Medtronic
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Medtronic's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $32,364,000,000. Profit margin reached 11%. Total operating expenses were $16,129,000,000.
Profit Margin
| 2015 | 20.26B | 2.67B | 13.2% |
|---|---|---|---|
| 2016 | 28.83B | 3.53B | 12.27% |
| 2017 | 29.71B | 4.02B | 13.56% |
| 2018 | 29.95B | 3.10B | 10.36% |
| 2019 | 30.55B | 4.63B | 15.16% |
| 2020 | 28.91B | 4.78B | 16.56% |
| 2021 | 30.11B | 3.60B | 11.97% |
| 2022 | 31.68B | 5.03B | 15.9% |
| 2023 | 31.22B | 3.75B | 12.03% |
| 2024 | 32.36B | 3.67B | 11.36% |
MDT Income Statement (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 32.36B | 31.22B | 31.68B | 30.11B | 28.91B | 30.55B | 29.95B | 29.71B | 28.83B | 20.26B |
Cost of revenue | 11.21B | 10.71B | 10.14B | 10.48B | 9.42B | 9.15B | 9.05B | 9.29B | 9.14B | 6.30B |
Gross profit | 21.14B | 20.50B | 21.54B | 19.63B | 19.48B | 21.40B | 20.89B | 20.41B | 19.69B | 13.95B |
Operating exp. | ||||||||||
Research and development | 2.73B | 2.69B | 2.74B | 2.49B | 2.33B | 2.33B | 2.25B | 2.19B | 2.22B | 1.64B |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 16.12B | 14.67B | 15.63B | 14.73B | 14.26B | 14.77B | 14.55B | 14.10B | 13.73B | 9.39B |
Operating income | 5.14B | 5.48B | 5.75B | 4.48B | 4.79B | 6.26B | 6.65B | 5.33B | 5.29B | 3.76B |
Other income (expenses), net | -307M | -121M | -235M | -589M | -736M | 9M | 81M | -781M | -669M | -280M |
Income before tax | 4.83B | 5.36B | 5.51B | 3.89B | 4.05B | 5.19B | 5.67B | 4.60B | 4.33B | 3.48B |
Income tax expense | 1.13B | 1.58B | 456M | 265M | -751M | 547M | 2.58B | 578M | 798M | 811M |
Net income | 3.67B | 3.75B | 5.03B | 3.60B | 4.78B | 4.63B | 3.10B | 4.02B | 3.53B | 2.67B |
Earnings per share | ||||||||||
Basic EPS | 2.77 | 2.83 | 3.75 | 2.68 | 3.57 | 3.44 | 2.29 | 2.92 | 2.51 | 2.44 |
Diluted EPS | 2.76 | 2.82 | 3.73 | 2.66 | 3.54 | 3.41 | 2.27 | 2.89 | 2.48 | 2.41 |
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