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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,47939,9248,0619,7896,4238,4078,374
Cash and cash equivalents8,44939,9247,2899,3035,1008,3998,348
Short-term investments30 7724861,323826
Receivables8,8225,4285,8722,042(72)(78)482
Inventory, net of allowances, customer advances and progress billings3,3101,8131,6051,6051,4441,7191,124
Inventory3,3101,8131,6051,6051,4441,7191,124
Deferred tax assets    896
Other undisclosed current assets3,5622,3541,4077,7878,3926,2665,212
Total current assets:24,17349,51916,94521,22316,18716,31416,088
Noncurrent Assets
Property, plant and equipment5,2482,9622,8832,8032,6042,5652,485
Long-term investments and receivables293931,4202,0901,78314592
Long-term investments293931,4202,0901,78314592
Intangible assets, net (including goodwill)116,00034,25336,89643,34444,31332,8777,375
Goodwill33,12415,60415,66315,78515,41613,1685,862
Intangible assets, net (excluding goodwill)82,87618,64921,23327,55928,89719,7091,513
Other noncurrent assets4,8512,2881,2081,3261,2121,1491,507
Total noncurrent assets:126,39239,59642,40749,56349,91236,73611,459
TOTAL ASSETS:150,56589,11559,35270,78666,09953,05027,547
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20,15911,83211,93110,2269,3798,4636,954
Accounts payable2,2761,4521,5461,4741,4071,597881
Accrued liabilities6,6913,2954,0523,7773,4132,9552,739
Employee-related liabilities1,669830787763644632623
Interest and dividends payable2,3351,7711,6071,1431,028924791
Other undisclosed accounts payable and accrued liabilities7,1884,4843,9393,0692,8872,3551,920
Debt8,5023,7535,3086,4154022,4314,446
Due to related parties      536
Other undisclosed current liabilities      (536)
Total current liabilities:28,66115,58517,23916,6419,78110,89411,400
Noncurrent Liabilities
Long-term debt and lease obligation, including:77,55462,97535,00230,95336,44029,24010,565
Other undisclosed long-term debt and lease obligation77,55462,97535,00230,95336,44029,24010,565
Liabilities, other than long-term debt, including:31,25317,59714,49015,6058,3523,6953,840
Accounts payable and accrued liabilities 3,4534,3114,675   
Deferred tax liabilities, net1,0672,490  630
Deferred income tax liabilities3,646 
Liability, pension and other postretirement and postemployment benefits 2,9491,8402,7402,0851,9492,220
Other liabilities27,6071,2221,3071,2411,160844990
Business combination, contingent consideration, liability 7,2014,3064,2663,941  
Other undisclosed liabilities, other than long-term debt 2,7721,6591931,166902 
Total noncurrent liabilities:108,80780,57249,49246,55844,79232,93514,405
Total liabilities:137,46896,15766,73163,19954,57343,82925,805
Stockholders' equity
Stockholders' equity attributable to parent, including:13,076(8,172)(8,446)5,0974,6363,9451,742
Treasury stock, value(2,264)(24,504)(24,108)(11,923)(10,852)(8,839)(972)
Additional paid in capital17,38415,19314,75614,27013,67813,0804,194
Accumulated other comprehensive loss(3,117)(3,596)(2,480)(2,727)(2,586)(2,561)(2,031)
Retained earnings1,0554,7173,3685,4594,3782,248535
Other undisclosed stockholders' equity attributable to parent18181818181716
Stockholders' equity attributable to noncontrolling interest21      
Total stockholders' equity:13,097(8,172)(8,446)5,0974,6363,9451,742
Other undisclosed liabilities and equity 1,1301,0672,4906,8905,276 
TOTAL LIABILITIES AND EQUITY:150,56589,11559,35270,78666,09953,05027,547

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues45,80433,26632,75328,21625,63822,85919,960
Revenue, net28,21625,63822,85919,960
Cost of revenue(15,387)(7,439)(8,218)(7,040)(5,833)(4,500)(4,736)
Cost of goods and services sold(15,387)(7,439)(7,718)(7,040)(5,833)(4,500)(4,426)
Gross profit:30,41725,82724,53521,17619,80518,35915,224
Operating expenses(19,054)(13,734)(18,152)(11,584)(10,421)(10,822)(11,813)
Other operating income (expense), net 890(500)   (750)
Other expenses  (500)   (750)
Other undisclosed operating income  500   750
Operating income:11,36312,9836,3839,5929,3847,5373,411
Nonoperating income (expense)(5,511)(2,773)162(715)(453)(173)(613)
Investment income, nonoperating174275204146823338
Foreign currency transaction loss, before tax(71)(42)(24)(348)(303)(193)(678)
Other nonoperating income (expense)(5,614)(3,006)(18)(513)(232)(13)27
Interest and debt expense(2,454)(1,784)(1,348)(1,150)(1,047)(719)(429)
Income from continuing operations before income taxes:3,3988,4265,1977,7277,8846,6452,369
Income tax expense (benefit)1,224(544)490(2,418)(1,931)(1,501)(595)
Net income:4,6227,8825,6875,3095,9535,1441,774
Net loss attributable to noncontrolling interest(6)      
Net income attributable to parent:4,6167,8825,6875,3095,9535,1441,774
Other undisclosed net loss available to common stockholders, basic(60)(40)(30)(26)(30)  
Net income available to common stockholders, diluted:4,5567,8425,6575,2835,9235,1441,774

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4,6227,8825,6875,3095,9535,1441,774
Other comprehensive income479      
Comprehensive income:5,1017,8825,6875,3095,9535,1441,774
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (1,116)247(141)(25)(530)(1,589)
Comprehensive income, net of tax, attributable to parent:5,0956,7665,9345,1685,9284,614185

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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