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Microsoft Excel LibreOffice Calc

Abbott Laboratories (NYSE:ABT)

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.

Abbott Laboratories, consolidated income statement

US$ in millions

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12 months ended Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net sales
Cost of products sold, excluding amortization of intangible assets
Amortization of intangible assets
Gross profit
Research and development
Selling, general and administrative
Operating earnings
Interest expense
Interest income
Net foreign exchange gain (loss)
Debt extinguishment costs
Other income (expense), net
Earnings from continuing operations before taxes
Taxes on earnings from continuing operations
Earnings from continuing operations
Earnings from discontinued operations, net of taxes
Gain on sale of discontinued operations, net of taxes
Net earnings from discontinued operations, net of taxes
Net earnings

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-16), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19).

Income statement 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 2017 to 2018 and from 2018 to 2019.
Operating earnings The net result for the period of deducting operating expenses from operating revenues. Abbott Laboratories’s operating earnings increased from 2017 to 2018 and from 2018 to 2019.
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 increased from 2017 to 2018 and from 2018 to 2019.
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 increased from 2017 to 2018 and from 2018 to 2019.