Consolidated Income Statements

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

2013

2012

2011

See accompanying Notes to the Consolidated Financial Statements

Sales of products

35,282

32,979

31,875

Sales of services

6,566

6,357

6,115

Total revenues

41,848

39,336

37,990

Cost of products

(25,728)

(23,838)

(22,649)

Cost of services

(4,128)

(4,120)

(3,907)

Total cost of sales

(29,856)

(27,958)

(26,556)

Gross profit

11,992

11,378

11,434

Selling, general and administrative expenses

(6,094)

(5,756)

(5,373)

Non-order related research and development expenses

(1,470)

(1,464)

(1,371)

Other income (expense), net

(41)

(100)

(23)

Income from operations

4,387

4,058

4,667

Interest and dividend income

69

73

90

Interest and other finance expense

(390)

(293)

(207)

Income from continuing operations before taxes

4,066

3,838

4,550

Provision for taxes

(1,122)

(1,030)

(1,244)

Income from continuing operations, net of tax

2,944

2,808

3,306

Income (loss) from discontinued operations, net of tax

(37)

4

9

Net income

2,907

2,812

3,315

Net income attributable to noncontrolling interests

(120)

(108)

(147)

Net income attributable to ABB

2,787

2,704

3,168

 

 

 

 

Amounts attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

2,824

2,700

3,159

Net income

2,787

2,704

3,168

 

 

 

 

Basic earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.23

1.18

1.38

Net income

1.21

1.18

1.38

 

 

 

 

Diluted earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.23

1.18

1.38

Net income

1.21

1.18

1.38

 

 

 

 

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

 

 

 

Basic earnings per share attributable to ABB shareholders

2,297

2,293

2,288

Diluted earnings per share attributable to ABB shareholders

2,305

2,295

2,291