Q1 2023 Non-GAAP Operating Income
Quarterly GAAP Income Statement
$ millions, except EPS
Revenues
Q1 2023
Q1 2023
Margins
Q1 2022
Q1 2022
Margins
Change
3,661
3,661
0%
COGS
Gross profit
R&D
2,079
56.8%
1,921
52.5%
8%
1,582
1,740
(9%)
43.2%
47.5%
(4.3%)
234
6.4%
225
6.2%
4%
S&M
546
14.9%
584
15.9%
(6%)
G&A
296
8.1%
296
8.1%
(0%)
Legal settlements and loss contingencies
233
6.4%
1,124
30.7%
(79%)
Impairments, restructuring and others
274
7.5%
276
7.5%
(1%)
Other income
(2)
(0.1%)
(52)
(1.4%)
(96%)
2
(713)
(100%)
Operating income (loss)
0.1%
(19.5%)
19.6%
Financial expenses, net
260
7.1%
258
7.0%
1%
Tax
(19)
7.5%*
2
(0.2%)*
N/A
Minority and share in profit
(34)
(0.9%)
(18)
(0.5%)
89%
Net income (loss) attributable to Teva
(205)
(5.6%)
(955)
(26.1%)
(79%)
# of shares (diluted, millions)
1,115
1,107
Earnings per share ($)
(0.18)
(0.86)
| 31 |
* Represents tax rate
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