AbbVie Inc. (ABBV) Financial Statements (2025 and earlier)

Company Profile

Business Address 1 NORTH WAUKEGAN ROAD
NORTH CHICAGO, IL 60064
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,8169,2299,8308,47939,9248,061
Cash and cash equivalent12,8149,2019,7468,44939,9247,289
Short-term investments2288430 772
Receivables11,15511,2549,9778,8225,4285,872
Inventory, net of allowances, customer advances and progress billings4,0993,5793,1283,3101,8131,605
Inventory4,0993,5793,1283,3101,8131,605
Other undisclosed current assets4,9324,4014,9933,5622,3541,407
Total current assets:33,00228,46327,92824,17349,51916,945
Noncurrent Assets
Property, plant and equipment4,9894,9355,1105,2482,9622,883
Long-term investments and receivables304241277293931,420
Long-term investments304241277293931,420
Intangible assets, net (including goodwill)87,90399,595108,330116,00034,25336,896
Goodwill32,29332,15632,37933,12415,60415,663
Intangible assets, net (excluding goodwill)55,61067,43975,95182,87618,64921,233
Other noncurrent assets8,5135,5714,8844,8512,2881,208
Total noncurrent assets:101,709110,342118,601126,39239,59642,407
TOTAL ASSETS:134,711138,805146,529150,56589,11559,352
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:30,65025,40222,69920,15911,83211,931
Interest and dividends payable2,5432,3351,7711,607
Employee-related liabilities1,7851,669830787
Accounts payable3,6882,9342,8822,2761,4521,546
Accrued liabilities11,38310,2827,2356,6913,2954,052
Other undisclosed accounts payable and accrued liabilities15,57912,1868,2547,1884,4843,939
Debt7,1914,13612,4958,5023,7535,308
Total current liabilities:37,84129,53835,19428,66115,58517,239
Noncurrent Liabilities
Long-term debt and lease obligation, including:52,19459,13564,18977,55462,97535,002
Finance lease, liability271725  
Other undisclosed long-term debt and lease obligation52,16759,11863,45177,55462,97535,002
Liabilities, other than long-term debt, including:34,27932,84531,71031,25317,59714,490
Accounts payable and accrued liabilities     3,4534,311
Deferred tax liabilities, net1,067
Deferred income tax liabilities1,9522,1903,0093,646 
Liability, pension and other postretirement and postemployment benefits     2,9491,840
Other liabilities32,32730,65528,70127,6071,2221,307
Operating lease, liability   713  
Business combination, contingent consideration, liability     7,2014,306
Other undisclosed liabilities, other than long-term debt     2,7721,659
Total noncurrent liabilities:86,47391,98095,899108,80780,57249,492
Total liabilities:124,314121,518131,093137,46896,15766,731
Equity
Equity, attributable to parent, including:10,36017,25415,40813,076(8,172)(8,446)
Treasury stock, value(6,533)(4,594)(3,143)(2,264)(24,504)(24,108)
Additional paid in capital20,18019,24518,30517,38415,19314,756
Accumulated other comprehensive loss(2,305)(2,199)(2,899)(3,117)(3,596)(2,480)
Retained earnings (accumulated deficit)(1,000)4,7843,1271,0554,7173,368
Other undisclosed equity, attributable to parent181818181818
Equity, attributable to noncontrolling interest37332821  
Total equity:10,39717,28715,43613,097(8,172)(8,446)
Other undisclosed liabilities and equity     1,1301,067
TOTAL LIABILITIES AND EQUITY:134,711138,805146,529150,56589,11559,352

Income Statement (P&L) ($ in millions)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues54,31858,05456,19745,80433,26632,753
Cost of revenue(20,415)(17,470)(17,878)(15,387)(7,439)(8,218)
Cost of product and service sold(20,415)(17,414)(17,446)(15,387)(7,439)(7,718)
Gross profit:33,90340,58438,31930,41725,82724,535
Operating expenses(21,325)(22,467)(20,395)(19,054)(13,734)(18,152)
Other operating income (expense), net179(56)(432) 890(500)
Other expenses      (500)
Other undisclosed operating income  56432  500
Operating income:12,75718,11717,92411,36312,9836,383
Nonoperating income (expense)(4,283)(2,410)(2,512)(5,511)(2,773)162
Investment income, nonoperating54018639174275204
Other nonoperating expense(4,677)(2,448)(2,500)(5,614)(3,006)(18)
Interest and debt expense (2,224)(2,230)(2,423)(2,454)(1,784)(1,348)
Income from continuing operations before equity method investments, income taxes:6,25013,47712,9893,3988,4265,197
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:6,25013,47712,9893,3988,4265,197
Income tax expense (benefit)(1,377)(1,632)(1,440)1,224(544)490
Income from continuing operations:4,87311,84511,5494,6227,8825,687
Income before gain (loss) on sale of properties:11,5494,6227,8825,687
Net income:4,87311,84511,5494,6227,8825,687
Net loss attributable to noncontrolling interest(10)(9)(7)(6)  
Net income attributable to parent:4,86311,83611,5424,6167,8825,687
Other undisclosed net loss available to common stockholders, basic(43)(54)(74)(60)(40)(30)
Net income available to common stockholders, diluted:4,82011,78211,4684,5567,8425,657

Comprehensive Income ($ in millions)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:4,87311,84511,5494,6227,8825,687
Other comprehensive income (loss)(106)700218479  
Comprehensive income:4,76712,54511,7675,1017,8825,687
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(9)(7)(6)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (1,116)247
Comprehensive income, net of tax, attributable to parent:4,75712,53611,7605,0956,7665,934

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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