Saturday, May 13, 2017

One Drug Company's 2016 Financials Say...

I was surfing the Internet and casually said to myself, "Self, can you find any details on any of the MS drug suppliers financial statements?

Well here is what I found (for one of the top ABC drug makers).

Gross Revenue $ 11,448,800,000

Cost of Goods $ 1,810,000,000

Gross Profit Margin 87.08%

Operating Profit $ 5,150,400,000 

Operating Profit Margin 44.99%

It spent $ 1,970,000,000 on research and development (we always here how much it costs for R&D)

It paid $ 1,240,000,000 in income tax

Net Profit was $3,700,000,000

So...How are they doing?

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