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

- Company: Abbott Laboratories (ABT)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-21, accession number 0001628280-25-007110
- Page: https://plicit.ai/financials/abt/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/abt-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Business Segment

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.

## Chart details: Revenue by Geography (8 categories)

- Page: https://plicit.ai/financials/abt/fy2024-annual-income-statement/revenue-by-geography-8-categories
- Chart image: https://plicit.ai/charts/abt-fy2024-annual-revenue-by-geography-8-categories-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography (8 categories). 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
- **UNITED STATES**: 16,323,000,000 US dollars
- **GERMANY**: 2,539,000,000 US dollars
- **CHINA**: 2,113,000,000 US dollars
- **INDIA**: 1,817,000,000 US dollars
- **SWITZERLAND**: 1,747,000,000 US dollars
- **JAPAN**: 1,441,000,000 US dollars
- **NETHERLANDS**: 1,124,000,000 US dollars
- **All Other Countries**: 14,846,000,000 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

### 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.

## Chart details: Revenue by Geography (2 categories)

- Page: https://plicit.ai/financials/abt/fy2024-annual-income-statement/revenue-by-geography-2-categories
- Chart image: https://plicit.ai/charts/abt-fy2024-annual-revenue-by-geography-2-categories-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography (2 categories). 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
- **UNITED STATES**: 16,323,000,000 US dollars
- **International**: 25,627,000,000 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

### 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.