
Edwards Lifesciences Corp
NYSE:EW

Income Statement
Earnings Waterfall
Edwards Lifesciences Corp
Revenue
|
5.4B
USD
|
Cost of Revenue
|
-1.1B
USD
|
Gross Profit
|
4.3B
USD
|
Operating Expenses
|
-2.8B
USD
|
Operating Income
|
1.5B
USD
|
Other Expenses
|
2.7B
USD
|
Net Income
|
4.2B
USD
|
Income Statement
Edwards Lifesciences Corp
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 |
2 323
N/A
|
2 391
+3%
|
2 433
+2%
|
2 441
+0%
|
2 494
+2%
|
2 601
+4%
|
2 743
+5%
|
2 867
+5%
|
2 964
+3%
|
3 150
+6%
|
3 232
+3%
|
3 315
+3%
|
3 435
+4%
|
3 447
+0%
|
3 549
+3%
|
3 634
+2%
|
3 723
+2%
|
3 821
+3%
|
3 964
+4%
|
4 152
+5%
|
4 348
+5%
|
4 484
+3%
|
4 322
-4%
|
4 369
+1%
|
4 386
+0%
|
4 474
+2%
|
4 925
+10%
|
5 095
+3%
|
5 233
+3%
|
5 357
+2%
|
5 355
0%
|
5 364
+0%
|
4 464
-17%
|
5 501
+23%
|
5 657
+3%
|
5 819
+3%
|
5 010
-14%
|
5 892
+18%
|
5 748
-2%
|
5 621
-2%
|
5 440
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(626)
|
(616)
|
(623)
|
(602)
|
(617)
|
(662)
|
(705)
|
(760)
|
(797)
|
(833)
|
(841)
|
(853)
|
(875)
|
(893)
|
(928)
|
(940)
|
(939)
|
(938)
|
(995)
|
(1 063)
|
(1 114)
|
(1 148)
|
(1 082)
|
(1 071)
|
(1 081)
|
(1 109)
|
(1 205)
|
(1 236)
|
(1 249)
|
(1 255)
|
(1 190)
|
(1 130)
|
(724)
|
(1 109)
|
(1 183)
|
(1 281)
|
(978)
|
(1 347)
|
(1 289)
|
(1 201)
|
(1 118)
|
|
Gross Profit |
1 697
N/A
|
1 775
+5%
|
1 809
+2%
|
1 839
+2%
|
1 877
+2%
|
1 939
+3%
|
2 038
+5%
|
2 107
+3%
|
2 166
+3%
|
2 317
+7%
|
2 391
+3%
|
2 461
+3%
|
2 560
+4%
|
2 553
0%
|
2 620
+3%
|
2 694
+3%
|
2 783
+3%
|
2 883
+4%
|
2 969
+3%
|
3 089
+4%
|
3 234
+5%
|
3 336
+3%
|
3 240
-3%
|
3 298
+2%
|
3 306
+0%
|
3 365
+2%
|
3 720
+11%
|
3 859
+4%
|
3 984
+3%
|
4 102
+3%
|
4 165
+2%
|
4 233
+2%
|
3 740
-12%
|
4 392
+17%
|
4 475
+2%
|
4 538
+1%
|
4 032
-11%
|
4 546
+13%
|
4 459
-2%
|
4 420
-1%
|
4 322
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 206)
|
(1 211)
|
(1 218)
|
(1 220)
|
(1 233)
|
(1 265)
|
(1 305)
|
(1 338)
|
(1 353)
|
(1 399)
|
(1 428)
|
(1 460)
|
(1 540)
|
(1 577)
|
(1 631)
|
(1 684)
|
(1 705)
|
(1 760)
|
(1 827)
|
(1 901)
|
(1 987)
|
(2 021)
|
(1 992)
|
(1 986)
|
(2 003)
|
(2 043)
|
(2 064)
|
(2 173)
|
(2 273)
|
(2 335)
|
(2 477)
|
(2 472)
|
(2 165)
|
(2 579)
|
(2 652)
|
(2 764)
|
(2 519)
|
(2 863)
|
(2 874)
|
(2 861)
|
(2 842)
|
|
Selling, General & Administrative |
(858)
|
(863)
|
(862)
|
(852)
|
(851)
|
(861)
|
(876)
|
(893)
|
(905)
|
(922)
|
(937)
|
(952)
|
(986)
|
(1 013)
|
(1 044)
|
(1 068)
|
(1 089)
|
(1 113)
|
(1 144)
|
(1 181)
|
(1 240)
|
(1 268)
|
(1 236)
|
(1 237)
|
(1 228)
|
(1 251)
|
(1 351)
|
(1 408)
|
(1 494)
|
(1 533)
|
(1 568)
|
(1 581)
|
(1 358)
|
(1 634)
|
(1 693)
|
(1 756)
|
(1 583)
|
(1 821)
|
(1 803)
|
(1 785)
|
(1 789)
|
|
Research & Development |
(347)
|
(347)
|
(356)
|
(369)
|
(383)
|
(399)
|
(415)
|
(427)
|
(443)
|
(470)
|
(491)
|
(521)
|
(553)
|
(567)
|
(587)
|
(606)
|
(622)
|
(650)
|
(688)
|
(722)
|
(753)
|
(769)
|
(759)
|
(759)
|
(761)
|
(780)
|
(824)
|
(866)
|
(903)
|
(925)
|
(950)
|
(946)
|
(844)
|
(978)
|
(997)
|
(1 034)
|
(963)
|
(1 068)
|
(1 071)
|
(1 054)
|
(1 053)
|
|
Other Operating Expenses |
(1)
|
(1)
|
(0)
|
1
|
1
|
(5)
|
(15)
|
(18)
|
(5)
|
(7)
|
0
|
13
|
(2)
|
4
|
(1)
|
(9)
|
6
|
3
|
6
|
2
|
6
|
15
|
3
|
10
|
(14)
|
(11)
|
111
|
101
|
124
|
123
|
41
|
54
|
36
|
32
|
38
|
26
|
26
|
27
|
0
|
(22)
|
0
|
|
Operating Income |
492
N/A
|
564
+15%
|
592
+5%
|
619
+5%
|
643
+4%
|
674
+5%
|
732
+9%
|
769
+5%
|
814
+6%
|
919
+13%
|
963
+5%
|
1 001
+4%
|
1 020
+2%
|
976
-4%
|
989
+1%
|
1 010
+2%
|
1 078
+7%
|
1 123
+4%
|
1 142
+2%
|
1 187
+4%
|
1 247
+5%
|
1 315
+5%
|
1 248
-5%
|
1 312
+5%
|
1 303
-1%
|
1 322
+1%
|
1 657
+25%
|
1 685
+2%
|
1 711
+2%
|
1 767
+3%
|
1 688
-4%
|
1 761
+4%
|
1 575
-11%
|
1 813
+15%
|
1 822
+1%
|
1 774
-3%
|
1 512
-15%
|
1 683
+11%
|
1 585
-6%
|
1 559
-2%
|
1 480
-5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(21)
|
(17)
|
(18)
|
(16)
|
(14)
|
(12)
|
(1)
|
1
|
(9)
|
(5)
|
(18)
|
(12)
|
2
|
(5)
|
4
|
10
|
17
|
23
|
14
|
19
|
21
|
35
|
37
|
33
|
21
|
19
|
19
|
13
|
10
|
1
|
2
|
7
|
16
|
31
|
38
|
48
|
59
|
70
|
74
|
83
|
107
|
|
Non-Reccuring Items |
673
|
682
|
(16)
|
(15)
|
(7)
|
(19)
|
(62)
|
(66)
|
(67)
|
(65)
|
(60)
|
(78)
|
13
|
25
|
58
|
74
|
(323)
|
(353)
|
(357)
|
(357)
|
(100)
|
(84)
|
(455)
|
(455)
|
(405)
|
(399)
|
(22)
|
(18)
|
(21)
|
(21)
|
(25)
|
(86)
|
(73)
|
(115)
|
(256)
|
(193)
|
(204)
|
(186)
|
(46)
|
(88)
|
(46)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
9
|
(2)
|
(8)
|
(11)
|
(17)
|
(3)
|
(3)
|
(2)
|
(13)
|
(17)
|
(12)
|
(1)
|
(0)
|
2
|
1
|
2
|
2
|
3
|
3
|
1
|
1
|
(0)
|
6
|
5
|
7
|
9
|
31
|
7
|
|
Pre-Tax Income |
1 144
N/A
|
1 229
+7%
|
558
-55%
|
588
+5%
|
622
+6%
|
643
+3%
|
670
+4%
|
705
+5%
|
738
+5%
|
848
+15%
|
885
+4%
|
911
+3%
|
1 035
+14%
|
1 005
-3%
|
1 050
+5%
|
1 087
+4%
|
761
-30%
|
776
+2%
|
796
+3%
|
849
+7%
|
1 167
+37%
|
1 253
+7%
|
814
-35%
|
876
+8%
|
917
+5%
|
942
+3%
|
1 655
+76%
|
1 682
+2%
|
1 702
+1%
|
1 749
+3%
|
1 668
-5%
|
1 684
+1%
|
1 520
-10%
|
1 730
+14%
|
1 604
-7%
|
1 636
+2%
|
1 372
-16%
|
1 573
+15%
|
1 621
+3%
|
1 584
-2%
|
1 548
-2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(333)
|
(355)
|
(118)
|
(125)
|
(128)
|
(129)
|
(142)
|
(153)
|
(168)
|
(192)
|
(169)
|
(167)
|
(157)
|
(159)
|
(116)
|
(102)
|
(23)
|
23
|
(30)
|
(30)
|
(117)
|
(142)
|
(67)
|
(79)
|
(93)
|
(91)
|
(193)
|
(205)
|
(199)
|
(210)
|
(213)
|
(226)
|
(196)
|
(241)
|
(216)
|
(208)
|
(152)
|
(187)
|
(174)
|
(160)
|
(152)
|
|
Income from Continuing Operations |
811
|
874
|
440
|
463
|
495
|
515
|
528
|
552
|
570
|
657
|
716
|
745
|
878
|
846
|
934
|
985
|
738
|
798
|
766
|
820
|
1 050
|
1 111
|
746
|
797
|
823
|
851
|
1 462
|
1 477
|
1 503
|
1 539
|
1 455
|
1 459
|
1 324
|
1 489
|
1 388
|
1 428
|
1 220
|
1 386
|
1 447
|
1 425
|
1 396
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
3
|
3
|
4
|
4
|
4
|
5
|
|
Net Income (Common) |
811
N/A
|
874
+8%
|
440
-50%
|
463
+5%
|
495
+7%
|
515
+4%
|
528
+3%
|
552
+4%
|
570
+3%
|
657
+15%
|
716
+9%
|
745
+4%
|
584
-22%
|
560
-4%
|
657
+17%
|
712
+8%
|
722
+1%
|
765
+6%
|
725
-5%
|
774
+7%
|
1 047
+35%
|
1 108
+6%
|
744
-33%
|
794
+7%
|
823
+4%
|
851
+3%
|
1 462
+72%
|
1 477
+1%
|
1 503
+2%
|
1 539
+2%
|
1 455
-5%
|
1 459
+0%
|
1 522
+4%
|
1 489
-2%
|
1 390
-7%
|
1 431
+3%
|
1 402
-2%
|
1 414
+1%
|
1 473
+4%
|
4 159
+182%
|
4 175
+0%
|
|
EPS (Diluted) |
1.23
N/A
|
1.32
+7%
|
0.68
-48%
|
0.71
+4%
|
0.75
+6%
|
0.78
+4%
|
0.8
+3%
|
0.84
+5%
|
0.87
+4%
|
1
+15%
|
1.1
+10%
|
1.14
+4%
|
0.9
-21%
|
0.86
-4%
|
1.02
+19%
|
1.11
+9%
|
1.12
+1%
|
1.2
+7%
|
1.13
-6%
|
1.21
+7%
|
1.65
+36%
|
1.74
+5%
|
1.19
-32%
|
1.25
+5%
|
1.3
+4%
|
1.34
+3%
|
2.32
+73%
|
2.34
+1%
|
2.38
+2%
|
2.44
+3%
|
2.31
-5%
|
2.32
+0%
|
2.43
+5%
|
2.43
N/A
|
2.26
-7%
|
2.34
+4%
|
2.3
-2%
|
2.33
+1%
|
2.43
+4%
|
6.95
+186%
|
6.96
+0%
|