Smith & Nephew PLC
LSE:SN
Income Statement
Earnings Waterfall
Smith & Nephew PLC
Income Statement
Smith & Nephew PLC
| Dec-2003 | Apr-2004 | Jul-2004 | Oct-2004 | Dec-2004 | Apr-2005 | Jul-2005 | Oct-2005 | Dec-2005 | Apr-2006 | Jul-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Apr-2010 | Jul-2010 | Oct-2010 | Dec-2010 | Apr-2011 | Jul-2011 | Oct-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jul-2021 | Dec-2021 | Jul-2022 | Dec-2022 | Jul-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
33
|
0
|
0
|
0
|
27
|
0
|
0
|
0
|
24
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
40
|
0
|
0
|
0
|
71
|
0
|
0
|
0
|
40
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
12
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
33
|
29
|
49
|
60
|
54
|
51
|
57
|
80
|
77
|
73
|
75
|
107
|
102
|
140
|
134
|
144
|
|
| Revenue |
1 926
N/A
|
2 039
+6%
|
2 109
+3%
|
2 202
+4%
|
2 287
+4%
|
2 358
+3%
|
2 453
+4%
|
2 504
+2%
|
2 557
+2%
|
2 575
+1%
|
2 610
+1%
|
2 681
+3%
|
2 779
+4%
|
2 880
+4%
|
3 007
+4%
|
3 173
+6%
|
3 369
+6%
|
3 536
+5%
|
3 723
+5%
|
3 808
+2%
|
3 801
0%
|
3 755
-1%
|
3 681
-2%
|
3 666
0%
|
3 772
+3%
|
3 902
+3%
|
3 935
+1%
|
3 961
+1%
|
3 962
+0%
|
4 022
+2%
|
4 140
+3%
|
4 231
+2%
|
4 270
+1%
|
4 294
+1%
|
4 246
-1%
|
4 166
-2%
|
4 137
-1%
|
4 133
0%
|
4 178
+1%
|
4 253
+2%
|
4 351
+2%
|
4 349
0%
|
4 422
+2%
|
4 543
+3%
|
4 617
+2%
|
2 440
-47%
|
4 904
+101%
|
4 949
+1%
|
5 138
+4%
|
4 688
-9%
|
4 560
-3%
|
5 124
+12%
|
5 212
+2%
|
5 213
+0%
|
5 215
+0%
|
5 349
+3%
|
5 549
+4%
|
5 642
+2%
|
5 810
+3%
|
5 944
+2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(564)
|
(583)
|
(588)
|
(596)
|
(613)
|
(617)
|
(637)
|
(649)
|
(656)
|
(675)
|
(694)
|
(720)
|
(769)
|
(787)
|
(836)
|
(922)
|
(994)
|
(1 057)
|
(1 105)
|
(1 108)
|
(1 077)
|
(1 053)
|
(1 019)
|
(991)
|
(1 030)
|
(1 054)
|
(1 048)
|
(1 047)
|
(1 031)
|
(1 051)
|
(1 093)
|
(1 129)
|
(1 140)
|
(1 135)
|
(1 113)
|
(1 076)
|
(1 070)
|
(1 066)
|
(1 073)
|
(1 084)
|
(1 083)
|
(1 086)
|
(1 086)
|
(1 118)
|
(1 127)
|
(653)
|
(1 294)
|
(1 293)
|
(1 326)
|
(1 336)
|
(1 375)
|
(1 556)
|
(1 507)
|
(1 510)
|
(1 514)
|
(1 603)
|
(1 654)
|
(1 747)
|
(1 731)
|
(1 781)
|
|
| Gross Profit |
1 362
N/A
|
1 456
+7%
|
1 521
+4%
|
1 606
+6%
|
1 674
+4%
|
1 741
+4%
|
1 816
+4%
|
1 855
+2%
|
1 901
+3%
|
1 899
0%
|
1 916
+1%
|
1 961
+2%
|
2 010
+3%
|
2 093
+4%
|
2 171
+4%
|
2 251
+4%
|
2 375
+6%
|
2 479
+4%
|
2 618
+6%
|
2 700
+3%
|
2 724
+1%
|
2 702
-1%
|
2 662
-1%
|
2 675
+0%
|
2 742
+3%
|
2 848
+4%
|
2 887
+1%
|
2 914
+1%
|
2 931
+1%
|
2 971
+1%
|
3 047
+3%
|
3 102
+2%
|
3 130
+1%
|
3 159
+1%
|
3 133
-1%
|
3 090
-1%
|
3 067
-1%
|
3 067
N/A
|
3 105
+1%
|
3 169
+2%
|
3 268
+3%
|
3 263
0%
|
3 336
+2%
|
3 425
+3%
|
3 490
+2%
|
1 787
-49%
|
3 610
+102%
|
3 656
+1%
|
3 812
+4%
|
3 352
-12%
|
3 185
-5%
|
3 568
+12%
|
3 705
+4%
|
3 703
0%
|
3 701
0%
|
3 746
+1%
|
3 895
+4%
|
3 895
N/A
|
4 079
+5%
|
4 163
+2%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1 032)
|
(1 120)
|
(1 166)
|
(1 188)
|
(1 251)
|
(1 423)
|
(1 475)
|
(1 355)
|
(1 385)
|
(1 383)
|
(1 397)
|
(1 428)
|
(1 473)
|
(1 514)
|
(1 559)
|
(1 609)
|
(1 810)
|
(1 836)
|
(1 947)
|
(2 026)
|
(2 026)
|
(2 055)
|
(2 000)
|
(1 962)
|
(1 946)
|
(2 044)
|
(2 065)
|
(2 072)
|
(1 996)
|
(2 060)
|
(2 117)
|
(2 187)
|
(2 268)
|
(2 292)
|
(2 282)
|
(2 243)
|
(2 221)
|
(2 237)
|
(2 275)
|
(2 326)
|
(2 369)
|
(2 413)
|
(2 471)
|
(2 553)
|
(2 525)
|
(1 337)
|
(2 600)
|
(2 638)
|
(2 786)
|
(2 744)
|
(2 673)
|
(2 822)
|
(2 985)
|
(2 976)
|
(3 067)
|
(3 150)
|
(3 190)
|
(3 199)
|
(3 189)
|
(3 272)
|
|
| Selling, General & Administrative |
(924)
|
(951)
|
(998)
|
(1 053)
|
(1 119)
|
(1 140)
|
(1 193)
|
(1 225)
|
(1 252)
|
(1 253)
|
(1 267)
|
(1 294)
|
(1 344)
|
(1 375)
|
(1 416)
|
(1 453)
|
(1 552)
|
(1 668)
|
(1 770)
|
(1 839)
|
(1 792)
|
(1 826)
|
(1 798)
|
(1 803)
|
(1 754)
|
(1 887)
|
(1 904)
|
(1 913)
|
(1 777)
|
(1 904)
|
(1 957)
|
(2 022)
|
(2 101)
|
(2 122)
|
(2 113)
|
(2 077)
|
(2 050)
|
(2 036)
|
(2 036)
|
(2 046)
|
(1 986)
|
(2 110)
|
(2 154)
|
(2 221)
|
(2 099)
|
(1 164)
|
(2 187)
|
(2 252)
|
(2 314)
|
(2 260)
|
(2 160)
|
(2 254)
|
(2 438)
|
(2 362)
|
(2 555)
|
(2 647)
|
(2 646)
|
(2 697)
|
(2 671)
|
(2 803)
|
|
| Research & Development |
(109)
|
(113)
|
(117)
|
(121)
|
(122)
|
(122)
|
(122)
|
(118)
|
(122)
|
(120)
|
(121)
|
(123)
|
(120)
|
(123)
|
(125)
|
(131)
|
(142)
|
(143)
|
(149)
|
(157)
|
(152)
|
(152)
|
(149)
|
(145)
|
(155)
|
(157)
|
(161)
|
(159)
|
(151)
|
(156)
|
(160)
|
(165)
|
(167)
|
(170)
|
(169)
|
(166)
|
(171)
|
(180)
|
(196)
|
(215)
|
(231)
|
(235)
|
(241)
|
(239)
|
(235)
|
(116)
|
(237)
|
(269)
|
(268)
|
(301)
|
(279)
|
(330)
|
(310)
|
(359)
|
(300)
|
(337)
|
(299)
|
(310)
|
(288)
|
(295)
|
|
| Depreciation & Amortization |
(30)
|
(23)
|
(18)
|
(13)
|
(38)
|
(11)
|
(12)
|
(12)
|
(11)
|
(10)
|
(9)
|
(10)
|
(14)
|
(16)
|
(18)
|
(25)
|
(30)
|
(25)
|
(28)
|
(30)
|
(55)
|
0
|
0
|
0
|
(60)
|
0
|
0
|
0
|
(68)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(21)
|
(43)
|
(65)
|
(152)
|
(68)
|
(76)
|
(93)
|
(191)
|
(57)
|
(176)
|
(117)
|
(204)
|
(183)
|
(234)
|
(238)
|
(237)
|
(255)
|
(212)
|
(166)
|
(245)
|
(192)
|
(230)
|
(174)
|
|
| Other Operating Expenses |
32
|
(33)
|
(33)
|
0
|
28
|
(149)
|
(149)
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
(86)
|
0
|
0
|
0
|
(27)
|
(77)
|
(53)
|
(14)
|
23
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
330
N/A
|
336
+2%
|
355
+6%
|
418
+18%
|
423
+1%
|
319
-25%
|
341
+7%
|
499
+47%
|
516
+3%
|
517
+0%
|
519
+1%
|
533
+3%
|
537
+1%
|
579
+8%
|
612
+6%
|
642
+5%
|
565
-12%
|
643
+14%
|
671
+4%
|
674
+0%
|
698
+4%
|
647
-7%
|
662
+2%
|
713
+8%
|
796
+12%
|
804
+1%
|
822
+2%
|
842
+2%
|
935
+11%
|
911
-3%
|
930
+2%
|
915
-2%
|
862
-6%
|
867
+1%
|
851
-2%
|
847
0%
|
846
0%
|
830
-2%
|
830
N/A
|
843
+2%
|
899
+7%
|
850
-5%
|
865
+2%
|
872
+1%
|
965
+11%
|
450
-53%
|
1 010
+124%
|
1 018
+1%
|
1 026
+1%
|
608
-41%
|
512
-16%
|
746
+46%
|
720
-3%
|
727
+1%
|
634
-13%
|
596
-6%
|
705
+18%
|
696
-1%
|
890
+28%
|
891
+0%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
35
|
36
|
38
|
35
|
49
|
9
|
9
|
13
|
4
|
(3)
|
(9)
|
(19)
|
16
|
9
|
3
|
(12)
|
(24)
|
(48)
|
(61)
|
(64)
|
0
|
(59)
|
(53)
|
(46)
|
8
|
(32)
|
(25)
|
(19)
|
39
|
(13)
|
(12)
|
(11)
|
52
|
(8)
|
(7)
|
2
|
66
|
7
|
10
|
4
|
3
|
0
|
(4)
|
(8)
|
(22)
|
(23)
|
(52)
|
(67)
|
(43)
|
(39)
|
(37)
|
(25)
|
(65)
|
(91)
|
(207)
|
(238)
|
(128)
|
(127)
|
(131)
|
(123)
|
|
| Non-Reccuring Items |
(41)
|
0
|
0
|
(2)
|
(147)
|
0
|
0
|
(192)
|
(85)
|
(83)
|
(83)
|
(41)
|
0
|
(37)
|
(52)
|
(142)
|
(72)
|
(135)
|
(137)
|
(73)
|
(68)
|
0
|
0
|
0
|
(73)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(35)
|
(55)
|
(89)
|
(19)
|
(90)
|
(119)
|
(216)
|
(78)
|
(147)
|
(108)
|
(211)
|
(217)
|
(217)
|
(207)
|
(60)
|
(56)
|
(192)
|
(113)
|
(286)
|
(218)
|
(233)
|
(133)
|
|
| Gain/Loss on Disposition of Assets |
52
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
251
|
251
|
251
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
50
|
49
|
(2)
|
0
|
(4)
|
(2)
|
(4)
|
2
|
1
|
2
|
5
|
(3)
|
7
|
7
|
5
|
0
|
4
|
1
|
2
|
(66)
|
(4)
|
(6)
|
(10)
|
(61)
|
(20)
|
(19)
|
(17)
|
(64)
|
(15)
|
(15)
|
(14)
|
(66)
|
(17)
|
(16)
|
(16)
|
(63)
|
243
|
(9)
|
(11)
|
(11)
|
(12)
|
(12)
|
(11)
|
(13)
|
(8)
|
(30)
|
(20)
|
(29)
|
(26)
|
(12)
|
(11)
|
(9)
|
(13)
|
0
|
(3)
|
(1)
|
(19)
|
(28)
|
(28)
|
|
| Pre-Tax Income |
376
N/A
|
422
+12%
|
442
+5%
|
449
+1%
|
326
-27%
|
324
-1%
|
348
+8%
|
317
-9%
|
436
+38%
|
432
-1%
|
429
-1%
|
479
+12%
|
550
+15%
|
558
+1%
|
570
+2%
|
493
-14%
|
469
-5%
|
464
-1%
|
474
+2%
|
539
+14%
|
564
+5%
|
584
+4%
|
603
+3%
|
657
+9%
|
670
+2%
|
752
+12%
|
778
+3%
|
806
+4%
|
895
+11%
|
883
-1%
|
903
+2%
|
890
-1%
|
848
-5%
|
842
-1%
|
1 079
+28%
|
1 084
+0%
|
1 100
+1%
|
1 067
-3%
|
796
-25%
|
781
-2%
|
802
+3%
|
819
+2%
|
759
-7%
|
734
-3%
|
714
-3%
|
341
-52%
|
781
+129%
|
823
+5%
|
743
-10%
|
326
-56%
|
246
-25%
|
503
+104%
|
586
+17%
|
567
-3%
|
235
-59%
|
242
+3%
|
290
+20%
|
332
+14%
|
498
+50%
|
607
+22%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(134)
|
(143)
|
(145)
|
(127)
|
(97)
|
(89)
|
(98)
|
(86)
|
(127)
|
(128)
|
(128)
|
(148)
|
(156)
|
(158)
|
(163)
|
(150)
|
(153)
|
(156)
|
(166)
|
(185)
|
(187)
|
(192)
|
(196)
|
(196)
|
(198)
|
(225)
|
(232)
|
(251)
|
(280)
|
(277)
|
(281)
|
(272)
|
(266)
|
(266)
|
(364)
|
(368)
|
(371)
|
(360)
|
(252)
|
(249)
|
(246)
|
(256)
|
(236)
|
(231)
|
(213)
|
(67)
|
(118)
|
(125)
|
(143)
|
65
|
202
|
50
|
(62)
|
(71)
|
(12)
|
(24)
|
(27)
|
(27)
|
(86)
|
(116)
|
|
| Income from Continuing Operations |
242
|
279
|
297
|
322
|
229
|
234
|
250
|
231
|
309
|
304
|
301
|
331
|
394
|
400
|
407
|
343
|
316
|
308
|
308
|
354
|
377
|
392
|
407
|
461
|
472
|
527
|
546
|
555
|
615
|
606
|
622
|
618
|
582
|
576
|
715
|
716
|
729
|
707
|
544
|
532
|
556
|
563
|
523
|
503
|
501
|
274
|
663
|
698
|
600
|
391
|
448
|
553
|
524
|
496
|
223
|
218
|
263
|
305
|
412
|
491
|
|
| Net Income (Common) |
242
N/A
|
279
+15%
|
297
+6%
|
322
+9%
|
229
-29%
|
264
+15%
|
280
+6%
|
261
-7%
|
340
+30%
|
665
+96%
|
663
0%
|
693
+5%
|
745
+7%
|
419
-44%
|
426
+2%
|
362
-15%
|
316
-13%
|
308
-3%
|
308
N/A
|
354
+15%
|
377
+6%
|
392
+4%
|
407
+4%
|
461
+13%
|
472
+2%
|
527
+12%
|
546
+4%
|
555
+2%
|
615
+11%
|
606
-1%
|
622
+3%
|
618
-1%
|
582
-6%
|
576
-1%
|
715
+24%
|
716
+0%
|
729
+2%
|
707
-3%
|
544
-23%
|
532
-2%
|
556
+5%
|
563
+1%
|
523
-7%
|
503
-4%
|
501
0%
|
274
-45%
|
663
+142%
|
698
+5%
|
600
-14%
|
391
-35%
|
448
+15%
|
553
+23%
|
524
-5%
|
496
-5%
|
223
-55%
|
218
-2%
|
263
+21%
|
305
+16%
|
412
+35%
|
491
+19%
|
|
| EPS (Diluted) |
0.26
N/A
|
0.29
+12%
|
0.31
+7%
|
0.34
+10%
|
0.24
-29%
|
0.28
+17%
|
0.29
+4%
|
0.27
-7%
|
0.36
+33%
|
0.7
+94%
|
0.7
N/A
|
0.73
+4%
|
0.78
+7%
|
0.43
-45%
|
0.44
+2%
|
0.37
-16%
|
0.34
-8%
|
0.34
N/A
|
0.34
N/A
|
0.39
+15%
|
0.42
+8%
|
0.43
+2%
|
0.45
+5%
|
0.51
+13%
|
0.53
+4%
|
0.59
+11%
|
0.61
+3%
|
0.62
+2%
|
0.69
+11%
|
0.67
-3%
|
0.69
+3%
|
0.69
N/A
|
0.65
-6%
|
0.64
-2%
|
0.79
+23%
|
0.79
N/A
|
0.81
+3%
|
0.78
-4%
|
0.6
-23%
|
0.58
-3%
|
0.61
+5%
|
0.62
+2%
|
0.58
-6%
|
0.56
-3%
|
0.56
N/A
|
0.31
-45%
|
0.76
+145%
|
0.8
+5%
|
0.68
-15%
|
0.45
-34%
|
0.51
+13%
|
0.63
+24%
|
0.6
-5%
|
0.57
-5%
|
0.26
-54%
|
0.25
-4%
|
0.3
+20%
|
0.35
+17%
|
0.47
+34%
|
0.56
+19%
|
|