Solventum Corp
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
SOLV$90.08-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Year ended December 31, | |||
|---|---|---|---|
| (Millions, except per share data) | 2024 | 2023 | 2022 |
| Net sales of product | $6,348 | $6,296 | $6,300 |
| Net sales of software and rentals | 1,906 | 1,901 | 1,830 |
| Total net sales | 8,254 | 8,197 | 8,130 |
| Cost of product | 3,172 | 3,023 | 2,953 |
| Cost of software and rentals | 489 | 481 | 482 |
| Gross profit | 4,593 | 4,693 | 4,695 |
| Selling, general and administrative expenses | 2,782 | 2,243 | 2,235 |
| Research and development expenses | 775 | 758 | 767 |
| Operating income | 1,036 | 1,692 | 1,693 |
| Interest expense, net | 367 | — | — |
| Other expense (income), net | 64 | 25 | 1 |
| Income before income taxes | 605 | 1,667 | 1,692 |
| Provision for income taxes | 127 | 321 | 349 |
| Net income | $479 | $1,346 | $1,343 |
| Earnings per share: | |||
| Basic earnings per share | $2.77 | $7.79 | $7.78 |
| Diluted earnings per share | 2.76 | 7.79 | 7.78 |
| Weighted-average number of shares outstanding: | |||
| Basic | 173.2 | 172.7 | 172.7 |
| Diluted | 173.7 | 172.7 | 172.7 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.