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Bristol-Myers Squibb BMY Impairment Charges

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Other financials

Income statement

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Revenue$13.0B+5.7%
Gross profit$9.2B+3.9%
Net income$3.3B+153%
EPS (diluted)$1.62+153%

Balance sheet

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Cash & equivalents$8.7B-30.8%
Total debt$43.3B-12.3%
Total equity$22.3B+28.0%
Total assets$87.6B-7.4%

Cash flow

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Operating cash flow$3.4B-13.4%
CapEx$305.0M-15.5%
Free cash flow$3.1B-13.2%

Valuation

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Market cap$133.41B+44.7%
Enterprise value$168.01B+30.3%
P/E14.4×-4.1×
P/S2.7×+0.8×

Profitability

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Gross margin70.2%-0.1pp
Net margin18.9%+8.4pp
FCF margin23.3%-7.3pp

Returns & leverage

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Return on equity46.7%+17.8pp
Debt / equity1.9×-0.9×
Current ratio1.5×+0.3×

Where this comes from

Reported directly by Bristol-Myers Squibb in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf.

The source filing: Bristol-Myers Squibb’s 10-Q, filed October 30, 2025.

Filed
Oct 30, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0000014272-25-000149
Line itemNine Months Ended September 30, 2025Nine Months Ended September 30, 2024
Depreciation and amortization, net3,0347,720
Deferred income taxes(573)(1,298)
Stock-based compensation420387
Impairment charges5141,010
Divestiture gains and royalties(880)(838)
Acquired IPRD2,32813,343
Equity investment (gains)/losses, net(90)(221)
Contingent consideration fair value adjustments336

Item 1. FINANCIAL STATEMENTS

FAQ

What is Bristol-Myers Squibb's impairment charges?
Bristol-Myers Squibb (BMY) reported impairment charges of $196M in Q3 2025.
How has Bristol-Myers Squibb's impairment charges changed year-over-year?
Bristol-Myers Squibb's impairment charges increased by 41.0% year-over-year, from $139M to $196M.
What is the long-term trend for Bristol-Myers Squibb's impairment charges?
Over 3 years (2021 to 2024), Bristol-Myers Squibb's impairment charges has grown at a 34.9% compound annual growth rate (CAGR), from $1.21B to $2.96B.
What does impairment charges mean?
Non-cash asset impairment charges added back in the operating cash flow reconciliation since they don't represent cash outflows.

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