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10-Q Filing

GILEAD SCIENCES, INC. CIK: 882095 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000882095-18-000015
Period End Date 20180331
Filing Date 20180509
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance gild-20180331.xml
Filing Contents
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Allowance for accounts receivable and chargebacks AllowanceforAccountsReceivableandChargebacks $554.00M USD Point-in-time
Allowance for accounts receivable and chargebacks AllowanceforAccountsReceivableandChargebacks $455.00M USD Point-in-time
Preferred Stock, Par Value (usd per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred Stock, Par Value (usd per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred Stock, Authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred Stock, Authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $7.64B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $7.59B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $8.23B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.29B USD Point-in-time
Short-term marketable securities MarketableSecuritiesCurrent $17.92B USD Point-in-time
Short-term marketable securities MarketableSecuritiesCurrent $16.36B USD Point-in-time
Preferred Stock Outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred Stock Outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common Stock Par Value (usd per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Accounts receivable, net of allowances of $554 at March 31, 2018 and $455 at December 31, 2017 AccountsReceivableNetCurrent $3.77B USD Point-in-time
Common Stock Par Value (usd per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Accounts receivable, net of allowances of $554 at March 31, 2018 and $455 at December 31, 2017 AccountsReceivableNetCurrent $3.85B USD Point-in-time
Common Stock Authorized (in shares) CommonStockSharesAuthorized 5.60B shares Point-in-time
Inventories InventoryNet $801.00M USD Point-in-time
Common Stock Authorized (in shares) CommonStockSharesAuthorized 5.60B shares Point-in-time
Inventories InventoryNet $885.00M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.66B USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.60B USD Point-in-time
Common Stock Issued (in shares) CommonStockSharesIssued 1.31B shares Point-in-time
Common Stock Issued (in shares) CommonStockSharesIssued 1.30B shares Point-in-time
Total current assets AssetsCurrent $31.82B USD Point-in-time
Total current assets AssetsCurrent $30.26B USD Point-in-time
Common Stock Outstanding (in shares) CommonStockSharesOutstanding 1.31B shares Point-in-time
Common Stock Outstanding (in shares) CommonStockSharesOutstanding 1.30B shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.42B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.29B USD Point-in-time
Long-term marketable securities MarketableSecuritiesNoncurrent $11.18B USD Point-in-time
Long-term marketable securities MarketableSecuritiesNoncurrent $8.10B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $17.10B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $16.80B USD Point-in-time
Goodwill Goodwill $4.16B USD Point-in-time
Goodwill Goodwill $4.16B USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $2.64B USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $2.72B USD Point-in-time
Total assets Assets $70.28B USD Point-in-time
Total assets Assets $65.38B USD Point-in-time
Accounts payable AccountsPayableCurrent $711.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $814.00M USD Point-in-time
Accrued government and other rebates Accruedgovernmentandotherrebates $5.05B USD Point-in-time
Accrued government and other rebates Accruedgovernmentandotherrebates $4.70B USD Point-in-time
Other accrued liabilities AccruedLiabilitiesCurrent $2.41B USD Point-in-time
Other accrued liabilities AccruedLiabilitiesCurrent $3.37B USD Point-in-time
Current portion of long-term debt and other obligations, net DebtCurrent $2.50B USD Point-in-time
Current portion of long-term debt and other obligations, net DebtCurrent $2.75B USD Point-in-time
Total current liabilities LiabilitiesCurrent $10.67B USD Point-in-time
Total current liabilities LiabilitiesCurrent $11.63B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $30.80B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $26.56B USD Point-in-time
Long-term income taxes payable AccruedIncomeTaxesNoncurrent $6.83B USD Point-in-time
Long-term income taxes payable AccruedIncomeTaxesNoncurrent $6.79B USD Point-in-time
Other long-term obligations OtherLiabilitiesNoncurrent $671.00M USD Point-in-time
Other long-term obligations OtherLiabilitiesNoncurrent $558.00M USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, par value $0.001 per share; 5 shares authorized; none outstanding PreferredStockValue - USD Point-in-time
Preferred stock, par value $0.001 per share; 5 shares authorized; none outstanding PreferredStockValue - USD Point-in-time
Common stock, par value $0.001 per share; shares authorized of 5,600 at March 31, 2018 and December 31, 2017; shares issued and outstanding of 1,300 at March 31, 2018 and 1,308 at December 31, 2017 CommonStockValue $1.00M USD Point-in-time
Common stock, par value $0.001 per share; shares authorized of 5,600 at March 31, 2018 and December 31, 2017; shares issued and outstanding of 1,300 at March 31, 2018 and 1,308 at December 31, 2017 CommonStockValue $1.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.26B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.56B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $165.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-170.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $19.01B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $19.20B USD Point-in-time
Total Gilead stockholders equity StockholdersEquity $20.59B USD Point-in-time
Total Gilead stockholders equity StockholdersEquity $20.44B USD Point-in-time
Noncontrolling interest MinorityInterest $59.00M USD Point-in-time
Noncontrolling interest MinorityInterest $60.00M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.50B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.65B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $65.38B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $70.28B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Product sales SalesRevenueGoodsNet $6.38B USD 1 Quarter
Product sales SalesRevenueGoodsNet $5.00B USD 1 Quarter
Royalty, contract and other revenues OtherSalesRevenueNet $87.00M USD 1 Quarter
Royalty, contract and other revenues OtherSalesRevenueNet $128.00M USD 1 Quarter
Total revenues SalesRevenueNet $6.50B USD 1 Quarter
Total revenues SalesRevenueNet $5.09B USD 1 Quarter
Cost of goods sold CostOfGoodsSold $1.00B USD 1 Quarter
Cost of goods sold CostOfGoodsSold $957.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $931.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $937.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $997.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $850.00M USD 1 Quarter
Total costs and expenses CostsAndExpenses $2.94B USD 1 Quarter
Total costs and expenses CostsAndExpenses $2.74B USD 1 Quarter
Income from operations OperatingIncomeLoss $2.15B USD 1 Quarter
Income from operations OperatingIncomeLoss $3.77B USD 1 Quarter
Interest expense InterestExpense $290.00M USD 1 Quarter
Interest expense InterestExpense $261.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $170.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $111.00M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.03B USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $3.62B USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $494.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $918.00M USD 1 Quarter
Net income ProfitLoss $1.54B USD 1 Quarter
Net income ProfitLoss $2.70B USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-3.00M USD 1 Quarter
Net income attributable to Gilead NetIncomeLoss $2.70B USD 1 Quarter
Net income attributable to Gilead NetIncomeLoss $1.54B USD 1 Quarter
Net income per share attributable to Gilead common stockholders - basic (usd per share) EarningsPerShareBasic $2.07 USD 1 Quarter
Net income per share attributable to Gilead common stockholders - basic (usd per share) EarningsPerShareBasic $1.18 USD 1 Quarter
Shares used in per share calculation - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.31B shares 1 Quarter
Shares used in per share calculation - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.31B shares 1 Quarter
Net income per share attributable to Gilead common stockholders - diluted (usd per share) EarningsPerShareDiluted $2.05 USD 1 Quarter
Net income per share attributable to Gilead common stockholders - diluted (usd per share) EarningsPerShareDiluted $1.17 USD 1 Quarter
Shares used in per share calculation - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.32B shares 1 Quarter
Shares used in per share calculation - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.32B shares 1 Quarter
Cash dividends declared (usd per share) CommonStockDividendsPerShareDeclared $0.57 USD 1 Quarter
Cash dividends declared (usd per share) CommonStockDividendsPerShareDeclared $0.52 USD 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.54B USD 1 Quarter
Net income ProfitLoss $2.70B USD 1 Quarter
Depreciation expense Depreciation $49.00M USD 1 Quarter
Depreciation expense Depreciation $56.00M USD 1 Quarter
Amortization expense AdjustmentForAmortization $301.00M USD 1 Quarter
Amortization expense AdjustmentForAmortization $245.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $220.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $89.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $35.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $58.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $-49.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $-39.00M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-101.00M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-537.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $5.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $14.00M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-177.00M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-529.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-92.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-262.00M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-24.00M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-618.00M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-677.00M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $164.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.27B USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.92B USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireAvailableForSaleSecurities $3.48B USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireAvailableForSaleSecurities $397.00M USD 1 Quarter
Proceeds from sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $3.17B USD 1 Quarter
Proceeds from sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $221.00M USD 1 Quarter
Proceeds from maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $734.00M USD 1 Quarter
Proceeds from maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $4.76B USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $118.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $212.00M USD 1 Quarter
Other PaymentsToAcquireAvailableForSaleSecuritiesEquity - USD 1 Quarter
Other PaymentsToAcquireAvailableForSaleSecuritiesEquity $20.00M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $307.00M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $4.35B USD 1 Quarter
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $96.00M USD 1 Quarter
Proceeds from issuances of common stock ProceedsFromIssuanceOfCommonStock $111.00M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $565.00M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $1.04B USD 1 Quarter
Repayments of debt and other obligations RepaymentsOfDebt $30.00M USD 1 Quarter
Repayments of debt and other obligations RepaymentsOfDebt $4.50B USD 1 Quarter
Payments of dividends PaymentsOfDividends $753.00M USD 1 Quarter
Payments of dividends PaymentsOfDividends $687.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-58.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-414.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.24B USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-6.59B USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $68.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $26.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $55.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $2.06B USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $7.64B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $7.59B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $8.23B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $10.29B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $7.64B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $7.59B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $8.23B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $10.29B USD Point-in-time
Comprehensive Income 32 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.54B USD 1 Quarter
Net income ProfitLoss $2.70B USD 1 Quarter
Tax impact on net unrealized gains (losses) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax - USD 1 Quarter
Tax impact on net unrealized gains (losses) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $2.00M USD 1 Quarter
Tax impact of reclassifications to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax - USD 1 Quarter
Tax impact of reclassifications to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax - USD 1 Quarter
Net foreign currency translation gain (loss), net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $7.00M USD 1 Quarter
Net foreign currency translation gain (loss), net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-76.00M USD 1 Quarter
Net unrealized gain (loss), net of tax impact of $0 and $2, respectively OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $184.00M USD 1 Quarter
Net unrealized gain (loss), net of tax impact of $0 and $2, respectively OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-36.00M USD 1 Quarter
Tax impact on net unrealized gains OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-7.00M USD 1 Quarter
Tax impact on net unrealized gains OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax - USD 1 Quarter
Tax impact of reclassifications to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $1.00M USD 1 Quarter
Reclassifications to net income, net of tax impact of $0 and $0, respectively OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-3.00M USD 1 Quarter
Reclassifications to net income, net of tax impact of $0 and $0, respectively OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
Tax impact of reclassifications to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax - USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-36.00M USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $187.00M USD 1 Quarter
Net unrealized loss, net of tax impact of $0 and $(7), respectively OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-87.00M USD 1 Quarter
Net unrealized loss, net of tax impact of $0 and $(7), respectively OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-61.00M USD 1 Quarter
Reclassifications to net income, net of tax impact of $0 and $(1), respectively OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-48.00M USD 1 Quarter
Reclassifications to net income, net of tax impact of $0 and $(1), respectively OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $42.00M USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-129.00M USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-13.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-42.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-18.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.50B USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.68B USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-3.00M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Comprehensive income attributable to Gilead ComprehensiveIncomeNetOfTax $2.68B USD 1 Quarter
Comprehensive income attributable to Gilead ComprehensiveIncomeNetOfTax $1.50B USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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