Pfizer, Inc. (PFE) financial statements (2020 and earlier)

Company profile

Business Address 235 E 42ND ST
NEW YORK, NY 10017
State of Incorp. DE
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,08718,83319,99217,85023,29036,12232,408
Cash and cash equivalents2,7851,1391,3422,5953,6413,3432,183
Short-term investments6,30217,69418,65015,25519,64932,77930,225
Receivables9,4398,0258,2218,2258,1768,6699,357
Inventory, net of allowances, customer advances and progress billings8,2227,5087,5786,7837,5135,6636,166
Inventory8,2227,5087,5786,7837,5135,6636,166
Disposal group, including discontinued operation299,72512801   
Other current assets2,9542,4612,2892,2492,1632,7503,613
Other undisclosed current assets3,7283,3743,0493,0412,6624,4984,700
Total current assets:33,45949,92641,14138,94943,80457,70256,244
Noncurrent Assets
Inventory, Noncurrent677618683683594425463
Operating lease, right-of-use asset1,306
Property, plant and equipment13,70113,38513,86513,31813,76611,76212,397
Long-term investments and receivables2,7232,7677,0157,11615,99917,51816,406
Long-term investments2,7232,7677,0157,11615,99917,51816,406
Intangible assets, net (including goodwill)97,66088,622104,693107,09788,59877,23581,904
Goodwill58,66553,41155,95254,44948,24242,06942,519
Intangible assets, net (excluding goodwill)38,99535,21148,74152,64840,35635,16639,385
Other noncurrent assets4,9202,7993,2273,3233,4993,5133,596
Other undisclosed noncurrent assets16,0001,3051,1731,1291,2001,1191,091
Total noncurrent assets:136,987109,496130,656132,666123,656111,572115,857
TOTAL ASSETS:170,446159,422171,797171,615167,460169,274172,101
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,19510,3839,3589,4048,2497,4665,704
Accounts payable3,9424,6744,6564,5363,6203,4403,234
Employee-related liabilities2,3692,3972,1962,4872,3591,7841,792
Taxes payable1,8921,265477437418531678
Interest and dividends payable1,9922,0472,0291,9441,8521,711 
Debt16,6178,8319,95310,68810,1605,1416,027
Disposal group, including discontinued operation      21
Other liabilities10,16010,75311,11511,02310,9909,0249,951
Other undisclosed current liabilities21,8911   1,663
Total current liabilities:36,97431,85830,42731,11529,39921,63123,366
Noncurrent Liabilities
Long-term debt and lease obligation36,04432,90933,53831,39828,81831,54130,462
Long-term debt, excluding current maturities36,04432,90933,53831,39828,81831,54130,462
Liabilities, other than long-term debt32,03327,19732,27649,26244,24544,48141,653
Pension and other postretirement defined benefit plans, liabilities7,303
Deferred tax liabilities, net  30,75326,87724,98125,590
Deferred income tax liabilities6,724
Liability for uncertainty in income taxes12,50414,73718,6974,0003,9924,3533,993
Liability, pension and other postretirement and postemployment benefits6,4246,6107,4308,1728,11910,264
Other liabilities6,3815,8506,1496,3375,2574,8834,767
Other undisclosed noncurrent liabilities 3,7003,90011(1) 
Total noncurrent liabilities:68,07763,80669,71480,66173,06476,02172,115
Total liabilities:105,05195,664100,141111,776102,46397,65295,481
Stockholders' equity
Stockholders' equity attributable to parent, including:65,10363,40771,30859,54464,72071,30176,307
Preferred stock18192124262933
Common stock468467464461459455453
Treasury stock, value(110,795)(101,610)(89,425)(84,364)(79,252)(73,021)(67,923)
Additional paid in capital87,09986,25384,27882,68581,01678,97777,283
Accumulated other comprehensive loss(11,801)(11,275)(9,321)(11,036)(9,522)(7,316)(3,271)
Retained earnings100,11389,55485,29171,77471,99372,17669,732
Other undisclosed stockholders' equity attributable to parent1(1)   1 
Stockholders' equity attributable to noncontrolling interest293351348296278321313
Total stockholders' equity:65,39663,75871,65659,84064,99871,62276,620
Other undisclosed liabilities and equity(1)  (1)(1)  
TOTAL LIABILITIES AND EQUITY:170,446159,422171,797171,615167,460169,274172,101

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues53,03953,64752,54652,82448,85150,60751,987
Revenue, net52,54652,82448,85150,60751,584
Cost of revenue
(Cost of Goods and Services Sold)
(10,686)(11,248)(11,240)(12,329)(9,648)(9,577)(9,586)
Gross profit:42,35342,39941,30640,49539,20341,03042,401
Operating expenses(23,505)(23,503)(22,924)(24,306)(27,329)(27,309)(26,668)
Other operating income, net      532
Operating income:18,84818,89618,38216,18911,87413,72116,265
Nonoperating income (expense)4,291(2,116)(1,315)(3,655)(2,860)(584) 
Investment income, nonoperating8,087    425 
Other nonoperating expense(3,796)(2,116)(1,315)(3,655)(2,860)(1,009) 
Interest and debt expense7(3)(999)(312)(1,199)(1,360)(1,414)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (3,871)1,150463 
Income from continuing operations before equity method investments, income taxes:23,14616,77716,0688,3518,96512,24014,851
Loss from equity method investments    (45)  
Other undisclosed income (loss) from continuing operations before income taxes(4,901)(4,892)(3,763) 45 865
Income from continuing operations before income taxes:18,24511,88512,3058,3518,96512,24015,716
Income tax expense (benefit)(2,001)(706)9,049(1,123)(1,990)(3,120)(4,306)
Other undisclosed income (loss) from continuing operations(2) (1)1 (1) 
Income from continuing operations:16,24211,17921,3537,2296,9759,11911,410
Income from discontinued operations410217114810,662
Income before gain (loss) on sale of properties:16,24611,18921,3557,2466,9869,16722,072
Other undisclosed net income (loss) (1)   1 
Net income:16,24611,18821,3557,2466,9869,16822,072
Net loss attributable to noncontrolling interest(31)(36)(47)(31)(26)(32)(69)
Other undisclosed net income (loss) attributable to parent21   (1) 
Net income attributable to parent:16,21711,15321,3087,2156,9609,13522,003
Preferred stock dividends and other adjustments (1)(1)(1)(1)(1) 
Other undisclosed net loss available to common stockholders, basic(3)     (2)
Net income available to common stockholders, basic:16,21411,15221,3077,2146,9599,13422,001
Other undisclosed net income available to common stockholders, diluted311 112
Net income available to common stockholders, diluted:16,21711,15321,3087,2146,9609,13522,003

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:16,24611,18821,3557,2466,9869,16822,072
Other comprehensive income (loss)(1,396)(1,975)1,730(1,518)(2,232)(4,042)2,593
Other undisclosed comprehensive income11     
Comprehensive income:14,8519,21423,0855,7284,7545,12624,665
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(18)(16)(62)(28)1(36)7
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   1  (14)
Comprehensive income, net of tax, attributable to parent:14,8339,19823,0235,7014,7555,09024,658

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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