Organon & Co.
For the period ended Jun 30, 2024. Filed Aug 7, 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 7, 2024
OGN$13.89+0.3%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 Income
(Unaudited, $ in millions except shares in thousands and per share amounts)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $1,607 | $1,608 | $3,229 | $3,146 |
| Cost of sales | 668 | 640 | 1,333 | 1,220 |
| Gross profit | 939 | 968 | 1,896 | 1,926 |
| Selling, general and administrative | 437 | 451 | 868 | 886 |
| Research and development | 116 | 128 | 228 | 257 |
| Acquired in-process research and development and milestones | 15 | — | 30 | 8 |
| Restructuring costs | — | — | 23 | 4 |
| Interest expense | 131 | 132 | 262 | 264 |
| Exchange (gains) losses | (1) | 2 | 5 | 11 |
| Other expense, net | 6 | 1 | 9 | 7 |
| Income before income taxes | 235 | 254 | 471 | 489 |
| Taxes on income | 40 | 12 | 75 | 70 |
| Net income | $195 | $242 | $396 | $419 |
| Earnings per share: | ||||
| Basic | $0.76 | $0.95 | $1.54 | $1.64 |
| Diluted | $0.75 | $0.95 | $1.53 | $1.64 |
| Weighted average shares outstanding: | ||||
| Basic | 257,288 | 255,341 | 256,492 | 254,869 |
| Diluted | 258,598 | 255,953 | 258,480 | 256,064 |
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