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ZIMMER BIOMET   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2022202120202019201820172016201520142013
Period End Date12/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/2013
Net Sales6,939.906,827.306,127.507,982.207,932.907,803.307,668.405,997.804,673.304,623.40
Total Revenues6,939.906,827.306,127.507,982.207,932.907,803.307,668.405,997.804,673.304,623.40
Cost of Products Sold2,019.501,960.401,824.302,252.602,271.902,132.902,381.801,800.601,242.801,266.70
Gross Profit------------5,286.604,197.203,430.503,356.70
Goodwill impairment292.8016.30503.0070.10979.70331.5031.10------
Intangible asset amortization526.80529.50512.10584.30595.90603.90565.90337.4092.5078.50
Research and development406.00435.80322.80449.30391.70369.90365.60268.80187.40203.00
In-process research and development--------------------
Selling, general and administrative2,761.702,843.402,712.703,343.803,379.303,104.702,944.602,284.201,750.701,749.30
Acquisition, integration and other expense11.403.1011.4012.2099.50262.20504.90------
Restructuring and other cost reduction initiatives191.60125.70107.2050.0034.2017.60--------
Special items--------------(839.50)(341.10)(210.30)
Settlement--------------------
Certain claims----------------(21.50)(47.00)
Net curtailment and settlement--------------------
Quality remediation(33.80)(52.80)(50.90)(82.40)(146.90)(181.30)(53.40)------
Operating Expenses6,243.605,967.006,044.406,844.707,899.107,004.006,847.305,530.503,636.003,554.80
Operating Income (Loss)696.30860.3083.101,137.5033.80799.30821.10467.301,037.301,068.60
Interest expense, net164.80208.40212.10226.90289.30325.30355.00286.6063.1070.10
Interest income (expense)--------------9.4011.9015.60
Loss on early extinguishment of debt--(165.10)----------------
Other expense(128.00)12.2023.80(4.80)(15.60)(9.40)(66.50)(36.90)(46.70)(6.00)
Earnings before income taxes and minority interest403.50499.00(105.20)905.80(271.10)464.60399.60153.20939.401,008.10
Current Federal175.3044.30(58.40)65.50(46.20)438.50134.2055.80178.20207.20
Current State16.107.202.709.8024.402.4012.4018.9016.5020.80
Current Foreign(14.70)104.10(79.70)237.70116.60(13.70)101.6096.30116.00127.70
Deferred Federal(74.80)(83.50)(12.70)(90.20)37.90(1,728.50)(108.50)(120.60)(54.80)(91.80)
Deferred State1.60(19.40)(10.00)(4.20)(8.80)(95.50)2.30(20.00)(6.60)(8.40)
Deferred Foreign8.800.8062.10(444.30)(15.70)48.00(47.00)(23.40)(29.10)(26.00)
Provision for Income Tax112.3053.50(96.00)(225.70)108.20(1,348.80)95.007.00220.20229.50
Minority interest1.000.501.50--------------
Net Earnings from Continuing Operations of Zimmer Biomet Holdings, Inc290.20445.00(10.70)--------------
(Loss) Earnings from discontinued operations, net of taxes(58.80)(43.40)(128.20)--------------
Earnings before cumulative effect of change in accounting principle--------------------
Cumulative Effect of Change in Accounting Principle--------------------
Net Earnings231.40401.60(138.90)1,131.50(379.30)1,813.40304.60146.20719.20778.60
Less : Net earnings attributable to noncontrolling interest------(0.10)(0.10)(0.40)(1.30)(0.80)(1.10)(1.80)
Net Income (loss) Available to Common Shareholders231.40401.60(138.90)1,131.60(379.20)1,813.80305.90147.00720.30780.40
Earnings before cumulative effect of change in accounting principle--------------------
Earnings from continuing operations1.382.14(0.05)--------------
(Loss) earnings from discontinued operations(0.28)(0.21)(0.62)--------------
Cumulative effect of change in accounting principle, net of tax--------------------
Net Earnings Per Share (Basic)1.101.93(0.67)5.52(1.86)8.981.530.784.264.60
Earnings before cumulative effect of change in accounting principle--------------------
Earnings from continuing operations1.382.12(0.05)--------------
(Loss) earnings from discontinued operations(0.28)(0.21)(0.62)--------------
Cumulative effect of change in accounting principle, net of tax--------------------
Net Earnings Per Share (Diluted)1.101.91(0.67)5.47(1.86)8.901.510.774.204.54
Weighted Average Shares Outstanding (Basic)209.60208.60207.00205.10203.50201.90200.00187.40169.00169.60
Weighted Average Shares Outstanding (Diluted)210.30210.40207.00206.70203.50203.70202.40189.80171.70171.80