10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

ABBOTT LABORATORIES

Ticker: ABT   Fiscal Year: 2016

Consolidated Statement of Earnings

Period Ending Dec 31, 2016 10-K (Filed: Feb 17, 2017)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2016Dec 31, 2015Dec 31, 2014
Net Sales
$
20,853
20,40520,247
Cost of products sold, excluding amortization of intangible assets9,0248,7479,218
Amortization of intangible assets550601555
Research and development1,4221,4051,345
Selling, general and administrative6,6726,7856,530
Total Operating Cost and Expenses17,66817,53817,648
 
Operating Earnings3,1852,8672,599
 
Interest expense431163150
Interest income(99)(105)(77)
Net loss on extinguishment of debt18
Net foreign exchange (gain) loss495(93)(24)
Other (income) expense, net945(281)14
Earnings from Continuing Operations Before Taxes1,4133,1832,518
 
Taxes on Earnings from Continuing Operations350577797
Earnings from Continuing Operations1,0632,6061,721
 
Earnings from Discontinued Operations, net of taxes32165563
Gain on sale of Discontinued Operations, net of taxes161,752
Net Earnings from Discontinued Operations, net of taxes3371,817563
 
Net Earnings1,4004,4232,284
 
Basic Earnings Per Common Share --
Continuing Operations (in dollars per share)0.711.731.13
Discontinued Operations (in dollars per share)0.231.210.37
Net Earnings (in dollars per share)0.942.941.50
 
Diluted Earnings Per Common Share --
Continuing Operations (in dollars per share)0.711.721.12
Discontinued Operations (in dollars per share)0.231.200.37
Net Earnings (in dollars per share)0.942.921.49
 
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares)1,4771,4961,516
Dilutive Common Stock Options (in shares)61011
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares)1,4831,5061,527
 
Outstanding Common Stock Options Having No Dilutive Effect (in shares)511
External Links 
ABBOTT LABORATORIES (ABT) Fiscal Year 2016
Statements of 10-K in Excel https://www.sec.gov/.../Financial.xlxs
Complete 10-K in HTML https://www.sec.gov/.../10-K.html
Complete 10-K in XBRL https://www.sec.gov/.../10-K-xbrl.zip