
GlaxoSmithKline PLC
LSE:GSK

Income Statement
Earnings Waterfall
GlaxoSmithKline PLC
Revenue
|
31.4B
GBP
|
Cost of Revenue
|
-8.8B
GBP
|
Gross Profit
|
22.6B
GBP
|
Operating Expenses
|
-14.4B
GBP
|
Operating Income
|
8.1B
GBP
|
Other Expenses
|
-5.6B
GBP
|
Net Income
|
2.6B
GBP
|
Income Statement
GlaxoSmithKline PLC
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
23 006
N/A
|
23 015
+0%
|
23 342
+1%
|
23 823
+2%
|
23 923
+0%
|
24 530
+3%
|
25 174
+3%
|
26 589
+6%
|
27 889
+5%
|
29 044
+4%
|
29 832
+3%
|
30 133
+1%
|
30 186
+0%
|
30 024
-1%
|
30 014
0%
|
30 263
+1%
|
30 821
+2%
|
31 260
+1%
|
31 759
+2%
|
33 052
+4%
|
33 754
+2%
|
35 183
+4%
|
34 998
-1%
|
34 259
-2%
|
24 354
-29%
|
32 427
+33%
|
30 641
-6%
|
28 622
-7%
|
24 696
-14%
|
26 731
+8%
|
27 822
+4%
|
29 024
+4%
|
29 324
+1%
|
29 085
-1%
|
29 334
+1%
|
29 652
+1%
|
30 328
+2%
|
30 740
+1%
|
31 446
+2%
|
31 311
0%
|
31 376
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(7 038)
|
(7 210)
|
(7 432)
|
(7 746)
|
(8 042)
|
(8 235)
|
(8 396)
|
(8 773)
|
(8 898)
|
(9 180)
|
(9 254)
|
(9 252)
|
(9 317)
|
(9 283)
|
(9 360)
|
(9 440)
|
(9 572)
|
(9 770)
|
(9 994)
|
(10 449)
|
(10 168)
|
(11 199)
|
(11 197)
|
(10 939)
|
(7 321)
|
(10 520)
|
(9 774)
|
(9 018)
|
(8 006)
|
(9 096)
|
(9 549)
|
(9 973)
|
(8 467)
|
(8 602)
|
(8 358)
|
(8 207)
|
(8 363)
|
(8 375)
|
(8 540)
|
(8 628)
|
(8 817)
|
|
Gross Profit |
15 968
N/A
|
15 805
-1%
|
15 910
+1%
|
16 077
+1%
|
15 881
-1%
|
16 295
+3%
|
16 778
+3%
|
17 816
+6%
|
18 991
+7%
|
19 864
+5%
|
20 578
+4%
|
20 881
+1%
|
20 869
0%
|
20 741
-1%
|
20 654
0%
|
20 823
+1%
|
21 249
+2%
|
21 490
+1%
|
21 765
+1%
|
22 603
+4%
|
23 586
+4%
|
23 984
+2%
|
23 801
-1%
|
23 320
-2%
|
17 033
-27%
|
21 907
+29%
|
20 867
-5%
|
19 604
-6%
|
16 690
-15%
|
17 635
+6%
|
18 273
+4%
|
19 051
+4%
|
20 857
+9%
|
20 483
-2%
|
20 976
+2%
|
21 445
+2%
|
21 965
+2%
|
22 365
+2%
|
22 906
+2%
|
22 683
-1%
|
22 559
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(10 497)
|
(10 517)
|
(10 656)
|
(10 757)
|
(10 915)
|
(11 030)
|
(11 013)
|
(11 471)
|
(11 947)
|
(12 395)
|
(12 853)
|
(12 924)
|
(12 883)
|
(12 827)
|
(12 706)
|
(12 813)
|
(12 886)
|
(13 246)
|
(13 519)
|
(14 157)
|
(14 702)
|
(15 277)
|
(15 508)
|
(15 137)
|
(11 039)
|
(14 583)
|
(13 640)
|
(12 830)
|
(10 941)
|
(11 281)
|
(11 558)
|
(11 947)
|
(12 462)
|
(12 905)
|
(13 228)
|
(13 514)
|
(13 661)
|
(14 544)
|
(14 751)
|
(14 772)
|
(14 422)
|
|
Selling, General & Administrative |
(7 622)
|
(7 654)
|
(7 826)
|
(7 945)
|
(8 128)
|
(8 253)
|
(8 187)
|
(8 505)
|
(8 859)
|
(9 130)
|
(9 349)
|
(9 397)
|
(9 341)
|
(9 280)
|
(9 320)
|
(9 353)
|
(9 408)
|
(9 573)
|
(9 672)
|
(10 127)
|
(10 671)
|
(11 104)
|
(11 201)
|
(10 910)
|
(7 025)
|
(10 246)
|
(9 362)
|
(8 508)
|
(6 749)
|
(7 057)
|
(7 366)
|
(7 711)
|
(8 128)
|
(8 423)
|
(8 659)
|
(8 876)
|
(9 029)
|
(8 942)
|
(8 974)
|
(8 859)
|
(8 974)
|
|
Research & Development |
(3 113)
|
(3 118)
|
(3 083)
|
(3 071)
|
(3 096)
|
(3 082)
|
(3 151)
|
(3 297)
|
(3 468)
|
(3 612)
|
(3 865)
|
(3 887)
|
(3 862)
|
(3 830)
|
(3 645)
|
(3 708)
|
(3 726)
|
(3 819)
|
(3 991)
|
(4 194)
|
(4 338)
|
(4 454)
|
(4 585)
|
(4 470)
|
(4 322)
|
(4 594)
|
(4 529)
|
(4 592)
|
(4 525)
|
(4 591)
|
(4 640)
|
(4 825)
|
(5 062)
|
(5 196)
|
(5 356)
|
(5 488)
|
(5 750)
|
(5 887)
|
(5 987)
|
(5 986)
|
(6 023)
|
|
Depreciation & Amortization |
(72)
|
(62)
|
(54)
|
(46)
|
(41)
|
(38)
|
(39)
|
(41)
|
(41)
|
(42)
|
(43)
|
(44)
|
(45)
|
(44)
|
(43)
|
(41)
|
(44)
|
(51)
|
(58)
|
(62)
|
(64)
|
(64)
|
(64)
|
(66)
|
(75)
|
(85)
|
(93)
|
(103)
|
(101)
|
(99)
|
(100)
|
(100)
|
(91)
|
(86)
|
(80)
|
(74)
|
(72)
|
(68)
|
(61)
|
(54)
|
(55)
|
|
Other Operating Expenses |
310
|
317
|
307
|
305
|
350
|
343
|
364
|
372
|
421
|
389
|
404
|
404
|
365
|
327
|
302
|
289
|
292
|
197
|
202
|
226
|
371
|
345
|
342
|
309
|
383
|
342
|
344
|
373
|
434
|
466
|
548
|
689
|
819
|
800
|
867
|
924
|
1 190
|
353
|
271
|
127
|
630
|
|
Operating Income |
5 471
N/A
|
5 288
-3%
|
5 254
-1%
|
5 320
+1%
|
4 966
-7%
|
5 265
+6%
|
5 765
+9%
|
6 345
+10%
|
7 044
+11%
|
7 469
+6%
|
7 725
+3%
|
7 957
+3%
|
7 986
+0%
|
7 914
-1%
|
7 948
+0%
|
8 010
+1%
|
8 363
+4%
|
8 244
-1%
|
8 246
+0%
|
8 446
+2%
|
8 884
+5%
|
8 707
-2%
|
8 293
-5%
|
8 183
-1%
|
5 994
-27%
|
7 324
+22%
|
7 227
-1%
|
6 774
-6%
|
5 749
-15%
|
6 354
+11%
|
6 715
+6%
|
7 104
+6%
|
8 395
+18%
|
7 578
-10%
|
7 748
+2%
|
7 931
+2%
|
8 304
+5%
|
7 821
-6%
|
8 155
+4%
|
7 911
-3%
|
8 137
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(629)
|
(602)
|
(635)
|
(636)
|
(2 313)
|
(666)
|
(649)
|
(650)
|
(4 292)
|
(664)
|
(675)
|
(692)
|
(2 785)
|
(621)
|
(608)
|
(642)
|
(2 441)
|
(686)
|
(741)
|
(729)
|
(580)
|
(786)
|
(775)
|
(766)
|
(1 620)
|
(811)
|
(771)
|
(772)
|
(2 356)
|
(745)
|
(761)
|
(752)
|
(1 439)
|
(782)
|
(751)
|
(730)
|
(1 295)
|
(641)
|
(638)
|
(605)
|
(2 535)
|
|
Non-Reccuring Items |
(1 874)
|
7 302
|
6 535
|
6 789
|
7 903
|
(3 436)
|
(4 423)
|
(4 595)
|
(782)
|
(3 876)
|
(3 981)
|
(3 759)
|
(1 666)
|
(4 211)
|
(3 466)
|
(3 500)
|
(1 038)
|
(2 570)
|
(1 867)
|
(1 833)
|
(2 051)
|
(1 160)
|
620
|
441
|
1 205
|
138
|
(1 376)
|
(1 401)
|
(355)
|
(950)
|
(1 469)
|
(2 047)
|
(529)
|
(1 355)
|
(465)
|
110
|
(897)
|
(1 668)
|
(2 497)
|
(4 013)
|
(2 343)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(30)
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(84)
|
0
|
0
|
0
|
(32)
|
0
|
0
|
0
|
(409)
|
0
|
0
|
0
|
561
|
0
|
0
|
0
|
(799)
|
0
|
0
|
0
|
(48)
|
0
|
0
|
0
|
218
|
|
Pre-Tax Income |
2 968
N/A
|
11 988
+304%
|
11 154
-7%
|
11 473
+3%
|
10 526
-8%
|
1 163
-89%
|
693
-40%
|
1 100
+59%
|
1 939
+76%
|
2 929
+51%
|
3 069
+5%
|
3 506
+14%
|
3 525
+1%
|
3 082
-13%
|
3 874
+26%
|
3 868
0%
|
4 800
+24%
|
4 988
+4%
|
5 638
+13%
|
5 884
+4%
|
6 221
+6%
|
6 761
+9%
|
8 138
+20%
|
7 858
-3%
|
5 170
-34%
|
6 651
+29%
|
5 080
-24%
|
4 601
-9%
|
3 599
-22%
|
4 659
+29%
|
4 485
-4%
|
4 305
-4%
|
5 628
+31%
|
5 441
-3%
|
6 532
+20%
|
7 311
+12%
|
6 064
-17%
|
5 512
-9%
|
5 020
-9%
|
3 293
-34%
|
3 477
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(137)
|
(1 838)
|
(1 591)
|
(1 648)
|
(2 154)
|
(477)
|
(614)
|
(783)
|
(877)
|
(996)
|
(730)
|
(657)
|
(278)
|
(299)
|
(530)
|
(407)
|
(879)
|
(591)
|
(666)
|
(708)
|
(953)
|
(799)
|
(786)
|
(792)
|
(67)
|
(682)
|
(280)
|
(285)
|
(83)
|
(251)
|
(602)
|
(589)
|
(707)
|
(660)
|
(752)
|
(776)
|
(756)
|
(754)
|
(703)
|
(445)
|
(526)
|
|
Income from Continuing Operations |
2 831
|
10 150
|
9 563
|
9 825
|
8 372
|
686
|
79
|
317
|
1 062
|
1 933
|
2 339
|
2 849
|
3 247
|
2 783
|
3 344
|
3 461
|
3 921
|
4 397
|
4 972
|
5 176
|
5 268
|
5 962
|
7 352
|
7 066
|
5 103
|
5 969
|
4 800
|
4 316
|
3 516
|
4 408
|
3 883
|
3 716
|
4 921
|
4 781
|
5 780
|
6 535
|
5 308
|
4 758
|
4 317
|
2 848
|
2 951
|
|
Income to Minority Interest |
(75)
|
27
|
109
|
(16)
|
50
|
(71)
|
(48)
|
(16)
|
(150)
|
(257)
|
(408)
|
(514)
|
(637)
|
(670)
|
(610)
|
(521)
|
(423)
|
(368)
|
(420)
|
(490)
|
(623)
|
(582)
|
(673)
|
(695)
|
(639)
|
(712)
|
(678)
|
(692)
|
(711)
|
(889)
|
(883)
|
(721)
|
(665)
|
(441)
|
(425)
|
(457)
|
(380)
|
(274)
|
(284)
|
(337)
|
(376)
|
|
Net Income (Common) |
2 756
N/A
|
10 177
+269%
|
9 672
-5%
|
9 809
+1%
|
8 422
-14%
|
615
-93%
|
31
-95%
|
301
+871%
|
912
+203%
|
1 676
+84%
|
1 931
+15%
|
2 335
+21%
|
1 532
-34%
|
1 035
-32%
|
1 656
+60%
|
1 862
+12%
|
3 623
+95%
|
3 904
+8%
|
4 427
+13%
|
4 561
+3%
|
4 645
+2%
|
5 380
+16%
|
6 679
+24%
|
6 371
-5%
|
5 749
-10%
|
5 257
-9%
|
4 389
-17%
|
4 313
-2%
|
4 385
+2%
|
5 114
+17%
|
4 557
-11%
|
13 704
+201%
|
14 956
+9%
|
14 644
-2%
|
15 430
+5%
|
6 579
-57%
|
4 928
-25%
|
4 484
-9%
|
4 033
-10%
|
2 511
-38%
|
2 575
+3%
|
|
EPS (Diluted) |
0.56
N/A
|
2.1
+275%
|
2
-5%
|
2.03
+1%
|
1.72
-15%
|
0.13
-92%
|
0.01
-92%
|
0.07
+600%
|
0.23
+229%
|
0.34
+48%
|
0.39
+15%
|
0.47
+21%
|
0.38
-19%
|
0.2
-47%
|
0.33
+65%
|
0.37
+12%
|
0.91
+146%
|
0.78
-14%
|
0.88
+13%
|
0.91
+3%
|
1.16
+27%
|
1.07
-8%
|
1.33
+24%
|
1.27
-5%
|
1.42
+12%
|
1.3
-8%
|
1.37
+5%
|
1.06
-23%
|
1.08
+2%
|
1.58
+46%
|
1.41
-11%
|
3.35
+138%
|
3.66
+9%
|
3.58
-2%
|
3.76
+5%
|
1.59
-58%
|
1.2
-25%
|
1.09
-9%
|
0.98
-10%
|
0.61
-38%
|
0.62
+2%
|