Abbott Laboratories (ABT) FY2024 Annual P&L / Income Statement

Abbott Laboratories (ABT) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net Sales

41,950,000,000 US dollars

Cost of products sold, excluding amortization of intangible assets

18,706,000,000 US dollars

Gross profit (calculated)

23,244,000,000 US dollars

Operating expenses (calculated)

16,419,000,000 US dollars

Operating Earnings

6,825,000,000 US dollars

Other income (expense), net (calculated)

188,000,000 US dollars

Earnings before Taxes

7,013,000,000 US dollars

Taxes on Earnings

negative 6,389,000,000 US dollars

Net Earnings

13,402,000,000 US dollars

Established Pharmaceuticals

5,194,000,000 US dollars

Nutritionals

8,413,000,000 US dollars

Diagnostics

9,341,000,000 US dollars

Medical Devices

18,986,000,000 US dollars

Amortization of intangible assets

1,878,000,000 US dollars

Research and development

2,844,000,000 US dollars

Selling, general and administrative

11,697,000,000 US dollars

Revenue before reconciliation (calculated)

41,934,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Other

16,000,000 US dollars. Reported reconciliation to consolidated revenue.

Established Pharmaceuticals costs (calculated)

3,961,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Nutritionals costs (calculated)

6,908,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Diagnostics costs (calculated)

7,268,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Medical Devices costs (calculated)

12,833,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

4,155,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.