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Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net revenues $ 3,982 $ 4,357
Cost of sales 2,104 2,294
Gross profit 1,878 2,063
Research and development expenses 254 221
Selling and marketing expenses 585 613
General and administrative expenses 290 304
Intangible assets impairments 79 649
Other assets impairments, restructuring and other items 137 121
Legal settlements and loss contingencies 104 (25)
Other income (5) (13)
Operating (loss) income 434 191
Financial expenses, net 290 224
Income (loss) before income taxes 144 (33)
Income taxes (benefit) 62 (59)
Share in (profits) losses of associated companies, net (3) 1
Net income (loss) 84 25
Net income (loss) attributable to non-controlling interests 7 (44)
Net income (loss) attributable to Teva $ 77 $ 69
Earnings (loss) per share attributable to ordinary shareholders:    
Basic $ 0.07 $ 0.06
Diluted $ 0.07 $ 0.06
Weighted average number of shares (in millions):    
Basic 1,099 1,093
Diluted 1,107 1,096