BRISTOL MYERS SQUIBB CO
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
BMY$62.14-1.6%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of Earnings and Comprehensive (Loss)/Income
CONSOLIDATED STATEMENTS OF EARNINGS
Dollars in millions, except per share data
| Three Months Ended March 31, | ||
|---|---|---|
| EARNINGS | 2024 | 2023 |
| Net product sales | $11,559 | $11,048 |
| Alliance and other revenues | 306 | 289 |
| Total Revenues | 11,865 | 11,337 |
| Cost of products sold(a) | 2,932 | 2,566 |
| Marketing, selling and administrative | 2,367 | 1,762 |
| Research and development | 2,695 | 2,321 |
| Acquired IPRD | 12,949 | 75 |
| Amortization of acquired intangible assets | 2,357 | 2,256 |
| Other (income)/expense, net | 81 | (413) |
| Total Expenses | 23,381 | 8,567 |
| (Loss)/Earnings before income taxes | (11,516) | 2,770 |
| Income tax provision | 392 | 503 |
| Net (loss)/earnings | (11,908) | 2,267 |
| Noncontrolling interest | 3 | 5 |
| Net (loss)/earnings attributable to BMS | $(11,911) | $2,262 |
| (Loss)/Earnings per common share: | ||
| Basic | $(5.89) | $1.08 |
| Diluted | (5.89) | 1.07 |
(a)Excludes amortization of acquired intangible assets.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME
| Three Months Ended March 31, | ||
|---|---|---|
| COMPREHENSIVE (LOSS)/INCOME | 2024 | 2023 |
| Net (loss)/earnings | $(11,908) | $2,267 |
| Other comprehensive income/(loss), net of taxes and reclassifications to earnings: | ||
| Derivatives qualifying as cash flow hedges | 191 | (124) |
| Pension and postretirement benefits | 13 | — |
| Marketable debt securities | (2) | — |
| Foreign currency translation | (56) | 37 |
| Total Other comprehensive income/(loss) | 146 | (87) |
| Comprehensive (loss)/income | (11,762) | 2,180 |
| Comprehensive income attributable to noncontrolling interest | 3 | 5 |
| Comprehensive (loss)/income attributable to BMS | $(11,765) | $2,175 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.