BRISTOL-MYERS SQUIBB COMPANY (BMY) FY2025 Q1 P&L / Income Statement

BRISTOL-MYERS SQUIBB COMPANY (BMY) FY2025 Q1 P&L / Income Statement

Income statement for 2025-01-01 through 2025-03-31. View: Product and service (Reconciliation of Gross Product Sales to Net Product Sales). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total Revenues

11,201,000,000 US dollars

Cost of products sold

3,033,000,000 US dollars

Gross profit (calculated)

8,168,000,000 US dollars

Operating expenses (calculated)

5,197,000,000 US dollars

Operating profit (calculated)

2,971,000,000 US dollars

Other income (expense), net (calculated)

0 US dollars

Earnings/(Loss) before income taxes

2,971,000,000 US dollars

Income tax provision

509,000,000 US dollars

Net earnings/(loss)

2,462,000,000 US dollars

Gross product sales

19,874,000,000 US dollars

Net product sales

10,886,000,000 US dollars

Selling, general and administrative

1,584,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.

Research and development

2,257,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.

Acquired IPRD

188,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.

Amortization of acquired intangible assets

830,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.

Other (income)/expense, net

339,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.

Revenue before reconciliation (calculated)

30,760,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Components above reported revenue (calculated)

negative 19,559,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.