Financial statements English (PDF, 26 KB)

ABB Ltd Interim Consolidated Income Statements (unaudited)
Nine months ended
($ in millions, except per share data in $)
Sep. 30, 2010
Three months ended
Sep. 30, 2009
18,663
3,747
22,410
(13,044)
(2,466)
(15,510)
6,900
(4,080)
20
2,840
70
(138)
2,772
(790)
1,982
(3)
1,979
(118)
1,861
Amounts attributable to ABB shareholders:
Income from continuing operations, net of tax
Income (loss) from discontinued operations, net of tax
Net income
1,864
(3)
1,861
2,335
26
2,361
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
0.82
(0.01)
0.81
1.02
0.01
1.03
0.34
0.34
0.45
0.45
0.81
0.81
1.02
0.01
1.03
0.34
0.34
0.45
0.45
2,287
2,292
2,283
2,286
2,284
2,288
2,283
2,289
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
6,601
1,302
7,903
(4,558)
(841)
(5,399)
2,504
(1,366)
18
1,156
20
(51)
1,125
(304)
821
(2)
819
(45)
774
Sep. 30, 2009
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
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
19,522
3,512
23,034
(13,816)
(2,363)
(16,179)
6,855
(3,972)
445
3,328
93
(96)
3,325
(831)
2,494
26
2,520
(159)
2,361
Sep. 30, 2010
776
(2)
774
6,713
1,197
7,910
(4,803)
(800)
(5,603)
2,307
(1,333)
445
1,419
25
(63)
1,381
(297)
1,084
4
1,088
(54)
1,034
1,030
4
1,034
ABB Ltd Interim Consolidated Balance Sheets (unaudited)
($ in millions, except share data)
Sep. 30, 2010
Dec. 31, 2009
Cash and equivalents
Marketable securities and short-term investments
Receivables, net
Inventories, net
Prepaid expenses
Deferred taxes
Other current assets
Total current assets
5,269
2,353
9,806
5,109
250
804
740
24,331
7,119
2,433
9,451
4,550
236
900
540
25,229
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
457
4,092
4,124
737
118
32
1,046
362
35,299
452
4,072
3,026
443
112
49
1,052
293
34,728
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
4,394
1,627
1,382
253
1,698
346
1,284
2,514
1,572
15,070
3,853
1,623
1,326
161
1,806
327
1,280
2,603
1,600
14,579
Long-term debt
Pension and other employee benefits
Deferred taxes
Other non-current liabilities
Total liabilities
2,080
1,163
490
1,957
20,760
2,172
1,179
328
1,997
20,255
1,421
14,689
(1,706)
3,943
12,828
(2,084)
(386)
14,018
521
14,539
35,299
(897)
13,790
683
14,473
34,728
Commitments and contingencies
Stockholders' equity:
Capital stock and additional paid-in capital (2,307,491,247 issued
shares at September 30, 2010 and 2,329,324,797 issued
shares at December 31, 2009)
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost (23,564,509 shares at September 30, 2010
and 39,901,593 shares at December 31, 2009)
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)
Nine months 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) and increases in interests
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 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 used in financing activities
Effects of exchange rate changes on cash and equivalents
Net change in cash and equivalents - continuing operations
Cash and equivalents beginning of period
Cash and equivalents end of period
Supplementary disclosure of cash flow information:
Interest paid
Taxes paid
See Notes to the Interim Consolidated Financial Information
Sep. 30, 2010
1,979
Three months ended
Sep. 30, 2009
2,520
Sep. 30, 2010
819
Sep. 30, 2009
1,088
522
45
100
(17)
(2)
53
467
(1)
(11)
(11)
1
(13)
186
15
30
(3)
27
169
(10)
(10)
(2)
1
16
(265)
(462)
506
(16)
(131)
(104)
230
2,438
172
398
(703)
56
(370)
(18)
(243)
2,244
35
(55)
186
(60)
(4)
(8)
194
1,362
137
413
(198)
(14)
(433)
15
109
1,281
(46)
(2,545)
(65)
(1,772)
(433)
(2)
(59)
(799)
(2,071)
(624)
(26)
(867)
(196)
(153)
(17)
(238)
(1,720)
(215)
(2,245)
566
393
290
3,071
31
(155)
63
855
273
448
23
(1,091)
16
173
50
126
7
(100)
21
273
356
5
62
(2,693)
10
(20)
(2,058)
(3)
(1,964)
3
(1,632)
66
197
(327)
6
(120)
(1,112)
(188)
13
(1,465)
(28)
440
(523)
3
(1,027)
(191)
(14)
(1,340)
30
30
(60)
6
(16)
(1,112)
(71)
4
(1,189)
(34)
123
(174)
3
(1,027)
(85)
20
(1,174)
(130)
(1,850)
257
(897)
524
205
(1,267)
(1,320)
7,119
5,269
6,399
5,502
6,536
5,269
6,822
5,502
72
698
122
829
26
199
37
275
ABB Ltd Interim Consolidated Statements of Changes in Stockholders' Equity (unaudited)
4,841
9,927
Comprehensive income:
Net income
(1,654)
83
(978)
(161)
(2,710)
(900)
2,361
Foreign currency translation adjustments
Effect of change in fair value of available-for-sale securities, net
of tax
Unrecognized income (loss) related to pensions and other
postretirement plans, net of tax
672
(62)
(24)
Change in derivatives qualifying as cash flow hedges, net of tax
170
No
nc
ont
roll
ing
Tot
al
equ stock
hol
ity
d
inte
ers
'
re s
ts
ho
lde
rs'
Tot
al
equ ABB
s to
ity
ck
ry s
to c
k
asu
Tre
Tot
al
com accu
pre mula
hen
te
siv d oth
e lo
e
ss r
Un
rea
cas lized
h
ga
der flow h in (lo
iva
s
tive edge s) of
s
Pen
s
pos ion an
d
tr
adju etirem other
s tm e n t
pla
ent
n
s
Un
rea
ava lized
ga
ila
sec ble-fo in (lo
s
urit
r
ies -sale s) on
For
eig
tran n cu
rr
sla
tion ency
adju
stm
ent
Re
tain
ear ed
nin
gs
($ in millions)
Balance at January 1, 2009
Ca
pit
add al sto
c
itio
nal k and
paid
-in
cap
it
al
Accumulated other comprehensive loss
11,158
612
11,770
2,361
159
2,520
672
672
6
678
(62)
(62)
(24)
(24)
170
(62)
(3)
(27)
162
3,279
170
Total comprehensive income
170
3,117
Changes in noncontrolling interests
-
17
17
Dividends paid to noncontrolling shareholders
-
(193)
(193)
Dividends paid in the form of nominal value reduction
(1,024)
Treasury stock transactions
(3)
Share-based payment arrangements
54
Issuance of shares
Call options
Balance at September 30, 2009
(1,024)
3
(1,024)
-
-
54
54
3
3
3
22
22
22
3,893
12,288
(982)
21
(1,002)
9
(1,954)
(897)
13,330
598
13,928
3,943
Comprehensive income:
Net income
12,828
(1,056)
20
(1,068)
20
(2,084)
1,861
Foreign currency translation adjustments
Effect of change in fair value of available-for-sale securities, net
of tax
Unrecognized income (loss) related to pensions and other
postretirement plans, net of tax
226
5
74
Change in derivatives qualifying as cash flow hedges, net of tax
73
Cancellation of shares repurchased under buyback program
Treasury stock transactions
118
1,979
226
13
239
5
5
5
74
74
74
73
73
(834)
(1,112)
73
2,239
131
2,370
(834)
(104)
(938)
-
(189)
(1,112)
(189)
(1,112)
(619)
619
-
-
(12)
(108)
(120)
(120)
56
56
56
Call options
(1)
(1)
See Notes to the Interim Consolidated Financial Information
ers
'
14,473
Share-based payment arrangements
Balance at September 30, 2010
Tot
al
equ stock
hol
ity
d
inte
ont
roll
ing
No
nc
683
1,861
Dividends paid to noncontrolling shareholders
Dividends paid in the form of nominal value reduction
13,790
226
Total comprehensive income
Changes in noncontrolling interests
re s
ts
ho
lde
rs'
(897)
Tot
al
equ ABB
s to
ity
ck
ry s
to c
k
asu
Tre
Tot
al
com accu
pre mula
hen
te
siv d oth
e lo
e
ss r
Un
rea
cas lized
h
ga
der flow h in (lo
iva
s
tive edge s) of
s
Pen
s
pos ion an
d
tr
adju etirem other
s tm e n t
pla
ent
n
s
Un
rea
ava lized
ga
ila
sec ble-fo in (lo
s
urit
r
ies -sale s) on
For
eig
tran n cu
rr
sla
tion ency
adju
stm
ent
Re
tain
ear ed
nin
gs
($ in millions)
Balance at January 1, 2010
Ca
pit
add al sto
c
itio
nal k and
paid
-in
cap
it
al
Accumulated other comprehensive loss
1,421
14,689
(830)
25
(994)
93
(1,706)
(386)
14,018
(1)
521
14,539