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Income Statement Quarterly Data

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Amgen Inc., Consolidated Income Statement (quarterly data)

USD $ in millions

 
3 months ended Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Product sales
Cost of sales
Gross profit from product sales
Other revenues
Research and development
Selling, general and administrative
Other
Operating income
Interest expense, net
Interest and other income, net
Income before income taxes
(Provision) benefit for income taxes
Net income
Source: Amgen Inc., Quarterly and Annual Reports
Item Description The company
Product 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. Amgen Inc.'s product sales increased from Q3 2017 to Q4 2017 but then declined significantly from Q4 2017 to Q1 2018.
Operating income The net result for the period of deducting operating expenses from operating revenues. Amgen Inc.'s operating income declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
Income 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. Amgen Inc.'s income before income taxes declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
Net income 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. Amgen Inc.'s net income declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.

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