NVS Income Statement

Annual Quarterly

* In Millions (except for per share items) of USD

Period Ending:	2023 12-31	2022 12-31	2021 12-31	2020 12-31	2019 12-31	2018 12-31	2017 12-31	2016 12-31	2015 12-31	2014 12-31	2013 12-31	2012 12-31	2011 12-31	2010 12-31	2009 12-31	2008 12-31	2007 12-31	2006 12-31	2005 12-31	2004 12-31	2003 12-31	2002 12-31	2001 12-31	2000 12-31	1999 12-31	1998 12-31
Report Filing:	2024-01-31	2023-02-01	2022-02-02	2021-01-26	2020-01-29	2019-01-30	2018-01-24	2017-01-25	2016-01-27	2015-01-27	2014-01-29	2013-01-23	2012-01-25	2011-01-27	2010-01-26	2009-01-28	2008-01-28	2007-01-31	2006-01-30	2005-01-28	2004-01-30	2003-02-24	2002-03-18	2001-04-11	1999-12-31	1998-12-31
Revenue	46660000000	51828000000	52877000000	49898000000	48677000000	53166000000	50135000000	49436000000	50387000000	53634000000	58831000000	57561000000	59375000000	51561000000	45103000000	42584000000	38947000000	36749000000	32526000000	28247000000	24864000000	23151000000	19335000000	21832000000	20418000000	23039244186
Cost of Revenue	12472000000	15486000000	15867000000	15121000000	14425000000	18407000000	17175000000	17520000000	17404000000	17345000000	19608000000	18756000000	18983000000	14488000000	12179000000	11439000000	11032000000	10299000000	8868000000	6625000000	5894000000	5441000000	4759000000	6245000000	5229000000	7305232558
Gross Profit	34188000000	36342000000	37010000000	34777000000	34252000000	34759000000	32960000000	31916000000	32983000000	36289000000	39223000000	38805000000	40392000000	37073000000	32924000000	31145000000	27915000000	26450000000	23658000000	21622000000	18970000000	17710000000	14576000000	15587000000	15189000000	15734011627
Operating Expenses	24419000000	27145000000	10062000000	24625000000	25166000000	26590000000	24331000000	23648000000	24006000000	25200000000	28313000000	27294000000	29394000000	25547000000	22942000000	22181000000	21134000000	18501000000	16753000000	15083000000	13081000000	12076000000	10184000000	10781000000	10571000000	10388081395
Research & Development	11371000000	9996000000	9540000000	8980000000	9402000000	9074000000	8972000000	9039000000	8935000000	9086000000	9852000000	9332000000	9583000000	9070000000	7469000000	7217000000	6430000000	5349000000	4846000000	4207000000	3756000000	3099000000	2528000000	2840000000	2670000000	2707122093
Selling, General and Administrative	12517000000	14253000000	14886000000	14197000000	14369000000	16471000000	14997000000	14192000000	14247000000	14993000000	17609000000	17290000000	18049000000	15797000000	14331000000	14097000000	13259000000	12411000000	11544000000	10413000000	9325000000	8977000000	7656000000	7941000000	6952000000	7680959302
Other Operating Expenses	531000000	2896000000	-14364000000	1448000000	1395000000	1045000000	362000000	417000000	824000000	1121000000	852000000	672000000	1762000000	680000000	1142000000	867000000	1445000000	741000000	363000000	463000000	0	0	0	0	949000000	0
Operating Income	9769000000	9197000000	26948000000	10152000000	9086000000	8169000000	8629000000	8268000000	8977000000	11089000000	10910000000	11511000000	10998000000	11526000000	9982000000	8964000000	6781000000	7949000000	6905000000	6539000000	5889000000	5634000000	4392000000	4806000000	4618000000	5345930232
Net Interest(Non Operating)	-228000000	-458000000	-740000000	-778000000	-605000000	-663000000	-667000000	-664000000	-622000000	-671000000	-649000000	-674000000	-689000000	-589000000	-395000000	16000000	186000000	101000000	111000000	127000000	80000000	0	0	0	0	0
Interest Income	627000000	379000000	71000000	91000000	245000000	294000000	110000000	43000000	33000000	33000000	34000000	50000000	62000000	103000000	156000000	306000000	423000000	367000000	405000000	388000000	323000000	0	0	0	0	0
Interest Expense	855000000	837000000	811000000	869000000	850000000	957000000	777000000	707000000	655000000	704000000	683000000	724000000	751000000	692000000	551000000	290000000	237000000	266000000	294000000	261000000	243000000	0	0	0	0	0
Equity & Other Income/(Expense)	-418000000	-368000000	-71000000	504000000	459000000	6329000000	1037000000	213000000	-221000000	1854000000	474000000	406000000	464000000	765000000	335000000	519000000	520000000	251000000	249000000	242000000	99000000	655000000	716000000	699000000	723000000	446220930
Income Before Tax	9123000000	8371000000	26137000000	9878000000	8940000000	13835000000	8999000000	7817000000	8134000000	12272000000	10735000000	11243000000	10773000000	11702000000	9922000000	9499000000	7487000000	8301000000	7265000000	6908000000	6068000000	6289000000	5108000000	5505000000	5341000000	5792151162
Income Tax Expense	551000000	1416000000	2119000000	1807000000	1793000000	1221000000	1296000000	1119000000	1106000000	1545000000	1443000000	1625000000	1528000000	1733000000	1468000000	1336000000	947000000	1282000000	1124000000	1126000000	1008000000	1065000000	869000000	1110000000	1153000000	1366279069
Income Attributable to Non-Controlling Interest	-6278000000	0	-3000000	-1000000	0	3000000	0	-14000000	-10755000000	517000000	117000000	113000000	132000000	175000000	54000000	-32000000	-5406000000	-156000000	11000000	15000000	44000000	0	0	0	0	18895349
Net Income	14850000000	6955000000	24021000000	8072000000	7147000000	12611000000	7703000000	6712000000	17783000000	10210000000	9175000000	9505000000	9113000000	9794000000	8400000000	8195000000	11946000000	7175000000	6130000000	5767000000	5016000000	5224000000	4239000000	4395000000	4188000000	4406976744
Depreciation and Amortization	8277000000	7192000000	6113000000	7059000000	6530000000	6892000000	6076000000	6043000000	5575000000	4751000000	4990000000	4954000000	5788000000	3419000000	2301000000	2670000000	2858000000	1987000000	1717000000	1339000000	1283000000	690000000	585000000	918000000	949000000	1008720930
EBITDA	18046000000	16389000000	33061000000	17211000000	15616000000	15061000000	14705000000	14311000000	14552000000	15840000000	15900000000	16465000000	16786000000	14945000000	12283000000	11634000000	9639000000	9936000000	8622000000	7878000000	7172000000	6324000000	4977000000	5724000000	5567000000	6354651162
Earnings Per Share (EPS)	7.15	3.19	10.71	3.54	3.12	5.44	3.28	2.82	7.4	4.21	3.76	3.93	3.75	4.28	3.7	3.62	5.15	3.06	2.63	2.28	1.99	1.88	1.49	1.7	0.62	0.33
Diluted Earnings Per Share	7.1	3.17	10.63	3.52	3.08	5.38	3.25	2.8	7.29	4.13	3.7	3.89	3.7	4.26	3.69	3.59	5.13	3.04	2.62	2.27	1.97	1.84	1.49	1.7	0.62	0.33
Weighted Average Shares Outstanding	2076794140	2181180341	2242601173	2277041940	2290792782	2319000000	2346000000	2378000000	2403000000	2426000000	2441000000	2418100000	2382000000	2286000000	2268000000	2265000000	2317466535	2345232126	2332848144	2355490272	2380091756	2515311685	2571673365	2632281423	2624734400	2739218160
Diluted Weighted Average Shares Outstanding	2092000000	2197000000	2260000000	2296000000	2319000000	2344000000	2371000000	2400000000	2438000000	2470000000	2479000000	2444900000	2413000000	2301000000	2277000000	2284000000	2328888173	2360456471	2342453614	2367407530	2411884788	2572466957	2578765756	2632281423	2624734400	2739218160

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