Consolidated Income Statements

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

2012

2011

2010

See accompanying Notes to the Consolidated Financial Statements

Sales of products

32,979

31,875

26,291

Sales of services

6,357

6,115

5,298

Total revenues

39,336

37,990

31,589

Cost of products

(23,838)

(22,649)

(18,607)

Cost of services

(4,120)

(3,907)

(3,453)

Total cost of sales

(27,958)

(26,556)

(22,060)

Gross profit

11,378

11,434

9,529

Selling, general and administrative expenses

(5,756)

(5,373)

(4,615)

Non-order related research and development expenses

(1,464)

(1,371)

(1,082)

Other income (expense), net

(100)

(23)

(14)

Earnings before interest and taxes

4,058

4,667

3,818

Interest and dividend income

73

90

95

Interest and other finance expense

(293)

(207)

(173)

Income from continuing operations before taxes

3,838

4,550

3,740

Provision for taxes

(1,030)

(1,244)

(1,018)

Income from continuing operations, net of tax

2,808

3,306

2,722

Income from discontinued operations, net of tax

4

9

10

Net income

2,812

3,315

2,732

Net income attributable to noncontrolling interests

(108)

(147)

(171)

Net income attributable to ABB

2,704

3,168

2,561

 

 

 

 

Amounts attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

2,700

3,159

2,551

Net income

2,704

3,168

2,561

 

 

 

 

Basic earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.18

1.38

1.12

Net income

1.18

1.38

1.12

 

 

 

 

Diluted earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.18

1.38

1.11

Net income

1.18

1.38

1.12

 

 

 

 

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

 

 

 

Basic earnings per share attributable to ABB shareholders

2,293

2,288

2,287

Diluted earnings per share attributable to ABB shareholders

2,295

2,291

2,291