$ABBV
AbbVie Inc.

2013 Q2 Form 10-Q Financial Statement

#000110465913062262 Filed on August 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $4.692B $4.493B
YoY Change 4.43% 5.12%
Cost Of Revenue $1.054B $1.073B
YoY Change -1.77% -3.07%
Gross Profit $3.638B $3.420B
YoY Change 6.37% 7.99%
Gross Profit Margin 77.54% 76.12%
Selling, General & Admin $1.406B $1.246B
YoY Change 12.84% 19.69%
% of Gross Profit 38.65% 36.43%
Research & Development $709.0M $642.0M
YoY Change 10.44% 8.81%
% of Gross Profit 19.49% 18.77%
Depreciation & Amortization $100.0M $119.0M
YoY Change -15.97% -62.58%
% of Gross Profit 2.75% 3.48%
Operating Expenses $2.115B $1.888B
YoY Change 12.02% 15.76%
Operating Profit $1.453B $1.422B
YoY Change 2.18% -7.42%
Interest Expense $79.00M $2.000M
YoY Change 3850.0% -84.62%
% of Operating Profit 5.44% 0.14%
Other Income/Expense, Net $4.000M -$11.00M
YoY Change -136.36% -375.0%
Pretax Income $1.368B $1.402B
YoY Change -2.43% 1.52%
Income Tax $300.0M $135.0M
% Of Pretax Income 21.93% 9.63%
Net Earnings $1.068B $1.267B
YoY Change -15.71% -17.73%
Net Earnings / Revenue 22.76% 28.2%
Basic Earnings Per Share $0.67 $0.80
Diluted Earnings Per Share $0.66 $0.80
COMMON SHARES
Basic Shares Outstanding 1.589B shares 1.577B shares
Diluted Shares Outstanding 1.609B shares 1.577B shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.754B $75.00M
YoY Change 11572.0%
Cash & Equivalents $8.743B $74.00M
Short-Term Investments $11.00M $0.00
Other Short-Term Assets $2.068B $2.062B
YoY Change 0.29%
Inventory $1.085B $863.0M
Prepaid Expenses
Receivables $3.755B $2.994B
Other Receivables $0.00 $0.00
Total Short-Term Assets $15.66B $5.993B
YoY Change 161.34%
LONG-TERM ASSETS
Property, Plant & Equipment $2.213B $2.092B
YoY Change 5.78%
Goodwill $6.120B
YoY Change
Intangibles $2.101B
YoY Change
Long-Term Investments $121.0M $237.0M
YoY Change -48.95%
Other Assets $1.693B $874.0M
YoY Change 93.71%
Total Long-Term Assets $12.25B $11.72B
YoY Change 4.53%
TOTAL ASSETS
Total Short-Term Assets $15.66B $5.993B
Total Long-Term Assets $12.25B $11.72B
Total Assets $27.91B $17.71B
YoY Change 57.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.332B $337.0M
YoY Change 1778.93%
Accrued Expenses $4.503B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $410.0M $0.00
YoY Change
Long-Term Debt Due $22.00M
YoY Change
Total Short-Term Liabilities $6.805B $4.840B
YoY Change 40.6%
LONG-TERM LIABILITIES
Long-Term Debt $14.33B $0.00
YoY Change
Other Long-Term Liabilities $3.221B $1.365B
YoY Change 135.97%
Total Long-Term Liabilities $17.55B $1.365B
YoY Change 1185.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.805B $4.840B
Total Long-Term Liabilities $17.55B $1.365B
Total Liabilities $24.35B $6.204B
YoY Change 292.52%
SHAREHOLDERS EQUITY
Retained Earnings $758.0M
YoY Change
Common Stock $4.074B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $121.0M
YoY Change
Treasury Stock Shares 3.131M shares
Shareholders Equity $3.558B $11.51B
YoY Change
Total Liabilities & Shareholders Equity $27.91B $17.71B
YoY Change 57.59%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $1.068B $1.267B
YoY Change -15.71% -17.73%
Depreciation, Depletion And Amortization $100.0M $119.0M
YoY Change -15.97% -62.58%
Cash From Operating Activities $2.037B $1.561B
YoY Change 30.49% -27.29%
INVESTING ACTIVITIES
Capital Expenditures -$119.0M -$94.00M
YoY Change 26.6% 3.3%
Acquisitions $134.0M
YoY Change
Other Investing Activities $352.0M -$108.0M
YoY Change -425.93% -57.48%
Cash From Investing Activities $233.0M -$202.0M
YoY Change -215.35% -41.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -500.0M -1.326B
YoY Change -62.29% -25.3%
NET CHANGE
Cash From Operating Activities 2.037B 1.561B
Cash From Investing Activities 233.0M -202.0M
Cash From Financing Activities -500.0M -1.326B
Net Change In Cash 1.770B 33.00M
YoY Change 5263.64% 22.22%
FREE CASH FLOW
Cash From Operating Activities $2.037B $1.561B
Capital Expenditures -$119.0M -$94.00M
Free Cash Flow $2.156B $1.655B
YoY Change 30.27% -26.05%

Facts In Submission

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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Current
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CY2012Q4 us-gaap Prepaid Expense And Other Assets
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CY2012Q4 us-gaap Assets Current
AssetsCurrent
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CY2012Q4 us-gaap Long Term Investments
LongTermInvestments
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CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2012Q4 us-gaap Assets
Assets
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CY2012Q4 us-gaap Short Term Borrowings
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CY2012Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
5734000000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
14630000000 USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2012Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
2239000000 USD
CY2012Q4 abbv Parent Investment Prior To Separation
ParentInvestmentPriorToSeparation
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CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
-350000000 USD
CY2012Q4 abbv Stockholders Equity Including Parent Investment Prior To Separation
StockholdersEquityIncludingParentInvestmentPriorToSeparation
3363000000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
27008000000 USD
CY2013Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1588559371 shares
CY2013Q2 us-gaap Assets Current
AssetsCurrent
15662000000 USD
CY2013Q2 us-gaap Assets
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CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2013Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2013Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
16000000 USD
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
121000000 USD
CY2013Q2 us-gaap Additional Paid In Capital Common Stock
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CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
758000000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
3558000000 USD
CY2013Q2 abbv Stockholders Equity Including Parent Investment Prior To Separation
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3558000000 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
27910000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
191000000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1278000000 USD
abbv Other Comprehensive Income Loss Separation Related Adjustments Net Of Tax
OtherComprehensiveIncomeLossSeparationRelatedAdjustmentsNetOfTax
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CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
3130647 shares
CY2013Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
134000000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1577000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1577000000 shares

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