PFIZER INC
For the period ended Jun 30, 2024. Filed Aug 5, 2024.
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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, 2024 · Filed Aug 5, 2024
PFE$29.36+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| (MILLIONS, EXCEPT PER SHARE DATA) | June 30,2024 | July 2,2023 | June 30,2024 | July 2,2023 |
| Revenues: | ||||
| Product revenues(a) | $10,871 | $10,766 | $23,314 | $26,988 |
| Alliance revenues(a) | 2,067 | 1,967 | 4,240 | 4,028 |
| Royalty revenues(a) | 345 | 273 | 608 | 477 |
| Total revenues | 13,283 | 13,007 | 28,162 | 31,492 |
| Costs and expenses: | ||||
| Cost of sales(b) | 3,300 | 3,237 | 6,679 | 8,122 |
| Selling, informational and administrative expenses(b) | 3,717 | 3,497 | 7,212 | 6,914 |
| Research and development expenses(b) | 2,696 | 2,648 | 5,189 | 5,153 |
| Acquired in-process research and development expenses | 6 | 33 | 6 | 55 |
| Amortization of intangible assets | 1,307 | 1,184 | 2,615 | 2,287 |
| Restructuring charges and certain acquisition-related costs | 1,254 | 214 | 1,356 | 222 |
| Other (income)/deductions––net | 1,107 | (75) | 1,787 | 200 |
| Income/(loss) from continuing operations before provision/(benefit) for taxes on income/(loss) | (103) | 2,269 | 3,318 | 8,539 |
| Provision/(benefit) for taxes on income/(loss) | (134) | (71) | 159 | 644 |
| Income from continuing operations | 31 | 2,340 | 3,159 | 7,895 |
| Discontinued operations––net of tax | 17 | (2) | 12 | (1) |
| Net income before allocation to noncontrolling interests | 48 | 2,338 | 3,171 | 7,894 |
| Less: Net income attributable to noncontrolling interests | 7 | 11 | 15 | 24 |
| Net income attributable to Pfizer Inc. common shareholders | $41 | $2,327 | $3,156 | $7,870 |
| Earnings per common share––basic: | ||||
| Income from continuing operations attributable to Pfizer Inc. common shareholders | $0.01 | $0.41 | $0.56 | $1.40 |
| Discontinued operations––net of tax | — | — | — | — |
| Net income attributable to Pfizer Inc. common shareholders | $0.01 | $0.41 | $0.56 | $1.40 |
| Earnings per common share––diluted: | ||||
| Income from continuing operations attributable to Pfizer Inc. common shareholders | $0.01 | $0.41 | $0.55 | $1.38 |
| Discontinued operations––net of tax | — | — | — | — |
| Net income attributable to Pfizer Inc. common shareholders | $0.01 | $0.41 | $0.55 | $1.38 |
| Weighted-average shares––basic | 5,666 | 5,646 | 5,662 | 5,640 |
| Weighted-average shares––diluted | 5,696 | 5,713 | 5,696 | 5,720 |
(a)See Note 1A.
(b)Exclusive of amortization of intangible assets.
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