AbbVie Inc. (ABBV) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,4797,9506,04041,14239,92410,6485,416
Cash and cash equivalents8,4497,8906,01741,14239,92410,6485,172
Short-term investments306023   244
Receivables8,8228,4168,3546,3625,4285,5295,482
Inventory, net of allowances, customer advances and progress billings3,3103,4744,0591,8441,8131,9291,895
Inventory3,3103,4744,0591,8441,8131,9291,895
Other undisclosed current assets3,5623,1692,8032,4102,3542,0602,307
Total current assets:24,17323,00921,25651,75849,51920,16615,100
Noncurrent Assets
Property, plant and equipment5,2484,9864,9082,9612,9622,8942,879
Long-term investments and receivables29324622578931311,473
Long-term investments29324622578931311,473
Intangible assets, net (including goodwill)116,000117,444119,13233,76434,25334,57336,101
Goodwill33,12442,80142,66915,56115,60415,53715,642
Intangible assets, net (excluding goodwill)82,87674,64376,46318,20318,64919,03620,459
Other noncurrent assets4,8513,9364,0092,6382,2881,6771,589
Total noncurrent assets:126,392126,612128,27439,44139,59639,27542,042
TOTAL ASSETS:150,565149,621149,53091,19989,11559,44157,142
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20,15919,40419,27512,70911,83212,21711,300
Accounts payable2,276   1,452  
Accrued liabilities6,691   3,295  
Employee-related liabilities1,669   830  
Interest and dividends payable2,335   1,771  
Other undisclosed accounts payable and accrued liabilities7,18819,40419,27512,7094,48412,21711,300
Debt8,5024,7775,3713,7623,7535,2765,641
Total current liabilities:28,66124,18124,64616,47115,58517,49316,941
Noncurrent Liabilities
Long-term debt and lease obligation, including:77,55482,28282,06163,28462,97533,12631,619
Other undisclosed long-term debt and lease obligation77,55482,28282,06163,28462,97533,12631,619
Liabilities, other than long-term debt, including:31,25327,86928,09118,85917,59715,99016,000
Accounts payable and accrued liabilities    3,453  
Deferred tax liabilities, net1,148
Deferred income tax liabilities3,6464,4854,785959   
Liability, pension and other postretirement and postemployment benefits    2,949  
Other liabilities27,60723,38423,30617,9001,222  
Business combination, contingent consideration, liability    7,201  
Other undisclosed liabilities, other than long-term debt    2,77215,99014,852
Total noncurrent liabilities:108,807110,151110,15282,14380,57249,11647,619
Total liabilities:137,468134,332134,79898,61496,15766,60964,560
Stockholders' equity
Stockholders' equity attributable to parent, including:13,07615,27014,708(7,415)(8,172)(8,226)(8,566)
Treasury stock, value(2,264)(1,972)(1,958)(25,110)(24,504)(24,501)(24,505)
Additional paid in capital17,38417,14816,95315,40115,19315,11215,028
Accumulated other comprehensive loss(3,117)(3,259)(3,435)(3,697)(3,596)(2,528)(2,491)
Retained earnings1,0553,3353,1305,9734,7173,6733,384
Other undisclosed stockholders' equity attributable to parent18181818181818
Stockholders' equity attributable to noncontrolling interest211924    
Total stockholders' equity:13,09715,28914,732(7,415)(8,172)(8,226)(8,566)
Other undisclosed liabilities and equity    1,1301,0581,148
TOTAL LIABILITIES AND EQUITY:150,565149,621149,53091,19989,11559,44157,142

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues13,85812,90210,4258,6198,7048,4798,255
Cost of revenue
(Cost of Goods and Services Sold)
(4,684)(5,050)(3,711)(1,942)(2,006)(1,920)(1,819)
Gross profit:9,1747,8526,7146,6776,6986,5596,436
Operating expenses(5,421)(4,597)(5,962)(3,074)(3,632)(3,942)(3,036)
Other undisclosed operating income    890  
Operating income:3,7533,2557523,6033,9562,6173,400
Nonoperating income (expense)(4,631)(125)(813)58(323)(136)(2,235)
Investment income, nonoperating1110181351046049
Foreign currency transaction loss, before tax(17)(20)(29)(5)(11)(19)(6)
Other nonoperating expense(4,625)(115)(802)(72)(416)(177)(2,278)
Interest and debt expense(629)(630)(632)(563)(559)(480)(358)
Income (loss) from continuing operations before income taxes:(1,507)2,500(693)3,0983,0742,001807
Income tax expense (benefit)1,545(187)(46)(88)(273)(117)(66)
Net income (loss):382,313(739)3,0102,8011,884741
Net income (loss) attributable to noncontrolling interest(2)(5)1    
Net income (loss) attributable to parent:362,308(738)3,0102,8011,884741
Other undisclosed net loss available to common stockholders, basic(16)(17)(18)(14)(13)(10)(8)
Net income (loss) available to common stockholders, diluted:202,291(756)2,9962,7881,874733

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):382,313(739)3,0102,8011,884741
Other comprehensive income142176262    
Comprehensive income (loss):1802,489(477)3,0102,8011,884741
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(5)1    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (101)(1,068)(37)25
Comprehensive income (loss), net of tax, attributable to parent:1782,484(476)2,9091,7331,847766

Statements sources

The financial statements are based on the company's filings with the 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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