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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1611 |
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Pfizer's 2004 financial report include the following highlights:
? Total revenues increased 17% to $52.5 billion in 2004 and39% to $44.7 billion in 2003, primarily due to the acquisition of Pharmacia Corporation (Pharmacia) on April 16, 2003, the impact of foreign exchange and strong product performance
? Net income increased to $11...
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2003 results reflect certain one-time charges associated with the acquisition of Pharmacia
? Cost synergies from the Pharmacia acquisition of $3.6 billion in 2004, up from an annual rate of $1.3 billion in 2003
Revenue and net income are two other significant economic indicators. Revenue is "total dollar payment for goods and services that are credited to an income statement over a particular time period...
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