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 Viatris.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 30, 2018 | December 30, 2017 | December 30, 2016 | December 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.74B | $15.43B | $16.26B | $17.89B | $11.95B | $11.50B | $11.43B | $11.91B | $11.08B | $9.43B |
| Cost of Revenue | $9.12B | $8.99B | $9.77B | $12.31B | $8.15B | $7.06B | $6.86B | $6.93B | $6.08B | $5.05B |
| Gross Profit | $5.62B | $6.44B | $6.50B | $5.58B | $3.80B | $4.44B | $4.57B | $4.98B | $5.00B | $4.38B |
| Gross Profit Ratio | 38.15% | 41.74% | 39.95% | 31.17% | 31.78% | 38.64% | 39.99% | 41.79% | 45.13% | 46.47% |
| Research and Development Expenses | $808.70M | $910.70M | $662.20M | $681.00M | $512.60M | $778.20M | $822.20M | $857.90M | $876.70M | $671.90M |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $4.43B | $4.65B | $4.18B | $4.53B | $3.34B | $2.50B | $2.40B | $2.56B | $2.35B | $1.92B |
| Other Expenses | $379.20M | $111.60M | $1.20B | $1.03B | $1.49B | $447.10M | $446.90M | $117.10M | $1.07B | $325.90M |
| Operating Expenses | $5.61B | $5.67B | $4.84B | $5.21B | $3.86B | $3.73B | $3.67B | $3.54B | $4.30B | $2.92B |
| Cost and Expenses | $14.73B | $14.66B | $14.61B | $17.52B | $12.01B | $10.79B | $10.53B | $10.47B | $10.38B | $7.97B |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $12.30M | $- |
| Interest Expense | $550.00M | $573.10M | $592.40M | $636.20M | $497.80M | $517.30M | $542.30M | $534.60M | $454.80M | $336.40M |
| Depreciation and Amortization | $83.30M | $2.68B | $3.03B | $4.51B | $2.22B | $1.84B | $1.89B | $1.73B | $1.45B | $1.00B |
| EBITDA | $10.10M | $3.46B | $6.43B | $4.48B | $1.99B | $3.26B | $3.47B | $3.47B | $3.40B | $2.81B |
| EBITDA Ratio | 0.07% | 22.41% | 39.56% | 25.04% | 16.64% | 28.35% | 30.39% | 29.15% | 30.73% | 29.78% |
| Operating Income | $10.10M | $766.20M | $1.61B | $-34.00M | $-210.80M | $715.50M | $905.60M | $1.44B | $699.20M | $1.46B |
| Operating Income Ratio | 0.07% | 4.97% | 9.93% | -0.19% | -1.76% | 6.22% | 7.92% | 12.07% | 6.31% | 15.49% |
| Total Other Income Expenses Net | $-633.30M | $-563.30M | $1.20B | $-630.40M | $-510.40M | $-561.10M | $-607.20M | $-534.20M | $-577.50M | $-545.50M |
| Income Before Tax | $-623.20M | $202.90M | $2.81B | $-664.40M | $-721.20M | $154.40M | $298.40M | $903.00M | $121.70M | $915.40M |
| Income Before Tax Ratio | -4.23% | 1.32% | 17.30% | -3.71% | -6.04% | 1.34% | 2.61% | 7.58% | 1.10% | 9.71% |
| Income Tax Expense | $11.00M | $148.20M | $734.60M | $604.70M | $-51.30M | $137.60M | $54.10M | $207.00M | $358.30M | $67.70M |
| Net Income | $-634.20M | $54.70M | $2.08B | $-1.27B | $-669.90M | $16.80M | $352.50M | $696.00M | $480.00M | $847.60M |
| Net Income Ratio | -4.30% | 0.35% | 12.78% | -7.10% | -5.61% | 0.15% | 3.08% | 5.84% | 4.33% | 8.99% |
| EPS | $-0.53 | $0.05 | $1.71 | $-1.05 | $-1.11 | $0.03 | $0.69 | $1.30 | $0.94 | $1.80 |
| EPS Diluted | $-0.53 | $0.05 | $1.71 | $-1.05 | $-1.11 | $0.03 | $0.68 | $1.30 | $0.92 | $1.70 |
| Weighted Average Shares Outstanding | 1.19B | 1.20B | 1.21B | 1.21B | 601.20M | 560.00M | 518.38M | 535.38M | 521.74M | 498.59M |
| Weighted Average Shares Outstanding Diluted | 1.19B | 1.21B | 1.22B | 1.21B | 601.20M | 516.50M | 516.50M | 536.70M | 520.50M | 497.40M |
| 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 30, 2018 | December 30, 2017 | December 30, 2016 | December 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $734.80M | $991.90M | $1.26B | $701.20M | $844.40M | $475.60M | $388.10M | $292.10M | $998.80M | $1.24B |
| Short Term Investments | $355.10M | $192.50M | $212.60M | $233.80M | $203.50M | $65.80M | $57.50M | $110.60M | $83.80M | $54.00M |
| Cash and Short Term Investments | $734.80M | $1.18B | $1.47B | $935.00M | $1.05B | $563.70M | $449.20M | $418.90M | $1.14B | $1.35B |
| Net Receivables | $3.22B | $4.04B | $3.24B | $4.27B | $4.84B | $2.64B | $2.42B | $3.17B | $3.02B | $2.43B |
| Inventory | $3.85B | $3.47B | $3.52B | $3.98B | $5.47B | $2.67B | $2.58B | $2.54B | $2.46B | $1.95B |
| Other Current Assets | $1.71B | $4.28B | $2.40B | $1.72B | $1.62B | $882.60M | $921.80M | $1.09B | $912.30M | $738.60M |
| Total Current Assets | $9.52B | $12.98B | $10.64B | $10.90B | $12.87B | $6.76B | $6.37B | $7.21B | $7.52B | $6.47B |
| Property Plant Equipment Net | $2.67B | $3.01B | $3.28B | $3.48B | $3.78B | $2.40B | $2.17B | $2.34B | $2.32B | $1.98B |
| Goodwill | $9.13B | $9.87B | $10.43B | $12.11B | $12.35B | $9.59B | $9.75B | $10.21B | $9.23B | $5.38B |
| Intangible Assets | $17.07B | $19.18B | $22.61B | $26.13B | $29.68B | $11.65B | $13.66B | $15.25B | $14.45B | $7.22B |
| Goodwill and Intangible Assets | $26.20B | $29.05B | $33.03B | $38.25B | $42.03B | $21.24B | $23.41B | $25.45B | $23.68B | $12.60B |
| Long Term Investments | $1.35B | $1.14B | $1.09B | $81.40M | $47.90M | $92.20M | $138.70M | $226.00M | $396.40M | $475.50M |
| Tax Assets | $753.00M | $692.90M | $925.90M | $1.33B | $2.15B | $703.10M | $572.20M | $496.80M | $633.20M | $457.60M |
| Other Non-Current Assets | $1.01B | $821.10M | $1.05B | $798.50M | $676.00M | $58.20M | $73.70M | $79.60M | $172.20M | $276.00M |
| Total Non-Current Assets | $31.98B | $34.71B | $39.39B | $43.94B | $48.69B | $24.50B | $26.37B | $28.59B | $27.20B | $15.79B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $41.50B | $47.69B | $50.02B | $54.84B | $61.55B | $31.26B | $32.73B | $35.81B | $34.73B | $22.27B |
| Account Payables | $1.36B | $1.38B | $1.16B | $1.66B | $1.35B | $1.27B | $1.24B | $1.45B | $1.35B | $1.11B |
| Short Term Debt | $87.70M | $2.02B | $1.33B | $3.44B | $3.45B | $1.53B | $657.10M | $1.80B | $269.70M | $1.00B |
| Tax Payables | $192.70M | $226.80M | $279.60M | $236.90M | $288.60M | $213.00M | $121.50M | $112.90M | $97.70M | $92.40M |
| Deferred Revenue | $- | $- | $3.10B | $4.06B | $3.58B | $1.54B | $1.22B | $1.51B | $1.98B | $1.20B |
| Other Current Liabilities | $4.14B | $4.15B | $3.98B | $4.55B | $5.48B | $2.55B | $2.56B | $3.02B | $3.33B | $1.92B |
| Total Current Liabilities | $5.78B | $7.78B | $6.75B | $9.88B | $10.56B | $5.57B | $4.59B | $6.39B | $5.04B | $4.12B |
| Long Term Debt | $15.98B | $16.35B | $18.20B | $19.92B | $22.66B | $11.39B | $13.16B | $12.87B | $15.20B | $6.30B |
| Deferred Revenue Non-Current | $- | $- | $181.40M | $200.90M | $229.50M | $-1.45B | $-1.72B | $-2.01B | $-2.01B | $-718.10M |
| Deferred Tax Liabilities Non-Current | $1.11B | $1.74B | $2.43B | $2.81B | $3.12B | $1.63B | $1.72B | $2.01B | $2.01B | $718.10M |
| Other Non-Current Liabilities | $- | $1.35B | $1.58B | $1.73B | $2.25B | $785.10M | $1.10B | $1.24B | $1.36B | $1.37B |
| Total Non-Current Liabilities | $17.09B | $19.44B | $22.20B | $24.47B | $28.04B | $13.80B | $15.98B | $16.11B | $18.57B | $8.38B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $22.87B | $27.22B | $28.95B | $34.35B | $38.60B | $19.37B | $20.57B | $22.50B | $23.61B | $12.50B |
| Preferred Stock | $- | $- | $18.65B | $18.54B | $18.44B | $- | $7.59B | $8.02B | $- | $- |
| Common Stock | $516.60M | $12.20M | $12.10M | $12.10M | $12.10M | $6.10M | $6.00M | $6.00M | $6.00M | $5.50M |
| Retained Earnings | $3.42B | $4.64B | $5.18B | $3.69B | $5.36B | $6.03B | $6.01B | $5.64B | $4.94B | $4.46B |
| Accumulated Other Comprehensive Income Loss | $-3.21B | $-2.75B | $-2.76B | $-1.74B | $-858.00M | $-1.80B | $-1.44B | $-361.20M | $-2.26B | $-1.76B |
| Other Total Stockholders Equity | $17.91B | $18.56B | $18.65B | $18.54B | $18.44B | $7.64B | $7.59B | $8.02B | $8.43B | $7.06B |
| Total Stockholders Equity | $18.64B | $20.47B | $21.07B | $20.49B | $22.95B | $11.88B | $12.17B | $13.31B | $11.12B | $9.76B |
| Total Equity | $18.64B | $20.47B | $21.07B | $20.49B | $22.95B | $11.88B | $12.17B | $13.31B | $11.12B | $9.77B |
| Total Liabilities and Stockholders Equity | $41.50B | $47.69B | $50.02B | $54.84B | $61.55B | $31.26B | $32.73B | $35.81B | $34.73B | $22.27B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $1.40M | $1.40M |
| Total Liabilities and Total Equity | $41.50B | $47.69B | $50.02B | $54.84B | $61.55B | $31.26B | $32.73B | $35.81B | $34.73B | $22.27B |
| Total Investments | $1.70B | $1.33B | $306.60M | $170.60M | $132.80M | $158.00M | $196.20M | $336.60M | $480.20M | $529.50M |
| Total Debt | $15.99B | $18.37B | $19.27B | $23.07B | $25.84B | $12.67B | $13.82B | $14.66B | $15.47B | $7.31B |
| Net Debt | $15.25B | $17.38B | $18.01B | $22.37B | $24.99B | $12.20B | $13.43B | $14.37B | $14.47B | $6.07B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 30, 2018 | December 30, 2017 | December 30, 2016 | December 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-634.20M | $54.70M | $2.08B | $-1.27B | $-669.90M | $16.80M | $352.50M | $696.00M | $480.00M | $847.60M |
| Depreciation and Amortization | $2.89B | $2.74B | $3.03B | $4.51B | $2.22B | $1.84B | $1.89B | $1.73B | $1.49B | $1.10B |
| Deferred Income Tax | $-767.60M | $-387.10M | $-25.90M | $675.70M | $-213.20M | $-192.60M | $-264.30M | $-111.40M | $-609.50M | $-115.90M |
| Stock Based Compensation | $146.10M | $180.70M | $116.40M | $111.20M | $79.20M | $56.80M | $-70.60M | $74.70M | $88.90M | $92.80M |
| Change in Working Capital | $- | $-711.30M | $-922.60M | $-1.80B | $-696.30M | $-469.40M | $-385.40M | $-712.00M | $-934.70M | $-298.80M |
| Accounts Receivables | $300.10M | $78.60M | $-240.30M | $59.30M | $78.70M | $-20.00M | $340.10M | $-162.20M | $-131.80M | $65.80M |
| Inventory | $-723.40M | $-613.30M | $-259.50M | $-427.60M | $-741.90M | $-512.90M | $-547.60M | $-129.50M | $-279.30M | $-320.40M |
| Accounts Payables | $36.00M | $314.70M | $170.20M | $-70.40M | $-82.70M | $-96.30M | $220.30M | $14.40M | $87.70M | $131.80M |
| Other Working Capital | $- | $-491.30M | $-593.00M | $-1.37B | $49.60M | $63.50M | $-177.90M | $-420.30M | $-523.60M | $-44.20M |
| Other Non Cash Items | $665.40M | $922.10M | $-1.32B | $797.40M | $515.90M | $360.80M | $556.60M | $277.90M | $922.50M | $266.50M |
| Net Cash Provided by Operating Activities | $2.30B | $2.80B | $2.95B | $3.02B | $1.23B | $1.80B | $2.34B | $2.06B | $2.05B | $2.01B |
| Investments in Property Plant and Equipment | $-326.00M | $-377.00M | $-443.00M | $-509.40M | $-681.20M | $-213.20M | $-252.10M | $-275.90M | $-390.40M | $-362.90M |
| Acquisitions Net | $-350.00M | $-667.70M | $1.96B | $277.00M | $415.80M | $-148.70M | $-65.90M | $-167.00M | $-6.79B | $-693.10M |
| Purchases of Investments | $-26.00M | $-26.30M | $-30.20M | $-30.20M | $-104.80M | $-25.80M | $-63.40M | $-96.50M | $-30.20M | $-62.10M |
| Sales Maturities of Investments | $26.00M | $26.30M | $29.90M | $29.80M | $47.00M | $27.10M | $85.20M | $96.60M | $21.50M | $33.10M |
| Other Investing Activities | $2.48B | $280.60M | $1.52B | $-394.40M | $-659.10M | $-163.50M | $-892.40M | $-533.50M | $-497.50M | $-513.70M |
| Net Cash Used for Investing Activities | $1.80B | $-764.10M | $1.52B | $-117.80M | $-301.10M | $-525.40M | $-1.21B | $-976.40M | $-7.68B | $-1.57B |
| Debt Repayment | $-3.71B | $-1.25B | $-3.28B | $-2.10B | $-401.30M | $-1.10B | $-631.70M | $-1.36B | $5.50B | $696.70M |
| Common Stock Issued | $2.50M | $3.10M | $3.30M | $- | $600.00K | $8.10M | $- | $- | $13.80M | $- |
| Common Stock Repurchased | $-250.00M | $-250.00M | $- | $-17.40M | $- | $-8.40M | $-432.00M | $-500.20M | $-17.50M | $-67.50M |
| Dividends Paid | $-574.80M | $-575.60M | $-581.60M | $-399.00M | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $205.60M | $-229.80M | $-17.60M | $-513.90M | $-205.00M | $-66.10M | $-27.20M | $-33.40M | $-152.10M | $-24.40M |
| Net Cash Used Provided by Financing Activities | $-4.33B | $-2.30B | $-3.88B | $-3.01B | $-605.70M | $-1.17B | $-1.09B | $-1.89B | $5.34B | $604.80M |
| Effect of Forex Changes on Cash | $-30.70M | $-2.50M | $-38.90M | $-30.90M | $33.80M | $-7.50M | $-21.00M | $27.60M | $-9.60M | $-33.10M |
| Net Change in Cash | $-257.50M | $-268.90M | $556.30M | $-143.80M | $358.90M | $101.80M | $19.40M | $-777.10M | $-89.00M | $1.01B |
| Cash at End of Period | $736.10M | $993.60M | $1.26B | $706.20M | $850.00M | $491.10M | $389.30M | $369.90M | $1.15B | $1.24B |
| Cash at Beginning of Period | $993.60M | $1.26B | $706.20M | $850.00M | $491.10M | $389.30M | $369.90M | $1.15B | $1.24B | $225.50M |
| Operating Cash Flow | $2.30B | $2.80B | $2.95B | $3.02B | $1.23B | $1.80B | $2.34B | $2.06B | $2.05B | $2.01B |
| Capital Expenditure | $-326.00M | $-474.50M | $-443.00M | $-509.40M | $-681.20M | $-213.20M | $-252.10M | $-275.90M | $-390.40M | $-362.90M |
| Free Cash Flow | $1.98B | $2.33B | $2.51B | $2.51B | $550.60M | $1.59B | $2.09B | $1.79B | $1.66B | $1.65B |