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Jazz Pharmaceuticals (JAZZ) FY2024 results: revenue $4.1 billion, up 6.1% on the year

Jazz Pharmaceuticals plc (JAZZ) reported revenue of $4.1 billion for fiscal 2024, the year ended 31 December 2024, up 6.1% on the year before. Net income was $560 million, up 35.0%, and diluted earnings per share $8.65. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.

Revenue
$4.1 billion
+6.1% on the year
FY2017FY2024
Operating margin
17.6%
15.1% a year earlier
FY2017FY2024
Net income
$560 million
+35.0% on the year
FY2017FY2024
Diluted EPS
$8.65
+41.8% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue4,0693,8343,659+6.1%
Research and development884850590+4.0%
Selling, general and administrative1,3851,3431,417+3.1%
Operating income717579-65.5+23.9%
Operating margin17.6%15.1%-1.8%
Interest expensen/a32.832.8
Pre-tax income470298-373+57.9%
Income tax-91.4-120-159
Effective tax rate-19.4%-40.2%n/a
Net income560415-224+35.0%
Net margin13.8%10.8%-6.1%
Diluted EPS$8.65$6.10-$3.58+41.8%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,3961,0921,272+27.8%
Capital expenditure38.124.029.0+58.9%
Free cash flow1,3581,0681,243+27.1%
Free cash flow margin33.4%27.9%34.0%
Cash from investing-508-163-446
Cash from financing20.5-305-529
Depreciation and amortisation32.830.430.3+7.9%
Share-based compensation248227222+9.3%
Buybacks3112700.1+15.4%
Diluted shares, weighted66m72m63m-8.4%
Shares outstanding at period end61m62m63m-2.6%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity4,0943,7373,086+9.5%
Debt6,1095,7135,724+6.9%
Operating lease liabilities38.959.271.8-34.3%
Finance lease liabilities4.65.05.2-9.5%
Other liabilities1,7661,8791,948-6.0%
Total liabilities and equity12,01211,39310,835+5.4%
Goodwill1,7161,7531,693-2.1%
Intangible assets4,7565,4185,794-12.2%
Securities held for sale or to maturity2,9931,626881+84.0%
Cash and equivalents2,4131,506881+60.2%
Receivables717706651+1.6%
Inventory480597714-19.5%
Other assetsn/an/a220
Total assets12,01211,39310,835+5.4%

10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.