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BRISTOL MYERS SQUIBB CO - 10-Q - 20030808 - INCOME_STATEMENT
BRISTOL-MYERS SQUIBB COMPANY
CONSOLIDATED STATEMENT OF EARNINGS,
COMPREHENSIVE INCOME AND RETAINED EARNINGS
(UNAUDITED)
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Three Months Ended
June 30,
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Six Months
Ended June 30,
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2003
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2002
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2003
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2002
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(in millions, except per share data)
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EARNINGS
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Net Sales
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$
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5,052
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$
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4,127
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$
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9,763
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$
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8,788
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Cost of products sold
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1,796
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1,466
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3,481
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2,968
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Marketing, selling and administrative
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1,058
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937
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2,090
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1,849
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Advertising and product promotion
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418
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345
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782
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604
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Research and development
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530
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527
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1,006
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1,029
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Acquired in-process research and development
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—
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—
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—
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160
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Gain on sales of businesses/product lines
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—
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—
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—
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(30
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)
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Provision for restructuring and other items, net
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(17
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)
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2
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(5
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)
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1
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Litigation settlement (income) charge
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(41
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)
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—
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(62
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)
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90
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Other (income) expense, net
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143
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126
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231
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165
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3,887
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3,403
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7,523
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6,836
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Earnings from Continuing Operations Before Minority Interest and Income Taxes
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1,165
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724
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2,240
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1,952
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Provision for income taxes
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248
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209
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542
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542
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Minority interest, net of taxes
(1)
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39
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36
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59
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89
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Earnings from Continuing Operations
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878
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479
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1,639
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1,321
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Discontinued Operations:
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Net gain on disposal
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—
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—
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—
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14
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Net Earnings
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$
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878
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$
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479
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$
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1,639
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$
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1,335
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Earnings Per Common Share
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Basic
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Earnings from Continuing Operations
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$
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.45
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$
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.25
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$
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.85
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$
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.68
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Discontinued Operations:
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Net gain on disposal
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—
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—
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—
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.01
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Net Earnings
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$
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.45
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$
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.25
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$
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.85
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$
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.69
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Diluted
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Earnings from Continuing Operations
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$
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.45
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$
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.25
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$
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.84
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$
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.68
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Discontinued Operations:
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Net gain on disposal
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—
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—
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—
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.01
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Net Earnings
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$
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.45
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$
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.25
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$
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.84
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$
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.69
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Average Common Shares Outstanding
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Basic
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1,937
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1,937
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1,936
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1,936
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Diluted
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1,942
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1,944
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1,941
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1,946
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Dividends declared per Common Share
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$
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.280
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$
|
.280
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$
|
.560
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$
|
.560
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