Abbott Laboratories (ABT) financial statements (2022 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)

12/31/2021
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 investments10,2497,1484,1404,0869,61018,7756,125
Cash and cash equivalents9,7996,8383,8603,8449,40718,6205,001
Short-term investments4503102802422031551,124
Receivables6,4876,4145,4255,1825,2493,2483,418
Inventory, net of allowances, customer advances and progress billings5,1575,0124,3163,7963,6012,4342,599
Inventory5,1575,0124,3163,7963,6012,4342,599
Disposal group, including discontinued operation   920513105
Other current assets    1,6671,8061,908
Other undisclosed current assets2,3461,8671,7861,559   
Total current assets:24,23920,44115,66714,63220,14726,77614,155
Noncurrent Assets
Operating lease, right-of-use asset1,1531,101934
Property, plant and equipment8,9599,0298,0387,5637,6075,7055,730
Long-term investments and receivables8168218838978832,9474,041
Long-term investments8168218838978832,9474,041
Intangible assets, net (including goodwill)35,97038,52840,22042,19645,49312,22215,200
Goodwill23,23123,74423,19523,25424,0207,6839,638
Intangible assets, net (excluding goodwill)12,73914,78417,02518,94221,4734,5395,562
Regulated entity, other noncurrent assets788790102119117 
Disposal group, including discontinued operation, noncurrent assets   171762,7532
Other noncurrent assets      2,119
Other undisclosed noncurrent assets3,9812,5412,0551,7661,8252,146 
Total noncurrent assets:50,95752,10752,22052,54156,10325,89027,092
TOTAL ASSETS:75,19672,54867,88767,17376,25052,66641,247
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,35111,6879,3858,8058,1985,0905,683
Accounts payable4,4083,9463,2522,9752,4021,1781,081
Accrued liabilities5,1815,1654,0353,7803,8112,5813,043
Employee-related liabilities1,6251,4161,2371,1821,187752746
Taxes payable306362226305309188430
Interest and dividends payable831798635563489391383
Debt7542201,4782077141,3253,130
Disposal group, including discontinued operation     245373
Total current liabilities:13,10511,90710,8639,0128,9126,6609,186
Noncurrent Liabilities
Long-term debt and lease obligation18,25219,42917,41619,35927,21020,6815,871
Long-term debt, excluding current maturities17,29618,52716,66119,35927,21020,6815,871
Operating lease, liability956902755
Liabilities, other than long-term debt2,7383,1192,8172,0409,0304,6084,864
Liability, pension and other postretirement and postemployment benefits2,7383,1192,8172,040   
Disposal group, including discontinued operation, liabilities     59 
Other liabilities    9,0304,5494,864
Other undisclosed noncurrent liabilities5,0775,0905,4906,040   
Total noncurrent liabilities:26,06727,63825,72327,43936,24025,28910,735
Total liabilities:39,17239,54536,58636,45145,15231,94919,921
Stockholders' equity
Stockholders' equity attributable to parent35,80232,78431,08830,52430,89720,53821,211
Common stock24,47024,14523,85323,51223,20613,02712,734
Treasury stock, value(11,822)(10,042)(10,147)(9,962)(10,225)(10,791)(10,622)
Accumulated other comprehensive loss(8,374)(8,946)(8,465)(7,586)(6,062)(7,263)(6,658)
Retained earnings31,52827,62725,84724,56023,97825,56525,757
Stockholders' equity attributable to noncontrolling interest222219213198201179115
Total stockholders' equity:36,02433,00331,30130,72231,09820,71721,326
TOTAL LIABILITIES AND EQUITY:75,19672,54867,88767,17376,25052,66641,247

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
Revenues43,07534,60831,90430,57827,39020,85320,405
Revenue, net27,39020,85320,405
Cost of revenue(20,584)(17,135)(13,231)(12,706)(13,500)(9,574)(9,348)
Cost of goods and services sold(18,537)(15,003)(13,231)(12,706)(12,337)(9,024)(8,747)
Gross profit:22,49117,47318,67317,87213,89011,27911,057
Operating expenses(14,066)(12,116)(14,141)(14,222)(12,164)(8,094)(8,190)
Operating income:8,4255,3574,5323,6501,7263,1852,867
Nonoperating income (expense)3191572782161,409(1,341)479
Investment income, nonoperating43469410512499105
Foreign currency transaction gain (loss), before tax(1)8(7)(28)34(495)93
Other nonoperating income (expense)2771031911391,251(945)281
Interest and debt expense(533)(546)(733)(993)(904)(431)(163)
Income from continuing operations before income taxes:8,2114,9684,0772,8732,2311,4133,183
Income tax expense(1,140)(497)(390)(539)(1,878)(350)(577)
Income from continuing operations:7,0714,4713,6872,3343531,0632,606
Income from discontinued operations 24 341243371,817
Net income attributable to parent:7,0714,4953,6872,3684771,4004,423
Other undisclosed net loss available to common stockholders, basic(29)(22)(21)(15)(9)(7)(20)
Net income available to common stockholders, diluted:7,0424,4733,6662,3534681,3934,403

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:7,0714,4953,6872,3684771,4004,423
Other comprehensive income (loss)(403)166255(47)104129110
Comprehensive income:6,6684,6613,9422,3215811,5294,533
Other undisclosed comprehensive income (loss), net of tax, attributable to parent975(647)(1,134)(1,145)948(734)(1,842)
Comprehensive income, net of tax, attributable to parent:7,6434,0142,8081,1761,5297952,691

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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