Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

DexCom Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Revenue	2,909,800)	2,448,500)	1,926,700)	1,476,000)	1,031,600)
Cost of sales	(1,026,700)	(768,000)	(646,600)	(544,500)	(367,700)
Gross profit	1,883,100)	1,680,500)	1,280,100)	931,500)	663,900)
Research and development	(484,200)	(517,100)	(359,900)	(273,500)	(199,700)
Collaborative research and development fee	—)	(87,100)	—)	—)	(217,700)
Amortization of intangible assets	(7,500)	(3,700)	(2,500)	—)	—)
Selling, general and administrative	(1,000,200)	(806,800)	(618,200)	(515,700)	(432,800)
Operating expenses	(1,491,900)	(1,414,700)	(980,600)	(789,200)	(850,200)
Operating income (loss)	391,200)	265,800)	299,500)	142,300)	(186,300)
Interest expense	(18,600)	(100,300)	(84,700)	(60,300)	(22,700)
Loss on extinguishment of debt	—)	(1,500)	(5,900)	—)	—)
Income (loss) from equity investments	200)	11,600)	—)	(4,200)	80,100)
Interest and other income (expense), net	18,000)	(1,700)	16,100)	26,400)	2,400)
Income (loss) before income taxes	390,800)	173,900)	225,000)	104,200)	(126,500)
Income tax (expense) benefit	(49,600)	(19,200)	268,600)	(3,100)	(600)
Net income (loss)	341,200)	154,700)	493,600)	101,100)	(127,100)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	DexCom Inc. revenue increased from 2020 to 2021 and from 2021 to 2022.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	DexCom Inc. operating income (loss) decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	DexCom Inc. income (loss) before income taxes decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	DexCom Inc. net income (loss) decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.

DexCom Inc. (NASDAQ:DXCM)

Income Statement