Zoetis Inc. (ZTS)

Zoetis Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	8,734	8,544	8,080	7,776	6,675	6,260
Revenue Growth (YoY)	7.91%	5.74%	3.91%	16.49%	6.63%	7.47%
Cost of Revenue	2,616	2,561	2,454	2,303	2,057	1,992
Gross Profit	6,118	5,983	5,626	5,473	4,618	4,268
Selling, General & Admin	2,193	2,151	2,009	2,001	1,726	1,638
Research & Development	634	614	539	508	463	457
Other Operating Expenses	71	43	201	252	202	149
Operating Expenses	2,898	2,808	2,749	2,761	2,391	2,244
Operating Income	3,220	3,175	2,877	2,712	2,227	2,024
Interest Expense / Income	234	239	221	224	231	223
Other Expense / Income	-3	-4	-3	-3	-2	-
Pretax Income	2,989	2,940	2,659	2,491	1,998	1,801
Income Tax	598	596	545	454	360	301
Net Income	2,391	2,344	2,114	2,037	1,638	1,500
Net Income Growth	15.45%	10.88%	3.78%	24.36%	9.20%	5.04%
Shares Outstanding (Basic)	458	461	469	474	476	478
Shares Outstanding (Diluted)	459	462	470	477	479	482
Shares Change	-1.25%	-1.73%	-1.33%	-0.39%	-0.67%	-1.05%
EPS (Basic)	5.19	5.08	4.51	4.29	3.44	3.14
EPS (Diluted)	5.19	5.07	4.49	4.27	3.42	3.11
EPS Growth	17.42%	12.92%	5.15%	24.85%	9.97%	6.14%
Free Cash Flow	1,753	1,625	1,327	1,738	1,694	1,356
Free Cash Flow Per Share	3.83	3.52	2.83	3.66	3.56	2.84
Dividend Per Share	1.557	1.500	1.300	1.000	0.800	0.656
Dividend Growth	15.33%	15.38%	30.00%	25.00%	21.95%	30.16%
Gross Margin	70.05%	70.03%	69.63%	70.38%	69.18%	68.18%
Operating Margin	36.87%	37.16%	35.61%	34.88%	33.36%	32.33%
Profit Margin	27.38%	27.43%	26.16%	26.20%	24.54%	23.96%
Free Cash Flow Margin	20.07%	19.02%	16.42%	22.35%	25.38%	21.66%
Effective Tax Rate	20.01%	20.27%	20.50%	18.23%	18.02%	16.71%
EBITDA	3,720	3,670	3,345	3,163	2,670	2,436
EBITDA Margin	42.59%	42.95%	41.40%	40.68%	40.00%	38.91%
Depreciation & Amortization	497	491	465	448	441	412
EBIT	3,223	3,179	2,880	2,715	2,229	2,024
EBIT Margin	36.90%	37.21%	35.64%	34.92%	33.39%	32.33%

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).