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10-Q Filing

ABBVIE INC. CIK: 1551152 Q3 2023
Filing Information
Form Type 10-Q
Accession Number 0001551152-23-000045
Period End Date 20230930
Filing Date 20231106
Fiscal Year 2023
Fiscal Period Q3
XBRL Instance abbv-20230930_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
Common stock, issued (in shares) CommonStockSharesIssued 1.81B shares Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $13.29B USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 1.82B shares Point-in-time
Short-term investments ShortTermInvestments $28.00M USD Point-in-time
Treasury Stock, Common, Shares TreasuryStockCommonShares 57.09M shares Point-in-time
Short-term investments ShortTermInvestments $3.00M USD Point-in-time
Treasury Stock, Common, Shares TreasuryStockCommonShares 44.59M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $11.41B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $11.25B USD Point-in-time
Inventories InventoryNet $3.58B USD Point-in-time
Inventories InventoryNet $3.98B USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssets $4.40B USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssets $4.54B USD Point-in-time
Total current assets AssetsCurrent $33.22B USD Point-in-time
Total current assets AssetsCurrent $28.46B USD Point-in-time
Investments LongTermInvestments $241.00M USD Point-in-time
Investments LongTermInvestments $275.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.93B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.93B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $67.44B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $58.60B USD Point-in-time
Goodwill Goodwill $32.09B USD Point-in-time
Goodwill Goodwill $32.16B USD Point-in-time
Other assets OtherAssetsNoncurrent $7.09B 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 $136.22B USD Point-in-time
Short-term borrowings ShortTermBorrowings $1.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $2.00M USD Point-in-time
Current portion of long-term debt and finance lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $4.13B USD Point-in-time
Current portion of long-term debt and finance lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $5.11B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $29.66B 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 $34.77B 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 $55.63B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $2.04B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $2.19B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $30.66B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $31.64B 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, 1,822,577,212 shares issued as of September 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, 1,822,577,212 shares issued as of September 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, 57,091,177 shares as of September 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, 57,091,177 shares as of September 30, 2023 and 44,589,000 as of December 31, 2022 TreasuryStockValue $6.53B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $20.02B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $19.25B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $933.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.78B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.35B 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 $12.09B USD Point-in-time
Noncontrolling interest MinorityInterest $35.00M USD Point-in-time
Noncontrolling interest MinorityInterest $33.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.69B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $17.29B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.03B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.90B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.13B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $136.22B 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 $14.81B USD 1 Quarter
Net revenues Revenues $13.93B USD 1 Quarter
Net revenues Revenues $42.93B USD 3 Qtrs
Net revenues Revenues $40.02B USD 3 Qtrs
Cost of products sold CostOfGoodsAndServicesSold $6.49B USD 1 Quarter
Cost of products sold CostOfGoodsAndServicesSold $14.71B USD 3 Qtrs
Cost of products sold CostOfGoodsAndServicesSold $5.02B USD 1 Quarter
Cost of products sold CostOfGoodsAndServicesSold $13.24B USD 3 Qtrs
Selling, general and administrative SellingGeneralAndAdministrativeExpense $3.37B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $9.68B USD 3 Qtrs
Selling, general and administrative SellingGeneralAndAdministrativeExpense $3.30B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $11.84B USD 3 Qtrs
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $5.75B USD 3 Qtrs
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $1.61B USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $1.72B USD 1 Quarter
Research and development ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost $4.72B USD 3 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $454.00M USD 3 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $40.00M USD 1 Quarter
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $66.00M USD 1 Quarter
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $496.00M USD 3 Qtrs
Other operating expense (income), net OtherOperatingIncomeExpenseNet $179.00M USD 3 Qtrs
Other operating expense (income), net OtherOperatingIncomeExpenseNet $-229.00M USD 1 Quarter
Other operating expense (income), net OtherOperatingIncomeExpenseNet $-57.00M USD 3 Qtrs
Other operating expense (income), net OtherOperatingIncomeExpenseNet - USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $30.32B USD 3 Qtrs
Total operating costs and expenses CostsAndExpenses $11.65B USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $10.21B USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $30.45B USD 3 Qtrs
Operating earnings OperatingIncomeLoss $2.28B USD 1 Quarter
Operating earnings OperatingIncomeLoss $9.56B USD 3 Qtrs
Operating earnings OperatingIncomeLoss $12.62B USD 3 Qtrs
Operating earnings OperatingIncomeLoss $4.60B USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-497.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-1.57B USD 3 Qtrs
Interest expense, net InterestIncomeExpenseNonoperatingNet $-398.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-1.31B USD 3 Qtrs
Net foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-108.00M USD 3 Qtrs
Net foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-97.00M USD 3 Qtrs
Net foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-36.00M USD 1 Quarter
Net foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-25.00M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $95.00M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-3.12B USD 3 Qtrs
Other expense (income), net OtherNonoperatingIncomeExpense $330.00M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-427.00M USD 3 Qtrs
Earnings before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.95B USD 1 Quarter
Earnings before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.04B USD 3 Qtrs
Earnings before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.40B USD 1 Quarter
Earnings before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $10.51B USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $1.14B USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $448.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $172.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $989.00M USD 3 Qtrs
Net earnings ProfitLoss $1.78B USD 1 Quarter
Net earnings ProfitLoss $9.37B USD 3 Qtrs
Net earnings ProfitLoss $3.95B USD 1 Quarter
Net earnings ProfitLoss $4.05B USD 3 Qtrs
Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $10.00M USD 3 Qtrs
Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $8.00M USD 3 Qtrs
Net earnings attributable to AbbVie Inc. NetIncomeLoss $4.04B USD 3 Qtrs
Net earnings attributable to AbbVie Inc. NetIncomeLoss $9.36B USD 3 Qtrs
Net earnings attributable to AbbVie Inc. NetIncomeLoss $3.95B USD 1 Quarter
Net earnings attributable to AbbVie Inc. NetIncomeLoss $1.78B USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $5.26 USD 3 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $2.27 USD 3 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $2.22 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.00 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $2.21 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $2.26 USD 3 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $1.00 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $5.24 USD 3 Qtrs
Weighted-average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.77B shares 3 Qtrs
Weighted-average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.77B shares 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 3 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 3 Qtrs
Weighted-average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.78B shares 1 Quarter
Weighted-average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.77B shares 3 Qtrs
Cash Flow Statement 83 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $1.78B USD 1 Quarter
Net earnings ProfitLoss $9.37B USD 3 Qtrs
Net earnings ProfitLoss $3.95B USD 1 Quarter
Net earnings ProfitLoss $4.05B USD 3 Qtrs
Depreciation Depreciation $181.00M USD 1 Quarter
Depreciation Depreciation $196.00M USD 1 Quarter
Depreciation Depreciation $565.00M USD 3 Qtrs
Depreciation Depreciation $582.00M USD 3 Qtrs
Amortization of intangible assets AmortizationOfIntangibleAssets $2.00B USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.00B USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $6.06B USD 3 Qtrs
Amortization of intangible assets AmortizationOfIntangibleAssets $5.73B USD 3 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.42B USD 3 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.50B USD 3 Qtrs
Change in fair value of contingent consideration liabilities BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $3.43B USD 3 Qtrs
Change in fair value of contingent consideration liabilities BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $647.00M USD 3 Qtrs
Payment for Contingent Consideration Liability, Operating Activities PaymentForContingentConsiderationLiabilityOperatingActivities $407.00M USD 3 Qtrs
Payment for Contingent Consideration Liability, Operating Activities PaymentForContingentConsiderationLiabilityOperatingActivities $161.00M USD 3 Qtrs
Stock-based compensation ShareBasedCompensation $539.00M USD 3 Qtrs
Stock-based compensation ShareBasedCompensation $622.00M USD 3 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $454.00M USD 3 Qtrs
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $40.00M USD 1 Quarter
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $66.00M USD 1 Quarter
Acquired IPR&D and milestones ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff $496.00M USD 3 Qtrs
Gain on divestitures GainLossOnSaleOfOtherAssets $172.00M USD 3 Qtrs
Non-cash litigation reserve adjustments, net of cash payments NonCashLitigationReserveAdjustmentsNetOfCashPayments $-205.00M USD 3 Qtrs
Non-cash litigation reserve adjustments, net of cash payments NonCashLitigationReserveAdjustmentsNetOfCashPayments $2.26B USD 3 Qtrs
Impairment of Intangible Assets (Excluding Goodwill) ImpairmentOfIntangibleAssetsExcludingGoodwill $2.82B USD 3 Qtrs
Impairment of Intangible Assets (Excluding Goodwill) ImpairmentOfIntangibleAssetsExcludingGoodwill $770.00M USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $151.00M USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $219.00M USD 3 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $273.00M USD 3 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $1.04B USD 3 Qtrs
Inventories IncreaseDecreaseInInventories $513.00M USD 3 Qtrs
Inventories IncreaseDecreaseInInventories $516.00M USD 3 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-394.00M USD 3 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $60.00M USD 3 Qtrs
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $3.66B USD 3 Qtrs
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $491.00M USD 3 Qtrs
Income tax assets and liabilities, net IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $184.00M USD 3 Qtrs
Income tax assets and liabilities, net IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $-899.00M USD 3 Qtrs
Cash flows from operating activities NetCashProvidedByUsedInOperatingActivities $17.52B USD 3 Qtrs
Cash flows from operating activities NetCashProvidedByUsedInOperatingActivities $18.09B USD 3 Qtrs
Acquisitions and investments PaymentsToAcquireOtherInvestments $494.00M USD 3 Qtrs
Acquisitions and investments PaymentsToAcquireOtherInvestments $670.00M USD 3 Qtrs
Acquisitions of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $572.00M USD 3 Qtrs
Acquisitions of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $482.00M USD 3 Qtrs
Purchases of investment securities PaymentsToAcquireMarketableSecurities $43.00M USD 3 Qtrs
Purchases of investment securities PaymentsToAcquireMarketableSecurities $1.43B USD 3 Qtrs
Sales and maturities of investment securities ProceedsFromSaleMaturityAndCollectionsOfInvestments $41.00M USD 3 Qtrs
Sales and maturities of investment securities ProceedsFromSaleMaturityAndCollectionsOfInvestments $1.46B USD 3 Qtrs
Other, net PaymentsForProceedsFromOtherInvestingActivities $-35.00M USD 3 Qtrs
Other, net PaymentsForProceedsFromOtherInvestingActivities $-769.00M USD 3 Qtrs
Cash flows from investing activities NetCashProvidedByUsedInInvestingActivities $-1.21B USD 3 Qtrs
Cash flows from investing activities NetCashProvidedByUsedInInvestingActivities $-175.00M USD 3 Qtrs
Proceeds from issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 3 Qtrs
Proceeds from issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt $2.00B USD 3 Qtrs
Repayments of long-term debt and finance lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $2.35B USD 3 Qtrs
Repayments of long-term debt and finance lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $7.58B USD 3 Qtrs
Dividends paid PaymentsOfDividends $7.54B USD 3 Qtrs
Dividends paid PaymentsOfDividends $7.91B USD 3 Qtrs
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $1.48B USD 3 Qtrs
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $1.97B USD 3 Qtrs
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $149.00M USD 3 Qtrs
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $209.00M USD 3 Qtrs
Payments of contingent consideration liabilities PaymentForContingentConsiderationLiabilityFinancingActivities $817.00M USD 3 Qtrs
Payments of contingent consideration liabilities PaymentForContingentConsiderationLiabilityFinancingActivities $735.00M USD 3 Qtrs
Other, net ProceedsFromPaymentsForOtherFinancingActivities $41.00M USD 3 Qtrs
Other, net ProceedsFromPaymentsForOtherFinancingActivities $50.00M USD 3 Qtrs
Cash flows from financing activities NetCashProvidedByUsedInFinancingActivities $-12.77B USD 3 Qtrs
Cash flows from financing activities NetCashProvidedByUsedInFinancingActivities $-15.17B USD 3 Qtrs
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-85.00M USD 3 Qtrs
Effect of exchange rate changes on cash and equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-18.00M USD 3 Qtrs
Net change in cash and equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $4.09B USD 3 Qtrs
Net change in cash and equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $2.09B USD 3 Qtrs
Cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.20B USD Point-in-time
Cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.75B USD Point-in-time
Cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.83B USD Point-in-time
Cash and equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.29B USD Point-in-time
Cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.20B USD Point-in-time
Cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.75B USD Point-in-time
Cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.83B USD Point-in-time
Cash and equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.29B USD Point-in-time
Stockholders Equity 36 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.69B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.44B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $17.29B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.03B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.90B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.13B USD Point-in-time
Net earnings attributable to AbbVie Inc. NetIncomeLoss $4.04B USD 3 Qtrs
Net earnings attributable to AbbVie Inc. NetIncomeLoss $9.36B USD 3 Qtrs
Net earnings attributable to AbbVie Inc. NetIncomeLoss $3.95B USD 1 Quarter
Net earnings attributable to AbbVie Inc. NetIncomeLoss $1.78B USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-544.00M USD 3 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-247.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-154.00M USD 3 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-101.00M USD 1 Quarter
Dividends declared DividendsCommonStockCash $2.51B USD 1 Quarter
Dividends declared DividendsCommonStockCash $7.54B USD 3 Qtrs
Dividends declared DividendsCommonStockCash $2.63B USD 1 Quarter
Dividends declared DividendsCommonStockCash $7.89B USD 3 Qtrs
Purchases of treasury stock TreasuryStockValueAcquiredCostMethod $1.48B USD 3 Qtrs
Purchases of treasury stock TreasuryStockValueAcquiredCostMethod $1.97B USD 3 Qtrs
Purchases of treasury stock TreasuryStockValueAcquiredCostMethod $4.00M USD 1 Quarter
Purchases of treasury stock TreasuryStockValueAcquiredCostMethod $4.00M USD 1 Quarter
Stock-based compensation plans and other StockIssuedDuringPeriodValueShareBasedCompensation $814.00M USD 3 Qtrs
Stock-based compensation plans and other StockIssuedDuringPeriodValueShareBasedCompensation $787.00M USD 3 Qtrs
Stock-based compensation plans and other StockIssuedDuringPeriodValueShareBasedCompensation $189.00M USD 1 Quarter
Stock-based compensation plans and other StockIssuedDuringPeriodValueShareBasedCompensation $155.00M USD 1 Quarter
Change in noncontrolling interest MinorityInterestPeriodIncreaseDecrease $3.00M USD 1 Quarter
Change in noncontrolling interest MinorityInterestPeriodIncreaseDecrease $-2.00M USD 1 Quarter
Change in noncontrolling interest MinorityInterestPeriodIncreaseDecrease $2.00M USD 3 Qtrs
Change in noncontrolling interest MinorityInterestPeriodIncreaseDecrease $5.00M USD 3 Qtrs
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.69B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.44B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $17.29B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.03B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.90B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.13B USD Point-in-time
Comprehensive Income 52 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $1.78B USD 1 Quarter
Net earnings ProfitLoss $9.37B USD 3 Qtrs
Net earnings ProfitLoss $3.95B USD 1 Quarter
Net earnings ProfitLoss $4.05B USD 3 Qtrs
Foreign currency translation adjustments, net of tax expense (benefit) of $(17) for the three months and $(11) for the nine months ended September 30, 2023 and $(11) for the three months and $(30) for the nine months ended September 30, 2022 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-989.00M USD 1 Quarter
Foreign currency translation adjustments, net of tax expense (benefit) of $(17) for the three months and $(11) for the nine months ended September 30, 2023 and $(11) for the three months and $(30) for the nine months ended September 30, 2022 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-457.00M USD 1 Quarter
Foreign currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-11.00M USD 1 Quarter
Foreign currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-30.00M USD 3 Qtrs
Foreign currency translation adjustments, net of tax expense (benefit) of $(17) for the three months and $(11) for the nine months ended September 30, 2023 and $(11) for the three months and $(30) for the nine months ended September 30, 2022 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-279.00M USD 3 Qtrs
Foreign currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-17.00M USD 1 Quarter
Foreign currency translation adjustments, net of tax expense (benefit) of $(17) for the three months and $(11) for the nine months ended September 30, 2023 and $(11) for the three months and $(30) for the nine months ended September 30, 2022 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-2.04B USD 3 Qtrs
Foreign currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-11.00M USD 3 Qtrs
Net investment hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossNetInvestmentHedgeTax $84.00M USD 1 Quarter
Net investment hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossNetInvestmentHedgeTax $348.00M USD 3 Qtrs
Net investment hedging activities, net of tax expense (benefit) of $84 for the three months and $26 for the nine months ended September 30, 2023 and $165 for the three months and $348 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax $89.00M USD 3 Qtrs
Net investment hedging activities, net of tax expense (benefit) of $84 for the three months and $26 for the nine months ended September 30, 2023 and $165 for the three months and $348 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax $1.26B USD 3 Qtrs
Net investment hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossNetInvestmentHedgeTax $26.00M USD 3 Qtrs
Net investment hedging activities, net of tax expense (benefit) of $84 for the three months and $26 for the nine months ended September 30, 2023 and $165 for the three months and $348 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax $599.00M USD 1 Quarter
Net investment hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossNetInvestmentHedgeTax $165.00M USD 1 Quarter
Net investment hedging activities, net of tax expense (benefit) of $84 for the three months and $26 for the nine months ended September 30, 2023 and $165 for the three months and $348 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationandTax $302.00M USD 1 Quarter
Pension and post-employment benefits, tax expense (benefit) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-1.00M USD 1 Quarter
Pension and post-employment benefits, net of tax expense (benefit) of $1 for the three months and $11 for the nine months ended September 30, 2023 and $14 for the three months and $35 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-136.00M USD 3 Qtrs
Pension and post-employment benefits, net of tax expense (benefit) of $1 for the three months and $11 for the nine months ended September 30, 2023 and $14 for the three months and $35 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-60.00M USD 1 Quarter
Pension and post-employment benefits, tax expense (benefit) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-14.00M USD 1 Quarter
Pension and post-employment benefits, net of tax expense (benefit) of $1 for the three months and $11 for the nine months ended September 30, 2023 and $14 for the three months and $35 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-38.00M USD 3 Qtrs
Pension and post-employment benefits, tax expense (benefit) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-11.00M USD 3 Qtrs
Pension and post-employment benefits, tax expense (benefit) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-35.00M USD 3 Qtrs
Pension and post-employment benefits, net of tax expense (benefit) of $1 for the three months and $11 for the nine months ended September 30, 2023 and $14 for the three months and $35 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-2.00M USD 1 Quarter
Cash flow hedging activities, net of tax expense (benefit) of $7 for the three months and $(1) for the nine months ended September 30, 2023 and $14 for the three months and $17 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $52.00M USD 1 Quarter
Cash flow hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-1.00M USD 3 Qtrs
Cash flow hedging activities, net of tax expense (benefit) of $7 for the three months and $(1) for the nine months ended September 30, 2023 and $14 for the three months and $17 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-2.00M USD 3 Qtrs
Cash flow hedging activities, net of tax expense (benefit) of $7 for the three months and $(1) for the nine months ended September 30, 2023 and $14 for the three months and $17 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $98.00M USD 3 Qtrs
Cash flow hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $7.00M USD 1 Quarter
Cash flow hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $14.00M USD 1 Quarter
Cash flow hedging activities, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $17.00M USD 3 Qtrs
Cash flow hedging activities, net of tax expense (benefit) of $7 for the three months and $(1) for the nine months ended September 30, 2023 and $14 for the three months and $17 for the nine months ended September 30, 2022 OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $83.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-544.00M USD 3 Qtrs
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-247.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-154.00M USD 3 Qtrs
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-101.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $8.83B USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $3.71B USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.68B USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $3.90B USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $8.00M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $10.00M USD 3 Qtrs
Comprehensive income attributable to AbbVie Inc. ComprehensiveIncomeNetOfTax $1.68B USD 1 Quarter
Comprehensive income attributable to AbbVie Inc. ComprehensiveIncomeNetOfTax $3.89B USD 3 Qtrs
Comprehensive income attributable to AbbVie Inc. ComprehensiveIncomeNetOfTax $8.82B USD 3 Qtrs
Comprehensive income attributable to AbbVie Inc. ComprehensiveIncomeNetOfTax $3.70B USD 1 Quarter

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

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