← Edwards Lifesciences Corp

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $3.0b $3.4b $3.7b $4.3b $4.4b $5.2b $5.4b $6.0b $5.4b $6.1b
Cost of Revenue $797.4m $875.3m $939.4m $1.1b $1.1b $1.2b $1.1b $1.4b $1.1b $1.3b
Gross Profit $2.2b $2.6b $2.8b $3.2b $3.3b $4.0b $4.3b $4.6b $4.3b $4.7b
Operating expenses:
Operating Income (Loss) $751.2m $1.1b $748.2m $1.1b $897.6m $1.7b $1.7b $1.5b $1.4b $1.3b
Additional Financial Items
Amortization of Intangible Assets $7.6m $7.8m $2.5m $4.6m $5.4m $7.7m $5.7m $6.1m $5.6m $8.4m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — $700k — — — — —
Foreign Currency Transaction Gain (Loss), before Tax ($500k) ($5.4m) $6.7m $5.9m $12.3m $5.0m ($1.2m) $10.5m $7.1m $700k
Gain (Loss) on Investments — — — — — — ($51.5m) ($100k) $5.2m —
Gain (Loss) Related to Litigation Settlement $0 — — — — — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Domestic $378.2m $491.5m $266.1m $383.4m $151.3m $610.9m $634.4m $348.0m $265.7m ($157.5m)
Income (Loss) from Continuing Operations, Per Basic Share — — — — — — $2 $2 $2 $2
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — — $2 $2 $2 $2
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent — — — $49.7m — — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — $1.2b $916.7m $1.7b $1.8b $1.6b $1.5b $1.3b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — $1.2b $916.7m $1.7b $1.8b $1.6b $1.4b $1.1b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — $0 $0 $3.0m $1.4b $1.1b
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — $197.9m $179.4m $2.8b $13.4m
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — $197.9m $179.4m $2.8b $13.4m
Net Income (Loss) Attributable to Parent $569.5m $583.6m $722.2m $1.0b $823.4m $1.5b $1.5b $1.4b $4.2b $1.1b
Net Income (Loss) Available to Common Stockholders, Basic $569.5m $583.6m $722.2m $1.0b $823.4m $1.5b $1.5b $1.4b $4.2b $1.1b
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — $0 $0 ($3.0m) ($4.9m) ($4.1m)
Earnings Per Share, Basic $0.89 $0.92 $1.15 $1.68 $1.32 $2.41 $2.46 $2.31 $6.98 $1.84
Earnings Per Share, Diluted $0.87 $0.90 $1.13 $1.64 $1.30 $2.38 $2.44 $2.30 $6.97 $1.83
Weighted Average Number of Shares Outstanding, Basic 639.0m 632.7m 627.6m 624.9m 622.6m 623.3m 619.0m 606.7m 597.7m 584.8m
Weighted Average Number of Shares Outstanding, Diluted 653.4m 647.7m 640.8m 636.6m 631.9m 631.2m 624.2m 609.4m 599.3m 585.8m
Research and Development Expense $443.3m $552.6m $622.2m $752.7m $760.7m $903.1m $945.2m $1.1b $1.1b $1.1b
Selling, General and Administrative Expense $904.7m $984.7m $1.1b $1.2b $1.2b $1.5b $1.6b $1.8b $1.8b $2.1b
Other Nonoperating Income (Expense) ($4.9m) ($8.2m) $4.0m $8.2m $11.5m $12.7m $2.6m $14.4m $68.9m $7.2m
Interest Expense (non-operating) — — — — — — — — $19.8m $20.4m
Current Income Tax Expense (Benefit) $192.9m $424.2m $60.4m $109.1m $145.5m $242.9m $496.4m $460.7m $314.9m $282.7m
Interest Expense $19.2m $23.2m $29.9m $20.7m $15.8m $18.4m $19.2m $17.6m $19.8m $20.4m
Income Tax Expense (Benefit) $168.4m $451.3m $39.2m $119.6m $93.3m $198.9m $245.5m $198.7m $152.1m $216.9m
Interest Income (Expense), Net — — ($29.9m) — — — — — ($19.8m) ($20.4m)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — — ($100k) $200k $400k $300k ($1.1m) ($1.2m) ($600k) ($1.7m)
Other Operating Income (Expense), Net $751.2m $1.1b $0 $0 $897.6m $1.7b $1.7b $1.5b $300k $67.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.