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

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

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.