Consolidated Income Statements

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

2015

2014

2013

See accompanying Notes to the Consolidated Financial Statements

Sales of products

29,477

33,279

35,282

Sales of services

6,004

6,551

6,566

Total revenues

35,481

39,830

41,848

Cost of products

(21,694)

(24,506)

(25,728)

Cost of services

(3,653)

(4,109)

(4,128)

Total cost of sales

(25,347)

(28,615)

(29,856)

Gross profit

10,134

11,215

11,992

Selling, general and administrative expenses

(5,574)

(6,067)

(6,094)

Non-order related research and development expenses

(1,406)

(1,499)

(1,470)

Other income (expense), net

(105)

529

(41)

Income from operations

3,049

4,178

4,387

Interest and dividend income

77

80

69

Interest and other finance expense

(286)

(362)

(390)

Income from continuing operations before taxes

2,840

3,896

4,066

Provision for taxes

(788)

(1,202)

(1,122)

Income from continuing operations, net of tax

2,052

2,694

2,944

Income (loss) from discontinued operations, net of tax

3

24

(37)

Net income

2,055

2,718

2,907

Net income attributable to noncontrolling interests

(122)

(124)

(120)

Net income attributable to ABB

1,933

2,594

2,787

 

 

 

 

Amounts attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1,930

2,570

2,824

Net income

1,933

2,594

2,787

 

 

 

 

Basic earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

0.87

1.12

1.23

Net income

0.87

1.13

1.21

 

 

 

 

Diluted earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

0.87

1.12

1.23

Net income

0.87

1.13

1.21

 

 

 

 

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

 

 

 

Basic earnings per share attributable to ABB shareholders

2,226

2,288

2,297

Diluted earnings per share attributable to ABB shareholders

2,230

2,295

2,305