Elanco Animal Health Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,715	4,439	4,417	4,411	4,764
Revenue Growth (YoY)	6.22%	0.50%	0.14%	-7.41%	45.64%
Cost of Revenue	2,122	2,003	1,931	1,913	2,068
Gross Profit	2,593	2,436	2,486	2,498	2,696
Selling, General & Admin	1,423	1,308	1,280	1,259	1,395
Research & Development	368	344	327	321	369
Amortization of Goodwill & Intangibles	543	527	548	528	556
Operating Expenses	2,334	2,179	2,155	2,108	2,320
Operating Income	259	257	331	390	376
Interest Expense	-245	-266	-286	-241	-236
Interest & Investment Income	45	31	9	-	-
Currency Exchange Gain (Loss)	-14	-12	-40	-28	-35
Other Non Operating Income (Expenses)	-12	-4	-40	-10	22
EBT Excluding Unusual Items	33	6	-26	111	127
Merger & Restructuring Charges	-158	-62	-93	-98	-336
Impairment of Goodwill	-	-	-1,042	-	-
Gain (Loss) on Sale of Investments	-	-8	-	-	-
Gain (Loss) on Sale of Assets	-	640	-	-	-
Asset Writedown	-71	-81	-32	-81	-
Legal Settlements	-	-	-	-	-10
Other Unusual Items	-28	-7	-2	-4	-352
Pretax Income	-224	488	-1,195	-72	-571
Income Tax Expense	8	150	36	6	-88
Net Income	-232	338	-1,231	-78	-483
Net Income to Common	-232	338	-1,231	-78	-483
Shares Outstanding (Basic)	496	494	492	488	487
Shares Outstanding (Diluted)	496	497	492	488	487
Shares Change (YoY)	-0.18%	1.02%	0.82%	0.23%	10.38%
EPS (Basic)	-0.47	0.68	-2.50	-0.16	-0.99
EPS (Diluted)	-0.47	0.68	-2.50	-0.16	-0.99
Free Cash Flow	284	394	131	281	324
Free Cash Flow Per Share	0.57	0.79	0.27	0.57	0.67
Gross Margin	55.00%	54.88%	56.28%	56.63%	56.59%
Operating Margin	5.49%	5.79%	7.49%	8.84%	7.89%
Profit Margin	-4.92%	7.61%	-27.87%	-1.77%	-10.14%
Free Cash Flow Margin	6.02%	8.88%	2.97%	6.37%	6.80%
EBITDA	908	879	971	1,007	1,040
EBITDA Margin	19.26%	19.80%	21.98%	22.83%	21.83%
D&A For EBITDA	649	622	640	617	664
EBIT	259	257	331	390	376
EBIT Margin	5.49%	5.79%	7.49%	8.84%	7.89%
Effective Tax Rate	-	30.74%	-	-	-
Advertising Expenses	314	236	207	201	248

Source: S&P Global Market Intelligence. Standard template. Financial Sources.