Income Statement

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.

Celgene Corp., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Net product sales	15,265)	12,973)	11,185)	9,161)	7,564)
Cost of goods sold, excluding amortization of acquired intangible assets	(587)	(461)	(438)	(420)	(386)
Gross profit	14,678)	12,512)	10,747)	8,741)	7,178)
Other revenue	16)	30)	45)	95)	107)
Research and development	(5,673)	(5,915)	(4,470)	(3,697)	(2,431)
Selling, general and administrative	(3,250)	(2,941)	(2,658)	(2,305)	(2,028)
Amortization of acquired intangible assets	(468)	(329)	(459)	(279)	(258)
Acquisition related gains (charges) and restructuring, net	(112)	1,350)	(38)	(300)	(49)
Operating income	5,191)	4,707)	3,167)	2,255)	2,519)
Interest and investment income, net	45)	105)	30)	31)	28)
Interest expense	(741)	(522)	(500)	(311)	(176)
Other income (expense), net	337)	24)	(324)	48)	(44)
Other income and expense	(359)	(393)	(794)	(231)	(192)
Income before income taxes	4,832)	4,314)	2,373)	2,024)	2,327)
Income tax provision	(786)	(1,374)	(373)	(422)	(328)
Net income	4,046)	2,940)	1,999)	1,602)	2,000)

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

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Income statement item	Description	The company
Net product 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.	Celgene Corp. net product sales increased from 2016 to 2017 and from 2017 to 2018.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Celgene Corp. operating income increased from 2016 to 2017 and from 2017 to 2018.
Income 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.	Celgene Corp. income before income taxes increased from 2016 to 2017 and from 2017 to 2018.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Celgene Corp. net income increased from 2016 to 2017 and from 2017 to 2018.

Celgene Corp. (NASDAQ:CELG)

Income Statement