Managerial Finance
dmak31
abbottlabseval.xlsxBalance Sheet
| Abbott | http://www.abbottinvestor.com/phoenix.zhtml?c=94004&p=irol-fundBalanceA | ||||
| Annual Balance Sheet | |||||
| Period Ended | 12/31/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 |
| Update | Update | Restated | Restated | Update | |
| 6/26/13 | 3/13/13 | 3/13/13 | 3/13/13 | 3/13/13 | |
| In millions of USD | |||||
| (except for per share items) | |||||
| Cash & Equivalents | 10,802.16 | 6,812.82 | 3,648.37 | 8,809.34 | 4,112.02 |
| Short Term Investments | 4,371.82 | 1,284.54 | 1,803.08 | 1,122.71 | 967.6 |
| Cash and Short Term Investments | 15,173.98 | 8,097.36 | 5,451.45 | 9,932.05 | 5,079.63 |
| Accounts Receivable - Trade, Gross | 8,018.78 | 8,104.50 | 7,572.60 | 6,853.49 | 5,729.29 |
| Provision for Doubtful Accounts | -405.92 | -420.58 | -388.56 | -311.55 | -263.63 |
| Accounts Receivable - Trade, Net | 7,612.86 | 7,683.92 | 7,184.03 | 6,541.94 | 5,465.66 |
| Total Receivables, Net | 7,612.86 | 7,683.92 | 7,184.03 | 6,541.94 | 5,465.66 |
| Inventories - Finished Goods | 2,345.46 | 2,220.53 | 2,058.74 | 2,289.28 | 1,545.95 |
| Inventories - Work In Progress | 628.87 | 432.36 | 383.58 | 448.49 | 698.14 |
| Inventories - Raw Materials | 817.98 | 631.36 | 746.42 | 527.11 | 531.76 |
| Total Inventory | 3,792.31 | 3,284.25 | 3,188.73 | 3,264.88 | 2,775.85 |
| Prepaid Expenses | 1,735.21 | 2,002.71 | 1,544.77 | 1,210.88 | 1,258.55 |
| Restricted Cash - Current | 0 | 0 | 1,872.49 | 0 | 0 |
| Deferred Income Tax - Current Asset | 2,986.22 | 2,700.54 | 3,076.05 | 2,364.14 | 2,462.87 |
| Other Current Assets | 22 | -- | -- | -- | -- |
| Other Current Assets, Total | 3,008.22 | 2,700.54 | 4,948.54 | 2,364.14 | 2,462.87 |
| Total Current Assets | 31,322.58 | 23,768.77 | 22,317.53 | 23,313.89 | 17,042.56 |
| Buildings - Gross | 4,259.24 | 4,467.39 | 4,334.24 | 4,010.44 | 3,698.86 |
| Land / Improvements - Gross | 604.46 | 633.92 | 648.99 | 546.2 | 509.61 |
| Machinery / Equipment - Gross | 13,110.83 | 12,216.39 | 11,813.62 | 11,325.45 | 10,366.27 |
| Construction in Progress - Gross | 954.35 | 698.87 | 577.46 | 604.81 | 613.94 |
| Property / Plant / Equipment, Total - Gross | 18,928.89 | 18,016.57 | 17,374.30 | 16,486.91 | 15,188.67 |
| Accumulated Depreciation, Total | -10,865.84 | -10,142.61 | -9,403.35 | -8,867.42 | -7,969.51 |
| Property / Plant / Equipment, Total - Net | 8,063.05 | 7,873.96 | 7,970.96 | 7,619.49 | 7,219.17 |
| Goodwill, Net | 15,774.13 | 15,705.38 | 15,930.08 | 13,200.17 | 9,987.36 |
| Intangibles - Gross | 18,288.29 | 18,289.64 | 18,651.63 | 11,391.99 | 9,351.11 |
| Accumulated Intangible Amortization | -9,700.00 | -8,300.00 | -6,500.00 | -5,100.00 | -4,200.00 |
| Intangibles, Net | 8,588.29 | 9,989.64 | 12,151.63 | 6,291.99 | 5,151.11 |
| LT Investment - Affiliate Companies | 213 | 317 | 240 | 153 | 147 |
| LT Investments - Other | 60.6 | 61.23 | 62.05 | 99.87 | 926.74 |
| Long Term Investments | 273.6 | 378.23 | 302.05 | 252.87 | 1,073.74 |
| Note Receivable - Long Term | -- | 0 | 0 | 880 | -- |
| Deferred Charges | 3,028.31 | 2,560.92 | 1,901.61 | 1,023.21 | 1,945.28 |
| Other Long Term Assets | 185 | -- | -- | -- | -- |
| Other Long Term Assets, Total | 3,213.31 | 2,560.92 | 1,901.61 | 1,023.21 | 1,945.28 |
| Total Assets | 67,234.94 | 60,276.89 | 60,573.85 | 52,581.62 | 42,419.20 |
| Accounts Payable | 1,796.99 | 1,721.13 | 1,535.76 | 1,280.54 | 1,351.44 |
| Accrued Expenses | 8,204.76 | 9,115.12 | 7,343.44 | 5,516.55 | 5,228.05 |
| Notes Payable / Short Term Debt | 2,081.84 | 2,347.86 | 4,349.80 | 4,978.44 | 1,691.07 |
| Current Portion of Long Term Debt / Capital Leases | 308.82 | 1,026.90 | 2,044.97 | 211.18 | 1,040.91 |
| Dividends Payable | 221.34 | 754.28 | 680.75 | 620.64 | 559.06 |
| Income Taxes Payable | 655.42 | 514.95 | 1,307.72 | 442.14 | 805.4 |
| Other Current Liabilities | 11 | -- | -- | -- | 915.98 |
| Other Current liabilities, Total | 887.76 | 1,269.23 | 1,988.47 | 1,062.78 | 2,280.44 |
| Total Current Liabilities | 13,280.18 | 15,480.23 | 17,262.43 | 13,049.49 | 11,591.91 |
| Long Term Debt | 18,085.30 | 12,039.82 | 12,523.52 | 11,266.29 | 8,713.33 |
| Total Long Term Debt | 18,085.30 | 12,039.82 | 12,523.52 | 11,266.29 | 8,713.33 |
| Total Debt | 20,475.96 | 15,414.58 | 18,918.28 | 16,455.91 | 11,445.30 |
| Deferred Income Tax – Long Term Liability | 710 | 703 | 1,112.00 | 165 | -- |
| Deferred Income Tax | 710 | 703 | 1,112.00 | 165 | -- |
| Minority Interest | 92.27 | 86.31 | 88.33 | 43.1 | 39.14 |
| Pension Benefits - Underfunded | 4,557.23 | 3,301.00 | 2,425.00 | 2,394.00 | 2,713.00 |
| Other Long Term Liabilities | 3,789.00 | 4,226.70 | 4,485.77 | 2,519.44 | 1,882.28 |
| Other Liabilities, Total | 8,346.23 | 7,527.70 | 6,910.77 | 4,913.44 | 4,595.28 |
| Total Liabilities | 40,513.98 | 35,837.06 | 37,897.05 | 29,437.33 | 24,939.65 |
| Preferred Stock - Non Redeemable | 0 | -- | -- | -- | -- |
| Preferred Stock - Non Redeemable, Net | 0 | -- | -- | -- | -- |
| Common Stock | 11,754.55 | 9,817.13 | 8,744.70 | 8,257.87 | 7,444.41 |
| Common Stock, Total | 11,754.55 | 9,817.13 | 8,744.70 | 8,257.87 | 7,444.41 |
| Retained Earnings (Accumulated Deficit) | 24,151.00 | 20,907.36 | 19,215.77 | 17,342.69 | 13,825.38 |
| Treasury Stock - Common | -5,590.91 | -3,687.48 | -3,916.82 | -3,310.35 | -2,626.40 |
| Other Comprehensive Income | -3,593.68 | -2,597.19 | -1,366.85 | 854.07 | -1,163.84 |
| Other Equity, Total | -3,593.68 | -2,597.19 | -1,366.85 | 854.07 | -1,163.84 |
| Total Equity | 26,720.96 | 24,439.83 | 22,676.80 | 23,144.29 | 17,479.55 |
| Total Liabilities & Shareholders' Equity | 67,234.94 | 60,276.89 | 60,573.85 | 52,581.62 | 42,419.20 |
| Shares Outstanding - Common Stock Primary Issue | 1,576.67 | 1,570.38 | 1,546.98 | 1,551.17 | 1,552.43 |
| Total Common Shares Outstanding | 1,576.67 | 1,570.38 | 1,546.98 | 1,551.17 | 1,552.43 |
| Treasury Shares - Common Stock Primary Issue | 99.26 | 68.49 | 72.71 | 61.52 | 49.15 |
| Employees | 91,000.00 | 91,000.00 | 90,000.00 | 73,000.00 | 69,000.00 |
| Number of Common Shareholders | 60,476.00 | 62,939.00 | 64,413.00 | 67,461.00 | 69,733.00 |
| Accumulated Intangible Amortization | 9,700.00 | 8,300.00 | 6,500.00 | 5,100.00 | 4,200.00 |
| Total Current Assets less Inventory | 27,530.27 | 20,484.53 | 19,128.80 | 20,049.01 | 14,266.71 |
| Quick Ratio | 2.07 | 1.32 | 1.11 | 1.54 | 1.23 |
| Current Ratio | 2.36 | 1.54 | 1.29 | 1.79 | 1.47 |
| Net Debt | 5,394.25 | 7,403.53 | 13,555.16 | 6,566.97 | 6,404.82 |
| Tangible Book Value | 2,358.55 | -1,255.18 | -5,404.90 | 3,652.13 | 2,341.08 |
| Tangible Book Value per Share | 1.5 | -0.8 | -3.49 | 2.35 | 1.51 |
| Total Long Term Debt, Supplemental | -- | 12,385.00 | -- | -- | 9,525.00 |
| Long Term Debt Maturing within 1 Year | -- | 1,000.00 | -- | -- | 1,000.00 |
| Long Term Debt Maturing in Year 2 | -- | 330 | -- | -- | 160 |
| Long Term Debt Maturing in Year 3 | -- | 505 | -- | -- | 2,000.00 |
| Long Term Debt Maturing in Year 4 | -- | 750 | -- | -- | 1,000.00 |
| Long Term Debt Maturing in Year 5 | -- | 2,000.00 | -- | -- | 265 |
| Long Term Debt Maturing in 2-3 Years | -- | 835 | -- | -- | 2,160.00 |
| Long Term Debt Maturing in 4-5 Years | -- | 2,750.00 | -- | -- | 1,265.00 |
| Long Term Debt Maturing in Year 6 & Beyond | -- | 7,800.00 | -- | -- | 5,100.00 |
| Total Capital Leases, Supplemental | 92 | 85 | -- | -- | 93 |
| Capital Lease Payments Due in Year 1 | 31 | 28 | -- | -- | 31 |
| Capital Lease Payments Due in Year 2 | 30.5 | 28.5 | -- | -- | 31 |
| Capital Lease Payments Due in Year 3 | 30.5 | 28.5 | -- | -- | 31 |
| Capital Lease Payments Due in Year 4 | 0 | 0 | -- | -- | 0 |
| Capital Lease Payments Due in Year 5 | 0 | 0 | -- | -- | 0 |
| Capital Lease Payments Due in 2-3 Years | 61 | 57 | -- | -- | 62 |
| Capital Lease Payments Due in 4-5 Years | 0 | 0 | -- | -- | 0 |
| Capital Lease Payments Due in Year 6 & Beyond | 0 | 0 | -- | -- | 0 |
| Total Operating Leases, Supplemental | 795 | 509 | -- | -- | 52.02 |
| Operating Lease Payments Due in Year 1 | 146 | 112 | -- | -- | 12.74 |
| Operating Lease Payments Due in Year 2 | 117 | 80.5 | -- | -- | 11.53 |
| Operating Lease Payments Due in Year 3 | 117 | 80.5 | -- | -- | 10.63 |
| Operating Lease Payments Due in Year 4 | 85 | 51.5 | -- | -- | 9.11 |
| Operating Lease Payments Due in Year 5 | 85 | 51.5 | -- | -- | -- |
| Operating Lease Payments Due in 2-3 Years | 234 | 161 | -- | -- | 22.16 |
| Operating Lease Payments Due in 4-5 Years | 170 | 103 | -- | -- | 9.11 |
| Operating Lease Payments Due in Year 6 & Beyond | 245 | 133 | -- | -- | 8.01 |
| Pension Obligation - Domestic | 11,004.00 | 8,963.00 | 8,606.00 | 6,852.00 | 5,541.00 |
| Post-Retirement Obligation | 1,889.00 | 1,657.00 | 1,673.00 | 1,705.00 | 1,443.00 |
| Plan Assets - Domestic | 7,949.00 | 6,961.00 | 7,451.00 | 5,812.00 | 3,997.00 |
| Plan Assets - Post-Retirement | 417 | 389 | 396 | 341 | 266 |
| Funded Status - Domestic | -3,055.00 | -2,002.00 | -1,155.00 | -1,040.00 | -1,544.00 |
| Funded Status - Post-Retirement | -1,472.00 | -1,268.00 | -1,277.00 | -1,364.00 | -1,177.00 |
| Accumulated Obligation - Domestic | 9,400.00 | 7,700.00 | 7,500.00 | 5,800.00 | 4,700.00 |
| Accumulated Obligation - Post-Retirement | 1,889.00 | 1,657.00 | 1,673.00 | 1,705.00 | 1,443.00 |
| Total Funded Status | -4,527.00 | -3,270.00 | -2,432.00 | -2,404.00 | -2,721.00 |
| Discount Rate - Domestic | 5 | 5 | 5.4 | 5.8 | 6.7 |
| Discount Rate - Post-Retirement | 5 | 5.4 | 5.8 | 6.7 | 6.2 |
| Compensation Rate - Domestic | 5.3 | 5.3 | 5.1 | 5.2 | 4.3 |
| Compensation Rate - Post-Retirement | 5.3 | 5.1 | 4.9 | 4.3 | 4.2 |
| Accrued Liabilities - Domestic | -3,125.47 | -3,336.00 | -2,459.00 | -2,425.00 | -2,737.00 |
| Other Assets, Net - Domestic | 4,882.00 | 3,913.00 | 2,936.00 | 2,754.00 | 2,608.00 |
| Other Assets, Net - Post-Retirement | 379 | 237 | 307 | 501 | 381 |
| Net Assets Recognized on Balance Sheet | 2,135.53 | 814 | 784 | 830 | 252 |
| Equity % - Domestic | -- | -- | -- | -- | 58 |
| Debt Securities % - Domestic | -- | -- | -- | -- | 30 |
| Other Investments % - Domestic | -- | -- | -- | -- | 12 |
| Total Plan Obligations | 12,893.00 | 10,620.00 | 10,279.00 | 8,557.00 | 6,984.00 |
| Total Plan Assets | 8,366.00 | 7,350.00 | 7,847.00 | 6,153.00 | 4,263.00 |
| Number of Products in Phase I | -- | 3 | -- | -- | -- |
| Number of Products in Phase II | 1 | 3 | -- | -- | -- |
| Number of Products in Phase III | -- | 4 | -- | -- | 3 |
| Number of Products in Pre-Registration | 1 | -- | -- | -- | -- |
Income Statement
| Abbott | http://www.abbottinvestor.com/phoenix.zhtml?c=94004&p=irol-fundIncomeA | ||||
| Annual Income Statement | |||||
| Period Ended | 12/31/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 |
| Restated | Update | Update | Update | Update | |
| 7/17/13 | 4/30/13 | 4/30/13 | 4/30/13 | 4/30/13 | |
| In millions of USD | |||||
| (except for per share items) | |||||
| Net Sales | 21,494.00 | 38,851.26 | 35,166.72 | 30,764.71 | 29,527.55 |
| Revenue | 21,494.00 | 38,851.26 | 35,166.72 | 30,764.71 | 29,527.55 |
| Total Revenue | 21,494.00 | 38,851.26 | 35,166.72 | 30,764.71 | 29,527.55 |
| Cost of Revenue | 9,580.00 | 15,540.58 | 14,665.19 | 13,209.33 | 12,612.02 |
| Cost of Revenue, Total | 9,580.00 | 15,540.58 | 14,665.19 | 13,209.33 | 12,612.02 |
| Gross Profit | 11,914.00 | 23,310.68 | 20,501.53 | 17,555.38 | 16,915.53 |
| Selling / General / Administrative Expense | 6,729.00 | 12,562.82 | 10,320.32 | 8,202.90 | 8,399.62 |
| Selling / General / Administrative Expenses, Total | 6,729.00 | 12,562.82 | 10,320.32 | 8,202.90 | 8,399.62 |
| Research & Development | 1,459.00 | 4,129.41 | 3,724.42 | 2,743.73 | 2,688.81 |
| Amortization of Intangibles | 795 | -- | -- | -- | -- |
| Depreciation / Amortization | 795 | -- | -- | -- | -- |
| Purchased R&D Written-Off | 0 | 672.5 | 313.2 | 170 | 97.26 |
| Restructuring Charge | -- | 194 | 56 | 114 | 36 |
| Litigation | -- | -- | -- | -287 | -- |
| Other Unusual Expense (Income) | 2,579.00 | 0 | -- | -708 | -94 |
| Unusual Expense (Income) | 2,579.00 | 866.5 | 369.2 | -711 | 39.26 |
| Total Operating Expense | 21,142.00 | 33,099.31 | 29,079.14 | 23,444.97 | 23,739.71 |
| Operating Income | 352 | 5,751.95 | 6,087.58 | 7,319.74 | 5,787.84 |
| Interest Expense - Non-Operating | -- | -530.14 | -553.14 | -519.66 | -528.47 |
| Interest Expense, Net Non-Operating | -- | -530.14 | -553.14 | -519.66 | -528.47 |
| Interest Income - Non-Operating | -- | 85.2 | 105.45 | 137.78 | 201.23 |
| Investment Income - Non-Operating | 25 | 50.27 | 10.92 | -35.58 | 34.75 |
| Interest / Investment Income, Non-Operating | 25 | 135.47 | 116.38 | 102.2 | 235.98 |
| Interest Income (Expense), Net Non-Operating | -107 | -- | -- | -- | -- |
| Interest Income (Expense), Net-Non-Operating, Total | -82 | -394.67 | -436.76 | -417.46 | -292.49 |
| Other Non-Operating Income (Expense) | 35 | -158.63 | 62.01 | 291.49 | 360.94 |
| Other, Net | 35 | -158.63 | 62.01 | 291.49 | 360.94 |
| Net Income Before Taxes | 305 | 5,198.64 | 5,712.83 | 7,193.77 | 5,856.29 |
| Provision for Income Taxes | -274 | 470.19 | 1,086.66 | 1,447.94 | 1,122.07 |
| Net Income After Taxes | 579 | 4,728.45 | 4,626.17 | 5,745.84 | 4,734.22 |
| Net Income Before Extraordinary Items | 579 | 4,728.45 | 4,626.17 | 5,745.84 | 4,734.22 |
| Discontinued Operations | 5,384.00 | -- | 0 | 0 | 146.5 |
| Total Extraordinary Items | 5,384.00 | -- | 0 | 0 | 146.5 |
| Net Income | 5,963.00 | 4,728.45 | 4,626.17 | 5,745.84 | 4,880.72 |
| Income Available to Common Excluding Extraordinary Items | 579 | 4,728.45 | 4,626.17 | 5,745.84 | 4,734.22 |
| Income Available to Common Stocks Including Extraordinary Items | 5,963.00 | 4,728.45 | 4,626.17 | 5,745.84 | 4,880.72 |
| Basic Weighted Average Shares | 1,575.38 | 1,557.64 | 1,546.40 | 1,546.98 | 1,545.36 |
| Basic EPS Excluding Extraordinary Items | 0.37 | 3.04 | 2.99 | 3.71 | 3.06 |
| Basic EPS Including Extraordinary Items | 3.79 | 3.04 | 2.99 | 3.71 | 3.16 |
| Diluted Net Income | 5,963.00 | 4,728.45 | 4,626.17 | 5,745.84 | 4,880.72 |
| Diluted Weighted Average Shares | 1,591.84 | 1,567.39 | 1,556.02 | 1,555.13 | 1,560.75 |
| Diluted EPS Excluding Extraordinary Items | 0.36 | 3.02 | 2.97 | 3.69 | 3.03 |
| Diluted EPS Including Extraordinary Items | 3.75 | 3.02 | 2.97 | 3.69 | 3.13 |
| DPS - Common Stock Primary Issue | 1.67 | 1.92 | 1.76 | 1.6 | 1.44 |
| Gross Dividends - Common Stock | 2,649.87 | 3,011.63 | 2,731.58 | 2,476.04 | 2,228.78 |
| Stock-Based Compensation, Supplemental | -- | 382.6 | 387.18 | 366.36 | 347.02 |
| Interest Expense, Supplemental | -- | 530.14 | 553.14 | 519.66 | 528.47 |
| Interest Capitalized, Supplemental | -- | -20 | -20 | -23 | -17 |
| Depreciation, Supplemental | -- | 1,395.37 | 1,207.45 | 1,210.98 | 1,051.73 |
| Impairment-Assets Held for Sale, Supplemental | -- | 76 | 158 | -- | -- |
| Litigation Charge, Supplemental | -- | 1,534.00 | 106 | -- | -- |
| Restructuring Charge, Supplemental | -- | 110 | -- | 54 | 145 |
| Other Unusual Expense (Income), Supplemental | -795 | 652 | 1,298.00 | 645 | -- |
| Non-Recurring Items, Total | -795 | 2,372.00 | 1,562.00 | 699 | 145 |
| Total Special Items | 1,784.00 | 3,238.50 | 1,931.20 | -12 | 184.26 |
| Normalized Income Before Taxes | 2,089.00 | 8,437.14 | 7,644.03 | 7,181.77 | 6,040.54 |
| Effect of Special Items on Income Taxes | -1,187.00 | 580 | 0 | -277 | 16.67 |
| Income Taxes Excluding Impact of Special Items | -1,461.00 | 1,050.19 | 1,086.66 | 1,170.94 | 1,138.74 |
| Normalized Income After Taxes | 3,550.00 | 7,386.95 | 6,557.37 | 6,010.84 | 4,901.80 |
| Normalized Income Available to Common | 3,550.00 | 7,386.95 | 6,557.37 | 6,010.84 | 4,901.80 |
| Basic Normalized EPS | 2.25 | 4.74 | 4.24 | 3.89 | 3.17 |
| Diluted Normalized EPS | 2.23 | 4.71 | 4.21 | 3.87 | 3.14 |
| Amortization of Intangibles, Supplemental | 0 | 1,648.52 | 1,416.86 | 878.53 | 787.1 |
| Rental Expense, Supplemental | -- | -- | -- | -- | 1.81 |
| Advertising Expense, Supplemental | -- | -- | -- | -- | 38.74 |
| Equity in Affiliates, Supplemental | -- | -- | 0 | 0 | 119 |
| Research & Development Expense, Supplemental | 1,459.00 | 4,129.41 | 3,724.42 | 2,743.73 | 2,688.81 |
| Audit Fees | 17.98 | 17.47 | 18.38 | 14.74 | 16 |
| Audit-Related Fees | 9.08 | 0.96 | 0.06 | 0.13 | 0.16 |
| Tax Fees | 0.19 | 0.74 | 0.62 | 0.57 | 0.99 |
| All Other Fees | 1.15 | 0.36 | 0 | 0 | 0 |
| Gross Margin | 55.43 | 60 | 58.3 | 57.06 | 57.29 |
| Operating Margin | 1.64 | 14.81 | 17.31 | 23.79 | 19.6 |
| Pretax Margin | 1.42 | 13.38 | 16.25 | 23.38 | 19.83 |
| Effective Tax Rate | -89.84 | 9.04 | 19.02 | 20.13 | 19.16 |
| Net Profit Margin | 2.69 | 12.17 | 13.15 | 18.68 | 16.03 |
| Normalized EBIT | 2,136.00 | 8,990.45 | 8,018.78 | 7,307.74 | 5,972.10 |
| Normalized EBITDA | 2,136.00 | 12,034.34 | 10,643.09 | 9,397.25 | 7,810.92 |
| Current Tax - Domestic | -- | -586 | 1,462.00 | 194 | 1,188.00 |
| Current Tax - Foreign | -- | 1,187.00 | 835 | 521 | 782 |
| Current Tax - Total | -- | 601 | 2,297.00 | 715 | 1,970.00 |
| Deferred Tax - Domestic | -- | 162 | -1,068.00 | 905 | -845 |
| Deferred Tax - Foreign | -- | -293 | -142 | -172 | -3 |
| Deferred Tax - Total | -- | -131 | -1,210.00 | 733 | -848 |
| Other Tax | -- | 0.19 | -0.34 | -0.06 | 0.07 |
| Income Tax - Total | -- | 470.19 | 1,086.66 | 1,447.94 | 1,122.07 |
| Interest Cost - Domestic | -- | 446 | 421 | 368 | 353 |
| Service Cost - Domestic | -- | 332 | 288 | 221 | 233 |
| Prior Service Cost - Domestic | -- | 4 | 4 | 4 | 4 |
| Expected Return on Assets - Domestic | -- | -608 | -571 | -506 | -487 |
| Actuarial Gains and Losses - Domestic | -- | 163 | 136 | 52 | 34 |
| Curtailments & Settlements - Domestic | -- | 40 | -- | -- | -- |
| Domestic Pension Plan Expense | -- | 377 | 278 | 139 | 137 |
| Interest Cost - Post-Retirement | -- | 88 | 101 | 94 | 92 |
| Service Cost - Post-Retirement | -- | 55 | 60 | 45 | 43 |
| Prior Service Cost - Post-Retirement | -- | -42 | -22 | -22 | -21 |
| Expected Return on Assets - Post-Retirement | -- | -34 | -31 | -24 | -33 |
| Actuarial Gains and Losses - Post-Retirement | -- | 38 | 38 | 30 | 29 |
| Post-Retirement Plan Expense | -- | 105 | 146 | 123 | 110 |
| Defined Contribution Expense - Domestic | -- | -- | 147 | 137 | 129 |
| Total Pension Expense | -- | 482 | 571 | 399 | 376 |
| Discount Rate - Domestic | -- | 5.4 | 5.8 | 6.7 | 6.2 |
| Discount Rate - Post-Retirement | -- | -- | -- | -- | 6.2 |
| Expected Rate of Return - Domestic | -- | 7.8 | 7.8 | 8.2 | 8.4 |
| Expected Rate of Return - Post-Retirement | -- | -- | -- | -- | 8.4 |
| Compensation Rate - Domestic | -- | 5.1 | 4.9 | 4.3 | 4.2 |
| Compensation Rate - Post-Retirement | -- | -- | -- | -- | 4.2 |
| Total Plan Interest Cost | -- | 534 | 522 | 462 | 445 |
| Total Plan Service Cost | -- | 387 | 348 | 266 | 276 |
| Total Plan Expected Return | -- | -642 | -602 | -530 | -520 |
Cash Flow
| Abbott | http://www.abbottinvestor.com/phoenix.zhtml?c=94004&p=irol-fundCashFlowA | ||||
| Annual Cash Flow Statement | |||||
| Period Ended | 12/31/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 |
| Update | Update | Update | Update | Update | |
| 4/30/13 | 3/5/13 | 3/5/13 | 3/5/13 | 3/5/13 | |
| In millions of USD | |||||
| (except for per share items) | |||||
| Net Income / Starting Line | 5,962.92 | 4,728.45 | 4,626.17 | 5,745.84 | 4,880.72 |
| Depreciation | 1,363.67 | 1,395.37 | 1,207.45 | 1,210.98 | 1,051.73 |
| Depreciation / Depletion | 1,363.67 | 1,395.37 | 1,207.45 | 1,210.98 | 1,051.73 |
| Amortization of Intangibles | 1,419.53 | 1,648.52 | 1,416.86 | 878.53 | 787.1 |
| Amortization | 1,419.53 | 1,648.52 | 1,416.86 | 878.53 | 787.1 |
| Discontinued Operations | -- | -- | 0 | 0 | 203.07 |
| Unusual Items | 1,350.97 | 0 | 0 | -797.13 | -94.25 |
| Purchased R&D | 288 | 672.5 | 313.2 | 170 | 97.26 |
| Other Non-Cash Items | 789.13 | 524.17 | 513.52 | 408.32 | 458.25 |
| Non-Cash Items | 2,428.11 | 1,196.67 | 826.72 | -218.81 | 664.33 |
| Accounts Receivable | 36 | -670.15 | -394.67 | -387.75 | -948.31 |
| Inventories | -417.05 | -129.62 | 139.86 | 230.56 | -257.48 |
| Prepaid Expenses | -35.3 | 413.27 | 553.15 | -386.89 | 436.22 |
| Payable / Accrued | -134.21 | 1,789.65 | 572.53 | -374.72 | 569.06 |
| Taxes Payable | -1,309.27 | -1,402.08 | -212.09 | 577.42 | 160.83 |
| Changes in Working Capital | -1,859.83 | 1.07 | 658.78 | -341.38 | -39.69 |
| Cash from Operating Activities | 9,314.40 | 8,970.08 | 8,735.98 | 7,275.16 | 7,344.19 |
| Purchase of Fixed Assets | -1,795.29 | -1,491.50 | -1,015.08 | -1,089.05 | -1,287.72 |
| Capital Expenditures | -1,795.29 | -1,491.50 | -1,015.08 | -1,089.05 | -1,287.72 |
| Acquisition of Business | -1,227.47 | -672.5 | -9,433.24 | -2,370.63 | -250 |
| Sale / Maturity of Investment | 8,936.41 | 5,648.72 | 954.36 | 16.31 | 449.23 |
| Purchase of Investments | -11,997.65 | -5,109.99 | -805.93 | -248.97 | -923.94 |
| Other Investing Cash Flow | 2.72 | 1,886.10 | -1,888.43 | -6.37 | -75.06 |
| Other Investing Cash Flow Items, Total | -4,286.00 | 1,752.33 | -11,173.24 | -2,609.66 | -799.77 |
| Cash from Investing Activities | -6,081.29 | 260.83 | -12,188.32 | -3,698.71 | -2,087.49 |
| Cash Dividends Paid - Common | -3,182.81 | -2,938.10 | -2,671.48 | -2,414.46 | -2,174.25 |
| Total Cash Dividends Paid | -3,182.81 | -2,938.10 | -2,671.48 | -2,414.46 | -2,174.25 |
| Repurchase / Retirement of Common | -2,364.24 | -77.01 | -866.83 | -826.35 | -1,081.81 |
| Common Stock, Net | -2,364.24 | -77.01 | -866.83 | -826.35 | -1,081.81 |
| Options Exercised | 1,850.45 | 968.76 | 328.41 | 508.67 | 1,008.84 |
| Issuance (Retirement) of Stock, Net | -513.79 | 891.75 | -538.41 | -317.68 | -72.96 |
| Short Term Debt, Net | 783.87 | -1,964.69 | -203.85 | 3,217.33 | -324.74 |
| Long Term Debt Issued | 14,700.00 | 1,000.00 | 4,000.00 | 3,000.00 | 0 |
| Long Term Debt Reduction | -11,071.18 | -3,012.43 | -1,674.00 | -2,483.18 | -913.95 |
| Long Term Debt, Net | 3,628.82 | -2,012.43 | 2,326.00 | 516.82 | -913.95 |
| Issuance (Retirement) of Debt, Net | 4,412.69 | -3,977.11 | 2,122.15 | 3,734.16 | -1,238.69 |
| Cash from Financing Activities | 716.09 | -6,023.46 | -1,087.74 | 1,002.02 | -3,485.90 |
| Foreign Exchange Effects | 40.14 | -43.01 | -620.89 | 118.85 | -115.16 |
| Net Change in Cash | 3,989.34 | 3,164.45 | -5,160.97 | 4,697.32 | 1,655.64 |
| Net Cash - Beginning Balance | 6,812.82 | 3,648.37 | 8,809.34 | 4,112.02 | 2,456.38 |
| Net Cash - Ending Balance | 10,802.16 | 6,812.82 | 3,648.37 | 8,809.34 | 4,112.02 |
| Cash Interest Paid | 575.9 | 544.56 | 580.17 | 514.33 | 561 |
| Cash Taxes Paid | 1,366.58 | 1,781.60 | 809.71 | 635.45 | 772 |
Ratio Analysis
| Abbott | http://www.abbottinvestor.com/phoenix.zhtml?c=94004&p=irol-fundRatios |
| Ratio Analysis | |
| Valuation | |
| P/E (TTM) | 69.45 |
| Price to Revenue (TTM) | 2.64 |
| Price to Cash Flow (TTM) | 20.45 |
| Price to Book (MRQ) | -- |
| Per Share | |
| Revenue/Share (TTM) | 13.75 |
| EPS Fully Diluted (TTM) | 0.53 |
| Dividend/Share (TTM) | 0.93 |
| Book Value/Share (MRQ) | -- |
| Cash Flow/Share (TTM) | 1.78 |
| Cash (MRQ) | -- |
| Profitability | |
| Operating Margin (TTM) (%) | 2.72 |
| Net Profit Margin (TTM) (%) | 3.86 |
| Gross Margin (TTM) (%) | 54.51 |
| Growth | |
| 5 Year Annual Growth (%) | -4.06 |
| 5 Year Annual Revenue Growth Rate (%) | -3.67 |
| 5 Year Annual Dividend Growth Rate (%) | 5.14 |
| 5 Year EPS Growth (%) | -30.92 |
| Financial Strength | |
| Quick Ratio (MRQ) | -- |
| Current Ratio (MRQ) | -- |
| LT Debt to Equity (MRQ) (%) | -- |
| Total Debt to Equity (MRQ) (%) | -- |
| Management Effectiveness | |
| Return on Equity (TTM) (%) | -- |
| Return on Assets (TTM) (%) | -- |
| Return on Investment (TTM) (%) | -- |
| Efficiency | |
| Asset Turnover (TTM) | -- |
| Inventory Turnover (TTM) | -- |
| FY = Fiscal Year MRQ = Most Recent Quarter | |
| mil = Millions TTM = Trailing Twelve Months |
