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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Viatris's Net Income for the three months ended in Jun. 2024 was $-326 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was $-647 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Viatris's Earnings per Share (Diluted) for the three months ended in Jun. 2024 was $-0.27.
The historical data trend for Viatris's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Viatris Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Income | Get a 7-Day Free Trial | 16.80 | -669.90 | -1,269.10 | 2,078.60 | 54.70 |
Viatris Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Net Income | Get a 7-Day Free Trial | 264.00 | 331.60 | -765.60 | 113.90 | -326.40 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Viatris's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 202.9 | + | -148.2 | + | 0 | + | -1.4210854715202E-14 |
= | 55 |
Viatris's Net Income for the quarter that ended in Jun. 2024 is calculated as
Net Income | (Q: Jun. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -391.8 | + | 65.4 | + | 0 | + | 0 |
= | -326 |
Net Income for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-647 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Viatris (NAS:VTRS) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Viatris's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2024 is calculated as
Earnings per Share (Diluted) (Q: Jun. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (-326.4 | - | 0) | / | 1191.100 | |
= | -0.27 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Viatris's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Rajiv Malik | director, officer: President | BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HERTFORDSHIRE X0 AL10 9UL |
Brian Roman | officer: Global General Counsel | 1000 MYLAN BOULEVARD, CANONSBURG PA 15317 |
Anthony Mauro | officer: See Remarks | BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HERTFORDSHIRE X0 AL10 9UL |
Paul Campbell | officer: See Remarks | BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HERTFORDSHIRE X0 AL10 9UL |
Dillon Joellen Lyons | director | BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HARTFORDSHIRE X0 AL 109UL |
Xiangyang (sean) Ni | officer: President, Greater China | 1000 MYLAN BOULEVARD, CANONSBURG PA 15317 |
Andrew Cuneo | officer: See Remarks | 1000 MYLAN BOULEVARD, CANONSBURG PA 15317 |
Leo Frans Groothuis | director | 1000 MYLAN BOULEVARD, CANONSBURG PA 15317 |
Scott Andrew Smith | director | C/O CELGENE CORPORATION, 86 MORRIS AVENUE, SUMMIT NJ 07901 |
Elisha W Finney | director | C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304 |
Van Der Meer Mohr Pauline | director | 1000 MYLAN BOULEVARD, CANONSBURG PA 15317 |
Menassie Taddese | officer: See Remarks | 1000 MYLAN BOULEVARD, CANONSBURG PA 15317 |
Robert J Coury | director, officer: Executive Chairman | BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HERTFORDSHIRE X0 AL10 9UL |
W Don Cornwell | director | |
James M Kilts | director | 120 PARK AVE, NEW YORK NY 10017 |
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