BRISTOL MYERS SQUIBB CO
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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.
Jun 30, 2025 · Filed Jul 31, 2025
BMY$62.14-1.6%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of Earnings and Comprehensive Income/(Loss)
CONSOLIDATED STATEMENTS OF EARNINGS
Dollars in millions, except per share data
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net product sales | $11,909 | $11,925 | $22,794 | $23,484 |
| Alliance and other revenues | 360 | 276 | 676 | 582 |
| Total Revenues | 12,269 | 12,201 | 23,470 | 24,066 |
| Cost of products sold(a) | 3,372 | 3,267 | 6,404 | 6,199 |
| Selling, general and administrative | 1,713 | 1,928 | 3,297 | 4,295 |
| Research and development | 2,580 | 2,899 | 4,837 | 5,594 |
| Acquired IPRD | 1,508 | 132 | 1,695 | 13,081 |
| Amortization of acquired intangible assets | 830 | 2,416 | 1,660 | 4,773 |
| Other (income)/expense, net | 494 | 273 | 833 | 354 |
| Total Expenses | 10,496 | 10,915 | 18,726 | 34,296 |
| Earnings/(Loss) before income taxes | 1,773 | 1,286 | 4,744 | (10,230) |
| Income tax provision/(benefit) | 460 | (398) | 969 | (6) |
| Net earnings/(loss) | 1,313 | 1,684 | 3,775 | (10,224) |
| Noncontrolling interest | 2 | 4 | 9 | 7 |
| Net earnings/(loss) attributable to BMS | $1,310 | $1,680 | $3,766 | $(10,231) |
| Earnings/(Loss) per common share: | ||||
| Basic | $0.64 | $0.83 | $1.85 | $(5.05) |
| Diluted | 0.64 | 0.83 | 1.85 | (5.05) |
(a)Excludes amortization of acquired intangible assets.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net earnings/(loss) | $1,313 | $1,684 | $3,775 | $(10,224) |
| Other comprehensive income/(loss), net of taxes and reclassifications to earnings: | ||||
| Derivatives qualifying as cash flow hedges | (228) | 54 | (443) | 245 |
| Pension and postretirement benefits | 2 | (64) | 3 | (51) |
| Marketable debt securities | 1 | — | 1 | (2) |
| Foreign currency translation | 95 | (46) | 122 | (102) |
| Total other comprehensive income/(loss) | (130) | (56) | (316) | 90 |
| Comprehensive income/(loss) | 1,183 | 1,628 | 3,459 | (10,134) |
| Comprehensive income attributable to noncontrolling interest | 2 | 4 | 9 | 7 |
| Comprehensive income/(loss) attributable to BMS | $1,181 | $1,624 | $3,450 | $(10,141) |
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