Abbott Laboratories (ABT) financial statements (2020 and earlier)

Company profile

Business Address 100 ABBOTT PARK ROAD
ABBOTT PARK, IL 60064-3500
State of Incorp. IL
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)

12/31/2019
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 investments4,1404,0869,61018,7756,1254,4608,098
Cash and cash equivalents3,8603,8449,40718,6205,0014,0633,475
Short-term investments2802422031551,1243974,623
Receivables5,4255,1825,2493,2483,4183,5863,986
Inventory, net of allowances, customer advances and progress billings4,3163,7963,6012,4342,5992,6432,693
Inventory4,3163,7963,6012,4342,5992,6432,693
Disposal group, including discontinued operation 920513105892438
Other current assets  1,6671,8061,9081,9751,504
Other undisclosed current assets1,7861,559   1,7052,528
Total current assets:15,66714,63220,14726,77614,15515,26119,247
Noncurrent Assets
Operating lease, right-of-use asset934
Property, plant and equipment8,0387,5637,6075,7055,7305,9355,905
Long-term investments and receivables8838978832,9474,041229119
Long-term investments8838978832,9474,041229119
Intangible assets, net (including goodwill)40,22042,19645,49312,22215,20016,26515,507
Goodwill23,19523,25424,0207,6839,63810,0679,772
Intangible assets, net (excluding goodwill)17,02518,94221,4734,5395,5626,1985,735
Regulated entity, other noncurrent assets90102119117   
Disposal group, including discontinued operation, noncurrent assets 171762,75322,738
Other noncurrent assets    2,1191,6512,109
Other undisclosed noncurrent assets2,0551,7661,8252,146 (804)65
Total noncurrent assets:52,22052,54156,10325,89027,09226,01423,705
Other undisclosed assets      1
TOTAL ASSETS:67,88767,17376,25052,66641,24741,27542,953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,3858,8058,1985,0905,6835,4151,081
Accounts payable3,2522,9752,4021,1781,0811,064 
Accrued liabilities4,0353,7803,8112,5813,0432,943 
Employee-related liabilities1,2371,1821,187752746776906
Taxes payable226305309188430270175
Interest and dividends payable635563489391383362 
Debt1,4782077141,3253,1304,4373,173
Disposal group, including discontinued operation   245373680386
Other undisclosed current liabilities      4,867
Total current liabilities:10,8639,0128,9126,6609,18610,5329,507
Noncurrent Liabilities
Long-term debt and lease obligation17,41619,35927,21020,6815,8713,4083,388
Long-term debt, excluding current maturities16,66119,35927,21020,6815,8713,4083,388
Operating lease, liability755
Liabilities, other than long-term debt2,8172,0409,0304,6084,8649,4317,075
Pension and other postretirement defined benefit plans, liabilities1,818
Deferred tax liabilities, net    860466
Liability, pension and other postretirement and postemployment benefits2,8172,040   2,875
Disposal group, including discontinued operation, liabilities   59 1087
Other liabilities  9,0304,5494,8645,5884,784
Other undisclosed noncurrent liabilities5,4906,040   (3,735)(2,284)
Total noncurrent liabilities:25,72327,43936,24025,28910,7359,1048,179
Total liabilities:36,58636,45145,15231,94919,92119,63617,686
Stockholders' equity
Stockholders' equity attributable to parent31,08830,52430,89720,53821,21121,52625,171
Common stock23,85323,51223,20613,02712,73412,38312,048
Treasury stock, value(10,147)(9,962)(10,225)(10,791)(10,622)(8,678)(6,844)
Accumulated other comprehensive loss(8,465)(7,586)(6,062)(7,263)(6,658)(5,053)(2,012)
Retained earnings25,84724,56023,97825,56525,75722,87421,979
Stockholders' equity attributable to noncontrolling interest21319820117911511396
Total stockholders' equity:31,30130,72231,09820,71721,32621,63925,267
TOTAL LIABILITIES AND EQUITY:67,88767,17376,25052,66641,24741,27542,953

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues31,90430,57827,39020,85320,40520,24721,848
Revenue, net27,39020,85320,40520,24721,848
Cost of revenue(13,231)(12,706)(13,500)(9,574)(9,348)(9,218)(10,040)
Cost of goods and services sold(13,231)(12,706)(12,337)(9,024)(8,747)(9,218)(10,040)
Gross profit:18,67317,87213,89011,27911,05711,02911,808
Operating expenses(14,141)(14,222)(12,164)(8,094)(8,190)(8,505)(9,179)
Other undisclosed operating income     75 
Operating income:4,5323,6501,7263,1852,8672,5992,629
Nonoperating income (expense)2782161,409(1,341)4798749
Investment income, nonoperating94105124991057767
Foreign currency transaction gain (loss), before tax(7)(28)34(495)9324(50)
Other nonoperating income (expense)1911391,251(945)281(14)32
Interest and debt expense(733)(993)(904)(431)(163)(168)(157)
Income from continuing operations before income taxes:4,0772,8732,2311,4133,1832,5182,521
Income tax expense(390)(539)(1,878)(350)(577)(797)(138)
Income from continuing operations:3,6872,3343531,0632,6061,7212,383
Income from discontinued operations 341243371,817505 
Net income:3,6872,3684771,4004,4232,2262,383
Other undisclosed net income attributable to parent     58193
Net income attributable to parent:3,6872,3684771,4004,4232,2842,576
Other undisclosed net loss available to common stockholders, basic(21)(15)(9)(7)(20)(11)(18)
Net income available to common stockholders, diluted:3,6662,3534681,3934,4032,2732,558

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3,6872,3684771,4004,4232,2262,383
Other comprehensive income (loss)255(47)104129110(3,041)572
Other undisclosed comprehensive income     58193
Comprehensive income (loss):3,9422,3215811,5294,533(757)3,148
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,134)(1,145)948(734)(1,842)  
Comprehensive income (loss), net of tax, attributable to parent:2,8081,1761,5297952,691(757)3,148

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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