# Medtronic plc (MDT) FY2025 Q1 P&L / Income Statement

- Company: Medtronic plc (MDT)
- Period: 2024-04-27 to 2024-07-26
- Filing: Q1 FY2025 10-Q, filed 2024-08-27, accession number 0001613103-24-000147
- Page: https://plicit.ai/financials/mdt/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/mdt-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Business Segment

Income statement for 2024-04-27 through 2024-07-26. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 7,915,000,000 US dollars
- **Cost of products sold, excluding amortization of intangible assets**: 2,761,000,000 US dollars
- **Gross profit (calculated)**: 5,154,000,000 US dollars
- **Operating costs, including other operating expenses (calculated)**: 3,874,000,000 US dollars
- **Operating profit**: 1,278,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 10,000,000 US dollars
- **Income before income taxes**: 1,268,000,000 US dollars
- **Income tax provision**: 220,000,000 US dollars
- **Net income**: 1,049,000,000 US dollars
- **Cardiovascular**: 3,007,000,000 US dollars
- **Neuroscience**: 2,317,000,000 US dollars
- **Medical Surgical**: 1,996,000,000 US dollars
- **Diabetes**: 647,000,000 US dollars
- **All other operating segments**: 38,000,000 US dollars
- **Research and development expense**: 676,000,000 US dollars
- **Selling, general, and administrative expense**: 2,655,000,000 US dollars
- **Amortization of intangible assets**: 414,000,000 US dollars
- **Restructuring charges, net**: 47,000,000 US dollars
- **Certain litigation charges, net**: 81,000,000 US dollars
- **Other operating expense, net**: 1,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 8,005,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Other Adjustments**: negative 90,000,000 US dollars. Reported reconciliation to consolidated revenue.

### 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.
- The amounts that make up operating profit come to $1,280.00 M and operating profit is $1,278.00 M; the $2.00 M difference is within the rounding of the filed amounts.
- The amounts that make up net income come to $1,048.00 M and net income is $1,049.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Geography (3 categories)

- Page: https://plicit.ai/financials/mdt/fy2025-q1-income-statement/revenue-by-geography-3-categories
- Chart image: https://plicit.ai/charts/mdt-fy2025-q1-revenue-by-geography-3-categories-sankey.png

Income statement for 2024-04-27 through 2024-07-26. View: Geography (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 7,915,000,000 US dollars
- **Cost of products sold, excluding amortization of intangible assets**: 2,761,000,000 US dollars
- **Gross profit (calculated)**: 5,154,000,000 US dollars
- **Operating costs, including other operating expenses (calculated)**: 3,874,000,000 US dollars
- **Operating profit**: 1,278,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 10,000,000 US dollars
- **Income before income taxes**: 1,268,000,000 US dollars
- **Income tax provision**: 220,000,000 US dollars
- **Net income**: 1,049,000,000 US dollars
- **UNITED STATES**: 4,082,000,000 US dollars
- **Rest of world**: 3,803,000,000 US dollars
- **IRELAND**: 30,000,000 US dollars
- **Research and development expense**: 676,000,000 US dollars
- **Selling, general, and administrative expense**: 2,655,000,000 US dollars
- **Amortization of intangible assets**: 414,000,000 US dollars
- **Restructuring charges, net**: 47,000,000 US dollars
- **Certain litigation charges, net**: 81,000,000 US dollars
- **Other operating expense, net**: 1,000,000 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 operating profit come to $1,280.00 M and operating profit is $1,278.00 M; the $2.00 M difference is within the rounding of the filed amounts.
- The amounts that make up net income come to $1,048.00 M and net income is $1,049.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Geography (2 categories)

- Page: https://plicit.ai/financials/mdt/fy2025-q1-income-statement/revenue-by-geography-2-categories
- Chart image: https://plicit.ai/charts/mdt-fy2025-q1-revenue-by-geography-2-categories-sankey.png

Income statement for 2024-04-27 through 2024-07-26. View: Geography (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 7,915,000,000 US dollars
- **Cost of products sold, excluding amortization of intangible assets**: 2,761,000,000 US dollars
- **Gross profit (calculated)**: 5,154,000,000 US dollars
- **Operating costs, including other operating expenses (calculated)**: 3,874,000,000 US dollars
- **Operating profit**: 1,278,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 10,000,000 US dollars
- **Income before income taxes**: 1,268,000,000 US dollars
- **Income tax provision**: 220,000,000 US dollars
- **Net income**: 1,049,000,000 US dollars
- **UNITED STATES**: 4,082,000,000 US dollars
- **International**: 3,832,000,000 US dollars
- **Undisclosed (calculated)**: 1,000,000 US dollars
- **Research and development expense**: 676,000,000 US dollars
- **Selling, general, and administrative expense**: 2,655,000,000 US dollars
- **Amortization of intangible assets**: 414,000,000 US dollars
- **Restructuring charges, net**: 47,000,000 US dollars
- **Certain litigation charges, net**: 81,000,000 US dollars
- **Other operating expense, net**: 1,000,000 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 operating profit come to $1,280.00 M and operating profit is $1,278.00 M; the $2.00 M difference is within the rounding of the filed amounts.
- The amounts that make up net income come to $1,048.00 M and net income is $1,049.00 M; the $1.00 M difference is within the rounding of the filed amounts.