v3.25.2
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total Revenues $ 12,269 $ 12,201 $ 23,470 $ 24,066
Cost of products sold [1] 3,372 3,267 6,404 6,199
Selling, general and administrative 1,713 1,928 3,297 4,295
Research and development 2,580 2,899 4,837 5,594
Acquired IPRD 1,508 132 1,695 13,081
Amortization of acquired intangible assets 830 2,416 1,660 4,773
Other (income)/expense, net 494 273 833 354
Total Expenses 10,496 10,915 18,726 34,296
Earnings/(Loss) before income taxes 1,773 1,286 4,744 (10,230)
Income tax provision/(benefit) 460 (398) 969 (6)
Net earnings/(loss) 1,313 1,684 3,775 (10,224)
Noncontrolling interest 2 4 9 7
Net earnings/(loss) attributable to BMS $ 1,310 $ 1,680 $ 3,766 $ (10,231)
Earnings/(Loss) per common share:        
Basic (usd per share) $ 0.64 $ 0.83 $ 1.85 $ (5.05)
Diluted (usd per share) $ 0.64 $ 0.83 $ 1.85 $ (5.05)
Net product sales        
Total Revenues $ 11,909 $ 11,925 $ 22,794 $ 23,484
Alliance and other revenues        
Total Revenues $ 360 $ 276 $ 676 $ 582
[1] Excludes amortization of acquired intangible assets