ABB LTD ABB Income Statement

Abb ltd (ABB)

Income statement / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Sales of products
28,133	27,816	29,477	33,279	35,282	32,979	31,875	26,291	26,820	29,705	24,816
Sales of services and other
6,179	6,012	6,004	6,551	6,566	6,357	6,115	5,298	4,975	5,207	4,367
Total revenues
34,312	33,828	35,481	39,830	41,848	39,336	37,990	31,589	31,795	34,912	29,183
Cost of sales of products
20,313	20,431	21,694	24,506	25,728	23,838	22,649	18,607	19,057	20,506	17,292
Cost of services and other
3,733	3,650	3,653	4,109	4,128	4,120	3,907	3,453	3,413	3,466	2,923
Total cost of sales
24,046	24,081	25,347	28,615	29,856	27,958	26,556	22,060	22,470	23,972	20,215
Gross profit
10,266	9,747	10,134	11,215	11,992	11,378	11,434	9,529	9,325	10,940	8,968
Selling, general and administrative expenses
5,607	5,349	5,574	6,067	6,094	5,756	5,373	4,615	4,491	4,795	4,975
Non-order related research and development expenses
1,365	1,300	1,406	1,499	1,470	1,464	1,371	1,082	1,037	1,027	-
Other income (expense), net
140	-111	-105	529	-41	-100	-23	-14	329	-566	30
Income from operations
3,434	2,987	3,049	4,178	4,387	4,058	4,667	3,818	4,126	4,552	4,023
Interest and dividend income
74	73	77	80	69	73	90	95	121	315	273
Interest and other finance expense
277	261	286	362	390	293	207	173	127	349	383
Income from continuing operations before taxes
3,231	2,799	2,840	3,896	4,066	3,838	4,550	3,740	4,120	4,518	3,913
Provision for taxes
860	781	788	1,202	1,122	1,030	1,244	1,018	1,001	1,119	595
Income from continuing operations, net of tax
2,371	2,018	2,052	2,694	2,944	2,808	3,306	2,722	3,119	3,399	3,318
Income (loss) from discontinued operations, net of tax
-6	16	3	24	-37	4	9	10	17	-21	586
Income before cumulative effect of accounting change, net of tax
-	-	-	-	-	-	-	-	-	-	3,904
Cumulative effect of accounting change, net of tax
-	-	-	-	-	-	-	-	-	-	-49
Net income
2,365	2,034	2,055	2,718	2,907	2,812	3,315	2,732	3,136	3,378	3,855
Net income attributable to noncontrolling interests
152	135	122	124	120	108	147	171	235	260	244
Net income attributable to ABB
2,213	1,899	1,933	2,594	2,787	2,704	3,168	2,561	2,901	3,118	3,611
Amounts attributable to ABB shareholders:
Income from continuing operations, net of tax
2,219	1,883	1,930	2,570	2,824	2,700	3,159	2,551	2,884	3,142	3,083
Net income
2,213	1,899	1,933	2,594	2,787	2,704	3,168	2,561	2,901	3,118	3,611
Basic earnings per share attributable to ABB shareholders:
Income (loss) from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	577
Cumulative effect of accounting change, net of tax
-	-	-	-	-	-	-	-	-	-	-49
Income from continuing operations, net of tax (in dollars per share)
1.04	0.88	0.87	1.12	1.23	1.18	1.38	1.12	1.26	1.37	1.37
Income (loss) from discontinued operations, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.25
Cumulative effect of accounting change, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.02
Net income (in dollars per share)
1.04	0.88	0.87	1.13	1.21	1.18	1.38	1.12	1.27	1.36	1.60
Diluted earnings per share attributable to ABB shareholders:
Income from continuing operations, net of tax (in dollars per share)
1.03	0.87	0.87	1.12	1.23	1.18	1.38	1.11	1.26	1.37	1.34
Income (loss) from discontinued operations, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.25
Cumulative effect of accounting change, net of tax (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.02
Net income (in dollars per share)
1.03	0.88	0.87	1.13	1.21	1.18	1.38	1.12	1.27	1.36	1.57
Weighted-average number of shares outstanding (in millions) used to compute:
Basic earnings per share attributable to ABB shareholders (in shares)
2,138	2,151	2,226	2,288	2,297	2,293	2,288	2,287	2,284	2,287	2,258
Diluted earnings per share attributable to ABB shareholders (in shares)
2,148	2,154	2,230	2,295	2,305	2,295	2,291	2,291	2,288	2,296	2,308