Veralto Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020
Revenue	5,021	4,870	4,700	4,348
Revenue Growth (YoY)	3.10%	3.62%	8.10%	-
Cost of Revenue	2,120	2,110	1,987	1,838
Gross Profit	2,901	2,760	2,713	2,510
Selling, General & Admin	1,536	1,431	1,428	1,340
Research & Development	225	217	244	219
Operating Expenses	1,761	1,648	1,672	1,559
Operating Income	1,140	1,112	1,041	951
Interest Expense / Income	30	0	0	0
Other Expense / Income	14	-1	-6	1
Pretax Income	1,096	1,113	1,047	950
Income Tax	257	268	186	226
Net Income	839	845	861	724
Net Income Growth	-0.71%	-1.86%	18.92%	-
Shares Outstanding (Basic)	246	246	246	-
Shares Outstanding (Diluted)	247	246	246	-
Shares Change	0.20%	-	-	-
EPS (Basic)	3.41	3.43	3.50	-
EPS (Diluted)	3.40	3.43	3.50	-
EPS Growth	-0.87%	-2.00%	-	-
Free Cash Flow	911	836	842	965
Free Cash Flow Per Share	3.70	3.39	3.42	-
Gross Margin	57.78%	56.67%	57.72%	57.73%
Operating Margin	22.70%	22.83%	22.15%	21.87%
Profit Margin	16.71%	17.35%	18.32%	16.65%
Free Cash Flow Margin	18.14%	17.17%	17.91%	22.19%
Effective Tax Rate	23.45%	24.08%	17.77%	23.79%
EBITDA	1,213	1,203	1,153	1,060
EBITDA Margin	24.16%	24.70%	24.53%	24.38%
Depreciation & Amortization	87	90	106	110
EBIT	1,126	1,113	1,047	950
EBIT Margin	22.43%	22.85%	22.28%	21.85%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).