Zoetis Inc. Website

Zoetis Inc.

NYSE-ZTS

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

6,260

6,675

7,776

8,080

8,544

8,915

Total Revenues % Chg.

7.5%

6.6%

16.5%

3.9%

5.7%

8.4%

Cost of Goods Sold, Total

1,915

2,038

2,295

2,446

2,558

2,674

Gross Profit

4,345

4,637

5,481

5,634

5,986

6,241

Selling General & Admin Expenses, Total

1,636

1,713

2,001

2,009

2,151

2,218

R&D Expenses

457

463

508

539

614

659

Amortization of Goodwill and Intangible Assets

155

160

161

150

149

147

Other Operating Expenses, Total

2,248

2,336

2,670

2,698

2,914

3,024

Operating Income

2,097

2,301

2,811

2,936

3,072

3,217

Interest Expense, Total

-223

-231

-224

-221

-239

-235

Interest And Investment Income

—

—

37

12

6

50

105

105

Net Interest Expenses

-186

-219

-218

-171

-134

-130

Income (Loss) On Equity Invest.

—

—

—

—

—

—

—

—

—

Currency Exchange Gains (Loss)

-16

-21

-27

-62

-47

-62

Other Non Operating Income (Expenses)

16

7

6

18

36

-22

EBT, Excl. Unusual Items

1,911

2,068

2,572

2,721

2,927

3,003

Restructuring Charges

-38

-40

-45

-15

-55

-72

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

-4

—

—

—

—

Gain (Loss) On Sale Of Assets

—

—

—

—

—

19

-3

—

101

—

Asset Writedown

—

—

—

-30

-30

-46

-36

-36

Insurance Settlements

—

—

—

—

—

—

—

—

—

Legal Settlements

—

—

—

—

—

—

—

—

—

Other Unusual Items

-72

-17

-6

-4

-1

-1

EBT, Incl. Unusual Items

1,801

1,996

2,488

2,656

2,936

2,894

Income Tax Expense

301

360

454

545

596

552

Earnings From Continuing Operations

1,500

1,636

2,034

2,111

2,340

2,342

Minority Interest

—

—

2

3

3

4

2

Net Income

1,500

1,638

2,037

2,114

2,344

2,344

Net Income to Common Incl Extra Items

1,500

1,638

2,037

2,114

2,344

2,344

Net Income to Common Excl. Extra Items

1,500

1,638

2,037

2,114

2,344

2,344

Total Shares Outstanding

475.5

475.3

472.6

463.8

458.4

453.8

Weighted Avg. Shares Outstanding

478.1

475.5

474.3

468.9

461.2

458.2

Weighted Avg. Shares Outstanding Dil

481.8

478.6

476.7

470.4

462.3

459.1

EPS

3.1

3.4

4.3

4.5

5.1

5.1

EPS Diluted

3.1

3.4

4.3

4.5

5.1

5.1

EBITDA

2,482

2,696

3,207

3,332

3,488

3,645

Effective Tax Rate

16.7%

18%

18.2%

20.5%

20.3%

19.1%