GILD financial statements

The full income statement, balance sheet, and cash-flow statement for Gilead Sciences Inc. (GILD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 1.24B2024-09 1.25B2024-12 1.25B2025-03 1.24B2025-06 1.24B2025-09 1.24B2025-12 1.24B2026-03 1.24B2026-06 1.24B-0.4% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	29.4B YoY+2.4%	28.8B YoY+6.0%	27.1B YoY-0.6%	27.3B YoY-0.1%	27.3B YoY+10.6%
Cost of revenue	6.23B YoY-0.3%	6.25B YoY-3.8%	6.50B YoY+14.9%	5.66B YoY-14.3%	6.60B YoY+44.4%
Research & development	5.80B YoY-1.8%	5.91B YoY+3.3%	5.72B YoY+14.9%	4.98B YoY+8.2%	4.60B YoY-6.6%
Selling, general & administrative	5.77B YoY-5.2%	6.09B YoY+0.0%	6.09B YoY+7.4%	5.67B YoY+8.1%	5.25B YoY+1.8%
Restructuring	138M YoY-26.6%	188M YoY-64.3%	527M	—	—
Amortization of intangibles	2.40B YoY+0.0%	2.40B YoY+4.3%	2.30B YoY+27.8%	1.80B YoY+5.9%	1.70B YoY+41.7%
Operating income	10.0B YoY+503.0%	1.66B YoY-78.1%	7.61B YoY+3.8%	7.33B YoY-26.1%	9.92B YoY+143.6%
Interest expense	1.02B YoY+4.8%	977M YoY+3.5%	944M YoY+1.0%	935M YoY-6.6%	1.00B YoY+1.7%
Other non-operating income	-1.00M YoY+50.0%	-2.00M YoY+81.8%	-11.0M YoY+62.1%	-29.0M YoY+95.5%	-639M YoY+54.9%
Gain (loss) on equity securities	451M YoY+264.6%	-274M YoY-64.1%	-167M YoY+74.6%	-657M	—
Pre-tax income	9.80B YoY+1319.7%	690M YoY-89.9%	6.86B YoY+18.0%	5.81B YoY-29.8%	8.28B YoY+396.0%
Income tax	1.29B YoY+509.5%	211M YoY-83.1%	1.25B YoY-0.1%	1.25B YoY-39.9%	2.08B YoY+31.5%
	8.51B YoY+1672.9%	480M YoY-91.5%	5.67B YoY+23.4%	4.59B YoY-26.2%	6.22B YoY+4961.0%
Net income to non-controlling interest	0.00	0.00 YoY+100.0%	-52.0M YoY-100.0%	-26.0M YoY-8.3%	-24.0M YoY+29.4%
	$6.78 YoY+1684.2%	$0.38 YoY-91.6%	$4.50 YoY+23.6%	$3.64 YoY-26.2%	$4.93 YoY+4830.0%
EPS (basic)	$6.84 YoY+1700.0%	$0.38 YoY-91.6%	$4.54 YoY+24.0%	$3.66 YoY-26.2%	$4.96 YoY+4860.0%
	1.24B YoY-0.2%	1.25B YoY-0.1%	1.25B YoY-0.6%	1.25B YoY-0.1%	1.26B YoY-0.1%
	1.25B YoY+0.0%	1.25B YoY-0.2%	1.26B YoY-0.3%	1.26B YoY+0.0%	1.26B YoY-0.1%
Dividends per share	$3.16 YoY+2.6%	$3.08 YoY+2.7%	$3.00 YoY+2.7%	$2.92 YoY+2.8%	$2.84 YoY+4.4%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	18.3B YoY-4.3%	19.2B YoY+19.2%	16.1B YoY+11.4%	14.4B YoY-2.2%	14.8B YoY-7.7%
Cash & equivalents	7.56B YoY-24.3%	9.99B YoY+64.2%	6.08B YoY+12.4%	5.41B YoY+1.4%	5.34B YoY-11.0%
Short-term investments	68.0M	0.00 YoY-100.0%	1.18B YoY+21.2%	973M YoY-17.7%	1.18B YoY-16.2%
Accounts receivable	4.91B YoY+11.2%	4.42B YoY-5.2%	4.66B YoY-2.4%	4.78B YoY+6.3%	4.49B YoY-8.2%
Inventory	1.77B YoY+3.7%	1.71B YoY-4.3%	1.79B YoY+18.6%	1.51B YoY-6.9%	1.62B YoY-3.9%
Prepaid expenses	4.02B YoY+31.8%	3.05B YoY+28.6%	2.37B YoY+33.8%	1.77B YoY-17.1%	2.14B YoY+6.4%
	59.0B YoY+0.0%	59.0B YoY-5.0%	62.1B YoY-1.7%	63.2B YoY-7.0%	68.0B YoY-0.7%
Property, plant & equipment	5.61B YoY+3.5%	5.41B YoY+1.8%	5.32B YoY-2.9%	5.47B YoY+6.9%	5.12B YoY+3.1%
Operating lease right-of-use	532M YoY+3.3%	515M YoY-11.4%	581M YoY+15.0%	505M YoY-6.8%	542M YoY-16.1%
Goodwill	8.31B YoY+0.0%	8.31B YoY+0.0%	8.31B YoY+0.0%	8.31B YoY-0.2%	8.33B YoY+2.8%
Intangible assets	17.0B YoY-14.9%	19.9B YoY-24.6%	26.5B YoY-8.4%	28.9B YoY-13.6%	33.5B YoY+1.0%
Long-term investments	2.97B	0.00 YoY-100.0%	1.16B YoY-6.6%	1.25B YoY-4.9%	1.31B YoY+160.8%
Deferred tax assets	1.96B YoY-17.4%	2.38B	—	—	—
Other non-current assets	4.84B YoY+28.5%	3.77B YoY-21.3%	4.79B YoY-0.2%	4.80B YoY-3.3%	4.96B YoY-13.1%
	11.8B YoY-1.6%	12.0B YoY+6.4%	11.3B YoY+0.4%	11.2B YoY-3.2%	11.6B YoY+1.9%
Accounts payable	715M YoY-14.2%	833M YoY+51.5%	550M YoY-39.2%	905M YoY+28.4%	705M YoY-16.5%
Accrued liabilities	—	—	—	—	6.14B YoY+41.7%
Short-term & current debt	2.81B YoY+54.7%	1.81B YoY+0.9%	1.80B YoY-20.9%	2.27B YoY+49.9%	1.52B YoY-45.0%
Current lease liability	102M YoY-9.7%	113M YoY-9.6%	125M YoY+12.6%	111M YoY+9.9%	101M YoY-5.6%
Other current liabilities	3.95B YoY-27.7%	5.46B YoY+6.5%	5.13B YoY+12.0%	4.58B YoY-25.5%	6.14B
Long-term debt	22.1B YoY-11.1%	24.9B YoY+7.4%	23.2B YoY+1.0%	23.0B YoY-8.8%	25.2B YoY-12.1%
Non-current lease liability	503M YoY+1.0%	498M YoY-8.8%	546M YoY+16.9%	467M YoY-4.5%	489M YoY-19.6%
Operating lease liability (total)	605M YoY-1.0%	611M YoY-8.9%	671M YoY+16.1%	578M YoY-2.0%	590M YoY-17.5%
Deferred tax liabilities	402M YoY-44.5%	724M YoY-54.4%	1.59B YoY-40.6%	2.67B YoY-38.6%	4.36B YoY+11.3%
Other non-current liabilities	1.17B YoY-10.0%	1.29B YoY+1.2%	1.28B YoY+8.6%	1.18B YoY+20.8%	976M YoY-19.6%
	22.7B YoY+17.4%	19.3B YoY-15.3%	22.8B YoY+7.5%	21.2B YoY+0.8%	21.1B YoY+15.8%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%
Additional paid-in capital	8.93B YoY+16.0%	7.70B YoY+18.5%	6.50B YoY+17.1%	5.55B YoY+19.1%	4.66B YoY+20.1%
Retained earnings	13.7B YoY+19.4%	11.5B YoY-29.5%	16.3B YoY+3.9%	15.7B YoY-3.9%	16.3B YoY+13.5%
Accumulated other comprehensive income	39.0M YoY-70.5%	132M YoY+371.4%	28.0M YoY+1300.0%	2.00M YoY-97.6%	83.0M YoY+238.3%
Non-controlling interest	-84.0M YoY+0.0%	-84.0M YoY+0.0%	-84.0M YoY-171.0%	-31.0M YoY-520.0%	-5.00M YoY-126.3%
Total equity incl. non-controlling	22.6B YoY+17.5%	19.2B YoY-15.4%	22.7B YoY+7.3%	21.2B YoY+0.7%	21.1B YoY+15.6%
Total liabilities & equity	59.0B YoY+0.0%	59.0B YoY-5.0%	62.1B YoY-1.7%	63.2B YoY-7.0%	68.0B YoY-0.7%
	1.24B YoY-0.4%	1.25B YoY+0.0%	1.25B YoY-0.1%	1.25B YoY-0.6%	1.25B YoY+0.0%
	1.24B YoY-0.4%	1.25B YoY+0.0%	1.25B YoY-0.1%	1.25B YoY-0.6%	1.25B YoY+0.0%
	1.24B YoY-0.3%	1.25B YoY-0.0%	1.25B YoY-0.1%	1.25B YoY-0.5%	1.25B YoY-0.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	10.0B YoY-7.5%	10.8B YoY+35.2%	8.01B YoY-11.8%	9.07B YoY-20.3%	11.4B YoY+39.4%
Depreciation & amortization	2.77B YoY-0.4%	2.78B YoY+4.8%	2.65B YoY+25.0%	2.12B YoY+4.6%	2.03B YoY+36.4%
Intangible amortization	2.40B YoY+0.0%	2.40B YoY+4.3%	2.30B YoY+27.8%	1.80B YoY+5.9%	1.70B YoY+41.7%
Share-based compensation	894M YoY+7.1%	835M YoY+9.0%	766M YoY+20.3%	637M YoY+0.3%	635M YoY-1.2%
Deferred income taxes	160M YoY+108.7%	-1.84B YoY-91.7%	-962M YoY+38.0%	-1.55B YoY-1237.9%	-116M YoY+45.8%
Change in receivables	367M YoY+364.0%	-139M YoY+11.5%	-157M YoY-138.7%	406M YoY+229.7%	-313M YoY-126.7%
Change in inventory	1.04B YoY+143.2%	426M YoY-49.4%	842M YoY+171.6%	310M YoY+2918.2%	-11.0M YoY-105.6%
Change in payables	-132M YoY-145.5%	290M YoY+183.6%	-347M YoY-253.5%	226M YoY+291.5%	-118M YoY-247.5%
	-4.79B YoY-39.0%	-3.45B YoY-52.3%	-2.27B YoY+8.2%	-2.47B YoY+21.2%	-3.13B YoY+78.6%
Capital expenditure	563M YoY+7.6%	523M YoY-10.6%	585M YoY-19.6%	728M YoY+25.7%	579M YoY-10.9%
Free cash flow	9.46B YoY-8.2%	10.3B YoY+38.9%	7.42B YoY-11.1%	8.34B YoY-22.8%	10.8B YoY+43.7%
Acquisitions	1.07B YoY-77.9%	4.84B YoY+320.1%	1.15B YoY-35.9%	1.80B YoY+13.4%	1.58B YoY-93.9%
Sales/maturities of investments	55.0M YoY-83.2%	327M YoY-75.5%	1.33B YoY-16.1%	1.59B YoY-27.1%	2.18B YoY-77.0%
Other investing activities	-2.00M YoY+96.6%	-58.0M YoY-5900.0%	1.00M YoY+0.0%	1.00M YoY+105.3%	-19.0M YoY-171.4%
	-7.75B YoY-125.6%	-3.43B YoY+33.0%	-5.13B YoY+20.8%	-6.47B YoY+27.1%	-8.88B YoY-1252.9%
Long-term debt issued	0.00 YoY-100.0%	3.46B YoY+74.9%	1.98B	0.00	0.00 YoY-100.0%
Long-term debt repaid	0.00	0.00	0.00	0.00 YoY-100.0%	4.75B
Common stock issued	408M YoY-3.3%	422M YoY+81.9%	232M YoY-24.9%	309M YoY+82.8%	169M YoY-34.0%
Common stock repurchased	1.92B YoY+67.1%	1.15B YoY+15.0%	1.00B YoY-28.4%	1.40B YoY+155.7%	546M YoY-65.5%
Dividends paid	4.00B YoY+2.2%	3.92B YoY+2.9%	3.81B YoY+2.7%	3.71B YoY+2.9%	3.60B YoY+4.5%
Other financing activities	-440M YoY-56.6%	-281M YoY-0.7%	-279M YoY-61.3%	-173M YoY-19.3%	-145M YoY-5.1%
FX effect on cash	92.0M YoY+330.0%	-40.0M YoY-170.2%	57.0M YoY+190.5%	-63.0M YoY-80.0%	-35.0M YoY-181.4%
Net change in cash	-2.43B YoY-162.2%	3.91B YoY+480.4%	673M YoY+809.5%	74.0M YoY+111.2%	-659M YoY+88.3%
Interest paid	1.04B YoY+8.9%	951M YoY+6.7%	891M YoY-1.8%	907M YoY-7.4%	979M YoY+2.9%
Income taxes paid	3.21B YoY+15.7%	2.78B YoY-30.4%	3.99B YoY+27.2%	3.14B YoY+25.0%	2.51B YoY-4.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	152B YoY+32.5%	115B YoY+14.0%	101B YoY-6.3%	108B YoY+18.3%	91.0B YoY+24.4%
P/E	17.9× YoY-92.5%	239.7× YoY+1294.8%	17.2× YoY-46.8%	32.3× YoY+120.8%	14.6× YoY-97.5%
P/S	5.2× YoY+29.4%	4.0× YoY+8.6%	3.7× YoY-7.1%	4.0× YoY+19.0%	3.3× YoY+12.4%
P/B	6.7× YoY+12.8%	6.0× YoY+31.6%	4.5× YoY-11.4%	5.1× YoY+18.2%	4.3× YoY+7.4%
P/FCF	16.1× YoY+44.4%	11.2× YoY-13.2%	12.9× YoY+7.5%	12.0× YoY+41.9%	8.4× YoY-13.5%
	5.6% YoY+1238.5%	0.42% YoY-92.8%	5.8% YoY+88.0%	3.1% YoY-54.7%	6.8% YoY+3969.5%
	6.2% YoY-30.7%	9.0% YoY+15.1%	7.8% YoY-7.0%	8.4% YoY-29.5%	11.9% YoY+15.6%
	2.6% YoY-22.8%	3.3% YoY-10.0%	3.7% YoY+8.9%	3.4% YoY-13.0%	3.9% YoY-16.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GILD's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GILD filings on SEC EDGAR → Not investment advice.