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Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net revenues $ 4,701 $ 5,720 $ 9,766 $ 11,370
Cost of sales 2,640 2,865 5,357 5,676
Gross profit 2,061 2,855 4,409 5,694
Research and development expenses 290 469 607 901
Selling and marketing expenses 710 944 1,481 1,902
General and administrative expenses 316 363 645 729
Other asset impairments, restructuring and other items 715 419 1,422 659
Goodwill impairment 120 6,100 300 6,100
Legal settlements and loss contingencies 20 324 (1,258) 344
Other income (96) (24) (299) (96)
Operating income (loss) (14) (5,740) 1,511 (4,845)
Financial expenses, net 236 238 507 445
Income (loss) before income taxes (250) (5,978) 1,004 (5,290)
Income taxes (benefit) (76) (22) (30) 32
Share in (profits) losses of associated companies, net (8) 14 66 7
Net income (loss) (166) (5,970) 968 (5,329)
Net Income (loss) attributable to non-controlling interests 10   24 (4)
Net income (loss) attributable to Teva (176) (5,970) 944 (5,325)
Dividends on preferred shares 65 65 130 130
Net income (loss) attributable to ordinary shareholders $ (241) $ (6,035) $ 814 $ (5,455)
Earnings (loss) per share attributable to ordinary shareholders:        
Basic $ (0.24) $ (5.94) $ 0.80 $ (5.37)
Diluted $ (0.24) $ (5.94) $ 0.80 $ (5.37)
Weighted average number of shares (in millions):        
Basic 1,018 1,017 1,018 1,016
Diluted 1,018 1,017 1,020 1,016