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Income Statement

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Bristol-Myers Squibb Co., Consolidated Income Statement

USD $ in millions

 
12 months ended Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Net product sales
Alliance and other revenues
Revenues
Cost of products sold
Gross margin
Marketing, selling and administrative
Research and development
Operating income
Interest expense
Interest income
Provision for restructuring
Litigation and other settlements
Equity in net income of affiliates
Divestiture gains
Royalties and licensing income
Transition and other service fees
Other alliance and licensing income
Pension charges
Intangible asset impairment
Equity investment impairment
Written option adjustment
Loss on debt redemption
Other
Other income (expense), net
Earnings before income taxes
Provision for income taxes
Net earnings
Noncontrolling interest
Net earnings attributable to BMS
Source: Bristol-Myers Squibb Co., Annual Reports
Item Description The company
Revenues Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Bristol-Myers Squibb Co.'s revenues increased from 2015 to 2016 and from 2016 to 2017.
Operating income The net result for the period of deducting operating expenses from operating revenues. Bristol-Myers Squibb Co.'s operating income increased from 2015 to 2016 but then slightly declined from 2016 to 2017.
Earnings before income taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Bristol-Myers Squibb Co.'s earnings before income taxes increased from 2015 to 2016 but then slightly declined from 2016 to 2017.
Net earnings The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Bristol-Myers Squibb Co.'s net earnings increased from 2015 to 2016 but then declined significantly from 2016 to 2017.
Net earnings attributable to BMS The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Bristol-Myers Squibb Co.'s net earnings attributable to BMS increased from 2015 to 2016 but then declined significantly from 2016 to 2017.

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