Novo Nordisk Income Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1985
Revenue	232,261	176,954	140,800	126,946	122,021	111,831	111,696	111,780	107,927	88,806	Upgrade
Revenue Growth (YoY)	31.26%	25.68%	10.91%	4.04%	9.11%	0.12%	-0.08%	3.57%	21.53%	6.26%	Upgrade
Cost of Revenue	35,765	28,448	23,658	20,932	20,088	17,617	17,632	17,183	16,188	14,562	Upgrade
Gross Profit	196,496	148,506	117,142	106,014	101,933	94,214	94,064	94,597	91,739	74,244	Upgrade
Selling, General & Admin	61,598	50,684	41,058	36,886	35,830	33,313	32,124	32,339	32,169	26,760	Upgrade
Research & Development	32,443	24,047	17,772	15,462	14,220	14,805	14,014	14,563	13,608	13,762	Upgrade
Other Operating Expenses	0	-1,034	-332	-460	-600	-1,152	-1,041	-737	-3,482	-770	Upgrade
Operating Expenses	93,922	73,697	58,498	51,888	49,450	46,966	45,097	46,165	42,295	39,752	Upgrade
Operating Income	102,574	74,809	58,644	54,126	52,483	47,248	48,967	48,432	49,444	34,492	Upgrade
Interest Income	1,069	239	2,887	337	65	51	69	52	85	167	Upgrade
Interest Expense	542	378	2,451	390	220	85	90	65	6,046	563	Upgrade
Other Expense / Income	-1,573	5,608	-	943	3,775	-401	266	621	-	-	Upgrade
Pretax Income	104,674	69,062	59,080	53,130	48,553	47,615	48,680	47,798	43,483	34,096	Upgrade
Income Tax	20,991	13,537	11,323	10,992	9,602	8,987	10,550	9,873	8,623	7,615	Upgrade
Net Income	83,683	55,525	47,757	42,138	38,951	38,628	38,130	37,925	34,860	26,481	Upgrade
Net Income Growth	50.71%	16.27%	13.33%	8.18%	0.84%	1.31%	0.54%	8.79%	31.64%	5.15%	Upgrade
Shares Outstanding (Basic)	4,483	4,531	4,593	4,668	4,749	4,839	4,946	5,060	2,571	2,622	Upgrade
Shares Outstanding (Diluted)	4,495	4,545	4,606	4,680	4,757	4,849	4,956	5,069	2,578	2,630	Upgrade
Shares Change	-1.10%	-1.34%	-1.58%	-1.63%	-1.89%	-2.17%	-2.23%	96.61%	-1.95%	-2.37%	Upgrade
EPS (Basic)	18.67	12.26	10.40	9.03	8.20	7.98	7.71	7.50	13.56	10.10	Upgrade
EPS (Diluted)	18.62	12.22	10.37	9.00	8.19	7.97	7.70	7.48	13.52	10.07	Upgrade
EPS Growth	52.37%	17.84%	15.22%	9.89%	2.76%	3.57%	2.87%	-44.67%	34.26%	7.70%	Upgrade
Free Cash Flow	70,012	64,134	47,615	29,870	35,551	32,206	32,520	40,047	31,881	27,357	Upgrade
Free Cash Flow Per Share	15.58	14.11	10.34	6.38	7.47	6.64	6.56	7.90	12.36	10.40	Upgrade
Gross Margin	84.60%	83.92%	83.20%	83.51%	83.54%	84.25%	84.21%	84.63%	85.00%	83.60%	Upgrade
Operating Margin	44.16%	42.28%	41.65%	42.64%	43.01%	42.25%	43.84%	43.33%	45.81%	38.84%	Upgrade
Profit Margin	36.03%	31.38%	33.92%	33.19%	31.92%	34.54%	34.14%	33.93%	32.30%	29.82%	Upgrade
Free Cash Flow Margin	30.14%	36.24%	33.82%	23.53%	29.14%	28.80%	29.11%	35.83%	29.54%	30.81%	Upgrade
Effective Tax Rate	20.05%	19.60%	19.17%	20.69%	19.78%	18.87%	21.67%	20.66%	19.83%	22.33%	Upgrade
EBITDA	112,940	82,040	67,556	60,215	57,791	51,164	52,164	51,616	52,488	38,094	Upgrade
EBITDA Margin	48.63%	46.36%	47.98%	47.43%	47.36%	45.75%	46.70%	46.18%	48.63%	42.90%	Upgrade
Depreciation & Amortization	9,413	7,362	6,025	5,753	5,661	3,925	3,182	3,193	2,959	3,435	Upgrade
EBIT	103,527	74,678	61,531	54,462	52,130	47,239	48,982	48,423	49,529	34,659	Upgrade
EBIT Margin	44.57%	42.20%	43.70%	42.90%	42.72%	42.24%	43.85%	43.32%	45.89%	39.03%	Upgrade

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.