Below are the financial statements of Abb, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Sales of products | 27,217a | 27,010a | 24,471a |
| Sales of services and other | 5,633a | 5,225a | 4,975a |
| Total revenues | 32,850a | 32,235a | 29,446a |
| Cost of sales of products | -17,347a | -17,938a | -16,804a |
| Cost of services and other | -3,229a | -3,083a | -2,932a |
| Total cost of sales | -20,576a | -21,021a | -19,736a |
| Gross profit | 12,274a | 11,214a | 9,710a |
| Selling, general and administrative expenses | -5,708a | -5,543a | -5,132a |
| Non-order related research and development expenses | -1,469a | -1,317a | -1,166a |
| Other income (expense), net | -26a | 517a | -75a |
| Income from operations | 5,071a | 4,871a | 3,337a |
| Interest and dividend income | 206a | 165a | 72a |
| Interest and other finance expense | -99a | -275a | -130a |
| Non-operational pension (cost) credit | 55a | 17a | 115a |
| Income from continuing operations before taxes | 5,233a | 4,778a | 3,394a |
| Income tax expense | -1,278a | -930a | -757a |
| Income from continuing operations, net of tax | 3,955a | 3,848a | 2,637a |
| Loss from discontinued operations, net of tax | -3a | -24a | -43a |
| Net income | 3,952a | 3,824a | 2,594a |
| Net income attributable to noncontrolling interests and redeemable noncontrolling interests | -17a | -79a | -119a |
| Net income attributable to ABB | 3,935a | 3,745a | 2,475a |
| Amounts attributable to ABB shareholders | — | — | — |
| Income from continuing operations, net of tax | 3,937a | 3,769a | 2,517a |
| Loss from discontinued operations, net of tax | -2a | -24a | -42a |
| Net income | 3,935a | 3,745a | 2,475a |
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