Zoetis Inc. (ZTS)

Zoetis Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	9,152	8,544	8,080	7,776	6,675	6,260
Revenue Growth (YoY)	9.33%	5.74%	3.91%	16.49%	6.63%	7.47%
Cost of Revenue	2,737	2,558	2,446	2,295	2,038	1,915
Gross Profit	6,415	5,986	5,634	5,481	4,637	4,345
Selling, General & Admin	2,258	2,151	2,009	2,001	1,713	1,636
Research & Development	674	614	539	508	463	457
Operating Expenses	3,076	2,914	2,698	2,670	2,336	2,248
Operating Income	3,339	3,072	2,936	2,811	2,301	2,097
Interest Expense	-233	-239	-221	-224	-231	-223
Interest & Investment Income	105	105	50	6	12	37
Currency Exchange Gain (Loss)	-48	-47	-62	-27	-21	-16
Other Non Operating Income (Expenses)	1	36	18	6	7	16
EBT Excluding Unusual Items	3,164	2,927	2,721	2,572	2,068	1,911
Merger & Restructuring Charges	-55	-55	-15	-45	-40	-38
Gain (Loss) on Sale of Investments	-	-	-	-	-4	-
Gain (Loss) on Sale of Assets	-28	101	-	-3	19	-
Asset Writedown	-29	-36	-46	-30	-30	-
Other Unusual Items	-1	-1	-4	-6	-17	-72
Pretax Income	3,051	2,936	2,656	2,488	1,996	1,801
Income Tax Expense	613	596	545	454	360	301
Earnings From Continuing Operations	2,438	2,340	2,111	2,034	1,636	1,500
Minority Interest in Earnings	-8	4	3	3	2	-
Net Income	2,430	2,344	2,114	2,037	1,638	1,500
Net Income to Common	2,430	2,344	2,114	2,037	1,638	1,500
Net Income Growth	6.58%	10.88%	3.78%	24.36%	9.20%	5.04%
Shares Outstanding (Basic)	456	461	469	474	476	478
Shares Outstanding (Diluted)	457	462	470	477	479	482
Shares Change (YoY)	-1.47%	-1.73%	-1.33%	-0.39%	-0.67%	-1.05%
EPS (Basic)	5.33	5.08	4.51	4.29	3.44	3.14
EPS (Diluted)	5.32	5.07	4.49	4.27	3.42	3.11
EPS Growth	8.38%	12.92%	5.15%	24.85%	9.97%	6.14%
Free Cash Flow	2,308	1,621	1,326	1,736	1,673	1,335
Free Cash Flow Per Share	5.05	3.51	2.82	3.64	3.50	2.77
Dividend Per Share	1.671	1.500	1.300	1.000	0.800	0.656
Dividend Growth	15.24%	15.38%	30.00%	25.00%	21.95%	30.16%
Gross Margin	70.09%	70.06%	69.73%	70.49%	69.47%	69.41%
Operating Margin	36.48%	35.96%	36.34%	36.15%	34.47%	33.50%
Profit Margin	26.55%	27.43%	26.16%	26.20%	24.54%	23.96%
Free Cash Flow Margin	25.22%	18.97%	16.41%	22.33%	25.06%	21.33%
EBITDA	3,764	3,488	3,332	3,207	2,696	2,482
EBITDA Margin	41.13%	40.82%	41.24%	41.24%	40.39%	39.65%
D&A For EBITDA	425	416	396	396	395	385
EBIT	3,339	3,072	2,936	2,811	2,301	2,097
EBIT Margin	36.48%	35.95%	36.34%	36.15%	34.47%	33.50%
Effective Tax Rate	20.09%	20.30%	20.52%	18.25%	18.04%	16.71%
Advertising Expenses	-	281	287	292	233	167

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