Novartis AG Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2000
Revenue	46,660	43,461	43,974	49,898	48,677	Upgrade
Revenue Growth (YoY)	7.36%	-1.17%	-11.87%	2.51%	5.59%	Upgrade
Cost of Revenue	12,472	11,582	11,735	15,121	14,425	Upgrade
Gross Profit	34,188	31,879	32,239	34,777	34,252	Upgrade
Selling, General & Admin	12,517	12,193	12,827	14,197	14,369	Upgrade
Research & Development	11,371	9,172	8,641	8,980	9,402	Upgrade
Other Operating Expenses	531	2,568	715	1,448	1,395	Upgrade
Operating Expenses	24,419	23,933	22,183	24,625	25,166	Upgrade
Operating Income	9,769	7,946	10,056	10,152	9,086	Upgrade
Interest Expense / Income	855	800	787	869	850	Upgrade
Other Expense / Income	-6,487	-937	-16,377	-596	-5,289	Upgrade
Pretax Income	15,401	8,083	25,646	9,879	13,525	Upgrade
Income Tax	551	1,128	1,625	1,807	1,793	Upgrade
Net Income	14,850	6,955	24,021	8,072	11,732	Upgrade
Net Income Growth	113.52%	-71.05%	197.58%	-31.20%	-6.97%	Upgrade
Shares Outstanding (Basic)	2,050	2,135	2,237	2,277	2,291	Upgrade
Shares Outstanding (Diluted)	2,065	2,150	2,253	2,296	2,319	Upgrade
Shares Change	-3.95%	-4.57%	-1.87%	-0.99%	-1.07%	Upgrade
EPS (Basic)	7.15	3.19	10.71	3.55	5.12	Upgrade
EPS (Diluted)	7.10	3.17	10.63	3.52	5.06	Upgrade
EPS Growth	123.97%	-70.18%	201.99%	-30.43%	-5.95%	Upgrade
Free Cash Flow	13,635	13,478	14,216	12,463	13,103	Upgrade
Free Cash Flow Per Share	6.65	6.31	6.36	5.47	5.72	Upgrade
Dividend Per Share	3.469	3.357	3.378	3.042	1.862	Upgrade
Dividend Growth	3.34%	-0.62%	11.05%	63.37%	-15.63%	Upgrade
Gross Margin	73.27%	73.35%	73.31%	69.70%	70.37%	Upgrade
Operating Margin	20.94%	18.28%	22.87%	20.35%	18.67%	Upgrade
Profit Margin	31.83%	16.00%	54.63%	16.18%	24.10%	Upgrade
Free Cash Flow Margin	29.22%	31.01%	32.33%	24.98%	26.92%	Upgrade
Effective Tax Rate	3.58%	13.96%	6.34%	18.29%	13.26%	Upgrade
EBITDA	26,625	19,514	20,003	20,629	23,497	Upgrade
EBITDA Margin	57.06%	44.90%	45.49%	41.34%	48.27%	Upgrade
Depreciation & Amortization	10,369	10,631	-6,430	9,881	9,122	Upgrade
EBIT	16,256	8,883	26,433	10,748	14,375	Upgrade
EBIT Margin	34.84%	20.44%	60.11%	21.54%	29.53%	Upgrade

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).