Consolidated Income Statements

(XLS:)

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

2011

2010

2009

Sales of products

31,875

26,291

26,820

Sales of services

6,115

5,298

4,975

Total revenues

37,990

31,589

31,795

Cost of products

(22,649)

(18,607)

(19,057)

Cost of services

(3,907)

(3,453)

(3,413)

Total cost of sales

(26,556)

(22,060)

(22,470)

Gross profit

11,434

9,529

9,325

Selling, general and administrative expenses

(5,373)

(4,615)

(4,491)

Non-order related research and development expenses

(1,371)

(1,082)

(1,037)

Other income (expense), net

(23)

(14)

329

Earnings before interest and taxes

4,667

3,818

4,126

Interest and dividend income

90

95

121

Interest and other finance expense

(207)

(173)

(127)

Income from continuing operations before taxes

4,550

3,740

4,120

Provision for taxes

(1,244)

(1,018)

(1,001)

Income from continuing operations, net of tax

3,306

2,722

3,119

Income from discontinued operations, net of tax

9

10

17

Net income

3,315

2,732

3,136

Net income attributable to noncontrolling interests

(147)

(171)

(235)

Net income attributable to ABB

3,168

2,561

2,901

 

 

 

 

Amounts attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

3,159

2,551

2,884

Net income

3,168

2,561

2,901

 

 

 

 

Basic earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.38

1.12

1.26

Net income

1.38

1.12

1.27

 

 

 

 

Diluted earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.38

1.11

1.26

Net income

1.38

1.12

1.27

 

 

 

 

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

 

 

 

Basic earnings per share attributable to ABB shareholders

2,288

2,287

2,284

Diluted earnings per share attributable to ABB shareholders

2,291

2,291

2,288

See accompanying Notes to the Consolidated Financial Statements

Financial review

© Copyright 2012 ABB.