AbbVie Inc. (ABBV) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,8308,47939,9248,0619,7896,4238,407
Cash and cash equivalents9,7468,44939,9247,2899,3035,1008,399
Short-term investments8430 7724861,3238
Receivables9,9778,8225,4285,8722,042(72)(78)
Inventory, net of allowances, customer advances and progress billings3,1283,3101,8131,6051,6051,4441,719
Inventory3,1283,3101,8131,6051,6051,4441,719
Other undisclosed current assets4,9933,5622,3541,4077,7878,3926,266
Total current assets:27,92824,17349,51916,94521,22316,18716,314
Noncurrent Assets
Property, plant and equipment5,1105,2482,9622,8832,8032,6042,565
Long-term investments and receivables277293931,4202,0901,783145
Long-term investments277293931,4202,0901,783145
Intangible assets, net (including goodwill)108,330116,00034,25336,89643,34444,31332,877
Goodwill32,37933,12415,60415,66315,78515,41613,168
Intangible assets, net (excluding goodwill)75,95182,87618,64921,23327,55928,89719,709
Other noncurrent assets4,8844,8512,2881,2081,3261,2121,149
Total noncurrent assets:118,601126,39239,59642,40749,56349,91236,736
TOTAL ASSETS:146,529150,56589,11559,35270,78666,09953,050
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:22,69920,15911,83211,93110,2269,3798,463
Accounts payable2,8822,2761,4521,5461,4741,4071,597
Accrued liabilities7,2356,6913,2954,0523,7773,4132,955
Employee-related liabilities1,7851,669830787763644632
Interest and dividends payable2,5432,3351,7711,6071,1431,028924
Other undisclosed accounts payable and accrued liabilities8,2547,1884,4843,9393,0692,8872,355
Debt12,4958,5023,7535,3086,4154022,431
Total current liabilities:35,19428,66115,58517,23916,6419,78110,894
Noncurrent Liabilities
Long-term debt and lease obligation, including:64,18977,55462,97535,00230,95336,44029,240
Finance lease, liability25  
Operating lease, liability713  
Other undisclosed long-term debt and lease obligation63,45177,55462,97535,00230,95336,44029,240
Liabilities, other than long-term debt, including:31,71031,25317,59714,49015,6058,3523,695
Accounts payable and accrued liabilities  3,4534,3114,675  
Deferred tax liabilities, net1,0672,490  
Deferred income tax liabilities3,0093,646 
Liability, pension and other postretirement and postemployment benefits  2,9491,8402,7402,0851,949
Other liabilities28,70127,6071,2221,3071,2411,160844
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:95,899108,80780,57249,49246,55844,79232,935
Total liabilities:131,093137,46896,15766,73163,19954,57343,829
Stockholders' equity
Stockholders' equity attributable to parent, including:15,40813,076(8,172)(8,446)5,0974,6363,945
Treasury stock, value(3,143)(2,264)(24,504)(24,108)(11,923)(10,852)(8,839)
Additional paid in capital18,30517,38415,19314,75614,27013,67813,080
Accumulated other comprehensive loss(2,899)(3,117)(3,596)(2,480)(2,727)(2,586)(2,561)
Retained earnings3,1271,0554,7173,3685,4594,3782,248
Other undisclosed stockholders' equity attributable to parent18181818181817
Stockholders' equity attributable to noncontrolling interest2821     
Total stockholders' equity:15,43613,097(8,172)(8,446)5,0974,6363,945
Other undisclosed liabilities and equity  1,1301,0672,4906,8905,276
TOTAL LIABILITIES AND EQUITY:146,529150,56589,11559,35270,78666,09953,050

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues56,19745,80433,26632,75328,21625,63822,859
Revenue, net28,21625,63822,859
Cost of revenue(17,878)(15,387)(7,439)(8,218)(7,040)(5,833)(4,500)
Cost of goods and services sold(17,446)(15,387)(7,439)(7,718)(7,040)(5,833)(4,500)
Gross profit:38,31930,41725,82724,53521,17619,80518,359
Operating expenses(20,395)(19,054)(13,734)(18,152)(11,584)(10,421)(10,822)
Other operating income (expense), net(432) 890(500)   
Other expenses   (500)   
Other undisclosed operating income432  500   
Operating income:17,92411,36312,9836,3839,5929,3847,537
Nonoperating income (expense)(2,512)(5,511)(2,773)162(715)(453)(173)
Investment income, nonoperating391742752041468233
Foreign currency transaction loss, before tax(51)(71)(42)(24)(348)(303)(193)
Other nonoperating expense(2,500)(5,614)(3,006)(18)(513)(232)(13)
Interest and debt expense(2,423)(2,454)(1,784)(1,348)(1,150)(1,047)(719)
Income from continuing operations before income taxes:12,9893,3988,4265,1977,7277,8846,645
Income tax expense (benefit)(1,440)1,224(544)490(2,418)(1,931)(1,501)
Net income:11,5494,6227,8825,6875,3095,9535,144
Net loss attributable to noncontrolling interest(7)(6)     
Net income attributable to parent:11,5424,6167,8825,6875,3095,9535,144
Other undisclosed net loss available to common stockholders, basic(74)(60)(40)(30)(26)(30) 
Net income available to common stockholders, diluted:11,4684,5567,8425,6575,2835,9235,144

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:11,5494,6227,8825,6875,3095,9535,144
Other comprehensive income218479     
Comprehensive income:11,7675,1017,8825,6875,3095,9535,144
Comprehensive loss, net of tax, attributable to noncontrolling interest(7)(6)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (1,116)247(141)(25)(530)
Comprehensive income, net of tax, attributable to parent:11,7605,0956,7665,9345,1685,9284,614

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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