Consolidated Income Statements

Year ended December 31
($ in millions, except per share data in $)

2018

2017

2016

Due to rounding, numbers presented may not add to the totals provided.

See accompanying Notes to the Consolidated Financial Statements.

Sales of products

22,366

20,438

20,327

Sales of services and other

5,296

4,758

4,602

Total revenues

27,662

25,196

24,929

Cost of sales of products

(15,961)

(14,485)

(14,629)

Cost of services and other

(3,157)

(2,865)

(2,767)

Total cost of sales

(19,118)

(17,350)

(17,396)

Gross profit

8,544

7,846

7,533

Selling, general and administrative expenses

(5,295)

(4,765)

(4,532)

Non-order related research and development expenses

(1,147)

(1,013)

(967)

Other income (expense), net

124

162

(105)

Income from operations

2,226

2,230

1,929

Interest and dividend income

72

73

71

Interest and other finance expense

(262)

(234)

(201)

Non-operational pension (cost) credit

83

33

(38)

Income from continuing operations before taxes

2,119

2,102

1,761

Provision for taxes

(544)

(583)

(526)

Income from continuing operations, net of tax

1,575

1,519

1,235

Income from discontinued operations, net of tax

723

846

799

Net income

2,298

2,365

2,034

Net income attributable to noncontrolling interests

(125)

(152)

(135)

Net income attributable to ABB

2,173

2,213

1,899

 

 

 

 

Amounts attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1,514

1,441

1,172

Income from discontinued operations, net of tax

659

772

727

Net income

2,173

2,213

1,899

 

 

 

 

Basic earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

0.71

0.67

0.54

Income from discontinued operations, net of tax

0.31

0.36

0.34

Net income

1.02

1.04

0.88

 

 

 

 

Diluted earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

0.71

0.67

0.54

Income from discontinued operations, net of tax

0.31

0.36

0.34

Net income

1.02

1.03

0.88

 

 

 

 

Weighted-average number of shares outstanding (in millions) used to compute:

 

 

 

Basic earnings per share attributable to ABB shareholders

2,132

2,138

2,151

Diluted earnings per share attributable to ABB shareholders

2,139

2,148

2,154