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Viatris (VTRS) FY2018 results: revenue $11.4 billion

Viatris Inc. (VTRS) reported revenue of $11.4 billion for fiscal 2018, the year ended 31 December 2018. Net income was $352 million, and diluted earnings per share $0.68. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.

Revenue
$11.4 billion
FY2018FY2018
Operating margin
7.9%
FY2018FY2018
Net income
$352 million
FY2018FY2018
Diluted EPS
$0.68
FY2018FY2018

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2018Last 8 years
Revenue11,434
Cost of revenue7,432
Gross profit4,002
Gross margin35.0%
Research and development704
Selling, general and administrative2,441
Operating income906
Operating margin7.9%
Interest expense542
Pre-tax income298
Income tax-54.1
Effective tax rate-18.1%
Net income352
Net margin3.1%
Diluted EPS$0.68
$ 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

$ millionFY2018Last 8 years
Operating cash flow2,342
Capital expenditure252
Free cash flow2,090
Free cash flow margin18.3%
Cash from investing-1,210
Cash from financing-1,091
Depreciation and amortisation2,110
Share-based compensation-3.3
Buybacks432
Diluted shares, weighted516m

Balance sheet

$ millionFY2018Last 8 years
Shareholders' equity12,167
Goodwill9,748
Cash and equivalents388

10-K for the year ended 31 December 2018, filed 1 March 2021: the filing.