Annual Income Statements for GSK
This table shows GSK's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for GSK
No quarterly income statements for GSK are available.
Annual Cash Flow Statements for GSK
This table details how cash moves in and out of GSK's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Net Change in Cash & Equivalents |
|
12,796 |
-1,436 |
-1,223 |
610 |
1,095 |
-10,781 |
-14,351 |
-659 |
-596 |
750 |
163 |
| Net Cash From Operating Activities |
|
12,796 |
8,016 |
9,345 |
10,728 |
10,627 |
6,551 |
-4,821 |
8,941 |
8,624 |
8,206 |
10,653 |
| Net Cash From Continuing Operating Activities |
|
12,796 |
8,016 |
9,345 |
10,728 |
10,627 |
6,551 |
-4,821 |
8,012 |
8,624 |
8,206 |
10,653 |
| Net Income / (Loss) Continuing Operations |
|
12,796 |
1,310 |
2,930 |
5,155 |
6,981 |
0.00 |
0.00 |
5,943 |
6,764 |
3,695 |
0.00 |
| Non-Cash Adjustments To Reconcile Net Income |
|
- |
8,691 |
8,226 |
7,263 |
5,650 |
5,909 |
-2,912 |
3,651 |
3,553 |
6,148 |
10,891 |
| Changes in Operating Assets and Liabilities, net |
|
- |
-1,985 |
-1,810 |
-1,689 |
-2,004 |
642 |
-1,909 |
-1,582 |
-1,692 |
-1,636 |
-238 |
| Net Cash From Investing Activities |
|
0.00 |
-1,566 |
-1,949 |
-1,978 |
-7,094 |
-1,284 |
-1,104 |
-10,594 |
-2,033 |
-1,539 |
-4,056 |
| Net Cash From Continuing Investing Activities |
|
0.00 |
-1,462 |
-1,934 |
-1,978 |
-2,487 |
-1,284 |
-1,104 |
-6,016 |
-2,391 |
-1,560 |
-4,056 |
| Purchase of Property, Plant & Equipment |
|
- |
-2,059 |
-2,975 |
-1,712 |
-2,866 |
-1,351 |
-1,283 |
-2,727 |
-2,987 |
-3,734 |
-1,813 |
| Acquisitions |
|
- |
21 |
0.00 |
-13 |
- |
0.00 |
0.00 |
-3,754 |
-1,857 |
-1,008 |
-2,275 |
| Sale of Property, Plant & Equipment |
|
- |
470 |
444 |
540 |
661 |
67 |
178 |
413 |
51 |
245 |
32 |
| Net Cash From Financing Activities |
|
0.00 |
-7,887 |
-8,619 |
-8,139 |
-2,438 |
-16,048 |
-8,425 |
994 |
-7,188 |
-5,917 |
-6,434 |
| Net Cash From Continuing Financing Activities |
|
0.00 |
-9,045 |
-7,730 |
-8,243 |
-6,539 |
-16,048 |
-8,425 |
-11,172 |
-6,239 |
-4,613 |
-6,434 |
| Repayment of Debt |
|
- |
-1,993 |
-4,647 |
-3,645 |
-6,982 |
-5,105 |
-3,110 |
-9,321 |
-4,107 |
-3,096 |
-811 |
| Repurchase of Common Equity |
|
- |
- |
- |
- |
- |
- |
- |
- |
0.00 |
0.00 |
-1,852 |
| Payment of Dividends |
|
- |
-6,643 |
-6,329 |
-5,729 |
-5,720 |
-6,035 |
-5,721 |
-4,187 |
-2,863 |
-3,060 |
-3,947 |
| Issuance of Debt |
|
- |
0.00 |
3,017 |
12,916 |
6,352 |
-4,908 |
406 |
1,238 |
284 |
1,346 |
175 |
| Cash Interest Paid |
|
- |
- |
- |
- |
- |
1,162 |
1,042 |
- |
- |
- |
913 |
| Cash Interest Received |
|
- |
- |
- |
- |
- |
37 |
19 |
- |
- |
- |
207 |
Quarterly Cash Flow Statements for GSK
No quarterly cash flow statements for GSK are available.
Annual Balance Sheets for GSK
This table presents GSK's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Total Assets |
|
72,888 |
76,165 |
73,975 |
105,598 |
109,845 |
106,789 |
72,638 |
75,190 |
74,454 |
82,185 |
| Total Current Assets |
|
20,616 |
21,489 |
21,565 |
25,827 |
27,652 |
25,210 |
25,083 |
23,758 |
21,282 |
23,546 |
| Cash & Equivalents |
|
6,041 |
5,178 |
4,935 |
6,237 |
8,593 |
5,770 |
4,496 |
3,741 |
4,846 |
4,568 |
| Short-Term Investments |
|
- |
92 |
240 |
558 |
208 |
254 |
229 |
166 |
136 |
163 |
| Accounts Receivable |
|
7,434 |
8,105 |
8,183 |
9,543 |
9,494 |
10,611 |
8,518 |
9,411 |
8,559 |
10,046 |
| Inventories, net |
|
6,294 |
7,507 |
6,976 |
9,037 |
8,334 |
7,807 |
6,215 |
7,103 |
7,098 |
8,369 |
| Current Deferred & Refundable Income Taxes |
|
279 |
349 |
292 |
347 |
916 |
656 |
489 |
475 |
612 |
387 |
| Plant, Property, & Equipment, net |
|
12,288 |
14,671 |
14,088 |
13,712 |
13,897 |
13,408 |
10,788 |
11,494 |
11,553 |
12,535 |
| Plant, Property & Equipment, gross |
|
12,288 |
14,671 |
14,088 |
13,712 |
13,897 |
13,408 |
10,788 |
11,494 |
11,553 |
12,535 |
| Total Noncurrent Assets |
|
45,628 |
40,005 |
39,687 |
66,059 |
68,296 |
68,171 |
36,767 |
39,938 |
41,619 |
46,104 |
| Long-Term Investments |
|
1,649 |
1,487 |
1,985 |
2,850 |
4,676 |
2,989 |
1,861 |
1,519 |
1,498 |
1,514 |
| Goodwill |
|
7,359 |
7,746 |
7,375 |
13,995 |
14,472 |
14,245 |
8,509 |
8,679 |
8,742 |
9,437 |
| Intangible Assets |
|
23,164 |
23,724 |
21,915 |
41,018 |
40,731 |
40,607 |
17,292 |
18,819 |
19,426 |
22,521 |
| Noncurrent Deferred & Refundable Income Taxes |
|
5,396 |
5,128 |
4,952 |
5,428 |
5,855 |
7,044 |
6,833 |
7,708 |
8,460 |
8,767 |
| Other Noncurrent Operating Assets |
|
7,795 |
1,920 |
3,460 |
2,768 |
2,562 |
3,286 |
2,272 |
3,213 |
3,492 |
3,865 |
| Total Liabilities & Shareholders' Equity |
|
77,965 |
67,827 |
73,975 |
105,598 |
109,845 |
106,789 |
72,638 |
66,701 |
65,338 |
72,945 |
| Total Liabilities |
|
66,765 |
71,451 |
69,297 |
81,274 |
81,428 |
77,977 |
60,445 |
58,885 |
58,069 |
60,729 |
| Total Current Liabilities |
|
21,703 |
35,892 |
28,653 |
31,868 |
30,248 |
31,955 |
27,548 |
26,847 |
27,167 |
28,764 |
| Short-Term Debt |
|
5,094 |
3,816 |
8,446 |
9,167 |
5,087 |
4,861 |
4,773 |
3,585 |
2,941 |
4,050 |
| Accounts Payable |
|
14,760 |
28,328 |
18,815 |
19,795 |
21,633 |
23,698 |
19,641 |
21,138 |
19,201 |
21,944 |
| Current Deferred & Payable Income Tax Liabilities |
|
1,610 |
1,344 |
- |
833 |
744 |
660 |
569 |
- |
880 |
670 |
| Other Current Liabilities |
|
239 |
950 |
162 |
2,072 |
2,783 |
2,735 |
2,565 |
145 |
2,677 |
101 |
| Total Noncurrent Liabilities |
|
47,660 |
35,559 |
40,644 |
49,406 |
51,180 |
46,023 |
32,898 |
32,038 |
30,902 |
31,965 |
| Long-Term Debt |
|
18,087 |
19,269 |
32,767 |
31,259 |
31,992 |
27,774 |
20,573 |
19,376 |
18,327 |
19,778 |
| Noncurrent Deferred & Payable Income Tax Liabilities |
|
2,386 |
2,441 |
1,819 |
5,299 |
5,157 |
5,044 |
502 |
492 |
478 |
391 |
| Noncurrent Employee Benefit Liabilities |
|
5,046 |
4,781 |
3,981 |
4,581 |
4,985 |
4,203 |
3,115 |
2,982 |
2,334 |
2,269 |
| Other Noncurrent Operating Liabilities |
|
22,141 |
2,184 |
2,077 |
8,267 |
9,046 |
9,003 |
8,708 |
2,041 |
2,115 |
2,286 |
| Total Equity & Noncontrolling Interests |
|
8,601 |
4,713 |
4,678 |
24,324 |
28,418 |
28,812 |
12,193 |
16,305 |
16,385 |
21,456 |
| Total Preferred & Common Equity |
|
3,865 |
-92 |
4,817 |
39,437 |
28,418 |
20,324 |
12,799 |
17,008 |
17,117 |
22,022 |
| Preferred Stock |
|
- |
4,078 |
3,938 |
4,206 |
4,481 |
4,456 |
4,154 |
4,398 |
4,349 |
4,704 |
| Total Common Equity |
|
3,865 |
-4,170 |
879 |
10,907 |
15,441 |
15,868 |
8,645 |
12,610 |
12,769 |
17,318 |
| Common Stock |
|
1,656 |
1,814 |
1,714 |
1,784 |
1,838 |
1,818 |
1,627 |
1,718 |
1,688 |
1,814 |
| Retained Earnings |
|
-6,652 |
-8,750 |
-3,460 |
6,003 |
9,225 |
10,724 |
5,269 |
9,225 |
9,761 |
13,728 |
| Other Equity Adjustments |
|
8,862 |
2,765 |
2,626 |
3,121 |
4,377 |
3,325 |
1,749 |
1,668 |
1,320 |
1,776 |
| Noncontrolling Interest |
|
4,736 |
4,805 |
-139 |
9,212 |
8,496 |
8,487 |
-606 |
-703 |
-732 |
-566 |
Quarterly Balance Sheets for GSK
This table presents GSK's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
Q4 2022 |
Q4 2023 |
Q4 2024 |
| Total Assets |
72,638 |
75,190 |
74,454 |
| Total Current Assets |
25,083 |
23,758 |
21,282 |
| Cash & Equivalents |
4,496 |
3,741 |
4,846 |
| Short-Term Investments |
229 |
166 |
136 |
| Accounts Receivable |
8,518 |
9,411 |
8,559 |
| Inventories, net |
6,215 |
7,103 |
7,098 |
| Current Deferred & Refundable Income Taxes |
489 |
475 |
612 |
| Plant, Property, & Equipment, net |
10,788 |
11,494 |
11,553 |
| Plant, Property & Equipment, gross |
10,788 |
11,494 |
11,553 |
| Total Noncurrent Assets |
36,767 |
39,938 |
41,619 |
| Long-Term Investments |
1,861 |
1,519 |
1,498 |
| Goodwill |
8,509 |
8,679 |
8,742 |
| Intangible Assets |
17,292 |
18,819 |
19,426 |
| Noncurrent Deferred & Refundable Income Taxes |
6,833 |
7,708 |
8,460 |
| Other Noncurrent Operating Assets |
2,272 |
3,213 |
3,492 |
| Total Liabilities & Shareholders' Equity |
72,638 |
66,701 |
65,338 |
| Total Liabilities |
60,445 |
58,885 |
58,069 |
| Total Current Liabilities |
27,548 |
26,847 |
27,167 |
| Short-Term Debt |
4,773 |
3,585 |
2,941 |
| Accounts Payable |
19,641 |
21,138 |
19,201 |
| Current Deferred & Payable Income Tax Liabilities |
569 |
- |
880 |
| Other Current Liabilities |
2,565 |
145 |
2,677 |
| Total Noncurrent Liabilities |
32,898 |
32,038 |
30,902 |
| Long-Term Debt |
20,573 |
19,376 |
18,327 |
| Noncurrent Deferred & Payable Income Tax Liabilities |
502 |
492 |
478 |
| Noncurrent Employee Benefit Liabilities |
3,115 |
2,982 |
2,334 |
| Other Noncurrent Operating Liabilities |
8,708 |
2,041 |
2,115 |
| Total Equity & Noncontrolling Interests |
12,193 |
16,305 |
16,385 |
| Total Preferred & Common Equity |
12,799 |
17,008 |
17,117 |
| Preferred Stock |
4,154 |
4,398 |
4,349 |
| Total Common Equity |
8,645 |
12,610 |
12,769 |
| Common Stock |
1,627 |
1,718 |
1,688 |
| Retained Earnings |
5,269 |
9,225 |
9,761 |
| Other Equity Adjustments |
1,749 |
1,668 |
1,320 |
| Noncontrolling Interest |
-606 |
-703 |
-732 |
Annual Metrics And Ratios for GSK
This table displays calculated financial ratios and metrics derived from GSK's official financial filings.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| DEI Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
4,315,445,026.00 |
| DEI Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
4,315,445,026.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
1.78 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Net Operating Profit after Tax (NOPAT) |
|
-19,551 |
1,756 |
3,397 |
5,888 |
7,811 |
8,060 |
5,746 |
6,793 |
7,524 |
4,273 |
9,064 |
| Return On Investment Capital (ROIC_SIMPLE) |
|
- |
- |
- |
- |
- |
- |
- |
18.10% |
19.16% |
11.35% |
20.01% |
| Earnings before Interest and Taxes (EBIT) |
|
-19,551 |
3,703 |
6,147 |
7,409 |
9,787 |
8,649 |
6,489 |
8,682 |
9,803 |
5,831 |
11,849 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-19,551 |
3,703 |
6,147 |
7,409 |
9,787 |
8,649 |
6,489 |
8,682 |
9,803 |
5,831 |
11,849 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
0.00 |
-22,071 |
-1,897 |
3,028 |
-15,209 |
11,146 |
5,338 |
33,298 |
-6,126 |
3,481 |
1,054 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
0.00 |
23,826 |
29,121 |
31,981 |
55,000 |
51,913 |
52,322 |
25,817 |
39,466 |
40,259 |
48,268 |
| Increase / (Decrease) in Invested Capital |
|
0.00 |
23,826 |
5,295 |
2,860 |
23,019 |
-3,087 |
409 |
-26,505 |
13,649 |
792 |
8,009 |
| Book Value per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.16 |
$2.03 |
$2.87 |
$2.95 |
$1.60 |
$2.92 |
$2.96 |
$4.01 |
| Tangible Book Value per Share |
|
$0.00 |
$0.00 |
$0.00 |
($5.29) |
($8.20) |
($7.39) |
($7.24) |
($3.18) |
($3.45) |
($3.57) |
($3.39) |
| Total Capital |
|
0.00 |
31,783 |
27,799 |
37,883 |
64,750 |
65,497 |
61,447 |
37,539 |
39,265 |
37,653 |
45,284 |
| Total Debt |
|
0.00 |
23,181 |
23,085 |
33,205 |
40,426 |
37,079 |
32,635 |
25,346 |
22,960 |
21,268 |
23,828 |
| Total Long-Term Debt |
|
0.00 |
18,087 |
19,269 |
25,825 |
31,259 |
31,992 |
27,774 |
20,573 |
19,376 |
18,327 |
19,778 |
| Net Debt |
|
0.00 |
15,490 |
16,328 |
26,045 |
30,780 |
23,602 |
23,622 |
18,759 |
17,534 |
14,789 |
17,583 |
| Capital Expenditures (CapEx) |
|
0.00 |
1,589 |
2,530 |
1,172 |
2,205 |
1,284 |
1,104 |
2,314 |
2,936 |
3,488 |
1,780 |
| Debt-free, Cash-free Net Working Capital (DFCFNWC) |
|
0.00 |
-2,034 |
-15,857 |
-4,883 |
-3,669 |
-6,310 |
-7,907 |
-2,418 |
-3,411 |
-7,926 |
-5,899 |
| Debt-free Net Working Capital (DFNWC) |
|
0.00 |
4,007 |
-10,587 |
292 |
3,126 |
2,491 |
-1,883 |
2,308 |
496 |
-2,944 |
-1,169 |
| Net Working Capital (NWC) |
|
0.00 |
-1,087 |
-14,403 |
-7,088 |
-6,041 |
-2,596 |
-6,745 |
-2,465 |
-3,089 |
-5,885 |
-5,219 |
| Net Nonoperating Expense (NNE) |
|
-32,347 |
445 |
467 |
733 |
830 |
-664 |
-1,133 |
-12,072 |
760 |
578 |
607 |
| Net Nonoperating Obligations (NNO) |
|
0.00 |
15,225 |
24,408 |
27,303 |
30,676 |
23,496 |
23,510 |
13,624 |
23,162 |
23,874 |
26,812 |
| Total Depreciation and Amortization (D&A) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
$0.41 |
$0.75 |
$0.95 |
$1.17 |
$0.00 |
$4.49 |
$1.22 |
$1.58 |
$1.90 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
0.00 |
5.29B |
5.30B |
5.30B |
0.00 |
4.31B |
4.31B |
4.31B |
4.32B |
| Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.41 |
$0.74 |
$0.94 |
$1.16 |
$0.00 |
$10.67 |
$1.20 |
$1.56 |
$1.87 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
0.00 |
5.29B |
5.30B |
5.30B |
0.00 |
4.31B |
4.31B |
4.31B |
4.32B |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
0.00 |
0.00 |
5.29B |
5.30B |
5.30B |
0.00 |
4.31B |
4.31B |
4.31B |
4.32B |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
-13,686 |
1,756 |
3,397 |
5,888 |
7,811 |
8,060 |
5,746 |
6,793 |
7,522 |
4,267 |
9,064 |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Quarterly Metrics And Ratios for GSK
No quarterly metrics and ratios for GSK are available.
Key Financial Trends
GSK’s balance sheet shows a mixed but generally improving financial position from 2022 through 2024. Total liabilities declined from approximately $60.4 billion in 2022 to $58.1 billion in 2024, while total equity increased from $12.2 billion to $16.4 billion. Retained earnings also rose substantially, reaching $9.8 billion in 2024 compared with $5.3 billion in 2022.
Liquidity remains a key concern. Cash and equivalents recovered to $4.8 billion in 2024 after falling to $3.7 billion in 2023, but total current assets declined to $21.3 billion from $25.1 billion in 2022. Because current liabilities remained close to $27 billion, GSK’s implied current ratio weakened from roughly 0.91 in 2022 to 0.78 in 2024.
GSK did make progress in reducing debt. Short- and long-term debt combined fell from approximately $25.3 billion in 2022 to $21.3 billion in 2024, improving the company’s cash-adjusted debt position. However, the balance sheet remains heavily weighted toward intangible assets and goodwill, which together totaled approximately $28.1 billion in 2024. Investors should also note that the reported total-assets figures do not reconcile with total liabilities and equity in the supplied 2023 and 2024 data, so the figures should be interpreted with caution.
- Debt reduction: Total short- and long-term debt declined by about $4.0 billion from 2022 to 2024, reducing financial leverage.
- Improved equity base: Total equity increased by approximately $4.2 billion over the two-year period, while retained earnings continued to grow.
- Cash recovery: Cash and equivalents rose to $4.8 billion in 2024 from $3.7 billion in 2023, providing greater liquidity than the prior year.
- Lower total liabilities: Total liabilities decreased steadily from $60.4 billion in 2022 to $58.1 billion in 2024.
- Stable working-capital balances: Inventory remained near $7.1 billion in 2024, while accounts receivable declined to $8.6 billion from $9.4 billion in 2023.
- Continued investment in operating assets: Net property, plant and equipment increased to $11.6 billion in 2024 from $10.8 billion in 2022.
- Weakening current ratio: Current liabilities exceeded current assets in each reported year, with the implied current ratio falling to approximately 0.78 in 2024.
- Heavy intangible-asset exposure: Goodwill and intangible assets totaled roughly $28.1 billion in 2024, creating potential impairment risk if the value of acquired businesses or products declines.
- Large accounts-payable balance: Accounts payable remained elevated at approximately $19.2 billion in 2024, consuming much of GSK’s current-asset base.
- Data-reconciliation risk: The supplied 2023 and 2024 total-assets figures do not match total liabilities and equity, limiting confidence in some balance-sheet ratios.
09/24/26 05:53 PM ETAI Generated. May Contain Errors.