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.

Bristol-Myers Squibb Co., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	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
Net product sales	11,168)	10,645)	10,917)	11,048)	11,065)	10,813)	11,485)	11,308)	11,609)	11,243)	11,405)	10,798)	10,766)	10,197)	9,817)	10,541)	7,662)	5,768)	6,031)	5,713)
Alliance and other revenues	309)	321)	309)	289)	341)	405)	402)	340)	376)	381)	298)	275)	302)	343)	312)	240)	283)	239)	242)	207)
Revenues	11,477)	10,966)	11,226)	11,337)	11,406)	11,218)	11,887)	11,648)	11,985)	11,624)	11,703)	11,073)	11,068)	10,540)	10,129)	10,781)	7,945)	6,007)	6,273)	5,920)
Cost of products sold, excludes amortization of acquired intangible assets	(2,745)	(2,506)	(2,876)	(2,566)	(2,593)	(2,353)	(2,720)	(2,471)	(2,356)	(2,291)	(2,452)	(2,841)	(2,910)	(2,502)	(2,699)	(3,662)	(2,492)	(1,790)	(1,972)	(1,824)
Gross margin	8,732)	8,460)	8,350)	8,771)	8,813)	8,865)	9,167)	9,177)	9,629)	9,333)	9,251)	8,232)	8,158)	8,038)	7,430)	7,119)	5,453)	4,217)	4,301)	4,096)
Marketing, selling and administrative	(2,073)	(2,003)	(1,934)	(1,762)	(2,266)	(1,930)	(1,787)	(1,831)	(2,354)	(1,788)	(1,882)	(1,666)	(2,721)	(1,706)	(1,628)	(1,606)	(1,734)	(1,055)	(1,076)	(1,006)
Research and development	(2,478)	(2,242)	(2,258)	(2,321)	(2,510)	(2,418)	(2,321)	(2,260)	(2,518)	(2,980)	(2,478)	(2,219)	(3,750)	(2,499)	(2,522)	(2,372)	(2,097)	(1,378)	(1,325)	(1,348)
Acquired IPRD	(600)	(80)	(158)	(75)	(52)	(30)	(400)	(333)	(89)	(271)	(793)	(6)	(11,438)	—)	—)	—)	—)	—)	—)	—)
Amortization of acquired intangible assets	(2,278)	(2,256)	(2,257)	(2,256)	(2,343)	(2,418)	(2,417)	(2,417)	(2,417)	(2,546)	(2,547)	(2,513)	(2,526)	(2,491)	(2,389)	(2,282)	(1,062)	(25)	(24)	(24)
Operating income (loss)	1,303)	1,879)	1,743)	2,357)	1,642)	2,069)	2,242)	2,336)	2,251)	1,748)	1,551)	1,828)	(12,277)	1,342)	891)	859)	560)	1,759)	1,876)	1,718)
Other income (expense), net	371)	258)	116)	413)	217)	140)	(284)	(649)	(393)	409)	2)	702)	1,826)	915)	736)	(1,163)	(689)	(410)	(100)	261)
Earnings (loss) before income taxes	1,674)	2,137)	1,859)	2,770)	1,859)	2,209)	1,958)	1,687)	1,858)	2,157)	1,553)	2,530)	(10,451)	2,257)	1,627)	(304)	(129)	1,349)	1,776)	1,979)
Income tax (provision) benefit	88)	(203)	218)	(503)	166)	(601)	(529)	(404)	514)	(605)	(492)	(501)	424)	(379)	(1,707)	(462)	(931)	17)	(337)	(264)
Net earnings (loss)	1,762)	1,934)	2,077)	2,267)	2,025)	1,608)	1,429)	1,283)	2,372)	1,552)	1,061)	2,029)	(10,027)	1,878)	(80)	(766)	(1,060)	1,366)	1,439)	1,715)
Noncontrolling interest	—)	(6)	(4)	(5)	(3)	(2)	(8)	(5)	—)	(6)	(6)	(8)	—)	(6)	(5)	(9)	4)	(13)	(7)	(5)
Net earnings (loss) attributable to BMS	1,762)	1,928)	2,073)	2,262)	2,022)	1,606)	1,421)	1,278)	2,372)	1,546)	1,055)	2,021)	(10,027)	1,872)	(85)	(775)	(1,056)	1,353)	1,432)	1,710)

Download chart

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 Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Bristol-Myers Squibb Co. operating income (loss) increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
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 Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
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 decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Bristol-Myers Squibb Co. (NYSE:BMY)

Income StatementQuarterly Data

Income Statement
Quarterly Data