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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 6,954 $ 6,599 $ 13,640 $ 12,951
Costs and expenses:        
Cost of goods sold 1,544 1,442 3,096 2,843
Research and development expenses 1,351 1,407 2,871 2,854
Acquired in-process research and development expenses 38 236 4,169 717
In-process research and development impairment 0 0 2,430 0
Selling, general and administrative expenses 1,377 1,849 2,752 3,168
Total costs and expenses 4,309 4,934 15,317 9,581
Operating income (loss) 2,644 1,665 (1,678) 3,370
Interest expense 237 230 491 459
Other (income) expense, net 355 (152) 265 22
Income (loss) before income taxes 2,053 1,588 (2,433) 2,888
Income tax expense 438 549 123 865
Net income (loss) 1,614 1,039 (2,556) 2,024
Net loss attributable to noncontrolling interest 0 (6) 0 (32)
Net income (loss) attributable to Gilead $ 1,614 $ 1,045 $ (2,556) $ 2,055
Basic earnings (loss) per share attributable to Gilead (in dollars per share) $ 1.29 $ 0.84 $ (2.05) $ 1.65
Shares used in basic earnings (loss) per share attributable to Gilead calculation (in shares) 1,247 1,249 1,247 1,249
Diluted earnings (loss) per share attributable to Gilead (in dollars per share) $ 1.29 $ 0.83 $ (2.05) $ 1.63
Shares used in diluted earnings (loss) per share attributable to Gilead calculation (in shares) 1,251 1,258 1,247 1,260
Product sales        
Revenues:        
Total revenues $ 6,912 $ 6,564 $ 13,559 $ 12,870
Royalty, contract and other revenues        
Revenues:        
Total revenues $ 41 $ 35 $ 81 $ 81