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Prepare horizontal analysis on income statement below: Pfizer Inc (NYS: PFE) Report Date 2020 2019 2018 Revenues 41,908,000 51,750,000 53,647,000 Cost of sales 8,692,000 10,219,000
Prepare horizontal analysis on income statement below:
Pfizer Inc (NYS: PFE) | |||||
Report Date | 2020 | 2019 | 2018 | ||
Revenues | 41,908,000 | 51,750,000 | 53,647,000 | ||
Cost of sales | 8,692,000 | 10,219,000 | 11,248,000 | ||
Gross Profit | 33,216,000 | 41,531,000 | 42,399,000 | ||
Selling, informational & administrative expenses | 11,615,000 | 14,350,000 | 14,455,000 | ||
Research & development expenses | 9,405,000 | 8,650,000 | 8,006,000 | ||
Amortization of intangible assets | 3,436,000 | 4,610,000 | 4,893,000 | ||
Restructuring charges & certain acquisition-related costs | 600,000 | 747,000 | 1,044,000 | ||
Gain (loss) on completion of Consumer Healthcare JV transaction | 6,000 | 8,086,000 | - | ||
Interest income | 73,000 | 226,000 | 333,000 | ||
Interest expense | 1,449,000 | 1,574,000 | 1,316,000 | ||
Royalty-related income | 770,000 | 648,000 | 495,000 | ||
other expenses | 63,000 | 2,878,000 | 1,628,000 | ||
Income (loss) from continuing operations before provision for taxes on income | 7,497,000 | 17,682,000 | 11,885,000 | ||
Provision (benefit) for taxes on income | 476,000 | 1,384,000 | 706,000 | ||
Income (loss) from continuing operations after provision for taxes on income | 7,021,000 | 16,298,000 | 11,179,000 | ||
Income (loss) from discontinued operations - net of tax | 2,631,000 | 4,000 | 9,000 | ||
Net income before allocation to noncontrolling interests | 9,652,000 | 16,302,000 | 11,188,000 | ||
Less: net income attributable to noncontrolling interests | (36,000) | (29,000) | (35,000) | ||
Net income attributable to Pfizer Inc. | 9,616,000 | 16,273,000 | 11,153,000 |
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