Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Sanofi.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.29B | $46.03B | $45.39B | $39.17B | $37.37B | $37.63B | $35.68B | $36.22B | $34.70B | $34.86B |
| Cost of Revenue | $13.21B | $14.24B | $13.69B | $12.26B | $12.16B | $11.98B | $11.32B | $11.45B | $10.70B | $10.92B |
| Gross Profit | $31.08B | $31.80B | $31.70B | $26.92B | $25.21B | $25.66B | $24.36B | $24.77B | $24.00B | $23.94B |
| Gross Profit Ratio | 70.18% | 69.10% | 69.83% | 68.70% | 67.47% | 68.18% | 68.27% | 68.40% | 69.16% | 68.68% |
| Research and Development Expenses | $7.39B | $6.73B | $6.71B | $5.69B | $5.53B | $6.02B | $6.35B | $5.57B | $5.23B | $5.08B |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $75.00M | $106.00M | $106.00M | $114.00M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $9.39B | $9.88B | $9.86B | $10.06B | $9.49B | $9.38B |
| Selling General and Administrative Expenses | $9.18B | $10.77B | $10.54B | $9.55B | $9.39B | $9.88B | $9.93B | $10.16B | $9.59B | $9.50B |
| Other Expenses | $7.25B | $6.45B | $2.57B | $2.53B | $2.40B | $2.53B | $1.70B | $1.66B | $1.65B | $2.23B |
| Operating Expenses | $23.83B | $23.94B | $19.81B | $17.77B | $17.32B | $18.43B | $17.99B | $17.39B | $16.48B | $16.81B |
| Cost and Expenses | $37.03B | $38.16B | $-7.29B | $30.03B | $29.48B | $30.41B | $-7.73B | $-7.42B | $-7.18B | $-7.44B |
| Interest Income | $413.00M | $546.00M | $206.00M | $40.00M | $53.00M | $141.00M | $164.00M | $147.00M | $68.00M | $178.00M |
| Interest Expense | $749.00M | $1.09B | $461.00M | $368.00M | $390.00M | $444.00M | $495.00M | $420.00M | $924.00M | $559.00M |
| Depreciation and Amortization | $3.59B | $3.78B | $3.70B | $3.13B | $3.27B | $3.75B | $3.46B | $3.15B | $2.99B | $-2.48B |
| EBITDA | $11.03B | $12.00B | $14.06B | $11.29B | $17.51B | $7.11B | $9.36B | $10.28B | $10.36B | $10.23B |
| EBITDA Ratio | 24.91% | 26.06% | 30.98% | 27.47% | 26.13% | 26.15% | 26.24% | 28.38% | 29.86% | 29.36% |
| Operating Income | $7.25B | $7.88B | $16.79B | $8.13B | $8.08B | $7.69B | $12.43B | $12.01B | $12.34B | $12.71B |
| Operating Income Ratio | 16.38% | 17.11% | 37.00% | 20.74% | 21.63% | 20.45% | 34.84% | 33.15% | 35.57% | 36.46% |
| Total Other Income Expenses Net | $-554.00M | $-722.00M | $-166.00M | $-328.00M | $24.00M | $-229.00M | $228.00M | $-188.00M | $-720.00M | $-403.00M |
| Income Before Tax | $6.70B | $7.15B | $10.49B | $7.80B | $13.80B | $2.82B | $4.90B | $5.62B | $5.81B | $5.22B |
| Income Before Tax Ratio | 15.12% | 15.54% | 23.11% | 19.91% | 36.94% | 7.50% | 13.75% | 15.50% | 16.75% | 14.98% |
| Income Tax Expense | $1.20B | $1.60B | $2.01B | $1.56B | $1.81B | $139.00M | $481.00M | $1.72B | $1.32B | $709.00M |
| Net Income | $5.56B | $5.40B | $8.37B | $6.22B | $12.29B | $2.81B | $4.31B | $3.89B | $4.71B | $4.29B |
| Net Income Ratio | 12.55% | 11.73% | 18.44% | 15.89% | 32.90% | 7.46% | 12.07% | 10.75% | 13.57% | 12.30% |
| EPS | $4.44 | $4.31 | $6.69 | $4.97 | $9.81 | $2.33 | $3.45 | $3.08 | $3.42 | $3.38 |
| EPS Diluted | $4.44 | $4.30 | $6.66 | $4.95 | $9.76 | $2.31 | $3.43 | $3.07 | $3.39 | $3.34 |
| Weighted Average Shares Outstanding | 1.25B | 1.25B | 1.25B | 1.25B | 1.25B | 1.25B | 1.25B | 1.27B | 1.29B | 1.32B |
| Weighted Average Shares Outstanding Diluted | 1.25B | 1.26B | 1.26B | 1.26B | 1.26B | 1.26B | 1.26B | 1.27B | 1.30B | 1.32B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.44B | $8.71B | $12.74B | $10.10B | $13.91B | $9.74B | $6.92B | $10.31B | $10.27B | $9.15B |
| Short Term Investments | $486.00M | $- | $- | $- | $- | $- | $- | $- | $108.00M | $98.00M |
| Cash and Short Term Investments | $7.93B | $8.71B | $12.74B | $10.10B | $13.91B | $9.74B | $6.92B | $10.31B | $10.38B | $9.25B |
| Net Receivables | $10.63B | $11.04B | $10.75B | $9.79B | $9.95B | $10.08B | $9.35B | $8.68B | $9.05B | $8.85B |
| Inventory | $9.43B | $9.67B | $8.96B | $8.71B | $8.35B | $7.99B | $7.48B | $6.82B | $6.89B | $6.52B |
| Other Current Assets | $14.60B | $1.24B | $1.58B | $1.96B | $1.48B | $792.00M | $832.00M | $546.00M | $364.00M | $313.00M |
| Total Current Assets | $42.59B | $30.66B | $34.03B | $30.56B | $33.70B | $28.61B | $24.58B | $26.35B | $26.69B | $24.93B |
| Property Plant Equipment Net | $11.60B | $11.81B | $11.68B | $11.98B | $10.56B | $11.02B | $9.65B | $9.58B | $10.02B | $9.94B |
| Goodwill | $43.38B | $49.40B | $49.89B | $48.06B | $44.36B | $44.52B | $44.23B | $40.26B | $40.29B | $39.56B |
| Intangible Assets | $22.63B | $24.32B | $21.64B | $21.41B | $18.34B | $16.57B | $21.89B | $13.08B | $10.88B | $12.03B |
| Goodwill and Intangible Assets | $66.01B | $73.72B | $71.53B | $69.46B | $62.70B | $61.09B | $66.12B | $53.34B | $51.17B | $51.58B |
| Long Term Investments | $3.26B | $3.26B | $3.22B | $2.91B | $2.67B | $5.99B | $6.17B | $6.14B | $5.68B | $5.35B |
| Tax Assets | $7.97B | $6.43B | $5.38B | $4.60B | $4.18B | $5.43B | $4.61B | $4.29B | $4.67B | $4.71B |
| Other Non-Current Assets | $1.37B | $588.00M | $882.00M | $731.00M | $600.00M | $595.00M | $271.00M | $104.00M | $6.45B | $5.80B |
| Total Non-Current Assets | $90.21B | $95.81B | $92.70B | $89.68B | $80.71B | $84.12B | $86.83B | $73.46B | $77.98B | $77.39B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $132.80B | $126.46B | $126.72B | $120.24B | $114.41B | $112.74B | $111.41B | $99.81B | $104.67B | $102.32B |
| Account Payables | $7.55B | $7.33B | $6.81B | $6.18B | $5.29B | $5.31B | $5.04B | $4.63B | $4.30B | $3.82B |
| Short Term Debt | $4.47B | $2.32B | $4.45B | $3.45B | $3.00B | $4.82B | $2.63B | $1.27B | $1.76B | $3.44B |
| Tax Payables | $1.13B | $597.00M | $574.00M | $309.00M | $604.00M | $613.00M | $733.00M | $1.18B | $1.13B | $1.04B |
| Deferred Revenue | $- | $- | $264.00M | $319.00M | $252.00M | $- | $- | $- | $- | $- |
| Other Current Liabilities | $16.01B | $13.95B | $11.86B | $11.04B | $10.10B | $9.64B | $8.97B | $8.38B | $9.24B | $8.53B |
| Total Current Liabilities | $29.16B | $24.19B | $23.96B | $21.30B | $19.25B | $20.38B | $17.38B | $15.46B | $16.43B | $16.82B |
| Long Term Debt | $13.44B | $16.10B | $16.76B | $18.96B | $20.68B | $21.12B | $22.01B | $14.33B | $16.82B | $13.12B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $2.17B | $1.86B | $1.84B | $1.62B | $1.77B | $2.29B | $3.41B | $1.60B | $2.29B | $2.90B |
| Other Non-Current Liabilities | $10.18B | $9.96B | $9.00B | $9.34B | $9.47B | $9.84B | $9.58B | $10.18B | $11.41B | $11.27B |
| Total Non-Current Liabilities | $25.78B | $27.92B | $27.61B | $29.92B | $31.91B | $33.25B | $35.00B | $26.11B | $30.51B | $27.29B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $54.94B | $52.11B | $51.57B | $51.21B | $51.16B | $53.63B | $52.37B | $41.57B | $46.95B | $44.11B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $2.53B | $2.53B | $2.52B | $2.53B | $2.52B | $2.51B | $2.50B | $2.51B | $2.58B | $2.61B |
| Retained Earnings | $- | $67.50B | $66.73B | $63.01B | $60.15B | $51.78B | $53.11B | $52.86B | $51.48B | $52.01B |
| Accumulated Other Comprehensive Income Loss | $70.56B | $4.88B | $6.11B | $3.55B | $782.00M | $4.51B | $3.43B | $2.71B | $5.00B | $3.73B |
| Other Total Stockholders Equity | $4.42B | $-871.00M | $-581.00M | $-407.00M | $-343.00M | $138.00M | $-153.00M | $-14.00M | $-1.50B | $-298.00M |
| Total Stockholders Equity | $77.51B | $74.04B | $74.78B | $68.68B | $63.11B | $58.93B | $58.88B | $58.07B | $57.55B | $58.05B |
| Total Equity | $77.86B | $74.35B | $75.15B | $69.03B | $63.25B | $59.11B | $59.03B | $58.24B | $57.72B | $58.21B |
| Total Liabilities and Stockholders Equity | $132.80B | $126.46B | $126.72B | $120.24B | $114.41B | $112.74B | $111.41B | $99.81B | $104.67B | $102.32B |
| Minority Interest | $350.00M | $313.00M | $368.00M | $350.00M | $146.00M | $174.00M | $159.00M | $169.00M | $170.00M | $161.00M |
| Total Liabilities and Total Equity | $132.80B | $126.46B | $126.72B | $120.24B | $114.41B | $112.74B | $111.41B | $99.81B | $104.67B | $102.32B |
| Total Investments | $3.75B | $3.26B | $3.22B | $2.91B | $2.67B | $5.99B | $6.17B | $6.14B | $5.79B | $5.45B |
| Total Debt | $17.91B | $18.42B | $21.21B | $22.41B | $23.68B | $25.93B | $24.64B | $15.60B | $18.58B | $16.55B |
| Net Debt | $10.46B | $9.71B | $8.48B | $12.32B | $9.76B | $16.19B | $17.71B | $5.29B | $8.31B | $7.41B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.50B | $5.40B | $8.37B | $6.22B | $12.31B | $2.81B | $4.31B | $8.43B | $4.71B | $4.29B |
| Depreciation and Amortization | $3.59B | $3.78B | $3.42B | $3.35B | $3.68B | $7.45B | $4.28B | $3.69B | $3.30B | $4.28B |
| Deferred Income Tax | $-802.00M | $-1.23B | $-578.00M | $-356.00M | $-214.00M | $-1.75B | $-727.00M | $-909.00M | $-542.00M | $-1.25B |
| Stock Based Compensation | $- | $- | $245.00M | $244.00M | $274.00M | $252.00M | $284.00M | $263.00M | $250.00M | $206.00M |
| Change in Working Capital | $-615.00M | $764.00M | $-707.00M | $1.41B | $-325.00M | $-419.00M | $-1.28B | $148.00M | $828.00M | $1.05B |
| Accounts Receivables | $-28.00M | $-397.00M | $-777.00M | $185.00M | $-134.00M | $-462.00M | $-35.00M | $-529.00M | $168.00M | $-493.00M |
| Inventory | $-477.00M | $-840.00M | $-927.00M | $-357.00M | $-593.00M | $-547.00M | $-701.00M | $-145.00M | $-323.00M | $-466.00M |
| Accounts Payables | $789.00M | $402.00M | $452.00M | $451.00M | $86.00M | $169.00M | $270.00M | $577.00M | $447.00M | $241.00M |
| Other Working Capital | $-899.00M | $1.60B | $545.00M | $1.13B | $316.00M | $421.00M | $-814.00M | $245.00M | $536.00M | $1.77B |
| Other Non Cash Items | $1.42B | $1.55B | $-225.00M | $3.00M | $-622.00M | $-174.00M | $-1.03B | $-3.98B | $-458.00M | $555.00M |
| Net Cash Provided by Operating Activities | $9.08B | $10.26B | $10.53B | $10.52B | $7.45B | $7.74B | $5.55B | $7.38B | $7.84B | $8.92B |
| Investments in Property Plant and Equipment | $-3.19B | $-3.25B | $-2.20B | $-2.04B | $-2.11B | $-1.82B | $-1.98B | $-1.96B | $-2.08B | $-2.77B |
| Acquisitions Net | $-2.52B | $1.01B | $-858.00M | $-5.59B | $5.03B | $-488.00M | $-12.86B | $-1.15B | $-426.00M | $-220.00M |
| Purchases of Investments | $- | $-134.00M | $-488.00M | $-311.00M | $-137.00M | $-38.00M | $-137.00M | $-161.00M | $-208.00M | $-142.00M |
| Sales Maturities of Investments | $- | $42.00M | $- | $718.00M | $918.00M | $1.38B | $- | $- | $- | $- |
| Other Investing Activities | $1.31B | $-3.87B | $1.47B | $-68.00M | $-113.00M | $-94.00M | $2.10B | $3.91B | $206.00M | $-123.00M |
| Net Cash Used for Investing Activities | $-4.41B | $-6.20B | $-2.08B | $-7.30B | $3.59B | $-1.06B | $-12.87B | $639.00M | $-2.51B | $-3.26B |
| Debt Repayment | $-894.00M | $-3.14B | $-1.46B | $-2.65B | $-2.17B | $-491.00M | $8.72B | $-2.30B | $2.29B | $1.35B |
| Common Stock Issued | $187.00M | $195.00M | $188.00M | $186.00M | $203.00M | $162.00M | $177.00M | $319.00M | $305.00M | $574.00M |
| Common Stock Repurchased | $-302.00M | $-593.00M | $-497.00M | $-382.00M | $-822.00M | $-9.00M | $-1.10B | $-2.16B | $-2.91B | $-1.78B |
| Dividends Paid | $-4.70B | $-4.45B | $-4.17B | $-4.01B | $-3.94B | $-3.83B | $-3.77B | $-3.71B | $-3.76B | $-3.69B |
| Other Financing Activities | $-50.00M | $-63.00M | $116.00M | $-197.00M | $238.00M | $-21.00M | $-91.00M | $-15.00M | $-32.00M | $-43.00M |
| Net Cash Used Provided by Financing Activities | $-5.76B | $-8.05B | $-5.82B | $-7.06B | $-6.49B | $-4.19B | $3.93B | $-7.90B | $-4.10B | $-3.60B |
| Effect of Forex Changes on Cash | $-13.00M | $-32.00M | $8.00M | $15.00M | $-64.00M | $9.00M | $1.00M | $-74.00M | $-101.00M | $-232.00M |
| Net Change in Cash | $-1.27B | $-4.03B | $2.64B | $-3.82B | $4.49B | $2.50B | $-3.39B | $42.00M | $1.12B | $1.81B |
| Cash at End of Period | $7.44B | $8.71B | $12.74B | $10.10B | $13.91B | $9.43B | $6.92B | $10.31B | $10.27B | $9.15B |
| Cash at Beginning of Period | $8.71B | $12.74B | $10.10B | $13.91B | $9.43B | $6.92B | $10.31B | $10.27B | $9.15B | $7.34B |
| Operating Cash Flow | $9.08B | $10.26B | $10.53B | $10.52B | $7.45B | $7.74B | $5.55B | $7.38B | $7.84B | $8.92B |
| Capital Expenditure | $-3.19B | $-3.02B | $-2.20B | $-2.04B | $-2.11B | $-1.82B | $-1.98B | $-1.96B | $-2.08B | $-2.77B |
| Free Cash Flow | $5.89B | $7.35B | $8.32B | $8.48B | $5.33B | $5.93B | $3.57B | $5.42B | $5.75B | $6.15B |