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Return to the Pfizer financial statement and perform a horizontal analysis on the income statement. What is the trend in the company?s net income? What

Return to the Pfizer financial statement and perform a horizontal analysis on the income statement. What is the trend in the company?s net income? What changes are primarily driving this trend?image text in transcribed

Appendix A 2012 Financial Report Financial Review Pfizer Inc. and Subsidiary Companies INTRODUCTION Our Financial Review is provided to assist readers in understanding the results of operations, financial condition and cash flows of Pfizer Inc. (the Company). It should be read in conjunction with the Consolidated Financial Statements and Notes to Consolidated Financial Statements. The discussion in this Financial Review contains forward-looking statements that involve substantial risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, such as those discussed in Part 1, Item 1A, \"Risk Factors\" of our 2012 Annual Report on Form 10-K and in the \"Forward-Looking Information and Factors That May Affect Future Results\

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