Homework Answers
| Celgene Corp., consolidated income statement (Single Step Method) for the year ending 30.12.2018 | |
| Revenues: | |
| Sales Revenue | 15,265,000 |
| Interest and investment income, net | 45,000 |
| Other income (expense), net | 353,000 |
| TOTAL REVENUE (A) | 15,663,000 |
| Expenses: | |
| Cost of goods sold | 587,000 |
| Research Development | 5,673,000 |
| Selling General and Administrative | 3,250,000 |
| Amortization of acquired intangible assets | 468,000 |
| Acquisition related gains (charges) and restructuring, net | 112,000 |
| Interest Expense | 741,000 |
| Taxation | 786,000 |
| TOTAL EXPENSE (B) | 11,617,000 |
| NET INCOME (A-B) | 4,046,000 |
Source of finance: Stock Analyis.
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