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Microsoft Excel LibreOffice Calc


Income Statement

Difficulty: Beginner

Abbott Laboratories, Consolidated Income Statement

USD $ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Net sales hidden hidden hidden hidden hidden
Cost of products sold, excluding amortization of intangible assets hidden hidden hidden hidden hidden
Amortization of intangible assets hidden hidden hidden hidden hidden
Gross profit hidden hidden hidden hidden hidden
Research and development hidden hidden hidden hidden hidden
Selling, general and administrative 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
Net loss on extinguishment of debt hidden hidden hidden hidden hidden
Net foreign exchange gain (loss) hidden hidden hidden hidden hidden
Other income (expense), net hidden hidden hidden hidden hidden
Earnings from continuing operations before taxes hidden hidden hidden hidden hidden
Taxes on earnings from continuing operations hidden hidden hidden hidden hidden
Earnings from continuing operations hidden hidden hidden hidden hidden
Earnings from discontinued operations, net of taxes hidden hidden hidden hidden hidden
Gain on sale of discontinued operations, net of taxes hidden hidden hidden hidden hidden
Net earnings from discontinued operations, net of taxes hidden hidden hidden hidden hidden
Net earnings hidden hidden hidden hidden hidden

Based on: 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: 2015-02-27), 10-K (filing date: 2014-02-21).

Item Description The company
Net sales 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. Abbott Laboratories’s net sales increased from 2015 to 2016 and from 2016 to 2017.
Operating earnings The net result for the period of deducting operating expenses from operating revenues. Abbott Laboratories’s operating earnings increased from 2015 to 2016 but then declined significantly from 2016 to 2017.
Earnings from continuing operations before 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. Abbott Laboratories’s earnings from continuing operations before taxes declined from 2015 to 2016 but then slightly increased from 2016 to 2017.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Abbott Laboratories’s net earnings declined from 2015 to 2016 and from 2016 to 2017.