Summary by Futu AI
Bristol-Myers Squibb has filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report details the financial statements of the Bristol-Myers Squibb Puerto Rico, Inc. Savings and Investment Program, a defined contribution retirement plan for the company's employees in Puerto Rico. The independent audit, conducted by Withum Smith + Brown, PC, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $226,709,000 at the end of 2023, up from $196,349,000 the previous year. The report also includes a statement of changes in net assets, showing a net increase of $30,360,000 during the year. The plan allows for participant-directed investments and includes employer matching contributions. The audit report, signed on June 25, 2024, confirms the plan's compliance with U.S. generally accepted accounting principles.