AbbVie Inc. (ABBV) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,6488,0619,7896,4238,4078,3749,895
Cash and cash equivalents10,6487,2899,3035,1008,3998,3489,595
Short-term investments 7724861,323826300
Receivables5,5295,8722,042(72)(78)4823,766
Inventory, net of allowances, customer advances and progress billings1,9291,6051,6051,4441,7191,1241,150
Inventory1,9291,6051,6051,4441,7191,1241,150
Income taxes receivable949
Deferred tax assets    896766
Other undisclosed current assets2,0601,4077,7878,3926,2665,2121,322
Total current assets:20,16616,94521,22316,18716,31416,08817,848
Noncurrent Assets
Property, plant and equipment2,8942,8832,8032,6042,5652,4852,298
Long-term investments and receivables1311,4202,0901,78314592118
Long-term investments1311,4202,0901,78314592118
Intangible assets, net (including goodwill)34,57336,89643,34444,31332,8777,3758,167
Goodwill15,53715,66315,78515,41613,1685,8626,277
Intangible assets, net (excluding goodwill)19,03621,23327,55928,89719,7091,5131,890
Other noncurrent assets1,6771,2081,3261,2121,1491,507767
Total noncurrent assets:39,27542,40749,56349,91236,73611,45911,350
TOTAL ASSETS:59,44159,35270,78666,09953,05027,54729,198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12,21711,93110,2269,3798,4636,9546,448
Accounts payable 1,5461,4741,4071,597881933
Accrued liabilities 4,0523,7773,4132,9552,739 
Employee-related liabilities 787763644632623621
Interest and dividends payable 1,6071,1431,028924791 
Other undisclosed accounts payable and accrued liabilities12,2173,9393,0692,8872,3551,9204,894
Debt5,2765,3086,4154022,4314,446431
Due to related parties     536876
Other undisclosed current liabilities     (536)(876)
Total current liabilities:17,49317,23916,6419,78110,89411,4006,879
Noncurrent Liabilities
Long-term debt and lease obligation, including:33,12635,00230,95336,44029,24010,56514,292
Other undisclosed long-term debt and lease obligation33,12635,00230,95336,44029,24010,56514,292
Liabilities, other than long-term debt, including:15,99014,49015,6058,3523,6953,8403,535
Pension and other postretirement defined benefit plans, liabilities1,628
Accounts payable and accrued liabilities 4,3114,675    
Deferred tax liabilities, net1,0672,490  630570
Liability, pension and other postretirement and postemployment benefits 1,8402,7402,0851,9492,220
Other liabilities 1,3071,2411,1608449901,337
Business combination, contingent consideration, liability 4,3064,2663,941  
Other undisclosed liabilities, other than long-term debt15,9901,6591931,166902  
Total noncurrent liabilities:49,11649,49246,55844,79232,93514,40517,827
Total liabilities:66,60966,73163,19954,57343,82925,80524,706
Stockholders' equity
Stockholders' equity attributable to parent, including:(8,226)(8,446)5,0974,6363,9451,7424,492
Treasury stock, value(24,501)(24,108)(11,923)(10,852)(8,839)(972)(320)
Additional paid in capital15,11214,75614,27013,67813,0804,1943,671
Accumulated other comprehensive loss(2,528)(2,480)(2,727)(2,586)(2,561)(2,031)(442)
Retained earnings3,6733,3685,4594,3782,2485351,567
Other undisclosed stockholders' equity attributable to parent18181818171616
Total stockholders' equity:(8,226)(8,446)5,0974,6363,9451,7424,492
Other undisclosed liabilities and equity1,0581,0672,4906,8905,276  
TOTAL LIABILITIES AND EQUITY:59,44159,35270,78666,09953,05027,54729,198

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues32,86732,75328,21625,63822,85919,96018,790
Revenue, net28,21625,63822,85919,96018,790
Cost of revenue(7,455)(8,218)(7,040)(5,833)(4,500)(4,736)(4,581)
Cost of goods and services sold(7,455)(7,718)(7,040)(5,833)(4,500)(4,426)(4,581)
Gross profit:25,41224,53521,17619,80518,35915,22414,209
Operating expenses(18,826)(18,152)(11,584)(10,421)(10,822)(11,813)(9,054)
Other operating expense, net
(Other Expenses)
 (500)   (750) 
Other undisclosed operating income 500   750509
Operating income:6,5866,3839,5929,3847,5373,4115,664
Nonoperating income (expense)(2,002)162(715)(453)(173)(613)(33)
Investment income, nonoperating23220414682333821
Foreign currency transaction loss, before tax(37)(24)(348)(303)(193)(678)(55)
Other nonoperating income (expense)(2,197)(18)(513)(232)(13)271
Interest and debt expense(1,605)(1,348)(1,150)(1,047)(719)(429)(299)
Income from continuing operations before income taxes:2,9795,1977,7277,8846,6452,3695,332
Income tax expense (benefit)276490(2,418)(1,931)(1,501)(595)(1,204)
Net income attributable to parent:3,2555,6875,3095,9535,1441,7744,128
Other undisclosed net loss available to common stockholders, basic(26)(30)(26)(30)   
Net income available to common stockholders, diluted:3,2295,6575,2835,9235,1441,7744,128

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3,2555,6875,3095,9535,1441,7744,128
Comprehensive income:3,2555,6875,3095,9535,1441,7744,128
Other undisclosed comprehensive income (loss), net of tax, attributable to parent31247(141)(25)(530)(1,589)570
Comprehensive income, net of tax, attributable to parent:3,2865,9345,1685,9284,6141854,698

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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