6 - 14 -
Anti-virals 214 (29) 24 (75) 26 (19) 97 12 67 (13)
Hepsera 30 (9) - - - - 22 (12) 8 -
Zovirax 22 (33) (1) - 6 (14) 9 - 8 (35)
Valtrex 86 (48) 22 (74) 13 (25) 9 (11) 42 (9)
Zeffix 62 3 3 (25) 6 - 47 11 6 (26)
Central nervous system 421 (6) 110 (9) 123 (12) 74 13 114 (5)
Imigran/Imitrex 51 (2) 20 11 19 (14) 1 (38) 11 5
Lamictal 128 7 66 20 33 (16) 17 1 12 35
Requip 57 (5) 10 - 32 (17) 4 36 11 19
Seroxat/Paxil 107 (21) (4) - 17 (27) 20 1 74 (8)
Treximet 14 (6) 14 - - - - - - (100)
Wellbutrin 23 5 5 (20) 12 33 5 20 1 (100)
Cardiovascular and urogenital 636 13 401 11 138 5 63 20 34 75
Arixtra 75 (1) 41 (2) 26 (7) 5 - 3 (33)
Avodart 188 24 87 8 55 20 18 26 28 >100
Coreg 39 (5) 38 (5) - - - - 1 -
Fraxiparine 60 4 - - 42 3 18 27 - -
Lovaza 145 14 144 13 - - - - 1 -
Vesicare 33 17 33 17 - - - - - -
Metabolic 77 (62) 20 (71) 16 (73) 15 (61) 26 (29)
Avandia products 26 (82) 20 (72) (2) - 3 (88) 5 (66)
Anti-bacterials 333 - 16 (19) 122 (3) 170 4 25 4
Augmentin 142 - (1) - 56 4 79 4 8 (10)
Oncology and emesis 162 (5) 56 (33) 63 33 22 12 21 39
Arzerra 11 38 7 14 3 - - - 1 -
Promacta 17 >100 8 29 5 >100 1 - 3 -
Tyverb/Tykerb 59 7 15 (11) 27 23 11 51 6 (33)
Votrient 22 >100 12 63 8 - 1 - 1 -
Vaccines 787 (15) 178 36 275 (27) 254 7 80 (61)
Boostrix 53 26 27 12 12 9 4 >100 10 80
Cervarix 65 30 2 (50) 14 (33) 17 36 32 >100
Fluarix, FluLaval 8 - 5 - (2) - 4 >100 1 -
Hepatitis 191 15 82 47 64 (2) 31 (1) 14 (19)
Infanrix, Pediarix 156 (11) 31 (13) 100 (12) 13 (17) 12 12
Rotarix 75 >100 33 >100 10 25 31 56 1 33
Synflorix 99 >100 - - 12 (14) 83 >100 4 (74)
Dermatologicals 221 11 60 3 41 7 98 36 22 (30)
Bactroban 30 3 11 (7) 7 - 10 24 2 11
Duac 25 (7) 13 - 6 - 3 1 3 (37)
Rare diseases 110 12 24 (8) 35 8 7 11 44 36
Flolan 45 (8) 9 (17) 11 (31) 1 (8) 24 15
Volibris 22 >100 - - 17 89 - - 5 >100
Other 269 18 8 13 67 (19) 125 41 69 32
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
5,042 (4) 1,705 (4) 1,458 (9) 1,124 11 755 (11)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
ViiV Healthcare (HIV) 379 - 154 (4) 146 (3) 45 61 34 (18)
Combivir 71 (16) 30 (18) 25 (20) 12 9 4 (29)
Epivir 29 11 9 (10) 8 (20) 9 >100 3 33
Epzicom/Kivexa 147 7 53 2 68 8 10 25 16 14
Lexiva 37 - 18 (5) 12 (8) 6 >100 1 (67)
Selzentry 26 37 10 22 13 30 1 - 2 >100
Trizivir 31 (8) 17 - 13 (7) 1 - - -
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
5,421 (3)
---------- ----------
Pharmaceuticals and Vaccines turnover
Three months ended 31 March 2011
Total — ---------------------------- USA — ---------------------------- Europe — ---------------------------- EMAP — ---------------------------- Rest of World — ----------------------------
£m CER% £m CER% £m CER% £m CER% £m CER%
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Respiratory 1,815 3 791 1 537 (4) 184 8 303 28
Avamys / Veramyst 72 52 15 (12) 16 23 10 57 31 >100
Flixonase/Flonase 48 2 3 (50) 9 - 10 - 26 21
Flixotide/Flovent 202 4 107 11 40 (9) 15 (8) 40 6
Seretide/Advair 1,223 (2) 586 (5) 399 (4) 92 (2) 146 17
Serevent 52 2 21 38 22 (15) 2 - 7 (32)
Ventolin 146 27 56 66 36 (3) 39 25 15 10
Xyzal 15 >100 - - - - 3 >100 12 >100
Zyrtec 31 45 - - - - 7 75 24 38
Anti-virals 220 (45) 37 (77) 25 (35) 77 (20) 81 (16)
Hepsera 28 (7) - - - - 21 (13) 7 20
Zovirax 36 (29) 11 (58) 7 - 7 (12) 11 26
Valtrex 90 (51) 22 (79) 12 (48) 8 28 48 11
Zeffix 56 6 4 33 6 (14) 40 8 6 -
Central nervous system 396 (6) 103 (23) 120 (14) 75 27 98 11
Imigran/Imitrex 51 (12) 21 (8) 17 (23) 2 (3) 11 1
Lamictal 114 (4) 53 (11) 33 (8) 18 19 10 31
Requip 53 (4) 10 - 30 (14) 3 54 10 28
Seroxat/Paxil 103 (8) 1 (90) 16 (23) 23 30 63 1
Treximet 14 15 14 15 - - - - - -
Wellbutrin 19 (5) 3 (50) 10 11 5 25 1 (100)
Cardiovascular and urogenital 543 8 334 5 127 6 54 17 28 56
Arixtra 74 9 44 15 24 (8) 4 33 2 50
Avodart 166 20 76 3 50 28 15 24 25 >100
Coreg 37 (10) 37 (10) - - - - - -
Fraxiparine 54 (2) - - 39 (7) 15 36 - -
Lovaza 127 22 126 21 - - - - 1 -
Vesicare 28 16 28 16 - - - - - -
Metabolic 84 (62) 26 (70) 15 (73) 15 (57) 28 (31)
Avandia products 36 (79) 26 (70) - - 5 (82) 5 (73)
Anti-bacterials 379 8 19 (21) 156 12 180 13 24 (13)
Augmentin 187 19 3 (63) 75 21 98 27 11 21
Oncology and emesis 148 (10) 58 (35) 56 16 18 15 16 41
Arzerra 9 100 7 40 3 - - - (1) -
Promacta 12 100 6 - 4 - - - 2 -
Tyverb/Tykerb 52 (2) 13 (24) 24 - 8 30 7 20
Votrient 17 >100 12 >100 5 - - - - -
Vaccines 758 (46) 155 (7) 241 (60) 237 (27) 125 (62)
Boostrix 32 7 15 - 9 - 2 (38) 6 89
Cervarix 109 34 1 (50) 15 (75) 22 >100 71 >100
Fluarix, FluLaval 9 60 1 - - - 5 - 3 (58)
Hepatitis 158 (19) 70 (23) 54 (10) 18 (34) 16 (3)
Infanrix, Pediarix 161 (2) 40 28 91 (11) 18 7 12 (20)
Rotarix 77 20 27 4 10 (23) 37 67 3 17
Synflorix 77 73 - - 13 8 65 >100 (1) (98)
Dermatologicals 216 10 63 (8) 37 (1) 90 31 26 12
Bactroban 28 7 11 - 7 17 8 10 2 10
Duac 28 4 16 (6) 6 - 4 (2) 2 >100
Rare diseases 111 21 26 13 38 15 10 45 37 32
Flolan 47 5 10 11 14 (18) - - 23 24
Volibris 22 >100 - - 17 >100 2 - 3 >100
Other 219 8 3 31 65 (1) 110 24 41 (13)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
4,889 (14) 1,615 (13) 1,417 (23) 1,050 (2) 807 (14)
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
ViiV Healthcare (HIV) 353 (4) 153 (1) 145 (7) 25 (8) 30 (3)
Combivir 71 (12) 30 (9) 27 (18) 9 (10) 5 -
Epivir 26 (7) 11 20 9 (10) 3 (25) 3 (50)
Epzicom/Kivexa 140 8 51 8 65 3 7 75 17 7
Lexiva 32 (20) 17 (14) 12 (20) 1 (50) 2 (33)
Selzentry 23 26 10 25 12 20 - - 1 100
Trizivir 30 (21) 15 (21) 13 (24) - - 2 100
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
5,242 (14)
---------- ----------
Pharmaceuticals and Vaccines turnover
Twelve months ended 31 December 2010
Total USA Europe EMAP Rest of World
------------ ---------- ---------- ---------- ----------
£m £m £m £m £m
---------- ---------- ---------- ---------- ----------
Respiratory 7,238 3,394 2,149 735 960
Avamys / Veramyst 193 69 56 38 30
Flixonase/Flonase 164 37 40 44 43
Flixotide/Flovent 804 431 159 51 163
Seretide/Advair 5,139 2,604 1,601 384 550
Serevent 201 64 98 2 37
Ventolin 522 179 142 145 56
Xyzal 33 - - 15 18
Zyrtec 82 - - 22 60
Anti-virals 1,167 361 128 352 326
Hepsera 128 - 1 99 28
Zovirax 152 53 27 33 39
Valtrex 532 252 68 35 177
Zeffix 233 13 26 166 28
Central nervous system 1,753 505 540 282 426
Imigran/Imitrex 212 75 85 7 45
Lamictal 504 257 143 71 33
Requip 233 44 137 12 40
Seroxat/Paxil 482 27 82 82 291
Treximet 56 55 - - 1
Wellbutrin 81 24 39 17 1
Cardiovascular and urogenital 2,314 1,525 488 206 95
Arixtra 301 177 99 15 10
Avodart 629 337 175 56 61
Coreg 171 170 - - 1
Fraxiparine 222 - 154 56 12
Lovaza 530 528 - - 2
Vesicare 114 113 - - 1
Metabolic 647 237 160 100 150
Avandia products 440 237 88 61 54
Anti-bacterials 1,396 75 536 689 96
Augmentin 625 11 240 332 42
Oncology and emesis 679 346 198 75 60
Arzerra 31 26 4 - 1
Promacta 31 25 5 - 1
Tyverb/Tykerb 227 70 94 35 28
Votrient 38 33 4 - 1
Vaccines 4,326 763 1,681 1,144 738
Boostrix 181 110 43 10 18
Cervarix 242 13 116 55 58
Fluarix, FluLaval 241 110 63 44 24
Hepatitis 720 307 242 115 56
Infanrix, Pediarix 700 146 429 72 53
Rotarix 235 74 38 115 8
Synflorix 221 - 43 160 18
Dermatologicals 849 286 152 312 99
Bactroban 119 51 27 34 7
Duac 116 67 23 13 13
Rare diseases 408 113 138 29 128
Flolan 195 46 67 - 82
Volibris 46 - 40 1 5
Other 956 24 309 423 200
---------- ---------- ---------- ---------- ----------
21,733 7,629 6,479 4,347 3,278
---------- ---------- ---------- ----------
ViiV Healthcare (HIV) 1,566 660 585 182 139
Combivir 363 143 117 79 24
Epivir 115 40 37 24 14
Epzicom/Kivexa 555 210 245 38 62
Lexiva 155 80 51 13 11
Selzentry 80 34 41 2 3
Trizivir 144 73 60 4 7
---------- ---------- ---------- ---------- ----------
23,299
----------
Consumer Healthcare turnover
Twelve months ended 31 December 2011
£m CER%
------ ------
Total wellness 2,191 -
Oral care 1,717 8
Nutrition 1,025 10
Skin health 342 1
------ ------
Total 5,275 5
------ ------
USA 1,005 (1)
Europe 1,997 (2)
ROW 2,273 14
------ ------
Total 5,275 5
------ ------
Consumer Healthcare turnover
Three months ended 31 December 2011
£m CER%
------ ------
Total wellness 562 (2)
Oral care 420 4
Nutrition 223 12
Skin health 81 (5)
------ ------
Total 1,286 2
------ ------
USA 262 (7)
Europe 490 (5)
ROW 534 14
------ ------
Total 1,286 2
------ ------
Consumer Healthcare turnover
Three months ended 30 September 2011
£m CER%
------ ------
Total wellness 540 -
Oral care 446 10
Nutrition 277 9
Skin health 84 (4)
------ ------
Total 1,347 5
------ ------
USA 259 4
Europe 505 (3)
ROW 583 13
------ ------
Total 1,347 5
------ ------
Consumer Healthcare turnover
Three months ended 30 June 2011
£m CER%
------ ------
Total wellness 516 -
Oral care 425 5
Nutrition 271 12
Skin health 87 2
------ ------
Total 1,299 4
------ ------
USA 239 (2)
Europe 509 (3)
ROW 551 15
------ ------
Total 1,299 4
------ ------
Consumer Healthcare turnover
Three months ended 31 March 2011
£m CER%
------ ------
Total wellness 573 2
Oral care 426 12
Nutrition 254 9
Skin health 90 10
------ ------
Total 1,343 7
------ ------
USA 245 1
Europe 493 2
ROW 605 15
------ ------
Total 1,343 7
------ ------
Consumer Healthcare turnover
Twelve months ended 31 December 2010
£m
------
Total wellness 2,202
Oral care 1,596
Nutrition 953
Skin health 342
------
Total 5,093
------
USA 1,056
Europe 2,027
ROW 2,010
------
Total 5,093
------

Income statement - Core earnings reconciliation Year ended 31 December 2011

Total results (restated) £m Intangible amortisation £m Intangible impairment £m Major restructuring £m Legal costs £m Other operating income £m Core results £m
------ ------ ------ ------ ----- ------ ------
Turnover 27,387 27,387
Cost of sales (7,648) 304 12 73 (7,259)
------ ------ ------ ------ ----- ------ ------
Gross profit 19,739 304 12 73 20,128
Selling, general and administration (8,510) 397 157 (7,956)
Research and development (4,009) 137 97 97 (3,678)
Royalty income 309 309
Other operating income 278 23 (301) -
------ ------ ------ ------ ----- ------ ------
Operating profit 7,807 441 109 590 157 (301) 8,803
Net finance costs (709) 2 (707)
Profit on disposal of interest in associates 585 (585) -
Share of after tax profits of associates and joint ventures 15 15
------ ------ ------ ------ ----- ------ ------
Profit before taxation 7,698 441 109 592 157 (886) 8,111
Taxation (2,240) (137) (41) (114) (22) 450 (2,104)
Tax rate % 29.1% 25.9%
------ ------ ------ ------ ----- ------ ------
Profit after taxation 5,458 304 68 478 135 (436) 6,007
------ ------ ------ ------ ----- ------ ------
Profit attributable to non-controlling interests 197 197
Profit attributable to shareholders 5,261 304 68 478 135 (436) 5,810
------ ------ ------ ------ ----- ------ ------
Earnings per share 104.6p 6.0p 1.4p 9.5p 2.7p (8.7)p 115.5p
------ ------ ------ ------ ----- ------ ------
Weighted average number of shares (millions) 5,028 5,028
------ ------

Income statement - Core earnings reconciliation Three months ended 31 December 2011

Total results (restated) £m Intangible amortisation £m Intangible impairment £m Major restructuring £m Legal costs £m Other operating income £m Core results £m
------ ------ ------ ------ ----- ------ ------
Turnover 6,978 6,978
Cost of sales (1,949) 67 (13) 19 (1,876)
------ ------ ------ ------ ----- ------ ------
Gross profit 5,029 67 (13) 19 5,102
Selling, general and administration (2,172) 162 76 (1,934)
Research and development (1,095) 33 71 (4) (995)
Royalty income 91 91
Other operating income 26 23 (49) -
------ ------ ------ ------ ----- ------ ------
Operating profit 1,879 100 58 200 76 (49) 2,264
Net finance costs (175) 1 (174)
Profit on disposal of interest in associates 1 (1) -
Share of after tax profits of associates and joint ventures (4) (4)
------ ------ ------ ------ ----- ------ ------
Profit before taxation 1,701 100 58 201 76 (50) 2,086
Taxation (417) (30) (25) (46) (10) 24 (504)
Tax rate % 24.5% 24.2%
------ ------ ------ ------ ----- ------ ------
Profit after taxation 1,284 70 33 155 66 (26) 1,582
------ ------ ------ ------ ----- ------ ------
Profit attributable to non-controlling interests 32 32
Profit attributable to shareholders 1,252 70 33 155 66 (26) 1,550
------ ------ ------ ------ ----- ------ ------
Earnings per share 25.2p 1.4p 0.7p 3.1p 1.3p (0.5)p 31.2p
------ ------ ------ ------ ----- ------ ------
Weighted average number of shares (millions) 4,962 4,962
------ ------

Income statement - Core earnings reconciliation Three months ended 30 September 2011

Total results (restated) £m Intangible amortisation £m Intangible impairment £m Major restructuring £m Legal costs £m Other operating income £m Core results £m
------ ------ ------ ------ ----- ------ ------
Turnover 7,104 7,104
Cost of sales (2,083) 84 1 20 (1,978)
------ ------ ------ ------ ----- ------ ------
Gross profit 5,021 84 1 20 5,126
Selling, general and administration (2,013) 31 20 (1,962)
Research and development (984) 34 16 13 (921)
Royalty income 85 85
Other operating income 6 (6) -
------ ------ ------ ------ ----- ------ ------
Operating profit 2,115 118 17 64 20 (6) 2,328
Net finance costs (172) 1 (171)
Profit on disposal of interest in associates - -
Share of after tax profits of associates and joint ventures (2) (2)
------ ------ ------ ------ ----- ------ ------
Profit before taxation 1,941 118 17 65 20 (6) 2,155
Taxation (498) (37) (6) (17) (3) 2 (559)
Tax rate % 25.7% 25.9%
------ ------ ------ ------ ----- ------ ------
Profit after taxation 1,443 81 11 48 17 (4) 1,596
------ ------ ------ ------ ----- ------ ------
Profit attributable to non-controlling interests 65 65
Profit attributable to shareholders 1,378 81 11 48 17 (4) 1,531
------ ------ ------ ------ ----- ------ ------
Earnings per share 27.6p 1.6p 0.2p 0.9p 0.3p - 30.6p
------ ------ ------ ------ ----- ------ ------
Weighted average number of shares (millions) 5,001 5,001
------ ------

Income statement - Core earnings reconciliation Three months ended 30 June 2011

Total results (restated) £m Intangible amortisation £m Intangible impairment £m Major restructuring £m Legal costs £m Other operating income £m Core results £m
------ ------ ------ ------ ----- ------ ------
Turnover 6,720 6,720
Cost of sales (1,744) 76 24 19 (1,625)
------ ------ ------ ------ ----- ------ ------
Gross profit 4,976 76 24 19 5,095
Selling, general and administration (2,245) 101 61 (2,083)
Research and development (1,015) 36 2 71 (906)
Royalty income 61 61
Other operating income 1 (1) -
------ ------ ------ ------ ----- ------ ------
Operating profit 1,778 112 26 191 61 (1) 2,167
Net finance costs (188) (188)
Profit on disposal of interest in associates - -
Share of after tax profits of associates and joint ventures 2 2
------ ------ ------ ------ ----- ------ ------
Profit before taxation 1,592 112 26 191 61 (1) 1,981
Taxation (445) (35) (8) (30) (9) (527)
Tax rate % 28.0% 26.6%
------ ------ ------ ------ ----- ------ ------
Profit after taxation 1,147 77 18 161 52 (1) 1,454
------ ------ ------ ------ ----- ------ ------
Profit attributable to non-controlling interests 41 41
Profit attributable to shareholders 1,106 77 18 161 52 (1) 1,413
------ ------ ------ ------ ----- ------ ------
Earnings per share 21.8p 1.5p 0.4p 3.2p 1.0p - 27.9p
------ ------ ------ ------ ----- ------ ------
Weighted average number of shares (millions) 5,064 5,064
------ ------

Income statement - Core earnings reconciliation Three months ended 31 March 2011

Total results (restated) £m Intangible amortisation £m Intangible impairment £m Major restructuring £m Legal costs £m Other operating income £m Core results £m
------ ------ ------ ------ ----- ------ ------
Turnover 6,585 6,585
Cost of sales (1,872) 77 15 (1,780)
------ ------ ------ ------ ----- ------ ------
Gross profit 4,713 77 15 4,805
Selling, general and administration (2,080) 103 (1,977)
Research and development (915) 34 8 17 (856)
Royalty income 72 72
Other operating income 245 (245) -
------ ------ ------ ------ ----- ------ ------
Operating profit 2,035 111 8 135 (245) 2,044
Net finance costs (174) (174)
Profit on disposal of interest in associates 584 (584) -
Share of after tax profits of associates and joint ventures 19 19
------ ------ ------ ------ ----- ------ ------
Profit before taxation 2,464 111 8 135 (829) 1,889
Taxation (880) (35) (2) (21) 424 (514)
Tax rate % 35.7% 27.2%
------ ------ ------ ------ ------ ------ ------
Profit after taxation 1,584 76 6 114 (405) 1,375
------ ------ ------ ------ ------ ------ ------
Profit attributable to non-controlling interests 59 59
Profit attributable to shareholders 1,525 76 6 114 (405) 1,316
------ ------ ------ ------ ----- ------ ------
Earnings per share 30.0p 1.5p 0.1p 2.2p (7.9)p 25.9p
------ ------ ------ ------ ----- ------ ------
Weighted average number of shares (millions) 5,087 5,087
------ ------

Income statement - Core earnings reconciliation Year ended 31 December 2010

Total results £m Intangible amortisation £m Intangible impairment £m Major restructuring £m Legal costs £m Other operating income £m Core results £m
------ ------ ------ ------ ----- ------ ------
Turnover 28,392 28,392
Cost of sales (7,898) 295 11 187 (7,405)
------ ------ ------ ------ ----- ------ ------
Gross profit 20,494 295 11 187 20,987
Selling, general and administration (12,747) 665 4,001 (8,081)
Research and development (4,457) 133 126 493 (3,705)
Royalty income 296 296
Other operating income 197 (197) -
------ ------ ------ ------ ----- ------ ------
Operating profit 3,783 428 137 1,345 4,001 (197) 9,497
Net finance costs (715) 3 (712)
Profit on disposal of interest in associates 8 (8) -
Share of after tax profits of associates and joint ventures 81 81
------ ------ ------ ------ ----- ------ ------
Profit before taxation 3,157 428 137 1,348 4,001 (205) 8,866
Taxation (1,304) (136) (39) (240) (600) 53 (2,266)
Tax rate % 41.3% 25.6%
------ ------ ------ ------ ----- ------ ------
Profit after taxation 1,853 292 98 1,108 3,401 (152) 6,600
------ ------ ------ ------ ----- ------ ------
Profit attributable to non-controlling interests 219 219
Profit attributable to shareholders 1,634 292 98 1,108 3,401 (152) 6,381
------ ------ ------ ------ ----- ------ ------
Earnings per share 32.1p 5.7p 1.9p 21.8p 66.9p (2.9)p 125.5p
------ ------ ------ ------ ----- ------ ------
Weighted average number of shares (millions) 5,085 5,085
------ ------

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

GlaxoSmithKline plc

(Registrant)

Date: March 28, 2012

By: VICTORIA WHYTE


Victoria Whyte

Authorised Signatory for and on

behalf of GlaxoSmithKline plc