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10-Q Filing

ABBVIE INC. CIK: 1551152 Q2 2023
Filing Information
Form Type 10-Q
Accession Number 0001551152-23-000033
Period End Date 20230630
Filing Date 20230807
Fiscal Year 2023
Fiscal Period Q2
XBRL Instance abbv-20230630_htm.xml
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 4.00B shares Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 4.00B shares Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $9.20B USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $8.76B USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 1.82B shares Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 1.81B shares Point-in-time
Short-term investments ShortTermInvestments $7.00M USD Point-in-time
Treasury Stock, Common, Shares TreasuryStockCommonShares 44.59M shares Point-in-time
Treasury Stock, Common, Shares TreasuryStockCommonShares 57.13M shares Point-in-time
Short-term investments ShortTermInvestments $28.00M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $11.49B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $11.25B USD Point-in-time
Inventories InventoryNet $3.58B USD Point-in-time
Inventories InventoryNet $4.05B USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssets $4.54B USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssets $4.40B USD Point-in-time
Total current assets AssetsCurrent $28.46B USD Point-in-time
Total current assets AssetsCurrent $28.85B USD Point-in-time
Investments LongTermInvestments $288.00M USD Point-in-time
Investments LongTermInvestments $241.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.93B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.94B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $62.86B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $67.44B USD Point-in-time
Goodwill Goodwill $32.22B USD Point-in-time
Goodwill Goodwill $32.16B USD Point-in-time
Other assets OtherAssetsNoncurrent $6.20B USD Point-in-time
Other assets OtherAssetsNoncurrent $5.57B USD Point-in-time
Total assets Assets $138.81B USD Point-in-time
Total assets Assets $135.37B USD Point-in-time
Short-term borrowings ShortTermBorrowings $1.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings - USD Point-in-time
Current portion of long-term debt and finance lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $5.20B USD Point-in-time
Current portion of long-term debt and finance lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $4.13B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $27.04B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $25.40B USD Point-in-time
Total current liabilities LiabilitiesCurrent $29.54B USD Point-in-time
Total current liabilities LiabilitiesCurrent $32.24B USD Point-in-time
Long-term debt and finance lease obligations LongTermDebtAndCapitalLeaseObligations $59.13B USD Point-in-time
Long-term debt and finance lease obligations LongTermDebtAndCapitalLeaseObligations $55.81B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $2.19B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $2.12B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $30.66B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $32.29B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.01 par value, 4,000,000,000 shares authorized, 1,821,926,709 shares issued as of June 30, 2023 and 1,813,770,294 as of December 31, 2022 CommonStockValueOutstanding $18.00M USD Point-in-time
Common stock, $0.01 par value, 4,000,000,000 shares authorized, 1,821,926,709 shares issued as of June 30, 2023 and 1,813,770,294 as of December 31, 2022 CommonStockValueOutstanding $18.00M USD Point-in-time
Common stock held in treasury, at cost, 57,127,750 shares as of June 30, 2023 and 44,589,000 as of December 31, 2022 TreasuryStockValue $4.59B USD Point-in-time
Common stock held in treasury, at cost, 57,127,750 shares as of June 30, 2023 and 44,589,000 as of December 31, 2022 TreasuryStockValue $6.53B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $19.25B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $19.84B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.79B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.78B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.25B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.20B USD Point-in-time
Total stockholders' equity StockholdersEquity $17.25B USD Point-in-time
Total stockholders' equity StockholdersEquity $12.87B USD Point-in-time
Noncontrolling interest MinorityInterest $32.00M USD Point-in-time
Noncontrolling interest MinorityInterest $33.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.31B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.90B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.30B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.69B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $17.29B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $135.37B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $138.81B USD Point-in-time
Income Statement 80 line items
Line Item Tag Value Unit Period
Net revenues Revenues $13.87B USD 1 Quarter
Net revenues Revenues $28.12B USD 2 Qtrs
Net revenues Revenues $14.58B USD 1 Quarter
Net revenues Revenues $26.09B USD 2 Qtrs
Cost of products sold CostOfGoodsAndServicesSold $8.23B USD 2 Qtrs
Cost of products sold CostOfGoodsAndServicesSold $8.22B USD 2 Qtrs
Cost of products sold CostOfGoodsAndServicesSold $4.24B USD 1 Quarter
Cost of products sold CostOfGoodsAndServicesSold $4.17B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $8.54B USD 2 Qtrs
Selling, general and administrative SellingGeneralAndAdministrativeExpense $6.31B USD 2 Qtrs
Selling, general and administrative SellingGeneralAndAdministrativeExpense $5.41B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $3.27B USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $1.73B USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $1.61B USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $4.03B USD 2 Qtrs
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $3.11B USD 2 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $280.00M USD 1 Quarter
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $430.00M USD 2 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $414.00M USD 2 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $269.00M USD 1 Quarter
Other operating income OtherOperatingIncomeExpenseNet $172.00M USD 1 Quarter
Other operating income OtherOperatingIncomeExpenseNet $179.00M USD 2 Qtrs
Other operating income OtherOperatingIncomeExpenseNet $169.00M USD 1 Quarter
Other operating income OtherOperatingIncomeExpenseNet $172.00M USD 2 Qtrs
Total operating costs and expenses CostsAndExpenses $11.29B USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $20.11B USD 2 Qtrs
Total operating costs and expenses CostsAndExpenses $9.35B USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $18.81B USD 2 Qtrs
Operating earnings OperatingIncomeLoss $3.29B USD 1 Quarter
Operating earnings OperatingIncomeLoss $4.51B USD 1 Quarter
Operating earnings OperatingIncomeLoss $7.28B USD 2 Qtrs
Operating earnings OperatingIncomeLoss $8.01B USD 2 Qtrs
Interest expense, net InterestIncomeExpenseNonoperatingNet $-454.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-908.00M USD 2 Qtrs
Interest expense, net InterestIncomeExpenseNonoperatingNet $-1.07B USD 2 Qtrs
Interest expense, net InterestIncomeExpenseNonoperatingNet $-532.00M USD 1 Quarter
Net foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-72.00M USD 2 Qtrs
Net foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-72.00M USD 2 Qtrs
Net foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-47.00M USD 1 Quarter
Net foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-37.00M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-1.41B USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-1.53B USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-757.00M USD 2 Qtrs
Other expense, net OtherNonoperatingIncomeExpense $-3.22B USD 2 Qtrs
Earnings before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $6.11B USD 2 Qtrs
Earnings before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $3.08B USD 2 Qtrs
Earnings before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.61B USD 1 Quarter
Earnings before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.18B USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $817.00M USD 2 Qtrs
Income tax expense IncomeTaxExpenseBenefit $255.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $691.00M USD 2 Qtrs
Income tax expense IncomeTaxExpenseBenefit $583.00M USD 1 Quarter
Net earnings ProfitLoss $5.42B USD 2 Qtrs
Net earnings ProfitLoss $2.27B USD 2 Qtrs
Net earnings ProfitLoss $928.00M USD 1 Quarter
Net earnings ProfitLoss $2.03B USD 1 Quarter
Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $7.00M USD 2 Qtrs
Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $5.00M USD 2 Qtrs
Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Net earnings attributable to AbbVie Inc. NetIncomeLoss $2.26B USD 2 Qtrs
Net earnings attributable to AbbVie Inc. NetIncomeLoss $5.41B USD 2 Qtrs
Net earnings attributable to AbbVie Inc. NetIncomeLoss $924.00M USD 1 Quarter
Net earnings attributable to AbbVie Inc. NetIncomeLoss $2.02B USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.52 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.27 USD 2 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.14 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $3.04 USD 2 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.51 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $1.26 USD 2 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $3.03 USD 2 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $1.14 USD 1 Quarter
Weighted-average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.77B shares 1 Quarter
Weighted-average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.77B shares 2 Qtrs
Weighted-average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.77B shares 2 Qtrs
Weighted-average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.77B shares 1 Quarter
Weighted-average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.77B shares 2 Qtrs
Weighted-average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.78B shares 2 Qtrs
Weighted-average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.77B shares 1 Quarter
Weighted-average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.78B shares 1 Quarter
Cash Flow Statement 81 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $5.42B USD 2 Qtrs
Net earnings ProfitLoss $2.27B USD 2 Qtrs
Net earnings ProfitLoss $928.00M USD 1 Quarter
Net earnings ProfitLoss $2.03B USD 1 Quarter
Depreciation Depreciation $401.00M USD 2 Qtrs
Depreciation Depreciation $190.00M USD 1 Quarter
Depreciation Depreciation $369.00M USD 2 Qtrs
Depreciation Depreciation $203.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $4.02B USD 2 Qtrs
Amortization of intangible assets AmortizationOfIntangibleAssets $3.70B USD 2 Qtrs
Amortization of intangible assets AmortizationOfIntangibleAssets $2.10B USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $1.80B USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-794.00M USD 2 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-635.00M USD 2 Qtrs
Change in fair value of contingent consideration liabilities BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $861.00M USD 2 Qtrs
Change in fair value of contingent consideration liabilities BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $3.42B USD 2 Qtrs
Stock-based compensation ShareBasedCompensation $413.00M USD 2 Qtrs
Stock-based compensation ShareBasedCompensation $492.00M USD 2 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $280.00M USD 1 Quarter
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $430.00M USD 2 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $414.00M USD 2 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $269.00M USD 1 Quarter
Gain on divestitures GainLossOnSaleOfOtherAssets $172.00M USD 2 Qtrs
Non-cash litigation reserve adjustments, net of cash payments NonCashLitigationReserveAdjustmentsNetOfCashPayments $-118.00M USD 2 Qtrs
Non-cash litigation reserve adjustments, net of cash payments NonCashLitigationReserveAdjustmentsNetOfCashPayments $2.19B USD 2 Qtrs
Impairment of intangible assets ImpairmentOfIntangibleAssetsExcludingGoodwill - USD 2 Qtrs
Impairment of intangible assets ImpairmentOfIntangibleAssetsExcludingGoodwill $710.00M USD 2 Qtrs
Other, net OtherNoncashIncomeExpense $86.00M USD 2 Qtrs
Other, net OtherNoncashIncomeExpense $173.00M USD 2 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $275.00M USD 2 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $1.40B USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $458.00M USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $499.00M USD 2 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-14.00M USD 2 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-285.00M USD 2 Qtrs
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.11B USD 2 Qtrs
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-448.00M USD 2 Qtrs
Income tax assets and liabilities, net IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $-932.00M USD 2 Qtrs
Income tax assets and liabilities, net IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $-110.00M USD 2 Qtrs
Cash flows from operating activities NetCashProvidedByUsedInOperatingActivities $9.91B USD 2 Qtrs
Cash flows from operating activities NetCashProvidedByUsedInOperatingActivities $10.51B USD 2 Qtrs
Acquisitions and investments PaymentsToAcquireOtherInvestments $394.00M USD 2 Qtrs
Acquisitions and investments PaymentsToAcquireOtherInvestments $513.00M USD 2 Qtrs
Acquisitions of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $305.00M USD 2 Qtrs
Acquisitions of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $353.00M USD 2 Qtrs
Purchases of investment securities PaymentsToAcquireMarketableSecurities $1.41B USD 2 Qtrs
Purchases of investment securities PaymentsToAcquireMarketableSecurities $35.00M USD 2 Qtrs
Sales and maturities of investment securities ProceedsFromSaleMaturityAndCollectionsOfInvestments $36.00M USD 2 Qtrs
Sales and maturities of investment securities ProceedsFromSaleMaturityAndCollectionsOfInvestments $50.00M USD 2 Qtrs
Other, net PaymentsForProceedsFromOtherInvestingActivities $-599.00M USD 2 Qtrs
Other, net PaymentsForProceedsFromOtherInvestingActivities $-25.00M USD 2 Qtrs
Cash flows from investing activities NetCashProvidedByUsedInInvestingActivities $-1.46B USD 2 Qtrs
Cash flows from investing activities NetCashProvidedByUsedInInvestingActivities $-840.00M USD 2 Qtrs
Proceeds from issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 2 Qtrs
Proceeds from issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt $2.00B USD 2 Qtrs
Repayments of long-term debt and finance lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $2.35B USD 2 Qtrs
Repayments of long-term debt and finance lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $4.88B USD 2 Qtrs
Dividends paid PaymentsOfDividends $5.29B USD 2 Qtrs
Dividends paid PaymentsOfDividends $5.03B USD 2 Qtrs
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $1.48B USD 2 Qtrs
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $1.97B USD 2 Qtrs
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $113.00M USD 2 Qtrs
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $198.00M USD 2 Qtrs
Payments of contingent consideration liabilities PaymentForContingentConsiderationLiabilityFinancingActivities $641.00M USD 2 Qtrs
Payments of contingent consideration liabilities PaymentForContingentConsiderationLiabilityFinancingActivities $482.00M USD 2 Qtrs
Other, net ProceedsFromPaymentsForOtherFinancingActivities $26.00M USD 2 Qtrs
Other, net ProceedsFromPaymentsForOtherFinancingActivities $20.00M USD 2 Qtrs
Cash flows from financing activities NetCashProvidedByUsedInFinancingActivities $-9.65B USD 2 Qtrs
Cash flows from financing activities NetCashProvidedByUsedInFinancingActivities $-10.11B USD 2 Qtrs
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.00M USD 2 Qtrs
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-26.00M USD 2 Qtrs
Net change in cash and equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.23B USD 2 Qtrs
Net change in cash and equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-442.00M USD 2 Qtrs
Cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.52B USD Point-in-time
Cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.20B USD Point-in-time
Cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.76B USD Point-in-time
Cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.75B USD Point-in-time
Cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.52B USD Point-in-time
Cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.20B USD Point-in-time
Cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.76B USD Point-in-time
Cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.75B USD Point-in-time
Stockholders Equity 36 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.44B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.31B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.90B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.30B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.69B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $17.29B USD Point-in-time
Net earnings attributable to AbbVie Inc. NetIncomeLoss $2.26B USD 2 Qtrs
Net earnings attributable to AbbVie Inc. NetIncomeLoss $5.41B USD 2 Qtrs
Net earnings attributable to AbbVie Inc. NetIncomeLoss $924.00M USD 1 Quarter
Net earnings attributable to AbbVie Inc. NetIncomeLoss $2.02B USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-20.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-297.00M USD 2 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-53.00M USD 2 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-212.00M USD 1 Quarter
Dividends declared DividendsCommonStockCash $5.26B USD 2 Qtrs
Dividends declared DividendsCommonStockCash $2.51B USD 1 Quarter
Dividends declared DividendsCommonStockCash $2.63B USD 1 Quarter
Dividends declared DividendsCommonStockCash $5.03B USD 2 Qtrs
Purchases of treasury stock TreasuryStockValueAcquiredCostMethod $1.97B USD 2 Qtrs
Purchases of treasury stock TreasuryStockValueAcquiredCostMethod $1.48B USD 2 Qtrs
Purchases of treasury stock TreasuryStockValueAcquiredCostMethod $10.00M USD 1 Quarter
Purchases of treasury stock TreasuryStockValueAcquiredCostMethod $9.00M USD 1 Quarter
Stock-based compensation plans and other StockIssuedDuringPeriodValueShareBasedCompensation $625.00M USD 2 Qtrs
Stock-based compensation plans and other StockIssuedDuringPeriodValueShareBasedCompensation $178.00M USD 1 Quarter
Stock-based compensation plans and other StockIssuedDuringPeriodValueShareBasedCompensation $226.00M USD 1 Quarter
Stock-based compensation plans and other StockIssuedDuringPeriodValueShareBasedCompensation $632.00M USD 2 Qtrs
Change in noncontrolling interest MinorityInterestPeriodIncreaseDecrease $7.00M USD 2 Qtrs
Change in noncontrolling interest MinorityInterestPeriodIncreaseDecrease $3.00M USD 1 Quarter
Change in noncontrolling interest MinorityInterestPeriodIncreaseDecrease $-1.00M USD 2 Qtrs
Change in noncontrolling interest MinorityInterestPeriodIncreaseDecrease $4.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.44B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.31B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.90B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.30B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.69B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $17.29B USD Point-in-time
Comprehensive Income 52 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $5.42B USD 2 Qtrs
Net earnings ProfitLoss $2.27B USD 2 Qtrs
Net earnings ProfitLoss $928.00M USD 1 Quarter
Net earnings ProfitLoss $2.03B USD 1 Quarter
Foreign currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-12.00M USD 1 Quarter
Foreign currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-6.00M USD 1 Quarter
Foreign currency translation adjustments, net of tax expense (benefit) of $(6) for the three months and $6 for the six months ended June 30, 2023 and $(12) for the three months and $(19) for the six months ended June 30, 2022 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-823.00M USD 1 Quarter
Foreign currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-19.00M USD 2 Qtrs
Foreign currency translation adjustments, net of tax expense (benefit) of $(6) for the three months and $6 for the six months ended June 30, 2023 and $(12) for the three months and $(19) for the six months ended June 30, 2022 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $178.00M USD 2 Qtrs
Foreign currency translation adjustments, net of tax expense (benefit) of $(6) for the three months and $6 for the six months ended June 30, 2023 and $(12) for the three months and $(19) for the six months ended June 30, 2022 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-16.00M USD 1 Quarter
Foreign currency translation adjustments, net of tax expense (benefit) of $(6) for the three months and $6 for the six months ended June 30, 2023 and $(12) for the three months and $(19) for the six months ended June 30, 2022 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-1.05B USD 2 Qtrs
Foreign currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $6.00M USD 2 Qtrs
Net investment hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossNetInvestmentHedgeTax $-58.00M USD 2 Qtrs
Net investment hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossNetInvestmentHedgeTax $2.00M USD 1 Quarter
Net investment hedging activities, net of tax expense (benefit) of $2 for the three months and $(58) for the six months ended June 30, 2023 and $146 for the three months and $183 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax $-213.00M USD 2 Qtrs
Net investment hedging activities, net of tax expense (benefit) of $2 for the three months and $(58) for the six months ended June 30, 2023 and $146 for the three months and $183 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax $666.00M USD 2 Qtrs
Net investment hedging activities, net of tax expense (benefit) of $2 for the three months and $(58) for the six months ended June 30, 2023 and $146 for the three months and $183 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax $536.00M USD 1 Quarter
Net investment hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossNetInvestmentHedgeTax $146.00M USD 1 Quarter
Net investment hedging activities, net of tax expense (benefit) of $2 for the three months and $(58) for the six months ended June 30, 2023 and $146 for the three months and $183 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax $11.00M USD 1 Quarter
Net investment hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossNetInvestmentHedgeTax $183.00M USD 2 Qtrs
Pension and post-employment benefits, net of tax expense (benefit) of $(4) for the three months and $10 for the six months ended June 30, 2023 and $11 for the three months and $21 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-76.00M USD 2 Qtrs
Pension and post-employment benefits, net of tax expense (benefit) of $(4) for the three months and $10 for the six months ended June 30, 2023 and $11 for the three months and $21 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-36.00M USD 2 Qtrs
Pension and post-employment benefits, tax expense (benefit) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $4.00M USD 1 Quarter
Pension and post-employment benefits, tax expense (benefit) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-11.00M USD 1 Quarter
Pension and post-employment benefits, tax expense (benefit) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-21.00M USD 2 Qtrs
Pension and post-employment benefits, tax expense (benefit) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-10.00M USD 2 Qtrs
Pension and post-employment benefits, net of tax expense (benefit) of $(4) for the three months and $10 for the six months ended June 30, 2023 and $11 for the three months and $21 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-48.00M USD 1 Quarter
Pension and post-employment benefits, net of tax expense (benefit) of $(4) for the three months and $10 for the six months ended June 30, 2023 and $11 for the three months and $21 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $2.00M USD 1 Quarter
Cash flow hedging activities, net of tax expense (benefit) of $(4) for the three months and $(8) for the six months ended June 30, 2023 and $5 for the three months and $3 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-54.00M USD 2 Qtrs
Cash flow hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $3.00M USD 2 Qtrs
Cash flow hedging activities, net of tax expense (benefit) of $(4) for the three months and $(8) for the six months ended June 30, 2023 and $5 for the three months and $3 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-13.00M USD 1 Quarter
Cash flow hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-8.00M USD 2 Qtrs
Cash flow hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $5.00M USD 1 Quarter
Cash flow hedging activities, net of tax expense (benefit) of $(4) for the three months and $(8) for the six months ended June 30, 2023 and $5 for the three months and $3 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $27.00M USD 1 Quarter
Cash flow hedging activities, net of tax expense (benefit) of $(4) for the three months and $(8) for the six months ended June 30, 2023 and $5 for the three months and $3 for the six months ended June 30, 2022 OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $15.00M USD 2 Qtrs
Cash flow hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-4.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-20.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-297.00M USD 2 Qtrs
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-53.00M USD 2 Qtrs
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-212.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.21B USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $716.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.01B USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $5.12B USD 2 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $7.00M USD 2 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $5.00M USD 2 Qtrs
Comprehensive income attributable to AbbVie Inc. ComprehensiveIncomeNetOfTax $5.12B USD 2 Qtrs
Comprehensive income attributable to AbbVie Inc. ComprehensiveIncomeNetOfTax $712.00M USD 1 Quarter
Comprehensive income attributable to AbbVie Inc. ComprehensiveIncomeNetOfTax $2.00B USD 1 Quarter
Comprehensive income attributable to AbbVie Inc. ComprehensiveIncomeNetOfTax $2.21B USD 2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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