Financial statements English (PDF, 23 KB)

ABB Ltd Interim Consolidated Income Statements (unaudited)
Year ended
($ in millions, except per share data in $)
Dec. 31, 2009
Dec. 31, 2008
Dec. 31, 2009
Dec. 31, 2008
29,705
5,207
34,912
(20,506)
(3,466)
(23,972)
10,940
(5,822)
(566)
4,552
315
(349)
4,518
(1,119)
3,399
(21)
3,378
(260)
3,118
7,298
1,463
8,761
(5,241)
(1,050)
(6,291)
2,470
(1,556)
(116)
798
28
(31)
795
(170)
625
(9)
616
(76)
540
7,779
1,361
9,140
(5,597)
(946)
(6,543)
2,597
(1,502)
(636)
459
65
(210)
314
(5)
309
(20)
289
(76)
213
2,884
17
2,901
3,142
(24)
3,118
549
(9)
540
234
(21)
213
Basic earnings per share attributable to ABB shareholders:
Income from continuing operations, net of tax
Income (loss) from discontinued operations, net of tax
Net income
1.26
0.01
1.27
1.37
(0.01)
1.36
0.24
0.00
0.24
0.10
(0.01)
0.09
Diluted earnings per share attributable to ABB shareholders:
Income from continuing operations, net of tax
Income (loss) from discontinued operations, net of tax
Net income
1.26
0.01
1.27
1.37
(0.01)
1.36
0.24
0.00
0.24
0.10
(0.01)
0.09
2,284
2,288
2,287
2,296
2,286
2,291
2,283
2,285
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
Other income (expense), net
Earnings before interest and taxes
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
Income (loss) from discontinued operations, net of tax
Net income
Average number of shares (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
26,820
4,975
31,795
(19,057)
(3,413)
(22,470)
9,325
(5,528)
329
4,126
121
(127)
4,120
(1,001)
3,119
17
3,136
(235)
2,901
Three months ended
ABB Ltd Interim Consolidated Balance Sheets (unaudited)
($ in millions, except share data)
Dec. 31, 2009
Dec. 31, 2008
Cash and equivalents
Marketable securities and short-term investments
Receivables, net
Inventories, net
Prepaid expenses
Deferred taxes
Other current assets
Total current assets
7,119
2,433
9,451
4,550
236
900
540
25,229
6,399
1,354
9,245
5,306
237
920
776
24,237
Financing receivables, net
Property, plant and equipment, net
Goodwill
Other intangible assets, net
Prepaid pension and other employee benefits
Investments in equity method companies
Deferred taxes
Other non-current assets
Total assets
452
4,072
3,026
443
112
49
1,052
293
34,728
445
3,562
2,817
411
73
68
1,120
278
33,011
Accounts payable, trade
Billings in excess of sales
Accounts payable, other
Short-term debt and current maturities of long-term debt
Advances from customers
Deferred taxes
Provisions for warranties
Provisions and other current liabilities
Accrued expenses
Total current liabilities
3,853
1,623
1,326
161
1,806
327
1,280
2,603
1,600
14,579
4,451
1,224
1,292
354
2,014
428
1,105
3,467
1,569
15,904
Long-term debt
Pension and other employee benefits
Deferred taxes
Other non-current liabilities
Total liabilities
2,172
1,179
328
1,997
20,255
2,009
1,071
355
1,902
21,241
3,943
12,828
(2,084)
4,841
9,927
(2,710)
(897)
13,790
683
14,473
34,728
(900)
11,158
612
11,770
33,011
Stockholders' equity:
Capital stock and additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost (39,901,593 shares and 40,108,014 shares
at December 31, 2009 and 2008, 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 postretirement benefits
Deferred taxes
Net gain from sale of property, plant and equipment
Income (loss) from equity accounted companies
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
Investing activities:
Changes in financing receivables
Purchases of marketable securities (available-for-sale)
Purchases of marketable securities (held-to-maturity)
Purchases of short-term investments
Purchases of property, plant and equipment and intangible assets
Acquisition of businesses (net of cash acquired)
Proceeds from sales of marketable securities (available-for-sale)
Proceeds from maturity of marketable securities (available-for-sale)
Proceeds from maturity of marketable securities (held-to-maturity)
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
Net cash provided by (used in) investing activities
Financing activities:
Net changes in debt with maturities of 90 days or less
Increase in debt
Repayment of debt
Issuance of shares
Purchase of treasury shares
Dividends paid in the form of nominal value reduction
Dividends paid to noncontrolling shareholders
Other
Net cash provided by (used in) financing activities
Dec. 31, 2009
3,136
Three months ended
Dec. 31, 2008
3,378
Dec. 31, 2009
Dec. 31, 2008
616
289
655
(28)
(56)
(15)
2
(6)
661
43
(199)
(49)
(15)
233
188
(27)
(45)
(4)
1
7
178
(3)
(421)
(15)
(3)
169
256
1,130
(718)
295
(241)
(316)
(67)
4,027
(1,266)
(800)
522
539
677
130
104
3,958
84
732
(15)
239
129
(298)
176
1,783
(73)
217
121
105
814
(219)
236
1,395
(7)
(243)
(918)
(3,824)
(967)
(209)
79
855
730
2,253
36
7
(1,081)
-(2,512)
(1,171)
(653)
110
--5,305
94
(5)
(184)
(119)
(1,753)
(343)
(54)
16
-457
1,805
13
8
(694)
-(102)
(435)
(101)
32
--1,109
49
16
(21)
(2,220)
46
(31)
114
6
(1)
(162)
--(134)
(59)
586
(705)
89
-(1,027)
(193)
8
(1,301)
(10)
458
(786)
49
(621)
(1,060)
(152)
3
(2,119)
(31)
146
(182)
86
--(2)
22
39
(42)
135
(145)
-(15)
-(3)
(60)
(130)
(230)
(43)
(79)
Effects of exchange rate changes on cash and equivalents
214
Adjustment for the net change in cash and equivalents in assets held for
sale and in discontinued operations
Net change in cash and equivalents - continuing operations
-720
26
1,749
-1,617
-1,052
Cash and equivalents beginning of period
Cash and equivalents end of period
6,399
7,119
4,650
6,399
5,502
7,119
5,347
6,399
Supplementary disclosure of cash flow information:
Interest paid
Taxes paid
156
1,090
244
1,065
34
261
70
272
See Notes to the Interim Consolidated Financial Information
ABB Ltd Interim Consolidated Statements of Changes in Stockholders' Equity (unaudited)
6,809
(486)
55
(1,330)
(302)
3,118
Foreign currency translation adjustments
Foreign currency translation adjustments related to
divestments of businesses
Effect of change in fair value of available-for-sale
securities, net of tax
Unrecognized gain (loss) related to pensions and other
postretirement plans, net of tax
Change in derivatives qualifying as cash flow
hedges, net of tax
No
nco
nt
roll
in
Tot
al
equ stock
ho
ity
lde
rs
'
g in
tere
sts
lde
rs'
ho
Tot
al
equ ABB
sto
ity
ck
k
ry s
toc
asu
Tre
Tot
al
com accu
pre mula
hen
te
siv d oth
e lo
e
ss r
Re
tain
ear ed
nin
gs
5,780
Comprehensive income:
Net income
Un
rea
cas lized
ga
h
der flow h in (lo
s
iva
tive edge s) of
s
7
ent
apit
a
Ca
pit
add al sto
c
itio
nal k and
paid
-in
c
($ in millions)
Balance at January 1, 2008
Pen
s
pos ion an
d
tre
adju tirem other
stm ent
pla
ent
n
s
Un
rea
ava lized
ga
ila
sec ble-fo in (lo
s
urit
r
ies -sale s) on
(906)
l
For
eig
tran n cu
rr
sla
tion ency
adju
stm
Accumulated other comprehensive loss
10,957
592
11,549
3,118
260
3,378
(754)
(754)
(754)
(41)
(795)
6
6
6
76
76
(1)
75
(492)
(492)
1
(491)
219
1,957
76
(492)
(216)
(216)
6
(216)
Total comprehensive income
(216)
1,738
Changes in noncontrolling interests
--
(45)
(45)
Dividends paid to noncontrolling shareholders
--
(154)
(154)
Dividends paid in the form of nominal value reduction
(1,060)
Shares repurchased under buyback program
Treasury stock transactions
(1,060)
(1,060)
(619)
(619)
(619)
21
--
--
(21)
Share-based payment arrangements
63
63
63
Issuance of shares
49
49
49
Call options
30
30
Balance at December 31, 2008
4,841
9,927
(1,654)
83
(978)
(161)
(2,710)
(900)
30
11,158
612
11,770
4,841
Comprehensive income:
Net income
(978)
(161)
(2,710)
(900)
2,901
Foreign currency translation adjustments
Effect of change in fair value of available-for-sale
securities, net of tax
Unrecognized loss related to pensions and other
postretirement plans, net of tax
Change in derivatives qualifying as cash flow hedges, net
of tax
598
(63)
(90)
181
235
3,136
598
12
610
(63)
(63)
(90)
(90)
181
(1,024)
Share-based payment arrangements
(63)
(2)
(92)
245
3,772
181
(49)
(3)
Tot
al
equ stock
ho
ity
lde
rs
11,770
3,527
Treasury stock transactions
'
g in
tere
roll
in
No
nco
nt
612
2,901
Dividends paid to noncontrolling shareholders
Dividends paid in the form of nominal value reduction
11,158
598
Total comprehensive income
Changes in noncontrolling interests
sts
lde
rs'
ho
Tot
al
equ ABB
sto
ity
ck
k
ry s
toc
asu
Tre
Tot
al
com accu
pre mula
hen
te
siv d oth
e lo
e
ss r
Re
tain
ear ed
nin
gs
9,927
Un
rea
cas lized
ga
h
der flow h in (lo
s
iva
tive edge s) of
s
83
ent
apit
a
Ca
pit
add al sto
c
itio
nal k and
paid
-in
c
($ in millions)
Balance at January 1, 2009
Pen
s
pos ion an
d
tre
adju tirem other
stm ent
pla
ent
n
s
Un
rea
ava lized
ga
ila
sec ble-fo in (lo
s
urit
r
ies -sale s) on
(1,654)
l
For
eig
tran n cu
rr
sla
tion ency
adju
stm
Accumulated other comprehensive loss
181
(49)
20
(29)
--
(194)
(194)
(1,024)
(1,024)
--
--
66
66
66
Issuance of shares
90
90
90
Call options
22
22
Balance at December 31, 2009
See Notes to the Interim Consolidated Financial Information
3,943
3
12,828
(1,056)
20
(1,068)
20
(2,084)
(897)
13,790
22
683
14,473