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Microsoft Excel LibreOffice Calc

AbbVie Inc. (ABBV)

Income Statement

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

AbbVie Inc., consolidated income statement

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net revenues hidden hidden hidden hidden hidden
Cost of products sold hidden hidden hidden hidden hidden
Gross margin hidden hidden hidden hidden hidden
Selling, general and administrative hidden hidden hidden hidden hidden
Research and development hidden hidden hidden hidden hidden
Acquired in-process research and development hidden hidden hidden hidden hidden
Other expense hidden hidden hidden hidden hidden
Operating earnings hidden hidden hidden hidden hidden
Interest expense hidden hidden hidden hidden hidden
Interest income hidden hidden hidden hidden hidden
Interest expense, net hidden hidden hidden hidden hidden
Net foreign exchange loss hidden hidden hidden hidden hidden
Other income (expense), net hidden hidden hidden hidden hidden
Earnings before income taxes hidden hidden hidden hidden hidden
Income tax (expense) benefit hidden hidden hidden hidden hidden
Net earnings hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-16), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20).

Income statement item Description The company
Net revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. AbbVie Inc.’s net revenues increased from 2016 to 2017 and from 2017 to 2018.
Operating earnings The net result for the period of deducting operating expenses from operating revenues. AbbVie Inc.’s operating earnings increased from 2016 to 2017 but then decreased significantly from 2017 to 2018.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. AbbVie Inc.’s earnings before income taxes decreased from 2016 to 2017 and from 2017 to 2018.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. AbbVie Inc.’s net earnings decreased from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.