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Selected Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Information
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The following amounts are in millions, except per share amounts:
 
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
2017
 
 
 
 
 
 
 
 
Total revenues
 
$
6,505

 
$
7,141

 
$
6,512

 
$
5,949

Gross profit on product sales
 
$
5,420

 
$
5,920

 
$
5,370

 
$
4,581

Net income (loss)(1)
 
$
2,699

 
$
3,069

 
$
2,712

 
$
(3,836
)
Net income (loss) attributable to Gilead(1)
 
$
2,702

 
$
3,073

 
$
2,718

 
$
(3,865
)
Net income (loss) per share attributable to Gilead common stockholders - basic(1)
 
$
2.07

 
$
2.35

 
$
2.08

 
$
(2.96
)
Net income (loss) per share attributable to Gilead common stockholders - diluted(1)
 
$
2.05

 
$
2.33

 
$
2.06

 
$
(2.96
)
2016
 
 

 
 

 
 
 
 

Total revenues
 
$
7,794

 
$
7,776

 
$
7,500

 
$
7,320

Gross profit on product sales
 
$
6,488

 
$
6,787

 
$
6,276

 
$
6,141

Net income
 
$
3,567

 
$
3,497

 
$
3,325

 
$
3,099

Net income attributable to Gilead
 
$
3,566

 
$
3,497

 
$
3,330

 
$
3,108

Net income per share attributable to Gilead common stockholders - basic
 
$
2.58

 
$
2.62

 
$
2.52

 
$
2.36

Net income per share attributable to Gilead common stockholders - diluted
 
$
2.53

 
$
2.58

 
$
2.49

 
$
2.34

_______________________
 
 
 
 
 
 
 
 

 
Note:
 
(1)
In December 2017, we recorded an estimated $5.5 billion net charge related to the enactment of the Tax Cuts and Jobs Act. See Note 17, Income Taxes of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K for additional details.