Consolidated Income Statements

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

2017

2016

2015

Due to rounding, numbers presented may not add to the totals provided.

See accompanying Notes to the Consolidated Financial Statements.

Sales of products

28,133

27,816

29,477

Sales of services and other

6,179

6,012

6,004

Total revenues

34,312

33,828

35,481

Cost of sales of products

(20,313)

(20,431)

(21,694)

Cost of services and other

(3,733)

(3,650)

(3,653)

Total cost of sales

(24,046)

(24,081)

(25,347)

Gross profit

10,266

9,747

10,134

Selling, general and administrative expenses

(5,607)

(5,349)

(5,574)

Non-order related research and development expenses

(1,365)

(1,300)

(1,406)

Other income (expense), net

140

(111)

(105)

Income from operations

3,434

2,987

3,049

Interest and dividend income

74

73

77

Interest and other finance expense

(277)

(261)

(286)

Income from continuing operations before taxes

3,231

2,799

2,840

Provision for taxes

(860)

(781)

(788)

Income from continuing operations, net of tax

2,371

2,018

2,052

Income (loss) from discontinued operations, net of tax

(6)

16

3

Net income

2,365

2,034

2,055

Net income attributable to noncontrolling interests

(152)

(135)

(122)

Net income attributable to ABB

2,213

1,899

1,933

 

 

 

 

Amounts attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

2,219

1,883

1,930

Net income

2,213

1,899

1,933

 

 

 

 

Basic earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.04

0.88

0.87

Net income

1.04

0.88

0.87

 

 

 

 

Diluted earnings per share attributable to ABB shareholders:

 

 

 

Income from continuing operations, net of tax

1.03

0.87

0.87

Net income

1.03

0.88

0.87

 

 

 

 

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

 

 

 

Basic earnings per share attributable to ABB shareholders

2,138

2,151

2,226

Diluted earnings per share attributable to ABB shareholders

2,148

2,154

2,230