ABBOTT LABORATORIES
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
ABT$110.51+0.5%Stored close · as of Nov 9, 2026
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Consolidated Statement of Earnings
(in millions except per share data)
| Year Ended December 31 | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net Sales | $41,950 | $40,109 | $43,653 |
| Cost of products sold, excluding amortization of intangible assets | 18,706 | 17,975 | 19,142 |
| Amortization of intangible assets | 1,878 | 1,966 | 2,013 |
| Research and development | 2,844 | 2,741 | 2,888 |
| Selling, general and administrative | 11,697 | 10,949 | 11,248 |
| Total Operating Cost and Expenses | 35,125 | 33,631 | 35,291 |
| Operating Earnings | 6,825 | 6,478 | 8,362 |
| Interest expense | 559 | 637 | 558 |
| Interest income | (344) | (385) | (183) |
| Net foreign exchange (gain) loss | (27) | 41 | 2 |
| Other (income) expense, net | (376) | (479) | (321) |
| Earnings before Taxes | 7,013 | 6,664 | 8,306 |
| Taxes on Earnings | (6,389) | 941 | 1,373 |
| Net Earnings | $13,402 | $5,723 | $6,933 |
| Basic Earnings Per Common Share | $7.67 | $3.28 | $3.94 |
| Diluted Earnings Per Common Share | $7.64 | $3.26 | $3.91 |
| Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share | 1,740 | 1,740 | 1,753 |
| Dilutive Common Stock Options | 8 | 9 | 11 |
| Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options | 1,748 | 1,749 | 1,764 |
| Outstanding Common Stock Options Having No Dilutive Effect | 7 | 5 | 3 |
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