Stock Analysis on Net

Merck & Co. Inc. (NYSE:MRK)

Income Statement 

Merck & Co. Inc., 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
Sales 64,168 60,115 59,283 48,704 47,994
Cost of sales (15,193) (16,126) (17,411) (13,626) (15,485)
Gross profit 48,975 43,989 41,872 35,078 32,509
Selling, general and administrative (10,816) (10,504) (10,042) (9,634) (10,468)
Research and development (17,938) (30,531) (13,548) (12,245) (13,558)
Restructuring costs (309) (599) (337) (661) (578)
Operating income 19,912 2,355 17,945 12,538 7,905
Interest income 415 365 157 36 59
Interest expense (1,271) (1,146) (962) (806) (831)
Exchange losses (227) (370) (237) (297) (145)
Income (loss) from investments in equity securities, net 14 340 (1,419) 1,940 1,338
Net periodic defined benefit plan credit other than service cost 633 498 279 212 339
Other, net 460 (153) 681 256 126
Other income (expense), net 24 (466) (1,501) 1,341 886
Income from continuing operations before taxes 19,936 1,889 16,444 13,879 8,791
Taxes on income from continuing operations (2,803) (1,512) (1,918) (1,521) (1,709)
Net income from continuing operations 17,133 377 14,526 12,358 7,082
Income from discontinued operations, net of taxes 704
Net income 17,133 377 14,526 13,062 7,082
Net income attributable to noncontrolling interests (16) (12) (7) (13) (15)
Net income attributable to Merck & Co., Inc. 17,117 365 14,519 13,049 7,067

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
Sales 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. Merck & Co. Inc. sales increased from 2022 to 2023 and from 2023 to 2024.
Operating income The net result for the period of deducting operating expenses from operating revenues. Merck & Co. Inc. operating income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Income from continuing operations before 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. Merck & Co. Inc. income from continuing operations before taxes decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net income attributable to Merck & Co., Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Merck & Co. Inc. net income attributable to Merck & Co., Inc. decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.