Stock Analysis on Net
Stock Analysis on Net
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Gilead Sciences Inc. (NASDAQ:GILD)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Gilead Sciences Inc., current enterprise value calculation

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Current share price (P) $61.40
No. shares of common stock outstanding 1,253,528,149
US$ in millions
Common equity (market value)1 76,967 
Add: Preferred stock, par value $0.001 per share; none outstanding (per books) — 
Add: Noncontrolling interest (per books) 125 
Total equity 77,092 
Add: Current portion of long-term debt and other obligations, net (per books) 2,499 
Add: Long-term debt, net, excluding current portion (per books) 22,094 
Total equity and debt 101,685 
Less: Cash and cash equivalents 11,631 
Less: Short-term marketable securities 12,721 
Enterprise value (EV) 77,333 

Based on: 10-K (filing date: 2020-02-25).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 61.40 × 1,253,528,149


Historical Enterprise Value (EV)

Gilead Sciences Inc., EV calculation

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Share price1, 2 $70.10 $65.28 $80.36 $70.50 $89.36
No. shares of common stock outstanding1 1,263,636,656 1,275,510,558 1,309,967,781 1,307,066,900 1,366,845,691
US$ in millions
Common equity (market value)3 88,581  83,265  105,269  92,148  122,141 
Add: Preferred stock, par value $0.001 per share; none outstanding (book value) —  —  —  —  — 
Add: Noncontrolling interest (book value) 125  147  59  476  579 
Total equity 88,706  83,412  105,328  92,624  122,720 
Add: Current portion of long-term debt and other obligations, net (book value) 2,499  2,748  2,747  —  983 
Add: Long-term debt, net, excluding current portion (book value) 22,094  24,574  30,795  26,346  21,195 
Total equity and debt 113,299  110,734  138,870  118,970  144,898 
Less: Cash and cash equivalents 11,631  17,940  7,588  8,229  12,851 
Less: Short-term marketable securities 12,721  12,149  17,922  3,666  1,756 
Enterprise value (EV) 88,947  80,645  113,360  107,075  130,291 

Based on: 10-K (filing date: 2020-02-25), 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Gilead Sciences Inc.’s Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 70.10 × 1,263,636,656

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Gilead Sciences Inc.’s EV decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.