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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CONSOLIDATED STATEMENTS OF INCOME      
Net revenues $ 19,652 $ 20,272 $ 20,314
Cost of sales 8,296 9,216 9,607
Gross profit 11,356 11,056 10,707
Research and development expenses 1,525 1,488 1,427
Selling and marketing expenses 3,478 3,861 4,080
General and administrative expenses 1,239 1,217 1,239
Impairments restructuring and others 1,131 650 788
Legal Settlements And Loss Contingencies 631 (111) 1,524
Operating income 3,352 3,951 1,649
Financial expenses - net 1,000 313 399
Income before income taxes 2,352 3,638 1,250
Income taxes 634 591 (43)
Share in losses of associated companies - net 121 5 40
Net income 1,597 3,042 1,253
Net income (loss) attributable to non-controlling interests 9 (13) (16)
Net income attributable to Teva 1,588 3,055 1,269
Accrued dividends on preferred shares. 15    
Net income attributable to ordinary shareholders $ 1,573 $ 3,055 $ 1,269
Weighted average number of shares (in millions):      
Basic 855 853 849
Diluted 864 858 850
Earnings per share attributable to ordinary shareholders:      
Basic $ 1.84 $ 3.58 $ 1.49
Diluted $ 1.82 $ 3.56 $ 1.49