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Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net revenues $ 3,786 $ 3,910 $ 7,447 $ 7,892
Cost of sales 1,992 2,037 3,913 4,141
Gross profit 1,794 1,873 3,534 3,750
Research and development expenses 228 248 453 501
Selling and marketing expenses 594 615 1,178 1,200
General and administrative expenses 313 242 609 532
Intangible assets impairments 51 195 199 274
Goodwill impairment 745 0 745 0
Other asset impairments, restructuring and other items 118 28 246 165
Legal settlements and loss contingencies 729 6 1,854 110
Other income (34) (43) (87) (48)
Operating income (loss) (949) 582 (1,662) 1,015
Financial expenses, net 211 274 468 564
Income (loss) before income taxes (1,160) 308 (2,131) 451
Income taxes (benefit) (900) 98 (899) 159
Share in (profits) losses of associated companies, net 0 (11) (21) (14)
Net income (loss) (259) 221 (1,211) 306
Net income (loss) attributable to non-controlling interests (27) 14 (24) 21
Net income (loss) attributable to Teva $ (232) $ 207 $ (1,187) $ 284
Earnings (loss) per share attributable to ordinary shareholders:        
Basic $ (0.21) $ 0.19 $ (1.07) $ 0.26
Diluted $ (0.21) $ 0.19 $ (1.07) $ 0.26
Weighted average number of shares (in millions):        
Basic 1,110 1,103 1,109 1,101
Diluted 1,110 1,109 1,109 1,108