NASDAQ : GILD
Gilead Sciences, Inc. — Financial statements
Healthcare · Drug Manufacturers - General · United States
Last price 165.61 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 205.35B
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Financial statements
Gilead Sciences, Inc. (GILD) reported revenue of 30.99B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 30.99B | 29.44B | 28.75B | 27.12B | 27.28B | 27.30B |
| Other Revenue | 1.00M | 1.00M | ||||
| Revenue | 30.99B | 29.44B | 28.75B | 27.12B | 27.28B | 27.30B |
| Cost of Revenue | 6.21B | 6.23B | 6.25B | 5.97B | 5.66B | 5.53B |
| Gross Profit | 24.77B | 23.21B | 22.50B | 21.15B | 21.62B | 21.78B |
| Selling, General & Admin | 6.72B | 5.71B | 6.00B | 6.06B | 5.67B | 5.25B |
| Research & Development | 6.21B | 5.69B | 5.82B | 5.76B | 4.98B | 4.60B |
| Operating Expenses | 12.93B | 11.40B | 11.82B | 11.82B | 10.65B | 9.85B |
| Operating Income | 11.85B | 11.82B | 10.69B | 9.33B | 10.97B | 11.93B |
| Interest Expense | -1.01B | -1.02B | -977.00M | -944.00M | -935.00M | -1.00B |
| Interest & Investment Income | 276.00M | 349.00M | 281.00M | 376.00M | 106.00M | |
| Currency Exchange Gain (Loss) | 3.00M | -29.00M | 14.00M | -12.00M | -23.00M | |
| Other Non Operating Income (Expenses) | -12.00M | 27.00M | -15.00M | 2.00M | -30.00M | -6.00M |
| EBT Excluding Unusual Items | 11.10B | 11.14B | 9.99B | 8.75B | 10.12B | 10.90B |
| Merger & Restructuring Charges | -136.00M | -138.00M | -189.00M | -527.00M | ||
| Gain (Loss) on Sale of Investments | 574.00M | 451.00M | -274.00M | -167.00M | -657.00M | -610.00M |
| Asset Writedown | -51.00M | |||||
| Legal Settlements | -1.07B | |||||
| Other Unusual Items | -76.00M | -43.00M | 7.00M | 60.00M | ||
| Pretax Income | -2.53B | 9.80B | 691.00M | 6.86B | 5.81B | 8.28B |
| Income Tax Expense | 1.33B | 1.29B | 211.00M | 1.25B | 1.25B | 2.08B |
| Earnings From Continuing Operations | -3.86B | 8.51B | 480.00M | 5.61B | 4.57B | 6.20B |
| Minority Interest in Earnings | 52.00M | 26.00M | 24.00M | |||
| Net Income | -3.86B | 8.51B | 480.00M | 5.67B | 4.59B | 6.22B |
| Net Income to Common | -3.86B | 8.51B | 480.00M | 5.67B | 4.59B | 6.22B |
| Shares Outstanding (Basic) | 1.24B | 1.24B | 1.25B | 1.25B | 1.25B | 1.26B |
| Shares Outstanding (Diluted) | 1.24B | 1.25B | 1.25B | 1.26B | 1.26B | 1.26B |
| EPS (Basic) | -3.11 | 6.84 | 0.38 | 4.54 | 3.66 | 4.96 |
| EPS (Diluted) | -3.12 | 6.78 | 0.38 | 4.50 | 3.64 | 4.93 |
| Free Cash Flow | 13.78B | 9.46B | 10.30B | 7.42B | 8.34B | 10.80B |
| Free Cash Flow Per Share | 11.10 | 7.54 | 8.21 | 5.90 | 6.61 | 8.56 |
| Dividend Per Share | 3.25 | 3.16 | 3.08 | 3.00 | 2.92 | 2.84 |
| Gross Margin | 79.95% | 78.84% | 78.26% | 77.99% | 79.26% | 79.76% |
| Operating Margin | 38.23% | 40.13% | 37.17% | 34.40% | 40.23% | 43.70% |
| Profit Margin | -12.46% | 28.90% | 1.67% | 20.89% | 16.83% | 22.80% |
| Free Cash Flow Margin | 44.47% | 32.12% | 35.84% | 27.37% | 30.59% | 39.57% |
| EBITDA | 14.66B | 14.58B | 13.45B | 12.02B | 13.08B | 13.98B |
| EBITDA Margin | 47.31% | 49.51% | 46.79% | 44.33% | 47.93% | 51.21% |
| D&A For EBITDA | 2.81B | 2.76B | 2.77B | 2.69B | 2.10B | 2.05B |
| EBIT | 11.85B | 11.82B | 10.69B | 9.33B | 10.97B | 11.93B |
| EBIT Margin | 38.23% | 40.13% | 37.17% | 34.40% | 40.23% | 43.70% |
| Effective Tax Rate | 13.13% | 30.54% | 18.18% | 21.46% | 25.09% | |
| Revenue as Reported | 30.99B | 29.44B | 28.75B | 27.12B | 27.28B | 27.30B |
| Advertising Expenses | 1.00B | 869.00M | 826.00M | 778.00M | 735.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.44B | 7.56B | 9.99B | 6.08B | 5.41B | 5.34B |
| Short-Term Investments | 1.51B | 2.05B | 1.58B | 2.27B | 1.45B | 2.07B |
| Cash & Short-Term Investments | 7.95B | 9.61B | 11.57B | 8.35B | 6.86B | 7.41B |
| Accounts Receivable | 5.01B | 4.91B | 4.42B | 4.66B | 4.78B | 4.49B |
| Receivables | 5.01B | 4.91B | 4.42B | 4.66B | 4.78B | 4.49B |
| Inventory | 1.90B | 1.77B | 1.71B | 1.79B | 1.51B | 1.62B |
| Prepaid Expenses | 1.64B | 899.00M | 480.00M | 559.00M | 1.24B | 1.18B |
| Other Current Assets | 60.00M | 1.14B | 995.00M | 729.00M | 60.00M | 75.00M |
| Total Current Assets | 16.55B | 18.34B | 19.17B | 16.09B | 14.44B | 14.77B |
| Property, Plant & Equipment | 5.95B | 6.14B | 5.93B | 5.90B | 5.98B | 5.66B |
| Long-Term Investments | 734.00M | 3.75B | 713.00M | 1.82B | 2.61B | 2.84B |
| Goodwill | 8.31B | 8.31B | 8.31B | 8.31B | 8.31B | 8.33B |
| Other Intangible Assets | 13.42B | 16.98B | 19.95B | 26.45B | 28.89B | 33.45B |
| Long-Term Deferred Tax Assets | 2.27B | 1.96B | 2.38B | |||
| Other Long-Term Assets | 4.17B | 3.53B | 2.54B | 3.56B | 2.93B | 2.89B |
| Total Assets | 51.41B | 59.02B | 58.99B | 62.12B | 63.17B | 67.95B |
| Accounts Payable | 934.00M | 715.00M | 833.00M | 550.00M | 905.00M | 705.00M |
| Accrued Expenses | 4.62B | 5.63B | 5.12B | 5.00B | 4.50B | 7.00B |
| Current Portion of Long-Term Debt | 2.42B | 2.81B | 1.81B | 1.80B | 2.27B | 1.52B |
| Current Portion of Leases | 102.00M | 113.00M | 125.00M | 111.00M | 101.00M | |
| Current Income Taxes Payable | 92.00M | 1.65B | 1.21B | 959.00M | 539.00M | |
| Other Current Liabilities | 4.03B | 2.46B | 2.48B | 2.60B | 2.49B | 1.75B |
| Total Current Liabilities | 12.00B | 11.81B | 12.00B | 11.28B | 11.24B | 11.61B |
| Long-Term Debt | 23.82B | 22.13B | 24.90B | 23.19B | 22.96B | 25.18B |
| Long-Term Leases | 503.00M | 498.00M | 546.00M | 467.00M | 489.00M | |
| Long-Term Deferred Tax Liabilities | 318.00M | 402.00M | 724.00M | 1.59B | 2.67B | 4.36B |
| Other Long-Term Liabilities | 2.32B | 1.56B | 1.63B | 2.77B | 4.63B | 5.25B |
| Total Liabilities | 38.45B | 36.41B | 39.75B | 39.38B | 41.96B | 46.89B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 9.84B | 8.93B | 7.70B | 6.50B | 5.55B | 4.66B |
| Retained Earnings | 3.11B | 13.73B | 11.50B | 16.30B | 15.69B | 16.32B |
| Comprehensive Income & Other | 91.00M | 39.00M | 132.00M | 28.00M | 2.00M | 83.00M |
| Total Common Equity | 13.04B | 22.70B | 19.33B | 22.83B | 21.24B | 21.07B |
| Minority Interest | -84.00M | -84.00M | -84.00M | -84.00M | -31.00M | -5.00M |
| Shareholders' Equity | 12.96B | 22.62B | 19.25B | 22.75B | 21.21B | 21.06B |
| Total Liabilities & Equity | 51.41B | 59.02B | 58.99B | 62.12B | 63.17B | 67.95B |
| Total Debt | 26.23B | 25.54B | 27.32B | 25.66B | 25.81B | 27.29B |
| Net Cash (Debt) | -18.28B | -12.95B | -15.75B | -16.14B | -17.70B | -18.57B |
| Net Cash Per Share | -14.72 | -10.32 | -12.55 | -12.83 | -14.03 | -14.72 |
| Filing Date Shares Outstanding | 1.24B | 1.24B | 1.25B | 1.25B | 1.25B | 1.25B |
| Total Common Shares Outstanding | 1.24B | 1.24B | 1.25B | 1.25B | 1.25B | 1.25B |
| Working Capital | 4.55B | 6.53B | 7.17B | 4.80B | 3.21B | 3.16B |
| Book Value Per Share | 10.51 | 18.29 | 15.51 | 18.33 | 17.03 | 16.80 |
| Tangible Book Value | -8.70B | -2.59B | -8.93B | -11.94B | -15.97B | -20.72B |
| Tangible Book Value Per Share | -7.01 | -2.09 | -7.17 | -9.58 | -12.81 | -16.52 |
| Land | 561.00M | 561.00M | 561.00M | 562.00M | 404.00M | |
| Buildings | 4.62B | 4.54B | 4.33B | 4.39B | 3.79B | |
| Machinery | 1.24B | 1.19B | 2.22B | 1.99B | 1.76B | |
| Construction In Progress | 745.00M | 501.00M | 661.00M | 719.00M | 1.06B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.86B | 8.51B | 480.00M | 5.67B | 4.59B | 6.22B |
| Depreciation & Amortization | 2.81B | 2.76B | 2.77B | 2.69B | 2.10B | 2.05B |
| Asset Writedown & Restructuring Costs | 14.86B | 1.61B | 8.84B | 1.21B | 3.64B | 939.00M |
| Loss (Gain) From Sale of Investments | -574.00M | -451.00M | 274.00M | 167.00M | 657.00M | 610.00M |
| Stock-Based Compensation | 913.00M | 894.00M | 835.00M | 766.00M | 637.00M | 635.00M |
| Other Operating Activities | 596.00M | 640.00M | -1.49B | -187.00M | -798.00M | 436.00M |
| Change in Accounts Receivable | 32.00M | -367.00M | 139.00M | 157.00M | -406.00M | 313.00M |
| Change in Inventory | -572.00M | -1.04B | -426.00M | -842.00M | -310.00M | 11.00M |
| Change in Accounts Payable | 110.00M | -132.00M | 290.00M | -347.00M | 226.00M | -118.00M |
| Change in Income Taxes | -364.00M | -361.00M | ||||
| Change in Other Net Operating Assets | -47.00M | -305.00M | -151.00M | 497.00M | -909.00M | 644.00M |
| Operating Cash Flow | 14.48B | 10.02B | 10.83B | 8.01B | 9.07B | 11.38B |
| Capital Expenditures | -699.00M | -563.00M | -523.00M | -585.00M | -728.00M | -579.00M |
| Cash Acquisitions | -11.95B | -1.07B | -4.84B | -1.15B | -1.80B | -1.58B |
| Investment in Securities | 1.96B | -3.16B | 1.86B | -528.00M | 60.00M | -987.00M |
| Other Investing Activities | 28.00M | 3.00M | 58.00M | -1.00M | 19.00M | |
| Investing Cash Flow | -10.66B | -4.79B | -3.45B | -2.27B | -2.47B | -3.13B |
| Long-Term Debt Issued | 3.46B | 1.98B | ||||
| Long-Term Debt Repaid | -1.79B | -1.97B | -2.25B | -1.50B | -4.75B | |
| Net Debt Issued (Repaid) | 1.27B | -1.79B | 1.49B | -270.00M | -1.50B | -4.75B |
| Issuance of Common Stock | 294.00M | 408.00M | 422.00M | 232.00M | 309.00M | 169.00M |
| Repurchase of Common Stock | -1.37B | -1.92B | -1.15B | -1.00B | -1.40B | -546.00M |
| Common Dividends Paid | -4.10B | -4.00B | -3.92B | -3.81B | -3.71B | -3.60B |
| Other Financing Activities | -779.00M | -440.00M | -281.00M | -278.00M | -173.00M | -145.00M |
| Financing Cash Flow | -4.69B | -7.75B | -3.43B | -5.12B | -6.47B | -8.88B |
| Foreign Exchange Rate Adjustments | -29.00M | 92.00M | -40.00M | 57.00M | -63.00M | -35.00M |
| Net Cash Flow | -893.00M | -2.43B | 3.91B | 673.00M | 74.00M | -659.00M |
| Free Cash Flow | 13.78B | 9.46B | 10.30B | 7.42B | 8.34B | 10.80B |
| Free Cash Flow Margin | 44.47% | 32.12% | 35.84% | 27.37% | 30.59% | 39.57% |
| Free Cash Flow Per Share | 11.10 | 7.54 | 8.21 | 5.90 | 6.61 | 8.56 |
| Levered Free Cash Flow | 10.68B | 7.54B | 10.13B | 8.50B | 6.94B | 10.20B |
| Unlevered Free Cash Flow | 11.31B | 8.18B | 10.74B | 9.09B | 7.52B | 10.83B |
| Cash Interest Paid | 1.04B | 1.04B | 951.00M | 891.00M | 907.00M | 979.00M |
| Cash Income Tax Paid | 3.21B | 3.21B | 2.78B | 3.99B | 3.14B | 2.51B |
| Change in Working Capital | -265.00M | -3.95B | -880.00M | -2.30B | -1.76B | 489.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 211.27B | 152.28B | 115.12B | 100.94B | 107.68B | 91.08B |
| Enterprise Value | 229.55B | 166.64B | 131.59B | 116.72B | 125.36B | 111.06B |
| Last Close Price | 170.68 | 120.57 | 88.27 | 74.37 | 75.89 | 61.38 |
| PE Ratio | 17.89 | 239.83 | 17.82 | 23.45 | 14.63 | |
| Forward PE | 20.77 | 14.57 | 12.55 | 10.88 | 12.90 | 10.79 |
| PS Ratio | 6.82 | 5.17 | 4.00 | 3.72 | 3.95 | 3.34 |
| PB Ratio | 16.24 | 6.73 | 5.98 | 4.44 | 5.08 | 4.32 |
| P/FCF Ratio | 15.33 | 16.10 | 11.17 | 13.60 | 12.90 | 8.43 |
| P/OCF Ratio | 14.59 | 15.20 | 10.63 | 12.61 | 11.87 | 8.00 |
| PEG Ratio | 2.86 | 0.65 | 0.74 | 0.93 | 8.42 | 41.29 |
| EV/Sales Ratio | 7.41 | 5.66 | 4.58 | 4.30 | 4.59 | 4.07 |
| EV/EBITDA Ratio | 15.66 | 11.43 | 9.78 | 9.71 | 9.59 | 7.94 |
| EV/EBIT Ratio | 19.38 | 14.10 | 12.31 | 12.51 | 11.42 | 9.31 |
| EV/FCF Ratio | 16.66 | 17.62 | 12.77 | 15.73 | 15.02 | 10.28 |
| Debt / Equity Ratio | 2.02 | 1.13 | 1.42 | 1.13 | 1.22 | 1.29 |
| Debt / EBITDA Ratio | 1.77 | 1.73 | 2.01 | 2.11 | 1.95 | 1.93 |
| Debt / FCF Ratio | 1.90 | 2.70 | 2.65 | 3.46 | 3.09 | 2.52 |
| Net Debt / Equity Ratio | 1.41 | 0.57 | 0.82 | 0.71 | 0.83 | 0.88 |
| Net Debt / EBITDA Ratio | 1.25 | 0.89 | 1.17 | 1.34 | 1.35 | 1.33 |
| Net Debt / FCF Ratio | 1.33 | 1.37 | 1.53 | 2.18 | 2.12 | 1.72 |
| Asset Turnover | 0.56 | 0.50 | 0.47 | 0.43 | 0.42 | 0.40 |
| Inventory Turnover | 3.38 | 3.58 | 3.58 | 3.62 | 3.62 | 3.35 |
| Quick Ratio | 1.08 | 1.23 | 1.33 | 1.15 | 1.03 | 1.02 |
| Current Ratio | 1.38 | 1.55 | 1.60 | 1.43 | 1.28 | 1.27 |
| Return on Equity (ROE) | -22.45% | 40.66% | 2.29% | 25.54% | 21.60% | 31.57% |
| Return on Assets (ROA) | 13.47% | 12.52% | 11.03% | 9.31% | 10.46% | 10.94% |
| Return on Invested Capital (ROIC) | 36.82% | 27.92% | 19.78% | 19.03% | 21.25% | 21.68% |
| Return on Capital Employed (ROCE) | 30.10% | 25.00% | 22.70% | 18.30% | 21.10% | 21.20% |
| Earnings Yield | -1.83% | 5.59% | 0.42% | 5.61% | 4.26% | 6.83% |
| FCF Yield | 6.52% | 6.21% | 8.95% | 7.35% | 7.75% | 11.86% |
| Dividend Yield | 1.93% | 2.57% | 3.33% | 3.70% | 3.38% | 3.91% |
| Payout Ratio | 47.04% | 816.25% | 67.24% | 80.77% | 57.91% | |
| Buyback Yield / Dilution | 1.58% | 0.24% | 0.24% | 0.32% | 0.08% | 0.08% |
| Total Shareholder Return | 3.51% | 2.82% | 3.57% | 4.02% | 3.46% | 3.99% |