ABB LTD

ABLZF · OTCM

CIK 1091587fmd_0CDGNW9AZ9ZQ1PP6X6MS79JE6ZManufacturing · Switchgear & Switchboard ApparatusTemplate: Standard

Coverage: Jan 01, 2007 to Dec 31, 2023, 17 periods

Income Statement · Annual · Millions · USD
Line item	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023
Total revenues	39,830	35,481	24,929	25,196	27,662	27,978	26,134	28,945	29,446	32,235
Cost of revenue	28,615	25,347	17,396	17,350	19,118	19,072	18,256	19,478	19,736	21,021
Gross profit	11,215	10,134	7,533	7,846	8,544	8,906	7,878	9,467	9,710	11,214
Research and development	1,499	1,406	967	1,013	1,147	1,198	1,127	1,219	1,166	1,317
Selling, general and administrative	6,067	5,574	4,532	4,765	5,295	5,447	4,895	5,162	5,132	5,543
Operating income	4,178	3,049	1,929	2,230	2,226	1,938	1,593	5,718	3,337	4,871
Interest and investment income	80	77	71	73	72	67	51	51	72	165
Other non-operating income (expense)	–	–	–	–	–	–	(20)	(34)	(57)	36
Income before taxes	3,896	2,840	1,761	2,102	2,119	1,862	841	5,787	3,394	4,778
Income tax expense	1,202	788	526	583	544	772	496	1,057	757	930
Net income from continuing operations	2,694	2,052	1,235	1,519	1,575	1,090	345	4,730	2,637	3,848
Net income	2,718	2,055	2,034	2,365	2,298	1,528	5,205	4,650	2,594	3,824
Net income to common shareholders	2,594	1,933	1,899	2,213	2,173	1,439	5,146	4,546	2,475	3,745