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The income statement presents information on the financial results of a company's 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.
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Bristol-Myers Squibb Co., Consolidated Income Statement
USD $ in millions

| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Net sales | ![]() |
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Cost of products sold | ![]() |
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Gross profit | ![]() |
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Marketing, selling and administrative | ![]() |
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Advertising and product promotion | ![]() |
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Research and development | ![]() |
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Acquired in-process research and development | ![]() |
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Provision for restructuring | ![]() |
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Litigation expense, net | ![]() |
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Operating income | ![]() |
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Equity in net income of affiliates | ![]() |
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Gain on sale of ImClone shares | ![]() |
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Interest expense | ![]() |
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Interest income | ![]() |
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Impairment and loss on sale of manufacturing operations | ![]() |
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Gain on sale of product lines, businesses and assets | ![]() |
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Other income received from alliance partners | ![]() |
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Pension curtailment and settlement charges | ![]() |
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Litigation (charges) recoveries | ![]() |
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Product liability (charges) recoveries | ![]() |
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Other | ![]() |
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Other income (expense) | ![]() |
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Earnings from continuing operations before income taxes | ![]() |
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Provision for income taxes | ![]() |
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Net earnings from continuing operations | ![]() |
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Net earnings from discontinued operations | ![]() |
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Net earnings | ![]() |
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Net earnings attributable to noncontrolling interest | ![]() |
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Net earnings attributable to Bristol-Myers Squibb Company | ![]() |
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| Item | Description | The company |
|---|---|---|
| Net sales | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Bristol-Myers Squibb Co.'s net sales increased from 2009 to 2010 and from 2010 to 2011. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Bristol-Myers Squibb Co.'s operating income increased from 2009 to 2010 and from 2010 to 2011. |
| Earnings from continuing operations before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Bristol-Myers Squibb Co.'s earnings from continuing operations before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Bristol-Myers Squibb Co.'s net earnings from continuing operations increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Bristol-Myers Squibb Co.'s net earnings declined from 2009 to 2010 but then slightly increased from 2010 to 2011. |
| Net earnings attributable to Bristol-Myers Squibb Company | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Bristol-Myers Squibb Co.'s net earnings attributable to Bristol-Myers Squibb Company declined from 2009 to 2010 but then slightly increased from 2010 to 2011. |
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