Zoetis inc. (ZTS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Oct'17Jul'17Apr'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Revenue

1,534,000

1,674,000

1,584,000

1,547,000

1,455,000

1,564,000

1,480,000

1,415,000

1,366,000

1,460,000

1,347,000

1,269,000

1,231,000

1,277,000

1,241,000

1,208,000

1,162,000

1,274,000

1,214,000

1,175,000

1,102,000

1,320,000

1,210,000

1,158,000

1,097,000

1,254,000

1,103,000

1,114,000

1,090,000

1,176,000

1,019,000

1,094,000

1,047,000

Costs and expenses:
Cost of sales

459,000

530,000

479,000

465,000

518,000

544,000

473,000

447,000

447,000

457,000

435,000

440,000

443,000

468,000

410,000

399,000

389,000

496,000

421,000

427,000

394,000

491,000

434,000

413,000

379,000

466,000

385,000

416,000

402,000

433,000

359,000

378,000

393,000

Selling, general and administrative expenses

389,000

472,000

391,000

406,000

369,000

420,000

367,000

359,000

338,000

361,000

328,000

336,000

309,000

361,000

345,000

343,000

315,000

425,000

374,000

379,000

354,000

497,000

394,000

396,000

356,000

458,000

399,000

399,000

357,000

453,000

335,000

344,000

338,000

Research and development expenses

107,000

132,000

112,000

111,000

102,000

125,000

108,000

102,000

97,000

110,000

96,000

86,000

90,000

108,000

90,000

88,000

90,000

109,000

91,000

84,000

80,000

124,000

93,000

92,000

87,000

121,000

93,000

95,000

90,000

121,000

94,000

92,000

102,000

Amortization of intangible assets

40,000

40,000

38,000

39,000

38,000

39,000

32,000

23,000

23,000

23,000

23,000

23,000

22,000

21,000

21,000

22,000

21,000

16,000

15,000

15,000

15,000

14,000

16,000

15,000

15,000

15,000

15,000

15,000

15,000

16,000

16,000

16,000

16,000

Restructuring charges and certain acquisition-related costs

9,000

18,000

6,000

22,000

5,000

14,000

47,000

5,000

2,000

12,000

8,000

0

-1,000

20,000

4,000

-21,000

2,000

40,000

13,000

266,000

1,000

15,000

2,000

5,000

3,000

36,000

3,000

-20,000

7,000

80,000

6,000

24,000

25,000

Interest expense, net of capitalized interest

53,000

56,000

56,000

55,000

56,000

59,000

54,000

46,000

47,000

50,000

43,000

41,000

41,000

41,000

41,000

41,000

43,000

38,000

29,000

29,000

28,000

30,000

29,000

29,000

29,000

30,000

29,000

32,000

22,000

8,000

7,000

8,000

8,000

Other (income)/deductions—net

20,000

11,000

26,000

6,000

14,000

55,000

19,000

4,000

5,000

-17,000

-1,000

2,000

10,000

-27,000

3,000

-4,000

30,000

-81,000

2,000

-2,000

0

6,000

-4,000

-8,000

-1,000

-2,000

6,000

10,000

-5,000

9,000

11,000

20,000

6,000

Income before provision for taxes on income

497,000

437,000

528,000

455,000

381,000

418,000

418,000

437,000

417,000

430,000

413,000

345,000

337,000

231,000

333,000

332,000

332,000

69,000

273,000

-27,000

230,000

155,000

238,000

200,000

227,000

126,000

185,000

187,000

192,000

74,000

213,000

252,000

171,000

Provision for taxes on income

74,000

53,000

95,000

84,000

69,000

73,000

71,000

55,000

67,000

350,000

117,000

98,000

98,000

77,000

96,000

108,000

128,000

49,000

83,000

9,000

65,000

29,000

71,000

61,000

72,000

22,000

54,000

59,000

52,000

84,000

52,000

79,000

59,000

Net income before allocation to noncontrolling interests

423,000

384,000

433,000

371,000

312,000

345,000

347,000

382,000

350,000

80,000

296,000

247,000

239,000

154,000

237,000

224,000

204,000

20,000

190,000

-36,000

165,000

126,000

167,000

139,000

155,000

104,000

131,000

128,000

140,000

-10,000

161,000

173,000

112,000

Less: Net loss attributable to noncontrolling interests

-

0

0

0

-

0

0

-2,000

-2,000

-1,000

-2,000

0

1,000

0

-2,000

0

0

-2,000

1,000

1,000

0

0

1,000

3,000

0

-1,000

0

0

0

0

-1,000

0

1,000

Net income

423,000

384,000

433,000

371,000

312,000

345,000

347,000

384,000

352,000

81,000

298,000

247,000

238,000

154,000

239,000

224,000

204,000

22,000

189,000

-37,000

165,000

126,000

166,000

136,000

155,000

105,000

131,000

128,000

140,000

-10,000

162,000

173,000

111,000

Earnings per share
Basic (in dollars per share)

0.89

0.81

0.91

0.77

0.65

0.72

0.72

0.79

0.72

0.17

0.61

0.50

0.48

0.32

0.48

0.45

0.41

0.04

0.38

-0.07

0.33

0.25

0.33

0.27

0.31

0.21

0.26

0.26

0.28

-0.02

0.32

0.35

0.22

Diluted (in dollars per share)

0.88

0.80

0.90

0.77

0.65

0.71

0.71

0.79

0.72

0.16

0.61

0.50

0.48

0.31

0.48

0.45

0.41

0.04

0.38

-0.07

0.33

0.25

0.33

0.27

0.31

0.21

0.26

0.26

0.28

-0.02

0.32

0.35

0.22

Weighted-average common shares outstanding:
Basic (in shares)

475,600

476,312

477,800

478,800

479,600

480,552

482,000

483,800

485,900

487,272

489,200

490,800

492,400

493,960

495,200

496,300

497,400

498,328

499,200

500,200

501,100

501,561

501,453

500,975

500,231

500,008

500,000

500,000

500,000

500,000

500,000

500,000

500,000

Diluted (in shares)

479,000

480,248

481,500

482,300

483,100

484,492

485,800

487,500

489,800

490,944

492,500

493,900

495,300

496,700

497,900

498,800

499,500

502,976

501,700

500,200

503,200

503,269

502,445

501,684

500,702

500,586

500,354

500,217

500,111

500,000

500,000

500,000

500,000

Dividends paid per common share (in dollars per share)

0.20

0.36

0.00

0.16

0.16

0.29

0.00

0.12

0.12

0.23

0.00

0.10

0.10

0.20

0.00

0.09

0.09

0.17

0.08

0.00

0.08

0.15

0.07

0.00

0.07

0.07

0.06

0.06

0.06

0.00

0.00

0.00

0.00