Consolidated Income Statements

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

2014

2013

2012

See accompanying Notes to the Consolidated Financial Statements

Sales of products

33,279

35,282

32,979

Sales of services

6,551

6,566

6,357

Total revenues

39,830

41,848

39,336

Cost of products

(24,506)

(25,728)

(23,838)

Cost of services

(4,109)

(4,128)

(4,120)

Total cost of sales

(28,615)

(29,856)

(27,958)

Gross profit

11,215

11,992

11,378

Selling, general and administrative expenses

(6,067)

(6,094)

(5,756)

Non-order related research and development expenses

(1,499)

(1,470)

(1,464)

Other income (expense), net

529

(41)

(100)

Income from operations

4,178

4,387

4,058

Interest and dividend income

80

69

73

Interest and other finance expense

(362)

(390)

(293)

Income from continuing operations before taxes

3,896

4,066

3,838

Provision for taxes

(1,202)

(1,122)

(1,030)

Income from continuing operations, net of tax

2,694

2,944

2,808

Income (loss) from discontinued operations, net of tax

24

(37)

4

Net income

2,718

2,907

2,812

Net income attributable to noncontrolling interests

(124)

(120)

(108)

Net income attributable to ABB

2,594

2,787

2,704

 

 

 

 

Amounts attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

2,570

2,824

2,700

Net income

2,594

2,787

2,704

 

 

 

 

Basic earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.12

1.23

1.18

Net income

1.13

1.21

1.18

 

 

 

 

Diluted earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.12

1.23

1.18

Net income

1.13

1.21

1.18

 

 

 

 

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

 

 

 

Basic earnings per share attributable to ABB shareholders

2,288

2,297

2,293

Diluted earnings per share attributable to ABB shareholders

2,295

2,305

2,295