$ZTS
Zoetis Inc.

2024 Q4 Form 10-Q Financial Statement

#000155528024000332 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $2.388B
YoY Change 11.02%
Cost Of Revenue $701.0M
YoY Change 9.87%
Gross Profit $1.687B
YoY Change 11.5%
Gross Profit Margin 70.64%
Selling, General & Admin $565.0M
YoY Change 7.62%
% of Gross Profit 33.49%
Research & Development $167.0M
YoY Change 9.87%
% of Gross Profit 9.9%
Depreciation & Amortization $121.0M
YoY Change -2.42%
% of Gross Profit 7.17%
Operating Expenses $732.0M
YoY Change 8.12%
Operating Profit $955.0M
YoY Change 14.23%
Interest Expense $57.00M
YoY Change -3.39%
% of Operating Profit 5.97%
Other Income/Expense, Net $16.00M
YoY Change -366.67%
Pretax Income $874.0M
YoY Change 21.9%
Income Tax $182.0M
% Of Pretax Income 20.82%
Net Earnings $682.0M
YoY Change 14.43%
Net Earnings / Revenue 28.56%
Basic Earnings Per Share $1.51
Diluted Earnings Per Share $1.50
COMMON SHARES
Basic Shares Outstanding 451.2M shares 453.1M shares
Diluted Shares Outstanding 453.5M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.710B
YoY Change -2.34%
Cash & Equivalents $1.714B
Short-Term Investments
Other Short-Term Assets $427.0M
YoY Change -8.57%
Inventory $2.416B
Prepaid Expenses
Receivables $1.411B
Other Receivables $0.00
Total Short-Term Assets $6.282B
YoY Change 0.96%
LONG-TERM ASSETS
Property, Plant & Equipment $3.298B
YoY Change 6.66%
Goodwill $2.744B
YoY Change -0.65%
Intangibles $1.186B
YoY Change -15.16%
Long-Term Investments
YoY Change
Other Assets $215.0M
YoY Change -0.46%
Total Long-Term Assets $8.075B
YoY Change 2.42%
TOTAL ASSETS
Total Short-Term Assets $6.282B
Total Long-Term Assets $8.075B
Total Assets $14.36B
YoY Change 1.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $404.0M
YoY Change 4.12%
Accrued Expenses $1.060B
YoY Change 8.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.702B
YoY Change 5.85%
LONG-TERM LIABILITIES
Long-Term Debt $6.574B
YoY Change 0.34%
Other Long-Term Liabilities $220.0M
YoY Change -15.06%
Total Long-Term Liabilities $6.794B
YoY Change -0.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.702B
Total Long-Term Liabilities $6.794B
Total Liabilities $9.123B
YoY Change 1.01%
SHAREHOLDERS EQUITY
Retained Earnings $11.81B
YoY Change 16.43%
Common Stock $5.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.889B
YoY Change 28.31%
Treasury Stock Shares
Shareholders Equity $5.234B
YoY Change
Total Liabilities & Shareholders Equity $14.36B
YoY Change 1.78%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $682.0M
YoY Change 14.43%
Depreciation, Depletion And Amortization $121.0M
YoY Change -2.42%
Cash From Operating Activities $951.0M
YoY Change 31.35%
INVESTING ACTIVITIES
Capital Expenditures $167.0M
YoY Change 15.17%
Acquisitions
YoY Change
Other Investing Activities -$11.00M
YoY Change -91.27%
Cash From Investing Activities -$178.0M
YoY Change -34.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -628.0M
YoY Change 50.96%
NET CHANGE
Cash From Operating Activities 951.0M
Cash From Investing Activities -178.0M
Cash From Financing Activities -628.0M
Net Change In Cash 145.0M
YoY Change 291.89%
FREE CASH FLOW
Cash From Operating Activities $951.0M
Capital Expenditures $167.0M
Free Cash Flow $784.0M
YoY Change 35.41%

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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;text-decoration:underline">B. Guarantees and Indemnifications</span></div>In the ordinary course of business and in connection with the sale of assets and businesses, we indemnify our counterparties against certain liabilities that may arise in connection with the transaction or related to activities prior to the transaction. These indemnifications typically pertain to environmental, tax, employee and/or product-related matters and patent-infringement claims. If the indemnified party were to make a successful claim pursuant to the terms of the indemnification, we would be required to reimburse the loss. These indemnifications are generally subject to threshold amounts, specified claim periods and other restrictions and limitations. Historically, we have not paid significant amounts under these provisions and, as of September 30, 2024, recorded amounts for the estimated fair value of these indemnifications were not material.
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us-gaap Guarantees Indemnifications And Warranties Policies
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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;text-decoration:underline">B. Guarantees and Indemnifications</span></div>In the ordinary course of business and in connection with the sale of assets and businesses, we indemnify our counterparties against certain liabilities that may arise in connection with the transaction or related to activities prior to the transaction. These indemnifications typically pertain to environmental, tax, employee and/or product-related matters and patent-infringement claims. If the indemnified party were to make a successful claim pursuant to the terms of the indemnification, we would be required to reimburse the loss. These indemnifications are generally subject to threshold amounts, specified claim periods and other restrictions and limitations. Historically, we have not paid significant amounts under these provisions and, as of September 30, 2024, recorded amounts for the estimated fair value of these indemnifications were not material.
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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;text-decoration:underline">B. Guarantees and Indemnifications</span></div>In the ordinary course of business and in connection with the sale of assets and businesses, we indemnify our counterparties against certain liabilities that may arise in connection with the transaction or related to activities prior to the transaction. These indemnifications typically pertain to environmental, tax, employee and/or product-related matters and patent-infringement claims. If the indemnified party were to make a successful claim pursuant to the terms of the indemnification, we would be required to reimburse the loss. These indemnifications are generally subject to threshold amounts, specified claim periods and other restrictions and limitations. Historically, we have not paid significant amounts under these provisions and, as of September 30, 2024, recorded amounts for the estimated fair value of these indemnifications were not material.
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us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;text-decoration:underline">B. Guarantees and Indemnifications</span></div>In the ordinary course of business and in connection with the sale of assets and businesses, we indemnify our counterparties against certain liabilities that may arise in connection with the transaction or related to activities prior to the transaction. These indemnifications typically pertain to environmental, tax, employee and/or product-related matters and patent-infringement claims. If the indemnified party were to make a successful claim pursuant to the terms of the indemnification, we would be required to reimburse the loss. These indemnifications are generally subject to threshold amounts, specified claim periods and other restrictions and limitations. Historically, we have not paid significant amounts under these provisions and, as of September 30, 2024, recorded amounts for the estimated fair value of these indemnifications were not material.
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
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us-gaap Depreciation Depletion And Amortization
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CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Depreciation Depletion And Amortization
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CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
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