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VERTEX PHARMACEUTICALS INC / MA (VRTX)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]8,930.77,574.46,205.74,162.83,047.62,488.71,702.21,032.3
            Revenue growth  17.9%22.1%49.1%36.6%22.5%46.2%64.9%77.9%
Cost of goods sold  1,080.3904.2736.3547.8409.5275.1210.5117.2
Gross profit  7,850.46,670.25,469.43,615.02,638.12,213.51,491.7915.2
            Gross margin  87.9%88.1%88.1%86.8%86.6%88.9%87.6%88.7%
Selling, general and administrative  944.7840.1770.5658.5557.6496.1432.8376.6
Research and development  2,540.33,051.11,829.51,754.51,416.51,324.61,047.7995.9
EBITDA   [+] 2,904.62,978.91,308.9736.4454.272.6-402.3
            EBITDA margin  48.9%38.3%48.0%31.4%24.2%18.3%4.3%-39.0%
Depreciation and amortization   125.6109.5106.972.461.461.462.3
EBIT   [+]4,365.42,779.02,869.41,202.0664.0392.811.2-464.7
            EBIT margin  48.9%36.7%46.2%28.9%21.8%15.8%0.7%-45.0%
Non-recurring items   [+]58.0-3.113.14.528.8269.61.32.2
Interest expense, net   [+]-89.861.558.2-5.272.569.381.484.2
Other income (expense), net   [+]-164.89.8318.8192.237.6-69.64.1-6.7
Pre-tax income  4,232.42,730.43,116.91,394.9600.2-15.7-67.4-557.8
Income taxes  910.4388.3405.2218.1-1,486.9-107.316.730.4
            Tax rate  21.5%14.2%13.0%15.6% 684.1%  
Minority interest      -9.8-171.828.0-31.8
Net income  3,322.02,342.12,711.71,176.82,096.9263.5-112.1-556.3
            Net margin  37.2%30.9%43.7%28.3%68.8%10.6%-6.6%-53.9%
   
Basic EPS   [+]$12.97$9.09$10.44$4.58$8.25$1.06($0.46)($2.31)
Diluted EPS   [+]$12.82$9.01$10.29$4.51$8.09$1.04($0.46)($2.31)
   
Shares outstanding (basic)   [+]256.1257.7259.8256.7254.3248.9244.7241.3
Shares outstanding (diluted)   [+]259.1259.9263.4260.7259.2253.2244.7241.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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