Pfizer, Inc. (PFE) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,2219,83018,83319,99217,85023,29036,122
Cash and cash equivalents1,7841,3051,1391,3422,5953,6413,343
Short-term investments10,4378,52517,69418,65015,25519,64932,779
Receivables7,9308,7248,0258,2218,2258,1768,669
Inventory, net of allowances, customer advances and progress billings8,0468,2837,5087,5786,7837,5135,663
Inventory8,0468,2837,5087,5786,7837,5135,663
Disposal group, including discontinued operation167219,72512801  
Other current assets3,4382,6002,4612,2892,2492,1632,750
Other undisclosed current assets3,2653,3453,3743,0493,0412,6624,498
Total current assets:35,06732,80349,92641,14138,94943,80457,702
Noncurrent Assets
Inventory, Noncurrent890714618683683594425
Operating lease, right-of-use asset1,3931,313
Property, plant and equipment13,90013,96713,38513,86513,31813,76611,762
Long-term investments and receivables20,2623,0142,7677,0157,11615,99917,518
Long-term investments20,2623,0142,7677,0157,11615,99917,518
Intangible assets, net (including goodwill)78,04894,02388,622104,693107,09788,59877,235
Goodwill49,57758,65353,41155,95254,44948,24242,069
Intangible assets, net (excluding goodwill)28,47135,37035,21148,74152,64840,35635,166
Other noncurrent assets4,5694,4502,7993,2273,3233,4993,513
Other undisclosed noncurrent assets10017,2051,3051,1731,1291,2001,119
Total noncurrent assets:119,162134,686109,496130,656132,666123,656111,572
TOTAL ASSETS:154,229167,489159,422171,797171,615167,460169,274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,57810,02410,3839,3589,4048,2497,466
Accounts payable4,3094,2204,6744,6564,5363,6203,440
Employee-related liabilities3,0582,7202,3972,1962,4872,3591,784
Taxes payable1,0499801,265477437418531
Interest and dividends payable2,1622,1042,0472,0291,9441,8521,711
Debt2,70316,1958,8319,95310,68810,1605,141
Other liabilities12,64011,08310,75311,11511,02310,9909,024
Other undisclosed current liabilities(1)21,8911   
Total current liabilities:25,92037,30431,85830,42731,11529,39921,631
Noncurrent Liabilities
Long-term debt and lease obligation37,13335,95532,90933,53831,39828,81831,541
Long-term debt, excluding current maturities37,13335,95532,90933,53831,39828,81831,541
Liabilities, other than long-term debt27,70330,78327,19732,27649,26244,24544,481
Deferred tax liabilities, net  30,75326,87724,981
Deferred income tax liabilities4,0635,578
Liability for uncertainty in income taxes11,56012,12614,73718,6974,0003,9924,353
Liability, pension and other postretirement and postemployment benefits5,4116,7626,6107,4308,1728,11910,264
Other liabilities6,6696,3175,8506,1496,3375,2574,883
Other undisclosed noncurrent liabilities  3,7003,90011(1)
Total noncurrent liabilities:64,83666,73863,80669,71480,66173,06476,021
Total liabilities:90,756104,04295,664100,141111,776102,46397,652
Stockholders' equity
Stockholders' equity attributable to parent, including:63,23863,14363,40771,30859,54464,72071,301
Preferred stock 171921242629
Common stock470468467464461459455
Treasury stock, value(110,988)(110,801)(101,610)(89,425)(84,364)(79,252)(73,021)
Additional paid in capital88,67487,42886,25384,27882,68581,01678,977
Accumulated other comprehensive loss(11,688)(11,640)(11,275)(9,321)(11,036)(9,522)(7,316)
Retained earnings96,77097,67089,55485,29171,77471,99372,176
Other undisclosed stockholders' equity attributable to parent 1(1)   1
Stockholders' equity attributable to noncontrolling interest235303351348296278321
Other undisclosed stockholders' equity 1     
Total stockholders' equity:63,47363,44763,75871,65659,84064,99871,622
Other undisclosed liabilities and equity    (1)(1) 
TOTAL LIABILITIES AND EQUITY:154,229167,489159,422171,797171,615167,460169,274

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues41,90851,75053,64752,54652,82448,85150,607
Revenue, net52,54652,82448,85150,607
Cost of revenue
(Cost of Goods and Services Sold)
(8,692)(10,219)(11,248)(11,240)(12,329)(9,648)(9,577)
Gross profit:33,21641,53142,39941,30640,49539,20341,030
Operating expenses(21,610)(23,684)(23,503)(22,924)(24,306)(27,329)(27,309)
Operating income:11,60617,84718,89618,38216,18911,87413,721
Nonoperating income (expense)(663)4,508(2,116)(1,315)(3,655)(2,860)(584)
Investment income, nonoperating68,086    425
Other nonoperating expense(669)(3,578)(2,116)(1,315)(3,655)(2,860)(1,009)
Interest and debt expense(1,449)(138)(3)(999)(312)(1,199)(1,360)
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:9,49422,21716,77716,0688,3518,96512,240
Loss from equity method investments     (45) 
Other undisclosed income (loss) from continuing operations before income taxes(1,997)(4,535)(4,892)(3,763) 45 
Income from continuing operations before income taxes:7,49717,68211,88512,3058,3518,96512,240
Income tax expense (benefit)(477)(1,384)(706)9,049(1,123)(1,990)(3,120)
Other undisclosed income (loss) from continuing operations1  (1)1 (1)
Income from continuing operations:7,02116,29811,17921,3537,2296,9759,119
Income from discontinued operations2,6314102171148
Income before gain (loss) on sale of properties:9,65216,30211,18921,3557,2466,9869,167
Other undisclosed net income (loss)  (1)   1
Net income:9,65216,30211,18821,3557,2466,9869,168
Net loss attributable to noncontrolling interest(36)(29)(36)(47)(31)(26)(32)
Other undisclosed net income (loss) attributable to parent  1   (1)
Net income attributable to parent:9,61616,27311,15321,3087,2156,9609,135
Preferred stock dividends and other adjustments (1)(1)(1)(1)(1)(1)
Net income available to common stockholders, basic:9,61616,27211,15221,3077,2146,9599,134
Other undisclosed net income available to common stockholders, diluted 111 11
Net income available to common stockholders, diluted:9,61616,27311,15321,3087,2146,9609,135

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:9,65216,30211,18821,3557,2466,9869,168
Other comprehensive income (loss)14(376)(1,975)1,730(1,518)(2,232)(4,042)
Other undisclosed comprehensive income  1    
Comprehensive income:9,66615,9269,21423,0855,7284,7545,126
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(27)(18)(16)(62)(28)1(36)
Other undisclosed comprehensive income, net of tax, attributable to parent    1  
Comprehensive income, net of tax, attributable to parent:9,63915,9089,19823,0235,7014,7555,090

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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