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ZIMMER BIOMET   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Net Sales7,678.607,394.206,939.907,836.207,024.507,982.207,932.907,824.107,683.905,997.80
Total Revenues7,678.607,394.206,939.907,836.207,024.507,982.207,932.907,824.107,683.905,997.80
Cost of Products Sold2,191.202,083.802,019.502,341.002,128.302,252.602,271.902,132.902,381.801,800.60
Gross Profit------------5,661.005,691.205,302.104,197.20
Goodwill impairment----292.8016.30645.0070.10979.70304.70----
Intangible asset amortization591.90561.50526.80615.70597.60584.30595.90603.90565.90337.40
Research and development437.40458.70406.00497.20372.00449.30391.70367.40365.60268.80
In-process research and development--------------------
Selling, general and administrative2,929.802,838.902,761.703,323.903,177.803,343.803,379.302,973.902,932.902,284.20
Acquisition, integration and other expense23.6021.7011.4079.8023.8012.20133.70------
Restructuring and other cost reduction initiatives219.00151.90191.60129.10116.9050.00--------
Special items--------------(633.10)(611.80)(831.80)
Settlement--------------------
Certain claims------------------(7.70)
Net curtailment and settlement--------------------
Quality remediation----(33.80)(53.10)(50.90)(82.40)(146.90)------
Operating Expenses6,392.906,116.506,243.607,056.107,112.306,844.707,899.107,015.906,858.005,530.50
Operating Income (Loss)1,285.701,277.70696.30780.10(87.80)1,137.5033.80808.20825.90467.30
Interest expense, net218.00201.20164.80208.40212.00226.90289.30327.50357.90286.60
Interest income (expense)--------------2.202.909.40
Loss on early extinguishment of debt------(165.10)------------
Other expense(31.10)(9.30)(128.00)11.8025.40(4.80)(15.60)(18.30)(71.30)(36.90)
Earnings before income taxes and minority interest1,036.601,067.30403.50418.40(274.40)905.80(271.10)464.60399.60153.20
Current Federal4.40--175.3032.20(96.10)65.50(46.20)438.50134.2055.80
Current State20.90--16.1010.404.609.8024.402.4012.4018.90
Current Foreign153.80--(14.70)123.40(57.50)237.70116.60(13.70)101.6096.30
Deferred Federal(59.70)--(74.80)(115.80)(24.20)(90.20)37.90(1,728.50)(108.50)(120.60)
Deferred State(12.30)--1.60(21.60)(11.50)(4.20)(8.80)(95.50)2.30(20.00)
Deferred Foreign24.30--8.80(12.30)47.70(444.30)(15.70)48.00(47.00)(23.40)
Provision for Income Tax131.4042.20112.3016.30(137.00)(225.70)108.20(1,348.80)95.007.00
Minority interest----1.00--------------
Net Earnings from Continuing Operations of Zimmer Biomet Holdings, Inc905.201,025.10290.20--------------
(Loss) Earnings from discontinued operations, net of taxes----(58.80)--------------
Earnings before cumulative effect of change in accounting principle--------------------
Cumulative Effect of Change in Accounting Principle--------------------
Net Earnings905.201,025.10231.40402.10(137.40)1,131.50(379.30)1,813.40304.60146.20
Less : Net earnings attributable to noncontrolling interest1.501.10--0.501.50(0.10)(0.10)(0.40)(1.30)(0.80)
Net Income (loss) Available to Common Shareholders903.801,024.00231.40401.60(138.90)1,131.60(379.20)1,813.80305.90147.00
Earnings before cumulative effect of change in accounting principle--------------------
Earnings from continuing operations4.454.911.38--------------
(Loss) earnings from discontinued operations----(0.28)--------------
Cumulative effect of change in accounting principle, net of tax--------------------
Net Earnings Per Share (Basic)4.454.911.101.93(0.67)5.52(1.86)8.981.530.78
Earnings before cumulative effect of change in accounting principle--------------------
Earnings from continuing operations4.434.881.38--------------
(Loss) earnings from discontinued operations----(0.28)--------------
Cumulative effect of change in accounting principle, net of tax--------------------
Net Earnings Per Share (Diluted)4.434.881.101.91(0.67)5.47(1.86)8.901.510.77
Weighted Average Shares Outstanding (Basic)203.10208.70209.60208.60207.00205.10203.50201.90200.00187.40
Weighted Average Shares Outstanding (Diluted)203.90209.70210.30210.40207.00206.70203.50203.70202.40189.80