ABB Ltd
Income Statement
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.24B | $29.45B | $28.95B | $26.13B | $27.98B | $27.66B | $25.20B | $24.93B |
| Cost of Revenue | $21.02B | $19.74B | $19.48B | $18.26B | $19.07B | $19.12B | $17.35B | $17.40B |
| Gross Profit | $11.21B | $9.71B | $9.47B | $7.88B | $8.91B | $8.54B | $7.85B | $7.53B |
| Gross Margin | 34.8% | 33.0% | 32.7% | 30.1% | 31.8% | 30.9% | 31.1% | 30.2% |
| Operating Expenses | ||||||||
| Research & Development | $1.32B | $1.17B | $1.22B | $1.13B | $1.20B | $1.15B | $1.01B | $967.0M |
| SG&A Expense | $5.54B | $5.13B | $5.16B | $4.90B | $5.45B | $5.30B | $4.77B | $4.53B |
| Operating Income | $4.87B | $3.34B | $5.72B | $1.59B | $1.94B | $2.23B | $2.23B | $1.93B |
| Operating Margin | 15.1% | 11.3% | 19.8% | 6.1% | 6.9% | 8.0% | 8.9% | 7.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $4.78B | $3.39B | $5.79B | $841.0M | $1.86B | $2.12B | $2.10B | $1.76B |
| Income Tax Expense | $930.0M | $757.0M | $1.06B | $496.0M | $772.0M | $544.0M | $583.0M | $526.0M |
| Net Income | $3.82B | $2.59B | $4.65B | $5.21B | $1.53B | $2.30B | $2.37B | $2.03B |
| Net Margin | 11.9% | 8.8% | 16.1% | 19.9% | 5.5% | 8.3% | 9.4% | 8.2% |
| EPS (Basic) | $2.02 | $1.30 | $2.27 | $2.44 | $0.67 | $1.02 | $1.04 | $0.88 |
| EPS (Diluted) | $2.01 | $1.30 | $2.25 | $2.43 | $0.67 | $1.02 | $1.03 | $0.88 |
| Shares Outstanding (Basic) | 1.86B | 1.90B | 2.00B | 2.11B | 2.13B | 2.13B | 2.14B | 2.15B |
| Shares Outstanding (Diluted) | 1.87B | 1.91B | 2.02B | 2.12B | 2.14B | 2.14B | 2.15B | 2.15B |
| Dividends Per Share | — | — | — | — | — | — | — | — |