What is Pfizer's restructuring charges?

Pfizer (PFE) reported restructuring charges of $10M in Q1 2024.

How has Pfizer's restructuring charges changed year-over-year?

Pfizer's restructuring charges increased by 122.7% year-over-year, from -$44M to $10M.

What does restructuring charges mean?

One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.

Pfizer PFE Restructuring Charges

Discontinued — last reported Q1 '24

Restructuring Charges at other companies

Johnson & JohnsonJNJ

$32M+88.2%

Merck & Co.MRK

$195M+183%

OrganonOGN

$31M-64.0%

Segments

By segment

See full

Biopharma$47M-92.4%

Other financials

Income statement

See full

Revenue$14.5B+5.4%

Gross profit$10.9B+0.3%

Net income$2.7B-9.4%

EPS (diluted)$0.47-9.6%

Balance sheet

See full

Cash & equivalents$1.8B+18.8%

Total debt$64.4B+4.9%

Total equity$90.1B-0.3%

Total assets$207.62B-0.2%

Cash flow

See full

Operating cash flow$2.6B+12.0%

CapEx$436.0M-22.7%

Free cash flow$2.2B+23.0%

Valuation

See full

Market cap$143.68B+11.1%

Enterprise value$206.35B+9.2%

P/E11.9×—

P/S2.3×+0.2×

Profitability

See full

Gross margin73.5%+1.2pp

Net margin15.7%—

FCF margin18%+8.8pp

Returns & leverage

See full

Return on equity10.6%—

Debt / equity0.7×0.0×

Current ratio1.2×0.0×

Where this comes from

Reported directly by Pfizer in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: Pfizer’s 10-Q, filed May 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pfizer's restructuring charges?: Pfizer (PFE) reported restructuring charges of $10M in Q1 2024.
How has Pfizer's restructuring charges changed year-over-year?: Pfizer's restructuring charges increased by 122.7% year-over-year, from -$44M to $10M.
What does restructuring charges mean?: One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.