BRISTOL MYERS SQUIBB CO
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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FY2023 · Filed Feb 13, 2024
BMY$62.80+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earnings and Comprehensive Income
CONSOLIDATED STATEMENTS OF EARNINGS
Dollars in millions, except per share data
| Year Ended December 31, | |||
|---|---|---|---|
| EARNINGS | 2023 | 2022 | 2021 |
| Net product sales | $43,778 | $44,671 | $45,055 |
| Alliance and other revenues | 1,228 | 1,488 | 1,330 |
| Total Revenues | 45,006 | 46,159 | 46,385 |
| Cost of products sold(a) | 10,693 | 10,137 | 9,940 |
| Marketing, selling and administrative | 7,772 | 7,814 | 7,690 |
| Research and development | 9,299 | 9,509 | 10,195 |
| Acquired IPRD | 913 | 815 | 1,159 |
| Amortization of acquired intangible assets | 9,047 | 9,595 | 10,023 |
| Other (income)/expense, net | (1,158) | 576 | (720) |
| Total Expenses | 36,566 | 38,446 | 38,287 |
| Earnings Before Income Taxes | 8,440 | 7,713 | 8,098 |
| Provision for Income Taxes | 400 | 1,368 | 1,084 |
| Net Earnings | 8,040 | 6,345 | 7,014 |
| Noncontrolling Interest | 15 | 18 | 20 |
| Net Earnings Attributable to BMS | $8,025 | $6,327 | $6,994 |
| Earnings per Common Share | |||
| Basic | $3.88 | 2.97 | $3.15 |
| Diluted | 3.86 | 2.95 | 3.12 |
(a)Excludes amortization of acquired intangible assets.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Dollars in millions
| Year Ended December 31, | |||
|---|---|---|---|
| COMPREHENSIVE INCOME | 2023 | 2022 | 2021 |
| Net Earnings | $8,040 | $6,345 | $7,014 |
| Other Comprehensive Income/(Loss), net of taxes and reclassifications to earnings: | |||
| Derivatives qualifying as cash flow hedges | (230) | 54 | 415 |
| Pension and postretirement benefits | (115) | 145 | 206 |
| Marketable debt securities | 2 | (2) | (9) |
| Foreign currency translation | 78 | (210) | (41) |
| Total Other Comprehensive Income/(Loss) | (265) | (13) | 571 |
| Comprehensive Income | 7,775 | 6,332 | 7,585 |
| Comprehensive Income Attributable to Noncontrolling Interest | 15 | 18 | 20 |
| Comprehensive Income Attributable to BMS | $7,760 | $6,314 | $7,565 |
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