Financial statements English (PDF, 22 KB)

ABB Ltd Interim Consolidated Income Statements (unaudited)
Year ended
($ in millions, except per share data in $)
Dec. 31, 2011
Three months ended
Dec. 31, 2010
Dec. 31, 2011
31'875
6'115
37'990
(22'649)
(3'907)
(26'556)
11'434
(5'373)
(1'371)
(23)
4'667
90
(207)
4'550
(1'244)
3'306
9
3'315
(147)
3'168
26'291
5'298
31'589
(18'607)
(3'453)
(22'060)
9'529
(4'615)
(1'082)
(14)
3'818
95
(173)
3'740
(1'018)
2'722
10
2'732
(171)
2'561
3'159
3'168
2'551
2'561
822
830
687
700
Basic earnings per share attributable to ABB shareholders:
Income from continuing operations, net of tax
Net income
1.38
1.38
1.12
1.12
0.36
0.36
0.30
0.31
Diluted earnings per share attributable to ABB shareholders:
Income from continuing operations, net of tax
Net income
1.38
1.38
1.11
1.12
0.36
0.36
0.30
0.31
2'288
2'291
2'287
2'291
2'290
2'291
2'285
2'289
Sales of products
Sales of services
Total revenues
Cost of products
Cost of services
Total cost of sales
Gross profit
Selling, general and administrative expenses
Non-order related research and development expenses
Other income (expense), net
Earnings before interest and taxes
Interest and dividend income
Interest and other finance expense
Income from continuing operations before taxes
Provision for taxes
Income from continuing operations, net of tax
Income from discontinued operations, net of tax
Net income
Net income attributable to noncontrolling interests
Net income attributable to ABB
Amounts attributable to ABB shareholders:
Income from continuing operations, net of tax
Net income
Weighted-average number of shares outstanding (in millions) used to compute:
Basic earnings per share attributable to ABB shareholders
Diluted earnings per share attributable to ABB shareholders
See Notes to the Interim Consolidated Financial Information
8'848
1'723
10'571
(6'441)
(1'137)
(7'578)
2'993
(1'437)
(399)
(34)
1'123
25
(35)
1'113
(247)
866
8
874
(44)
830
Dec. 31, 2010
7'628
1'551
9'179
(5'563)
(987)
(6'550)
2'629
(1'297)
(320)
(34)
978
25
(35)
968
(228)
740
13
753
(53)
700
ABB Ltd Interim Consolidated Balance Sheets (unaudited)
($ in millions, except share data)
Dec. 31, 2011
Dec. 31, 2010
Cash and equivalents
Marketable securities and short-term investments
Receivables, net
Inventories, net
Prepaid expenses
Deferred taxes
Other current assets
Total current assets
4'819
948
10'773
5'737
227
932
351
23'787
5'897
2'713
9'970
4'878
193
896
801
25'348
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
4'922
7'269
2'253
139
156
318
804
39'648
4'356
4'085
701
173
19
846
767
36'295
Accounts payable, trade
Billings in excess of sales
Employee and other payables
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
4'789
1'819
1'361
765
1'757
305
1'324
2'619
1'822
16'561
4'555
1'730
1'526
1'043
1'764
357
1'393
2'726
1'644
16'738
Long-term debt
Pension and other employee benefits
Deferred taxes
Other non-current liabilities
Total liabilities
3'231
1'487
537
1'496
23'312
1'139
831
411
1'718
20'837
1'621
16'988
(2'408)
1'454
15'389
(1'517)
(424)
15'777
559
16'336
39'648
(441)
14'885
573
15'458
36'295
Commitments and contingencies
Stockholders' equity:
Capital stock and additional paid-in capital (2,314,743,264 and 2,308,782,064
issued shares at December 31, 2011 and 2010, respectively)
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost (24,332,144 and 25,317,453 shares at December 31, 2011
and 2010, 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
Income 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
Dec. 31, 2011
3'315
Three months ended
Dec. 31, 2010
2'732
Dec. 31, 2011
Dec. 31, 2010
874
753
995
(49)
(34)
(47)
(4)
111
702
(51)
151
(39)
(3)
106
265
6
(58)
(24)
(3)
28
195
(96)
51
(22)
(1)
38
(731)
(600)
213
150
(391)
47
637
3'612
(407)
(264)
678
89
(69)
(25)
597
4'197
(114)
613
139
97
(51)
(38)
(60)
1'674
(142)
198
172
105
62
79
367
1'759
(2'809)
(142)
(1'021)
(3'391)
(65)
(2'165)
(840)
(1'910)
(2)
(445)
(846)
(393)
(407)
Investing activities:
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 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 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)
Changes in financing and other non-current receivables, net
Net cash used in investing activities
(4'020)
3'717
483
529
57
(1'313)
807
531
290
3'276
47
(384)
1'301
248
34
(22)
241
138
205
16
8
(55)
(3'253)
83
(7)
(2'747)
4
6
(1'148)
21
39
(1'008)
Financing activities:
Net changes in debt with original maturities of 90 days or less
Increase in debt
Repayment of debt
Issuance of shares
Transactions in treasury shares
Dividends paid
Dividends paid in the form of nominal value reduction
Acquisition of noncontrolling interests
Dividends paid to noncontrolling shareholders
Other
Net cash used in financing activities
450
2'580
(2'576)
105
5
(1'569)
(13)
(157)
(33)
(1'208)
52
277
(497)
16
(166)
(1'112)
(956)
(193)
49
(2'530)
(674)
1'112
(1'005)
(1)
(32)
(600)
(14)
80
(170)
10
(46)
(2)
(5)
36
(111)
(229)
(142)
(103)
(12)
(1'078)
(1'222)
(177)
628
Cash and equivalents, beginning of period
Cash and equivalents, end of period
5'897
4'819
7'119
5'897
4'996
4'819
5'269
5'897
Supplementary disclosure of cash flow information:
Interest paid
Taxes paid
165
1'305
94
884
62
353
22
186
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)
3'943
12'828
Comprehensive income:
Net income
(1'056)
20
(1'068)
20
(2'084)
(897)
349
(2)
148
Change in derivatives qualifying as cash flow hedges, net of tax
72
Cancellation of shares repurchased under buyback program
2'732
21
370
(2)
(2)
148
148
72
Call options
Balance at December 31, 2010
(3)
145
3'128
189
3'317
(836)
(110)
(946)
-
(189)
72
(1'112)
(619)
66
(2)
72
Treasury stock transactions
13
ers
'
171
349
(1'112)
Share-based payment arrangements
Tot
al
equ stock
hol
ity
d
2'561
349
(836)
Issuance of shares
inte
14'473
Dividends paid to noncontrolling shareholders
Dividends paid in the form of nominal value reduction
ont
roll
ing
683
Total comprehensive income
Changes in noncontrolling interests
No
nc
13'790
2'561
Foreign currency translation adjustments
Effect of change in fair value of available-for-sale securities, net
of tax
Unrecognized income related to pensions and other
postretirement plans, net of tax
re s
ts
k ho
ld e
rs'
Tot
al
equ ABB
s to
ity
c
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
Pe
ns
pos ion an
d
tre
adju tirem 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
(189)
(1'112)
619
-
-
(228)
(228)
(228)
66
66
65
78
78
(441)
14'885
(1)
(1)
1'454
15'389
(707)
18
(920)
92
(1'517)
(1)
573
15'458
1'454
Comprehensive income:
Net income
15'389
(707)
18
(920)
92
(1'517)
(441)
3'168
Foreign currency translation adjustments
Effect of change in fair value of available-for-sale securities, net
of tax
Unrecognized income (expense) related to pensions and other
postretirement plans, net of tax
(261)
2
(552)
Change in derivatives qualifying as cash flow hedges, net of tax
(80)
Issuance of shares
ers
'
Tot
al
equ stock
hol
ity
d
inte
ont
roll
ing
No
nc
15'458
147
3'315
(261)
(14)
(275)
2
2
(552)
(552)
(80)
2
3
(549)
136
2'413
(80)
2'277
(3)
Dividends paid
Share-based payment arrangements
573
3'168
Dividends paid to noncontrolling shareholders
Treasury stock transactions
14'885
(261)
Total comprehensive income
Changes in noncontrolling interests
re s
ts
k ho
ld e
rs'
Tot
al
equ ABB
s to
ity
c
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
Pe
ns
pos ion an
d
tre
adju tirem 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, 2011
Ca
pit
add al sto
c
itio
nal k and
paid
-in
cap
it
al
Accumulated other comprehensive loss
(1'569)
(80)
(3)
7
4
-
(157)
(157)
(1'569)
(12)
17
(1'569)
5
5
67
67
67
105
105
105
Call options
(9)
(9)
(9)
Replacement options issued in connection with acquisition
19
19
19
Balance at December 31, 2011
See Notes to the Interim Consolidated Financial Information
1'621
16'988
(968)
20
(1'472)
12
(2'408)
(424)
15'777
559
16'336