Merck & Co., Inc. (MRK)

Merck & Co. Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	64,168	60,115	59,283	48,704	41,518
Revenue Growth (YoY)	6.74%	1.40%	21.72%	17.31%	6.13%
Cost of Revenue	12,289	15,915	17,206	13,466	11,990
Gross Profit	51,879	44,200	42,077	35,238	29,528
Selling, General & Admin	11,249	9,884	9,669	9,403	8,569
Research & Development	17,865	18,342	11,918	11,942	10,564
Operating Expenses	29,114	28,226	21,587	21,345	19,133
Operating Income	22,765	15,974	20,490	13,893	10,395
Interest Expense	-1,271	-1,146	-962	-806	-831
Interest & Investment Income	415	365	157	36	118
Currency Exchange Gain (Loss)	-227	-370	-237	-297	-145
Other Non Operating Income (Expenses)	1,647	420	681	256	71
EBT Excluding Unusual Items	23,329	15,243	20,129	13,082	9,608
Merger & Restructuring Charges	-888	-12,342	-666	-868	-4,993
Gain (Loss) on Sale of Investments	14	340	-1,419	1,940	1,338
Asset Writedown	-	-779	-1,600	-275	-90
Legal Settlements	-	-573	-	-	-
Other Unusual Items	-2,519	-	-	-	-
Pretax Income	19,936	1,889	16,444	13,879	5,863
Income Tax Expense	2,803	1,512	1,918	1,521	1,340
Earnings From Continuing Operations	17,133	377	14,526	12,358	4,523
Earnings From Discontinued Operations	-	-	-	704	2,548
Net Income to Company	17,133	377	14,526	13,062	7,071
Minority Interest in Earnings	-16	-12	-7	-13	-4
Net Income	17,117	365	14,519	13,049	7,067
Net Income to Common	17,117	365	14,519	13,049	7,067
Net Income Growth	4589.59%	-97.49%	11.27%	84.65%	-28.20%
Shares Outstanding (Basic)	2,541	2,537	2,532	2,530	2,530
Shares Outstanding (Diluted)	2,541	2,547	2,542	2,538	2,541
Shares Change (YoY)	-0.24%	0.20%	0.16%	-0.12%	-1.51%
EPS (Basic)	6.74	0.14	5.73	5.16	2.79
EPS (Diluted)	6.74	0.14	5.71	5.14	2.78
EPS Growth	4711.66%	-97.55%	11.15%	84.62%	-27.15%
Free Cash Flow	-	9,143	14,707	9,661	5,812
Free Cash Flow Per Share	-	3.59	5.79	3.81	2.29
Dividend Per Share	3.080	2.920	2.760	2.600	2.440
Dividend Growth	5.48%	5.80%	6.15%	6.56%	10.91%
Gross Margin	80.85%	73.53%	70.98%	72.35%	71.12%
Operating Margin	35.48%	26.57%	34.56%	28.53%	25.04%
Profit Margin	26.68%	0.61%	24.49%	26.79%	17.02%
Free Cash Flow Margin	-	15.21%	24.81%	19.84%	14.00%
EBITDA	26,940	19,706	24,279	17,016	13,613
EBITDA Margin	41.98%	32.78%	40.95%	34.94%	32.79%
D&A For EBITDA	4,175	3,732	3,789	3,123	3,218
EBIT	22,765	15,974	20,490	13,893	10,395
EBIT Margin	35.48%	26.57%	34.56%	28.53%	25.04%
Effective Tax Rate	14.06%	80.04%	11.66%	10.96%	22.86%
Advertising Expenses	-	2,300	2,200	2,000	1,800

Source: S&P Capital IQ. Standard template. Financial Sources.