Consolidated Income Statements

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

2016

2015

2014

See accompanying Notes to the Consolidated Financial Statements

Sales of products

27,816

29,477

33,279

Sales of services and software

6,012

6,004

6,551

Total revenues

33,828

35,481

39,830

Cost of sales of products

(20,431)

(21,694)

(24,506)

Cost of services and software

(3,650)

(3,653)

(4,109)

Total cost of sales

(24,081)

(25,347)

(28,615)

Gross profit

9,747

10,134

11,215

Selling, general and administrative expenses

(5,349)

(5,574)

(6,067)

Non-order related research and development expenses

(1,300)

(1,406)

(1,499)

Other income (expense), net

(111)

(105)

529

Income from operations

2,987

3,049

4,178

Interest and dividend income

73

77

80

Interest and other finance expense

(261)

(286)

(362)

Income from continuing operations before taxes

2,799

2,840

3,896

Provision for taxes

(781)

(788)

(1,202)

Income from continuing operations, net of tax

2,018

2,052

2,694

Income from discontinued operations, net of tax

16

3

24

Net income

2,034

2,055

2,718

Net income attributable to noncontrolling interests

(135)

(122)

(124)

Net income attributable to ABB

1,899

1,933

2,594

 

 

 

 

Amounts attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1,883

1,930

2,570

Net income

1,899

1,933

2,594

 

 

 

 

Basic earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

0.88

0.87

1.12

Net income

0.88

0.87

1.13

 

 

 

 

Diluted earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

0.87

0.87

1.12

Net income

0.88

0.87

1.13

 

 

 

 

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

 

 

 

Basic earnings per share attributable to ABB shareholders

2,151

2,226

2,288

Diluted earnings per share attributable to ABB shareholders

2,154

2,230

2,295