Stock Analysis on Net

Bristol-Myers Squibb Co. (NYSE:BMY)

Income Statement

Bristol-Myers Squibb Co., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net product sales 46,778 43,778 44,671 45,055 41,321
Alliance and other revenues 1,522 1,228 1,488 1,330 1,197
Revenues 48,300 45,006 46,159 46,385 42,518
Cost of products sold, excludes amortization of acquired intangible assets (13,968) (10,693) (10,137) (9,940) (11,773)
Gross margin 34,332 34,313 36,022 36,445 30,745
Marketing, selling and administrative (8,414) (7,772) (7,814) (7,690) (7,661)
Research and development (11,159) (9,299) (9,509) (10,195) (10,048)
Acquired IPRD (13,373) (913) (815) (1,159) (12,533)
Amortization of acquired intangible assets (8,872) (9,047) (9,595) (10,023) (9,688)
Operating income (loss) (7,486) 7,282 8,289 7,378 (9,185)
Interest expense (1,947) (1,166) (1,232) (1,334) (1,420)
Royalty income, divestitures 1,104 862 832 666 644
Royalty and licensing income 736 1,488 1,283 1,067 883
Provision for restructuring (635) (365) (75) (169) (530)
Investment income 478 449 171 39 121
Integration expenses (284) (242) (440) (564) (717)
Litigation and other settlements (84) 390 (178) (82) 194
Acquisition expense (50) (32)
Intangible asset impairment (47) (29)
Equity investment gains (losses), net 16 (160) (801) 745 1,228
Loss on debt redemption (266) (281)
Divestiture gains (losses) (15) 211 9 55
Other (165) (37) (81) 624 1,856
Other income (expense), net (893) 1,158 (576) 720 2,314
Earnings (loss) before income taxes (8,379) 8,440 7,713 8,098 (6,871)
Income tax provision (554) (400) (1,368) (1,084) (2,124)
Net earnings (loss) (8,933) 8,040 6,345 7,014 (8,995)
Noncontrolling interest (15) (15) (18) (20) (20)
Net earnings (loss) attributable to BMS (8,948) 8,025 6,327 6,994 (9,015)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Revenues 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. Bristol-Myers Squibb Co. revenues decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Bristol-Myers Squibb Co. operating income (loss) decreased from 2022 to 2023 and from 2023 to 2024.
Earnings (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. Bristol-Myers Squibb Co. earnings (loss) before income taxes increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net earnings (loss) attributable to BMS The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Bristol-Myers Squibb Co. net earnings (loss) attributable to BMS increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.