Financial statements English (PDF, 54 KB)

ABB Ltd Interim Consolidated Income Statements (unaudited)
Year ended
($ in millions, except per share data in $)
Dec. 31, 2013
Three months ended
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
35,282
6,566
41,848
(25,728)
(4,128)
(29,856)
11,992
(6,094)
(1,470)
(41)
4,387
69
(390)
4,066
(1,122)
2,944
(37)
2,907
(120)
2,787
32,979
6,357
39,336
(23,838)
(4,120)
(27,958)
11,378
(5,756)
(1,464)
(100)
4,058
73
(293)
3,838
(1,030)
2,808
4
2,812
(108)
2,704
9,549
1,824
11,373
(7,287)
(1,144)
(8,431)
2,942
(1,670)
(415)
(34)
823
19
(91)
751
(178)
573
(22)
551
(26)
525
9,251
1,770
11,021
(6,948)
(1,150)
(8,098)
2,923
(1,576)
(390)
(94)
863
18
(55)
826
(202)
624
624
(20)
604
2,824
2,787
2,700
2,704
547
525
604
604
Basic earnings per share attributable to ABB shareholders:
Income from continuing operations, net of tax
Net income
1.23
1.21
1.18
1.18
0.24
0.23
0.26
0.26
Diluted earnings per share attributable to ABB shareholders:
Income from continuing operations, net of tax
Net income
1.23
1.21
1.18
1.18
0.24
0.23
0.26
0.26
2,297
2,305
2,293
2,295
2,299
2,308
2,295
2,298
Sales of products
Sales of services
Total revenues
Cost of products
Cost of services
Total cost of sales
Gross profit
Selling, general and administrative expenses
Non-order related research and development expenses
Other income (expense), net
Income from operations
Interest and dividend income
Interest and other finance expense
Income from continuing operations before taxes
Provision for taxes
Income from continuing operations, net of tax
Income (loss) from discontinued operations, net of tax
Net income
Net income attributable to noncontrolling interests
Net income attributable to ABB
Amounts attributable to ABB shareholders:
Income from continuing operations, net of tax
Net income
Weighted-average number of shares outstanding (in millions) used to compute:
Basic earnings per share attributable to ABB shareholders
Diluted earnings per share attributable to ABB shareholders
See Notes to the Interim Consolidated Financial Information
ABB Ltd Interim Condensed Consolidated Statements of Comprehensive Income (unaudited)
Year ended
($ in millions)
Total comprehensive income, net of tax
Total comprehensive income attributable to noncontrolling interests, net of tax
Total comprehensive income attributable to ABB shareholders, net of tax
See Notes to the Interim Consolidated Financial Information
Dec. 31, 2013
3,413
(115)
3,298
Three months ended
Dec. 31, 2012
2,687
(98)
2,589
Dec. 31, 2013
1,037
(31)
1,006
Dec. 31, 2012
246
(10)
236
ABB Ltd Interim Consolidated Balance Sheets (unaudited)
($ in millions, except share data)
Dec. 31, 2013
Dec. 31, 2012
Cash and equivalents
Marketable securities and short-term investments
Receivables, net
Inventories, net
Prepaid expenses
Deferred taxes
Other current assets
Total current assets
6,021
464
12,146
6,004
252
832
706
26,425
6,875
1,606
11,575
6,182
311
869
584
28,002
Property, plant and equipment, net
Goodwill
Other intangible assets, net
Prepaid pension and other employee benefits
Investments in equity-accounted companies
Deferred taxes
Other non-current assets
Total assets
6,254
10,670
3,297
93
197
370
758
48,064
5,947
10,226
3,501
71
213
334
776
49,070
Accounts payable, trade
Billings in excess of sales
Short-term debt and current maturities of long-term debt
Advances from customers
Deferred taxes
Provisions for warranties
Other provisions
Other current liabilities
Total current liabilities
5,112
1,714
453
1,726
259
1,362
1,807
4,242
16,675
4,992
2,035
2,537
1,937
270
1,291
1,575
4,337
18,974
Long-term debt
Pension and other employee benefits
Deferred taxes
Other non-current liabilities
Total liabilities
7,570
1,639
1,265
1,707
28,856
7,534
2,290
1,260
1,566
31,624
1,750
19,186
(2,012)
1,691
18,066
(2,523)
(246)
18,678
530
19,208
48,064
(328)
16,906
540
17,446
49,070
Commitments and contingencies
Stockholders' equity:
Capital stock and additional paid-in capital (2,314,743,264 issued shares at December
31, 2013 and 2012)
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost (14,093,960 and 18,793,989 shares at December 31, 2013 and
2012, respectively)
Total ABB stockholders' equity
Noncontrolling interests
Total stockholders' equity
Total liabilities and stockholders' equity
See Notes to the Interim Consolidated Financial Information
ABB Ltd Interim Consolidated Statements of Cash Flows (unaudited)
Year ended
($ in millions)
Operating activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
Pension and other employee benefits
Deferred taxes
Net gain from sale of property, plant and equipment
Other
Changes in operating assets and liabilities:
Trade receivables, net
Inventories, net
Trade payables
Billings in excess of sales
Provisions, net
Advances from customers
Other assets and liabilities, net
Net cash provided by operating activities
Dec. 31, 2013
Three months ended
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
2,907
2,812
551
624
1,318
6
(137)
(18)
95
1,182
(13)
64
(26)
171
352
17
(126)
2
35
341
43
41
(14)
66
(571)
324
(43)
(168)
199
(145)
(114)
3,653
(310)
61
(57)
152
(109)
181
(329)
3,779
475
633
(29)
(46)
248
(38)
18
2,092
78
527
269
95
182
149
37
2,438
(526)
(30)
(1,106)
(2,288)
(67)
(1,293)
(102)
(21)
(414)
(859)
(37)
(455)
(914)
1,367
118
47
80
(3,694)
1,655
27
40
(31)
5
4
6
9
(8)
19
62
185
(717)
16
29
(5,575)
51
148
(345)
7
25
(1,308)
(697)
492
(1,893)
74
(1,667)
(13)
(149)
(3)
(3,856)
570
5,986
(1,104)
90
(1,626)
(9)
(121)
(24)
3,762
(140)
50
(70)
71
(8)
(16)
33
(80)
467
707
(201)
43
(6)
(8)
1,002
66
90
58
60
(854)
2,056
1,725
2,192
Cash and equivalents, beginning of period
Cash and equivalents, end of period
6,875
6,021
4,819
6,875
4,296
6,021
4,683
6,875
Supplementary disclosure of cash flow information:
Interest paid
Taxes paid
287
1,278
189
1,211
108
394
98
296
Investing activities:
Purchases of marketable securities (available-for-sale)
Purchases of short-term investments
Purchases of property, plant and equipment and intangible assets
Acquisition of businesses (net of cash acquired) and changes in cost and equity
investments
Proceeds from sales of marketable securities (available-for-sale)
Proceeds from maturity of marketable securities (available-for-sale)
Proceeds from short-term investments
Proceeds from sales of property, plant and equipment
Proceeds from sales of businesses and equity-accounted companies (net of cash
disposed)
Other investing activities
Net cash used in investing activities
Financing activities:
Net changes in debt with original maturities of 90 days or less
Increase in debt
Repayment of debt
Delivery of shares
Dividends paid
Acquisition of noncontrolling interests
Dividends paid to noncontrolling shareholders
Other financing activities
Net cash provided by (used in) financing activities
Effects of exchange rate changes on cash and equivalents
Net change in cash and equivalents - continuing operations
See Notes to the Interim Consolidated Financial Information
ABB Ltd Interim Consolidated Statements of Changes in Stockholders' Equity (unaudited)
Balance at January 1, 2012
1,621
Comprehensive income:
Net income
(968)
20
(1,472)
12
s'
(2,408)
(424)
Tot
al
equ stock
hol
ity
der
s'
559
16,336
2,704
108
2,812
388
388
(5)
383
4
4
(532)
(532)
388
4
(532)
No
nco
ntro
lling
15,777
2,704
Foreign currency translation adjustments (net of tax of $6)
Effect of change in fair value of available-for-sale securities (net of
tax of $2)
Unrecognized income (expense) related to pensions and other
postretirement plans (net of tax of $(216))
Change in derivatives qualifying as cash flow hedges (net of tax of
$7)
inte
res
ts
lde
r
Tot
al
equ ABB
sto
ity
ckh
o
sto
ck
Tre
asu
ry
Tot
al
com accu
pre mula
hen
te
siv d oth
e lo
e
ss r
Un
rea
of c lized
ga
as
der h flow ins (l
o
iva
tive hedg sses
)
s
e
Pen
s
pos ion an
do
tret
th
ir
adj
ust emen er
t
me
nts plan
Un
rea
on lized
av
ga
sec ailabl ins (l
e-fo
o
urit
ies
r-sa sses)
le
ent
s
16,988
For
ei
tran gn cu
rr
sla
tion ency
adj
ust
m
Re
tai
ear ned
nin
gs
($ in millions)
Ca
pit
add al sto
c
itio
nal k and
pai
d-in
cap
ital
Accumulated other comprehensive loss
25
25
4
(5)
(537)
98
2,687
25
Total comprehensive income
25
2,589
Changes in noncontrolling interests
-
6
6
Dividends paid to noncontrolling shareholders
-
(123)
(123)
Dividends paid
(1,626)
(1,626)
(1,626)
60
60
90
90
10
10
10
Replacement options issued in connection with acquisition
5
5
5
Other
1
1
Share-based payment arrangements
60
Delivery of shares
(6)
Call options
Balance at December 31, 2012
1,691
96
18,066
(580)
24
(2,004)
37
(2,523)
(328)
1
16,906
540
17,446
1,691
Comprehensive income:
Net income
(580)
24
(2,004)
37
(2,523)
s'
(328)
2,787
Foreign currency translation adjustments (net of tax of $(8))
Effect of change in fair value of available-for-sale securities (net of
tax of $(1))
Unrecognized income (expense) related to pensions and other
postretirement plans (net of tax of $171)
Change in derivatives qualifying as cash flow hedges (net of tax of
$(6))
149
(17)
394
(15)
Tot
al
equ stock
hol
ity
der
s'
inte
res
ont
roll
ing
2,907
(8)
141
(17)
(17)
394
394
(15)
(17)
3
397
115
3,413
(15)
(1,667)
(15)
(17)
25
8
-
(150)
(150)
(1,667)
(1,667)
71
71
74
74
13
13
13
2
2
2
(2)
(2)
(2)
71
Delivery of shares
(8)
Call options
See Notes to the Interim Consolidated Financial Information
No
nc
120
149
(17)
Share-based payment arrangements
Balance at December 31, 2013
17,446
3,298
Dividends paid
Other
540
2,787
Dividends paid to noncontrolling shareholders
Replacement options issued in connection with acquisition
16,906
149
Total comprehensive income
Changes in noncontrolling interests
ts
lde
r
Tot
al
equ ABB
sto
ity
ckh
o
k
to c
ys
Tre
asu
r
Tot
al
com accu
pre mula
hen
te
siv d oth
e lo
e
ss r
Un
rea
of c lized
ga
as
der h flow ins (l
o
iva
tive hedg sses
)
s
e
Pen
s
pos ion an
do
tret
th
ir
adj
ust emen er
t
me
nts plan
Un
rea
on lized
av
ga
sec ailabl ins (l
e-fo
o
urit
ies
r-sa sses)
le
ent
s
18,066
For
ei
tran gn cu
rr
sl a
tion ency
adj
ust
m
Re
tai
ear ned
nin
gs
($ in millions)
Balance at January 1, 2013
Ca
pit
add al sto
c
itio
nal k and
pai
d-in
c
api
ta l
Accumulated other comprehensive loss
1,750
82
19,186
(431)
7
(1,610)
22
(2,012)
(246)
18,678
530
19,208