GILEAD SCIENCES, INC. (GILD) FY2024 Q1 P&L / Income Statement

GILEAD SCIENCES, INC. (GILD) FY2024 Q1 P&L / Income Statement

Income statement for 2024-01-01 through 2024-03-31. View: Product and service (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

6,686,000,000 US dollars

Cost of goods sold

1,552,000,000 US dollars

Gross profit (calculated)

5,134,000,000 US dollars

Operating expenses (calculated)

9,456,000,000 US dollars

Operating (loss) income

negative 4,322,000,000 US dollars

Other income (expense), net (calculated)

negative 164,000,000 US dollars

(Loss) income before income taxes

negative 4,486,000,000 US dollars

Income tax (benefit) expense

negative 315,000,000 US dollars

Net (loss) income

negative 4,170,000,000 US dollars

Product sales

6,647,000,000 US dollars

Royalty, contract and other revenues

39,000,000 US dollars

Selling, general and administrative expenses

1,375,000,000 US dollars

Acquired in-process research and development expenses

4,131,000,000 US dollars

Research and development expenses

1,520,000,000 US dollars

In-process research and development impairment

2,430,000,000 US dollars

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.

• The amounts that make up net income come to −$4,171.00 M and net income is −$4,170.00 M; the $1.00 M difference is within the rounding of the filed amounts.