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.

AmerisourceBergen Corp., consolidated income statement

US$ in thousands

12 months ended:	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Revenue	238,587,006)	213,988,843)	189,893,926)	179,589,121)	167,939,635)	153,143,826)
Cost of goods sold	(230,290,639)	(207,045,615)	(184,702,042)	(174,450,809)	(163,327,318)	(148,597,824)
Gross profit	8,296,367)	6,943,228)	5,191,884)	5,138,312)	4,612,317)	4,546,002)
Distribution, selling, and administrative	(4,848,962)	(3,594,251)	(2,767,217)	(2,663,508)	(2,460,301)	(2,128,730)
Depreciation	(386,595)	(326,824)	(280,187)	(294,965)	(283,971)	(237,100)
Amortization	(307,300)	(178,348)	(110,875)	(167,442)	(181,156)	(160,503)
Litigation and opioid-related expenses	(123,191)	(272,623)	(6,722,346)	(330,474)	(183,520)	(959,327)
Acquisition, integration, and restructuring expenses	(183,059)	(199,288)	(84,961)	—)	—)	—)
Goodwill impairment	(75,936)	(6,373)	—)	—)	(59,684)	—)
Impairment of assets	(4,946)	(11,324)	(361,652)	(570,000)	—)	—)
Operating expenses	(5,929,989)	(4,589,031)	(10,327,238)	(4,026,389)	(3,168,632)	(3,485,660)
Operating income (loss)	2,366,378)	2,354,197)	(5,135,354)	1,111,923)	1,443,685)	1,060,342)
Other income (loss), net	27,352)	41,736)	1,581)	12,952)	(25,469)	2,730)
Interest expense	(231,982)	(182,544)	(158,522)	(195,474)	(189,640)	(149,042)
Interest income	21,309)	8,470)	20,639)	37,705)	14,941)	3,857)
Interest expense, net	(210,673)	(174,074)	(137,883)	(157,769)	(174,699)	(145,185)
Loss on consolidation of equity investments	—)	—)	—)	—)	(42,328)	—)
Loss on early retirement of debt	—)	—)	(22,175)	—)	(23,766)	—)
Income (loss) before income taxes	2,183,057)	2,221,859)	(5,293,831)	967,106)	1,177,423)	917,887)
Income tax (expense) benefit	(516,517)	(677,251)	1,894,273)	(112,971)	438,469)	(553,403)
Net income (loss)	1,666,540)	1,544,608)	(3,399,558)	854,135)	1,615,892)	364,484)
Net (income) loss attributable to noncontrolling interests	32,280)	(4,676)	(9,158)	1,230)	42,513)	—)
Net income (loss) attributable to AmerisourceBergen Corporation	1,698,820)	1,539,932)	(3,408,716)	855,365)	1,658,405)	364,484)

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

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Income statement item	Description	The company
Revenue	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.	AmerisourceBergen Corp. revenue increased from 2020 to 2021 and from 2021 to 2022.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	AmerisourceBergen Corp. operating income (loss) increased from 2020 to 2021 and from 2021 to 2022.
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.	AmerisourceBergen Corp. income (loss) before income taxes increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Net income (loss) attributable to AmerisourceBergen Corporation	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	AmerisourceBergen Corp. net income (loss) attributable to AmerisourceBergen Corporation increased from 2020 to 2021 and from 2021 to 2022.

AmerisourceBergen Corp. (NYSE:ABC)

Income Statement