$ABT
ABBOTT LABORATORIES Stock $abt

$abt Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000162828024020011 Filed on May 02, 2024

Income Statement

Concept	2024 Q1
Revenue	$9.964B
YoY Change	2.23%
Cost Of Revenue	$4.463B
YoY Change	3.05%
Gross Profit	$5.501B
YoY Change	1.57%
Gross Profit Margin	55.21%
Selling, General & Admin	$2.925B
YoY Change	5.98%
% of Gross Profit	53.17%
Research & Development	$663.0M
YoY Change	5.57%
% of Gross Profit	12.05%
Depreciation & Amortization	$472.0M
YoY Change	-3.87%
% of Gross Profit	8.58%
Operating Expenses	$4.060B
YoY Change	4.67%
Operating Profit	$1.441B
YoY Change	-6.25%
Interest Expense	-$61.00M
YoY Change	5.17%
% of Operating Profit	-4.23%
Other Income/Expense, Net	$85.00M
YoY Change	-23.42%
Pretax Income	$1.436B
YoY Change	-8.07%
Income Tax	$211.0M
% Of Pretax Income	14.69%
Net Earnings	$1.225B
YoY Change	-7.06%
Net Earnings / Revenue	12.29%
Basic Earnings Per Share	$0.70
Diluted Earnings Per Share	$0.70
COMMON SHARES
Basic Shares Outstanding	1.735B shares
Diluted Shares Outstanding	1.750B shares

Balance Sheet

Concept	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.651B
YoY Change	-30.22%
Cash & Equivalents	$6.284B
Short-Term Investments	$367.0M
Other Short-Term Assets	$2.293B
YoY Change	6.55%
Inventory	$6.827B
Prepaid Expenses
Receivables	$6.605B
Other Receivables	$0.00
Total Short-Term Assets	$22.38B
YoY Change	-8.21%
LONG-TERM ASSETS
Property, Plant & Equipment	$10.11B
YoY Change	8.89%
Goodwill	$23.40B
YoY Change	2.18%
Intangibles	$8.296B
YoY Change	-17.09%
Long-Term Investments	$154.0M
YoY Change	-4.94%
Other Assets	$7.487B
YoY Change	16.51%
Total Long-Term Assets	$50.09B
YoY Change	1.36%
TOTAL ASSETS
Total Short-Term Assets	$22.38B
Total Long-Term Assets	$50.09B
Total Assets	$72.47B
YoY Change	-1.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.178B
YoY Change	0.26%
Accrued Expenses	$6.312B
YoY Change	-7.93%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00
YoY Change
Long-Term Debt Due	$2.010B
YoY Change	-12.04%
Total Short-Term Liabilities	$14.02B
YoY Change	-3.5%
LONG-TERM LIABILITIES
Long-Term Debt	$12.58B
YoY Change	-13.95%
Other Long-Term Liabilities	$6.827B
YoY Change	-7.95%
Total Long-Term Liabilities	$12.58B
YoY Change	-13.95%
TOTAL LIABILITIES
Total Short-Term Liabilities	$14.02B
Total Long-Term Liabilities	$12.58B
Total Liabilities	$26.60B
YoY Change	-8.74%
SHAREHOLDERS EQUITY
Retained Earnings	$38.01B
YoY Change	5.97%
Common Stock	$24.73B
YoY Change	0.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$38.81B
YoY Change
Total Liabilities & Shareholders Equity	$72.47B
YoY Change	-1.8%

Cashflow Statement

Concept	2024 Q1
OPERATING ACTIVITIES
Net Income	$1.225B
YoY Change	-7.06%
Depreciation, Depletion And Amortization	$472.0M
YoY Change	-3.87%
Cash From Operating Activities	$1.025B
YoY Change	-10.32%
INVESTING ACTIVITIES
Capital Expenditures	$398.0M
YoY Change	4.74%
Acquisitions
YoY Change
Other Investing Activities	-$1.000M
YoY Change	-75.0%
Cash From Investing Activities	-$425.0M
YoY Change	-8.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$1.176B
YoY Change	-16.6%
NET CHANGE
Cash From Operating Activities	$1.025B
Cash From Investing Activities	-$425.0M
Cash From Financing Activities	-$1.176B
Net Change In Cash	-$612.0M
YoY Change	-15.12%
FREE CASH FLOW
Cash From Operating Activities	$1.025B
Capital Expenditures	$398.0M
Free Cash Flow	$627.0M
YoY Change	-17.82%

Facts In Submission

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CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Amendment Flag AmendmentFlag	false
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CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	4331000000	usd
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CY2024Q1	us-gaap	Interest Expense InterestExpense	141000000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	153000000	usd
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CY2023Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	101000000	usd
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CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	111000000	usd
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CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.75
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CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.75
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1740203000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1741738000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	9449000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	9977000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1749652000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1751715000	shares
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	6892000	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7332000	shares
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CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	226000000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	540000000	usd
CY2024Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	134000000	usd
CY2023Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	62000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-425000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-462000000	usd
CY2024Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-127000000	usd
CY2023Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-42000000	usd
CY2024Q1	abt	Contract With Customer Liability Change In Unearned Revenue From Cash Received Recognized ContractWithCustomerLiabilityChangeInUnearnedRevenueFromCashReceivedRecognized	120000000	usd
CY2024Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	116000000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	549000000	usd
CY2024Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	957000000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	890000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1176000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1410000000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-36000000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	8000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-612000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-721000000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6896000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	9882000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6284000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	9161000000	usd
CY2023Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	segment
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	segment
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	9964000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	9747000000	usd
CY2024Q1	abt	Revenue Remaining Performance Obligation Expected Timing Percentage RevenueRemainingPerformanceObligationExpectedTimingPercentage	0.59
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P24M
CY2024Q1	abt	Revenue Remaining Performance Obligation Expected Timing Percentage RevenueRemainingPerformanceObligationExpectedTimingPercentage	0.16
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P12M
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	545000000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1220000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1313000000	usd
CY2024Q1	us-gaap	Payments For Other Taxes PaymentsForOtherTaxes	225000000	usd
CY2023Q1	us-gaap	Payments For Other Taxes PaymentsForOtherTaxes	122000000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	241000000	usd
CY2024Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	14000000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	8000000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	247000000	usd
CY2024Q1	us-gaap	Long Term Investments LongTermInvestments	818000000	usd
CY2023Q4	us-gaap	Long Term Investments LongTermInvestments	799000000	usd
CY2024Q1	us-gaap	Equity Method Investments EquityMethodInvestments	154000000	usd
CY2024Q1	us-gaap	Equity Securities Without Readily Determinable Fair Value Amount EquitySecuritiesWithoutReadilyDeterminableFairValueAmount	66000000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	23400000000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	23700000000	usd
CY2024Q1	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-294000000	usd
CY2024Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	27500000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	27700000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	20000000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	19700000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Foreign Currency Translation Gain Loss FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss	-38000000	usd
CY2024Q1	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	8000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	1900000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1700000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1600000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1300000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	700000000	usd
CY2024Q1	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	787000000	usd
CY2023Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	787000000	usd
CY2023Q1	us-gaap	Tax Adjustments Settlements And Unusual Provisions TaxAdjustmentsSettlementsAndUnusualProvisions	22000000	usd
CY2024Q1	us-gaap	Decrease In Unrecognized Tax Benefits Is Reasonably Possible DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible	82000000	usd
CY2024Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1340000000	usd
CY2023Q3	abt	Irs Statutory Notice Of Deficiency Claim Amount IRSStatutoryNoticeOfDeficiencyClaimAmount	417000000	usd
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	60000000	shares
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	787000000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P3Y
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	170000000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	169000000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	614000000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	745000000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	9964000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	9747000000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1436000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1562000000	usd
CY2024Q1	abt	Annual Share Based Awards Recognized In First Quarter Percent AnnualShareBasedAwardsRecognizedInFirstQuarterPercent	0.45
CY2024Q1	us-gaap	Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments	92000000	usd
CY2023Q1	us-gaap	Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments	-103000000	usd
CY2024Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	40000000	usd
CY2024Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	13000000	usd
CY2024Q1	abt	Loss Contingency Range Of Possible Loss Maximum Individual Site LossContingencyRangeOfPossibleLossMaximumIndividualSite	4000000	usd
CY2024Q1	abt	Loss Contingency Range Of Possible Loss Maximum Aggregate Sites LossContingencyRangeOfPossibleLossMaximumAggregateSites	10000000	usd
CY2024Q1	abt	Excess Tax Expense Benefit From Share Based Compensation ExcessTaxExpenseBenefitFromShareBasedCompensation	-25000000	usd
CY2023Q1	abt	Excess Tax Expense Benefit From Share Based Compensation ExcessTaxExpenseBenefitFromShareBasedCompensation	-3000000	usd
CY2024Q1	us-gaap	Tax Adjustments Settlements And Unusual Provisions TaxAdjustmentsSettlementsAndUnusualProvisions	10000000	usd
CY2023Q1	abt	Annual Share Based Awards Recognized In First Quarter Percent AnnualShareBasedAwardsRecognizedInFirstQuarterPercent	0.45

Files In Submission

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abt-20240331_htm.xml	Edgar Link	completed

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$ABT
ABBOTT LABORATORIES Stock $abt

2024 Q1 Form 10-Q Financial Statement

#000162828024020011 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABT ABBOTT LABORATORIES Stock $abt

2024 Q1 Form 10-Q Financial Statement

#000162828024020011 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABT
ABBOTT LABORATORIES Stock $abt