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Jun 30, 2022

Teva Q2 2022 Earnings Report

Delivered solid performance despite macroeconomic headwinds and reached agreement in principle on nationwide opioids settlement

Key Takeaways

Teva reported Q2 2022 results with revenues of $3.8 billion. The company has reached an agreement in principle on a nationwide opioids settlement. The 2022 revenue outlook was revised due to foreign exchange headwinds and increased competition for COPAXONE, while reaffirming earnings and cash flow guidance.

Revenues of $3.8 billion

GAAP diluted loss per share of $0.21

Non-GAAP diluted EPS of $0.68

Free cash flow of $301 million

Total Revenue
$3.79B
Previous year: $3.91B
-3.2%
EPS
$0.68
Previous year: $0.59
+15.3%
Gross Profit
$1.79B
Previous year: $1.87B
-4.3%
Cash and Equivalents
$2.06B
Previous year: $2.44B
-15.5%
Free Cash Flow
$301M
Previous year: $105M
+186.7%
Total Assets
$45.9B
Previous year: $49.2B
-6.6%

Teva

Teva

Teva Revenue by Segment

Teva Revenue by Geographic Location

Forward Guidance

Teva revised its 2022 revenues outlook mainly due to continued foreign exchange headwinds and increased competition and foreign exchange fluctuations. Operating income, EBITDA, EPS and free cash flow were reaffirmed.

Revenue & Expenses

Visualization of income flow from segment revenue to net income