Stock Analysis on Net
Stock Analysis on Net

Becton, Dickinson & Co. (NYSE:BDX)

Income Statement
Quarterly Data

Beginner level

The income statement presents information on the financial results of a company’s 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 (quarterly data)

US$ in millions

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3 months ended: Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014
Revenues 4,784  3,855  4,253  4,225  4,585  4,350  4,195  4,160  4,403  4,278  4,222  3,080  3,167  3,035  2,969  2,922  3,232  3,198  3,067  2,986  3,060  3,120  2,051  2,051 
Cost of products sold (2,578) (2,195) (2,520) (2,247) (2,318) (2,276) (2,221) (2,187) (2,312) (2,261) (2,618) (1,530) (1,613) (1,531) (1,537) (1,470) (1,679) (1,651) (1,584) (1,578) (1,630) (1,946) (1,005) (1,006)
Gross profit 2,206  1,660  1,733  1,978  2,267  2,074  1,974  1,973  2,091  2,017  1,604  1,550  1,554  1,504  1,432  1,452  1,553  1,547  1,483  1,408  1,430  1,174  1,046  1,045 
Selling and administrative expense (1,199) (980) (1,025) (1,121) (1,094) (1,076) (1,089) (1,073) (1,103) (1,081) (1,057) (774) (773) (719) (724) (709) (797) (728) (732) (748) (757) (751) (511) (544)
Research and development expense (300) (262) (264) (270) (270) (282) (252) (258) (277) (277) (260) (192) (219) (186) (187) (182) (252) (207) (182) (187) (196) (178) (129) (129)
Acquisitions and other restructurings (74) (74) (75) (86) (198) (90) (101) (91) (140) (146) (104) (354) (110) (81) (76) (87) (407) (96) (104) (121) (182) (108) (113) (23)
Other operating income (expense), net (378) 14  —  (595) —  (396) 337  —  —  —  —  (8) (741) 337  (1) —  —  —  —  —  — 
Operating income (loss) 255  358  370  501  110  626  136  888  571  513  183  230  444  (223) 446  811  96  516  466  352  295  137  293  349 
Interest expense (123) (135) (134) (136) (141) (156) (171) (171) (181) (182) (185) (158) (156) (184) (86) (95) (95) (97) (99) (97) (99) (105) (91) (76)
Interest income 18  (12) 44  45  19  (5) 10 
Other income (expense), net 23  (38) 28  26  (12) 20  16  308  (11) (7) (16) (5) (29) (2) (1) 15 
Income (loss) before income taxes 143  248  200  394  (1) 460  714  415  647  105  326  (404) 362  692  10  422  376  266  190  39  225  285 
Income tax (provision) benefit (16) 38  (17) (116) 164  (9) 17  (115) (550) (53) (18) (241) —  272  (18) (130) (32) (38) (37) (9) 23  (9) (49)
Net income (loss) 127  286  183  278  163  451  20  599  (135) 594  (12) (136) 326  (132) 344  562  19  390  338  229  181  62  216  236 
Preferred stock dividends (22) (9) (38) (38) (38) (38) (38) (37) (38) (38) (38) (38) (37) (33) —  —  —  —  —  —  —  —  —  — 
Net income (loss) applicable to common shareholders 105  277  145  240  125  413  (18) 562  (173) 556  (50) (174) 289  (165) 344  562  19  390  338  229  181  62  216  236 

Based on: 10-K (filing date: 2020-11-25), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-07), 10-Q (filing date: 2020-02-06), 10-K (filing date: 2019-11-27), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-09), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-02-02), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-06), 10-Q (filing date: 2016-02-05), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-08), 10-Q (filing date: 2015-02-06).

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.’s revenues decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Becton, Dickinson & Co.’s operating income (loss) decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
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. Becton, Dickinson & Co.’s income (loss) before income taxes increased from Q2 2020 to Q3 2020 but then decreased significantly from Q3 2020 to Q4 2020.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Becton, Dickinson & Co.’s net income (loss) increased from Q2 2020 to Q3 2020 but then decreased significantly from Q3 2020 to Q4 2020.