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.

Becton, Dickinson & Co., consolidated income statement

US$ in millions

12 months ended:	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Revenues	20,248)	17,117)	17,290)	15,983)	12,093)	12,483)
Cost of products sold	(10,821)	(9,540)	(9,002)	(8,721)	(6,151)	(6,492)
Gross profit	9,427)	7,577)	8,288)	7,262)	5,942)	5,991)
Selling and administrative expense	(4,867)	(4,325)	(4,332)	(4,015)	(2,925)	(3,005)
Research and development expense	(1,339)	(1,096)	(1,062)	(1,006)	(774)	(828)
Acquisitions and other restructurings	(185)	(309)	(480)	(744)	(354)	(728)
Other operating expense, net	(237)	(363)	(654)	—)	(411)	—)
Operating income	2,799)	1,484)	1,760)	1,497)	1,478)	1,430)
Interest expense	(469)	(528)	(639)	(706)	(521)	(388)
Interest income	9)	7)	12)	65)	76)	21)
Other investment gains, net	57)	13)	18)	8)	3)	8)
Deferred compensation	43)	24)	6)	3)	—)	—)
Net pension and postretirement benefit cost	(1)	7)	(2)	—)	—)	—)
Losses on undesignated foreign exchange derivatives, net	(13)	(17)	(23)	(14)	(11)	(3)
Losses on debt extinguishment	(178)	(8)	(59)	(16)	(73)	—)
Product related matters	(2)	(9)	—)	—)	—)	—)
Royalty and licensing income	—)	17)	64)	51)	—)	—)
Hurricane-related insurance proceeds	—)	—)	35)	—)	—)	—)
Vyaire Medical-related amounts and other income from divestitures	—)	—)	6)	288)	(3)	—)
Gains on previously held investments	—)	—)	—)	—)	24)	—)
Other	(3)	(5)	(2)	(3)	3)	6)
Other income (expense), net	(97)	22)	43)	317)	(57)	11)
Income before income taxes	2,242)	985)	1,176)	1,173)	976)	1,074)
Income tax (provision) benefit	(150)	(111)	57)	(862)	124)	(98)
Net income	2,092)	874)	1,233)	311)	1,100)	976)
Preferred stock dividends	(90)	(107)	(151)	(152)	(70)	—)
Net income applicable to common shareholders	2,002)	767)	1,082)	159)	1,030)	976)

Based on: 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), 10-K (reporting date: 2016-09-30).

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Income statement item	Description	The company
Revenues	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.	Becton, Dickinson & Co. revenues decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Becton, Dickinson & Co. operating income decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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.	Becton, Dickinson & Co. income before income taxes decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Becton, Dickinson & Co. net income decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Becton, Dickinson & Co. (NYSE:BDX)

Income Statement