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Consolidated statements of income - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated statements of income [Abstract]      
Sales € 19,535 € 19,482 € 18,121
Cost of sales 10,754 10,607 9,568
Gross margin 8,781 8,875 8,554
Selling expenses 4,606 4,682 4,500
General and administrative expenses 668 631 631
Research and development expenses 1,915 1,884 1,759
Other business income 123 155 88
Other business expenses 173 188 33
Income from operations [1] 1,542 1,644 1,719
Financial income [1] 160 117 51
Financial expenses [1] 204 233 264
Investments in associates, net of income taxes [1] (9) 1 (2)
Income before taxes 1,490 1,529 1,503
Income tax expense [1] 284 337 193
Income from continuing operations [3] 1,205 [2] 1,192 [2] 1,310
Discontinued operations, net of income taxes [1],[3],[4] (10) (19) (213)
Net income [4] 1,195 [1],[5] 1,173 [2],[5] 1,097 [1]
Net income attributable to Koninklijke Philips N.V. shareholders [3] 1,187 1,167 1,090
Net income attributable to non-controlling interests € 8 € 5 € 7
Basic earnings per common share in EUR - Income from continuing operations attributable to shareholders [6] € 1.32 € 1.29 € 1.38
Basic earnings per common share in EUR - Net income attributable to shareholders [3],[6] 1.31 1.27 1.16
Diluted earnings per common share in EUR - Income from continuing operations attributable to shareholders [6] 1.31 1.27 1.37
Diluted earnings per common share in EUR - Net income attributable to shareholders [3],[6] € 1.29 € 1.25 € 1.14
[1] Non-IFRS financial measure. For the definition and reconciliation of the most directly comparable IFRS measure, refer to Reconciliation of non-IFRS information.
[2] Non-IFRS financial measure. For the definition and reconciliation of the most directly comparable IFRS measure, refer to Reconciliation of non-IFRS information.
[3] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.
[4] For a number of reasons, principally the effects of translation differences and consolidation changes, certain items in the statements of cash flows do not correspond to the differences between the balance sheet amounts for the respective items in the accompanying notes of the consolidated financial statements.
[5] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.
[6] Per share and weighted average share calculations have been adjusted retrospectively for all periods presented to reflect the issuance of shares for the share dividend in respect of 2019. Further reference is made to Earnings per share.