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Dec 31, 2020
Bristol-Myers Squibb Q4 2020 Earnings Report
Reported solid operational and financial results, and laid a strong foundation for the future.
Key Takeaways
Bristol Myers Squibb reported Q4 2020 revenues of $11.1 billion, a 39% increase, and a GAAP loss per share of $4.45, with non-GAAP EPS of $1.46. The company completed the acquisition of MyoKardia and announced a debt tender offer. They also delivered positive results from a trial evaluating Deucravacritinib for plaque psoriasis and announced a licensing agreement with The Rockefeller University for a COVID-19 treatment.
Fourth Quarter revenues reached $11.1 billion, marking a 39% increase.
The company posted a Fourth Quarter GAAP loss per share of $4.45 and a non-GAAP EPS of $1.46.
Bristol Myers Squibb completed the acquisition of MyoKardia, expanding its cardiovascular franchise.
A debt tender offer for up to $4.0 billion was announced.
Bristol-Myers Squibb
Bristol-Myers Squibb
Bristol-Myers Squibb Revenue by Segment
Bristol-Myers Squibb Revenue by Geographic Location
Revenue by Segment
Net Product Sales Revenue
CapyFin.comAlliance and Other Revenues Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Bristol Myers Squibb is providing 2021 GAAP EPS guidance in the range of $3.12-$3.32 and is increasing its non-GAAP EPS guidance range from $7.15 - $7.45 to $7.35 - $7.55. They expect worldwide revenues increasing in the high-single digits.
Positive Outlook
- Worldwide revenues increasing in the high-single digits.
- Gross margin as a percentage of revenue to be approximately 80.5%.
- Marketing, selling and administrative expenses to be in-line with 2020 levels for GAAP and increasing in the low-single digit range for non-GAAP.
- Research and development expenses decreasing in the high-single digits for GAAP and increasing in the mid-single digits for non-GAAP.
- An effective tax rate of approximately 22% for GAAP and approximately 16% for non-GAAP.
Revenue & Expenses
Visualization of income flow from segment revenue to net income