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v3.24.0.1

Consolidated income statements - EUR (€) € in Millions, shares in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Profit (loss) [abstract] |  |  |
Net sales | € 43,070 | € 42,997 | € 37,761
Other revenues | 3,374 | 2,392 | 1,414
Cost of sales | (14,236) | (13,695) | (12,255)
Gross profit | 32,208 | 31,694 | 26,920
Research and development expenses | (6,728) | (6,706) | (5,692)
Selling and general expenses | (10,692) | (10,492) | (9,555)
Other operating income | 1,292 | 1,969 | 859
Other operating expenses | (3,516) | (2,531) | (1,805)
Amortization of intangible assets | (2,172) | (2,053) | (1,580)
Impairment of intangible assets | (896) | 454 | (192)
Fair value remeasurement of contingent consideration | (93) | 27 | (4)
Restructuring costs and similar items | (1,490) | (1,336) | (820)
Other gains and losses, and litigation | (38) | (370) | (5)
Operating income | 7,875 | 10,656 | 8,126
Financial expenses | (1,313) | (440) | (368)
Financial income | 591 | 206 | 40
Income before tax and investments accounted for using the equity method | 7,153 | 10,422 | 7,798
Income tax expense | (1,602) | (2,006) | (1,558)
Share of profit/(loss) from investments accounted for using the equity method | (115) | 68 | 39
Net income | 5,436 | 8,484 | 6,279
Net income attributable to non-controlling interests | 36 | 113 | 56
Net income attributable to equity holders of Sanofi | € 5,400 | € 8,371 | € 6,223
Average number of shares outstanding (in shares) | 1,251.7 | 1,251.9 | 1,252.5
Average number of shares after dilution (in shares) | 1,256.4 | 1,256.9 | 1,257.9
Basic earnings per share (in euros per share) | € 4.31 | € 6.69 | € 4.97
Diluted earnings per share (in euros per share) | € 4.30 | € 6.66 | € 4.95

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