← GILEAD SCIENCES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $13.5b | $4.6b | $5.5b | $5.4b | $123.0m | $6.2b | $4.6b | $5.7b | $480.0m | $8.5b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($13.0m) | $16.0m | $5.0m | ($22.0m) | ($34.0m) | ($24.0m) | ($26.0m) | ($52.0m) | $0 | $0 | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $13.5b | $4.6b | $5.5b | $5.4b | $89.0m | $6.2b | $4.6b | $5.6b | $480.0m | $8.5b | |
| Amortization | $981.0m | $1.1b | $1.2b | $1.1b | $1.2b | $1.7b | $1.8b | $2.3b | $2.4b | $2.4b | |
| Amortization expense | $981.0m | $1.1b | $1.2b | $1.1b | $1.2b | $1.7b | $1.8b | $2.3b | $2.4b | $2.4b | |
| Amortization of Intangible Assets | — | — | — | — | — | — | $1.8b | $2.3b | $2.4b | $2.4b | |
| Depreciation | $177.0m | $233.0m | $226.0m | $255.0m | $288.0m | $329.0m | $323.0m | $354.0m | $381.0m | $370.0m | |
| Depreciation expense | $177.0m | $233.0m | $226.0m | $255.0m | $288.0m | $329.0m | $323.0m | $354.0m | $381.0m | $370.0m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | ($1.6b) | ($962.0m) | ($1.8b) | $160.0m | |
| Deferred income taxes | ($119.0m) | ($82.0m) | $289.0m | ($2.1b) | ($214.0m) | ($116.0m) | ($1.6b) | ($962.0m) | ($1.8b) | $160.0m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $432.0m | $0 | $820.0m | $800.0m | $0 | $0 | $2.7b | $50.0m | $4.2b | $590.0m | |
| In-process research and development impairments | $432.0m | $0 | $820.0m | $800.0m | $0 | $0 | $2.7b | $50.0m | $4.2b | $590.0m | |
| Share-based Payment Arrangement, Expense | $380.0m | $649.0m | $845.0m | $636.0m | $1.1b | $635.0m | $645.0m | $796.0m | $969.0m | $894.0m | |
| Share-based Payment Arrangement, Noncash Expense | $380.0m | $638.0m | $845.0m | $636.0m | $643.0m | $635.0m | $637.0m | $766.0m | $835.0m | $894.0m | |
| Income Tax Expense (Benefit) | $3.6b | $8.9b | $2.3b | ($204.0m) | $1.6b | $2.1b | $1.2b | $1.2b | $211.0m | $1.3b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $977.0m | $1.0b | |
| Operating Lease, Expense | — | — | — | $162.0m | $171.0m | $156.0m | $162.0m | $165.0m | $163.0m | $169.0m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | ($2.0m) | ($1.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable | $47.0m | ($430.0m) | ($39.0m) | ($61.0m) | $80.0m | ($118.0m) | $226.0m | ($347.0m) | $290.0m | ($132.0m) | |
| Accounts receivable, net | $1.2b | $754.0m | $480.0m | ($218.0m) | ($1.2b) | $313.0m | ($406.0m) | $157.0m | $139.0m | ($367.0m) | |
| Accrued and other liabilities | $425.0m | ($818.0m) | ($514.0m) | ($389.0m) | $640.0m | $689.0m | ($775.0m) | $458.0m | $108.0m | $6.0m | |
| Acquired in-process research and development expenses | — | — | $0 | $4.3b | $5.9b | $177.0m | $944.0m | $1.2b | $4.7b | $1.0b | |
| Acquisitions, including in-process research and development, net of cash acquired | $0 | ($10.4b) | $0 | $0 | ($25.7b) | ($1.4b) | ($1.8b) | ($1.2b) | ($4.8b) | ($1.1b) | |
| Equity Securities, FV-NI, Gain (Loss) | — | $0 | ($115.0m) | ($1.2b) | $1.7b | $610.0m | $657.0m | $167.0m | ($274.0m) | $451.0m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | $0 | ($115.0m) | ($1.2b) | $1.7b | $610.0m | $657.0m | $167.0m | $274.0m | $404.0m | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | ($128.0m) | — | — | — | — | — | — | — | — | — | |
| Goodwill | $1.2b | $4.2b | $4.1b | $4.1b | $8.1b | $8.3b | $8.3b | $8.3b | $8.3b | $8.3b | |
| Income tax assets and liabilities, net | — | — | — | — | — | ($361.0m) | ($364.0m) | ($1.8b) | ($732.0m) | ($2.1b) | |
| Increase (Decrease) in Accounts Payable | $47.0m | ($430.0m) | ($39.0m) | ($61.0m) | $80.0m | ($118.0m) | $226.0m | ($347.0m) | $290.0m | ($132.0m) | |
| Increase (Decrease) in Accounts Receivable | ($1.2b) | ($754.0m) | ($480.0m) | $218.0m | $1.2b | ($313.0m) | $406.0m | ($157.0m) | ($139.0m) | $367.0m | |
| Increase (Decrease) in Inventories | $488.0m | $253.0m | $310.0m | $95.0m | $195.0m | ($11.0m) | $310.0m | $842.0m | $426.0m | $1.0b | |
| Inventories | ($488.0m) | ($253.0m) | ($310.0m) | ($95.0m) | ($195.0m) | $11.0m | ($310.0m) | ($842.0m) | ($426.0m) | ($1.0b) | |
| Inventory Write-down | — | — | $572.0m | $649.0m | — | $228.0m | — | — | — | — | |
| Net (gain) loss from equity securities | — | $0 | ($115.0m) | ($1.2b) | $1.7b | $610.0m | $657.0m | $167.0m | $274.0m | ($451.0m) | |
| Nonoperating Income (Expense) | $428.0m | $523.0m | $676.0m | $1.9b | ($1.4b) | ($639.0m) | ($581.0m) | $198.0m | $6.0m | $798.0m | |
| Other, net | $162.0m | $304.0m | $56.0m | $184.0m | $250.0m | $1.2b | $780.0m | $826.0m | $353.0m | $480.0m | |
| Prepaid expenses and other | ($520.0m) | $358.0m | $903.0m | ($307.0m) | ($214.0m) | ($42.0m) | $70.0m | $39.0m | ($259.0m) | ($311.0m) | |
| Purchases of equity securities | ($357.0m) | $0 | ($346.0m) | ($1.8b) | ($455.0m) | ($380.0m) | ($172.0m) | ($442.0m) | ($492.0m) | ($133.0m) | |
| Purchases of marketable debt securities | — | ($23.3b) | ($10.2b) | ($30.5b) | ($20.3b) | ($3.5b) | ($1.8b) | ($1.9b) | ($244.0m) | ($3.9b) | |
| Stock-based compensation expense | $380.0m | $638.0m | $845.0m | $636.0m | $643.0m | $635.0m | $637.0m | $766.0m | $835.0m | $894.0m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($8.0m) | ($28.0m) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $16.7b | $11.9b | $8.4b | $9.1b | $8.2b | $11.4b | $9.1b | $8.0b | $10.8b | $10.0b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $748.0m | $590.0m | $924.0m | $825.0m | $650.0m | $579.0m | $728.0m | $585.0m | $523.0m | $563.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $10.4b | $0 | $0 | $25.7b | $1.4b | $1.8b | $1.2b | $4.8b | $1.1b | |
| Other investing activities, net | — | $0 | ($190.0m) | ($384.0m) | ($171.0m) | ($163.0m) | ($1.0m) | ($1.0m) | $58.0m | $2.0m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $384.0m | $171.0m | $163.0m | $1.0m | $1.0m | ($58.0m) | ($2.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($12.0b) | ($16.1b) | $14.4b | ($7.8b) | ($14.6b) | ($3.1b) | ($2.5b) | ($2.3b) | ($3.4b) | ($4.8b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $1.7b | $7.8b | $24.3b | $22.4b | $9.5b | $2.2b | $1.6b | $1.3b | $327.0m | $55.0m | |
| Proceeds from debt financing, net of issuance costs | $5.3b | $9.0b | $0 | $0 | $8.2b | $0 | $0 | $2.0b | $3.5b | $0 | |
| Proceeds from maturities of marketable debt securities | $1.7b | $7.8b | $24.3b | $22.4b | $9.5b | $2.2b | $1.6b | $1.3b | $327.0m | $55.0m | |
| Proceeds from sales of marketable debt securities | — | $10.4b | $1.5b | $7.5b | $23.2b | $730.0m | $412.0m | $510.0m | $2.3b | $854.0m | |
| Repayments of Long-term Debt | — | — | — | — | — | $4.8b | — | — | — | — | |
| Repayments of debt and other obligations | ($2.0b) | ($1.8b) | ($6.2b) | ($2.8b) | ($2.5b) | ($4.8b) | ($1.5b) | ($2.2b) | ($2.0b) | ($1.8b) | |
| Proceeds from Issuance of Common Stock | $208.0m | $234.0m | $289.0m | $209.0m | $256.0m | $169.0m | $309.0m | $232.0m | $422.0m | $408.0m | |
| Proceeds from issuances of common stock | $208.0m | $234.0m | $289.0m | $209.0m | $256.0m | $169.0m | $309.0m | $232.0m | $422.0m | $408.0m | |
| Payments for Repurchase of Common Stock | $11.0b | $954.0m | $2.9b | $1.7b | $1.6b | $546.0m | $1.4b | $1.0b | $1.1b | $1.9b | |
| Repurchases of common stock under repurchase programs | ($11.0b) | ($954.0m) | ($2.9b) | ($1.7b) | ($1.6b) | ($546.0m) | ($1.4b) | ($1.0b) | ($1.1b) | ($1.9b) | |
| Proceeds from (Payments to) Noncontrolling Interests | ($90.0m) | — | — | — | — | — | — | — | — | — | |
| Dividends paid | $2.5b | $2.7b | $3.0b | $3.2b | $3.4b | $3.6b | $3.7b | $3.8b | $3.9b | $4.0b | |
| Payments of dividends | ($2k) | ($3k) | ($3k) | ($3k) | ($3k) | ($4k) | ($4k) | ($4k) | ($4k) | ($4k) | |
| Other financing activities, net | ($276.0m) | ($330.0m) | ($486.0m) | ($122.0m) | ($138.0m) | ($145.0m) | ($173.0m) | ($279.0m) | ($281.0m) | ($440.0m) | |
| Proceeds from (Payments for) Other Financing Activities | — | ($330.0m) | ($486.0m) | ($122.0m) | ($138.0m) | ($145.0m) | ($173.0m) | ($279.0m) | ($281.0m) | ($440.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($9.3b) | $3.4b | ($12.3b) | ($7.6b) | $770.0m | ($8.9b) | ($6.5b) | ($5.1b) | ($3.4b) | ($7.7b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $41.0m | — | ($85.0m) | ($2.0m) | $43.0m | ($35.0m) | ($63.0m) | $57.0m | ($40.0m) | $92.0m | |
| Effect of exchange rate changes on cash and cash equivalents | $41.0m | $137.0m | ($85.0m) | ($2.0m) | $43.0m | ($35.0m) | ($63.0m) | $57.0m | ($40.0m) | $92.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $41.0m | $137.0m | ($85.0m) | ($6.3b) | ($5.6b) | ($659.0m) | $74.0m | $673.0m | $3.9b | ($2.4b) | |
| Cash and cash equivalents at beginning of period | $12.9b | $8.2b | $7.6b | $11.6b | $6.0b | $5.3b | $5.4b | $6.1b | $10.0b | $7.6b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $11.6b | $6.0b | $5.3b | $5.4b | $6.1b | $10.0b | $7.6b | |
| Net change in cash and cash equivalents | ($4.6b) | ($641.0m) | $10.4b | ($6.3b) | ($5.6b) | ($659.0m) | $74.0m | $673.0m | $3.9b | ($2.4b) | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $885.0m | $1.0b | $1.1b | $982.0m | $951.0m | $979.0m | $907.0m | $891.0m | $951.0m | $1.0b | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $3.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.