Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

Income Statement 
Quarterly Data

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.

Procter & Gamble Co., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Net sales 21,737 20,532 20,195 21,441 21,871 20,553 20,068 20,773 20,612 19,515 19,381 20,953 20,338 18,946 18,109 19,745 19,318 17,698 17,214 18,240 17,798 17,094 16,462 17,438 16,690
Cost of products sold (10,421) (10,349) (9,855) (10,144) (10,500) (10,613) (10,404) (10,897) (10,846) (10,802) (10,326) (10,664) (10,365) (9,791) (8,922) (9,253) (9,142) (8,942) (8,716) (8,869) (8,723) (8,938) (8,427) (8,919) (8,484)
Gross profit 11,316 10,183 10,340 11,297 11,371 9,940 9,664 9,876 9,766 8,713 9,055 10,289 9,973 9,155 9,187 10,492 10,176 8,756 8,498 9,371 9,075 8,156 8,035 8,519 8,206
Selling, general and administrative expense (5,519) (6,299) (5,880) (5,522) (5,604) (5,778) (5,416) (5,091) (4,827) (5,115) (5,031) (5,121) (4,950) (5,615) (5,402) (5,112) (4,895) (5,275) (5,045) (4,889) (4,785) (5,003) (4,806) (4,623) (4,652)
Indefinite-lived intangible asset impairment charge (1,341) (8,345)
Operating income 5,797 3,884 4,460 4,434 5,767 4,162 4,248 4,785 4,939 3,598 4,024 5,168 5,023 3,540 3,785 5,380 5,281 3,481 3,453 4,482 4,290 (5,192) 3,229 3,896 3,554
Interest expense (238) (219) (233) (248) (225) (240) (222) (171) (123) (115) (109) (106) (109) (117) (106) (143) (136) (157) (100) (100) (108) (111) (131) (138) (129)
Interest income 135 108 104 133 128 116 83 66 42 21 9 10 11 15 11 9 10 22 39 36 58 52 52 63 53
Other non-operating income (expense), net (554) 98 261 177 132 195 179 155 139 146 147 167 110 126 187 (369) 142 115 106 114 103 186 128 95 462
Earnings before income taxes 5,140 3,871 4,592 4,496 5,802 4,233 4,288 4,835 4,997 3,650 4,071 5,239 5,035 3,564 3,877 4,877 5,297 3,461 3,498 4,532 4,343 (5,065) 3,278 3,916 3,940
Income taxes (1,153) (727) (811) (1,003) (1,246) (841) (864) (876) (1,034) (592) (704) (997) (909) (656) (628) (990) (989) (675) (541) (789) (726) (172) (502) (700) (729)
Net earnings 3,987 3,144 3,781 3,493 4,556 3,392 3,424 3,959 3,963 3,058 3,367 4,242 4,126 2,908 3,249 3,887 4,308 2,786 2,957 3,743 3,617 (5,237) 2,776 3,216 3,211
Net (earnings) loss attributable to noncontrolling interests (28) (8) (27) (25) (35) (8) (27) (26) (24) (6) (12) (19) (14) (2) 20 (33) (31) 14 (40) (26) (24) (4) (31) (22) (12)
Net earnings attributable to Procter & Gamble (P&G) 3,959 3,136 3,754 3,468 4,521 3,384 3,397 3,933 3,939 3,052 3,355 4,223 4,112 2,906 3,269 3,854 4,277 2,800 2,917 3,717 3,593 (5,241) 2,745 3,194 3,199
Preferred dividends (72) (74) (69) (70) (71) (72) (69) (70) (71) (73) (68) (70) (70) (74) (65) (66) (66) (70) (64) (64) (65) (68) (64) (65) (66)
Net earnings attributable to P&G available to common shareholders 3,887 3,062 3,685 3,398 4,450 3,312 3,328 3,863 3,868 2,979 3,287 4,153 4,042 2,832 3,204 3,788 4,211 2,730 2,853 3,653 3,528 (5,309) 2,681 3,129 3,133

Based on: 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

Income statement item Description The company
Net 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. Procter & Gamble Co. net sales increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Operating income The net result for the period of deducting operating expenses from operating revenues. Procter & Gamble Co. operating income decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 exceeding Q3 2024 level.
Earnings 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. Procter & Gamble Co. earnings before income taxes decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 exceeding Q3 2024 level.
Net earnings attributable to Procter & Gamble (P&G) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Procter & Gamble Co. net earnings attributable to Procter & Gamble (P&G) decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 exceeding Q3 2024 level.