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.

Moderna Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	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	1,757)	293)	1,828)	4,859)	3,120)	4,531)	5,925)	6,935)	4,810)	4,197)	1,733)	200)	—)	—)	—)	—)	—)	—)	—)
Cost of sales	(2,241)	(731)	(792)	(1,918)	(1,100)	(1,381)	(1,017)	(952)	(722)	(750)	(193)	(8)	—)	—)	—)	—)	—)	—)	—)
Gross profit (loss)	(484)	(438)	1,036)	2,941)	2,020)	3,150)	4,908)	5,983)	4,088)	3,447)	1,540)	192)	—)	—)	—)	—)	—)	—)	—)
Other revenue	74)	51)	34)	225)	244)	218)	141)	276)	159)	157)	204)	371)	158)	66)	8)	14)	17)	13)	16)
Research and development	(1,160)	(1,148)	(1,131)	(1,211)	(820)	(710)	(554)	(648)	(521)	(421)	(401)	(759)	(344)	(152)	(115)	(118)	(120)	(128)	(130)
Selling, general and administrative	(442)	(332)	(305)	(375)	(278)	(211)	(268)	(201)	(168)	(121)	(77)	(79)	(49)	(37)	(24)	(26)	(28)	(28)	(27)
Income (loss) from operations	(2,012)	(1,867)	(366)	1,580)	1,166)	2,447)	4,227)	5,410)	3,558)	3,062)	1,266)	(275)	(235)	(122)	(131)	(130)	(131)	(144)	(142)
Interest income	105)	104)	109)	87)	58)	40)	15)	7)	4)	3)	4)	4)	6)	7)	8)	8)	9)	10)	11)
Other income (expense), net	(51)	14)	(48)	(12)	(7)	(13)	(13)	(7)	(10)	(2)	(10)	—)	(3)	(2)	(1)	(2)	(2)	(2)	(2)
Income (loss) before income taxes	(1,958)	(1,749)	(305)	1,655)	1,217)	2,474)	4,229)	5,410)	3,552)	3,063)	1,260)	(271)	(233)	(117)	(124)	(123)	(123)	(135)	(133)
(Provision for) benefit from income taxes	(1,672)	369)	384)	(190)	(174)	(277)	(572)	(542)	(219)	(283)	(39)	(1)	(1)	—)	—)	—)	—)	—)	—)
Net Income (loss)	(3,630)	(1,380)	79)	1,465)	1,043)	2,197)	3,657)	4,868)	3,333)	2,780)	1,221)	(272)	(234)	(117)	(124)	(123)	(123)	(135)	(133)

Download chart

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.	Moderna Inc. net product sales decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 not reaching Q1 2023 level.
Income (loss) from operations	The net result for the period of deducting operating expenses from operating revenues.	Moderna Inc. income (loss) from operations decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Income (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.	Moderna Inc. income (loss) before income taxes decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Net Income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Moderna Inc. net Income (loss) decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Moderna Inc. (NASDAQ:MRNA)

Income StatementQuarterly Data

Income Statement
Quarterly Data