AbbVie Inc.

NYSE-ABBV

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	188	941	1,289	-23	1,564	1,373
Net Earnings
Depreciation & Amortization	2,063	2,050	2,039	2,102	2,079	2,131
Depreciation
Amortization of Intangible Assets
Stock Based Compensation	209	179	410	164	181	218
Stock-Based Compensation
Other Adjustments	3,311	2,545	477	5,202	3,111	1,931
Deferred Income Taxes
Change in Fair Value of Contingent Consideration Liabilities
Payments of Contingent Consideration Liabilities
Acquired IPR&D and Milestones
Devaluation Loss Related to Venezuela
Other Charges Related to Collaborations
Gain on Divestitures
Non-Cash Litigation Reserve Adjustments, Net of Cash Payments
Impairment of Intangible Assets
Impacts Related to U.S. Tax Reform
Other, Net
Changes in Trade Receivables	-156	-17	-1,479	387	344	178
Accounts Receivable
Changes in Inventories	2	-56	-155	-128	-64	-52
Inventories
Changes in Income Taxes Payable	-411	-1,375	378	-1,803	51	-1,834
Income Tax Assets and Liabilities, Net
Changes in Other Operating Activities	1,818	886	-1,324	1,147	419	-1,674
Prepaid Expenses and Other Assets
Accounts Payable and Other Liabilities
Cash from Operating Activities	7,024	5,153	1,635	7,048	5,447	2,271
Cash Flows from Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-381	-269	-235	-291	-249	-241
Acquisitions of Property and Equipment
Purchases of Investments	-7	-12	-10	-27	-24	-16
Purchases of Investment Securities
Proceeds from Sale of Investments	3	7	32	39	507	3
Sales and Maturities of Investment Securities
Payments for Business Acquisitions	-2,802	-1,042	-538	-5,939	-8,493	-5,442.5
Acquisitions and Investments
Acquisitions of Businesses, Net of Cash Acquired
Other Acquisitions and Investments, Net of Cash Acquired
Other Investing Activities	-77	33	16	197	3	-5
Other, Net
Cash from Investing Activities	-3,264	-1,181	-735	-1,874	-8,256	-1,102
Cash Flows from Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	791	4,007	—	—	—	2,504
Proceeds from Issuance of Other Short-Term Borrowings
Repayments of Short-Term Debt	-2,007	—	—	—	—	-3
Repayments of Other Short-Term Borrowings
Net Issuance / (Repayments) of Short-Term Debt	-1,216	4,007	—	—	—	2,501
Issuance of Long-Term Debt	—	1,997	3,994	2,000	1,000	7,481.5
Proceeds from Issuance of Long-Term Debt
Repayments of Long-Term Debt	-9	-3,754	-3,026	-5,762	-403	-3,345
Repayments of Long-Term Debt and Finance Lease Obligations
Net Issuance / (Repayments) of Long-Term Debt	-9	-1,757	968	-3,762	597	4,136.5
Issuance of Common Shares	63	5	56	10	67	10
Proceeds from the Exercise of Stock Options
Repurchases of Common Shares	-4	-12	-961	-358	-17	-9
Purchases of Treasury Stock
Net Issuance / (Repurchases) of Common Shares	59	-7	-905	-348	50	1
Common Share Dividends Paid	-2,911	-2,910	-2,925	-2,752	-2,751	-2,750
Dividends Paid
Other Financing Activities	-513	-46	1,604	1	32	-37.5
Net Change in Short-Term Borrowings
Net Change in Commercial Paper Borrowings with Original Maturities of Three Months or Less
Debt Issuance Costs
Payments of Contingent Consideration Liabilities
Other, Net
Cash from Financing Activities	-4,590	-2,710	-1,258	-6,861	-3,072	-6,097
Cash Flows from Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	6,643	4,884	1,400	6,757	5,198	2,030
NOPAT	501.3	2,963.5	2,897	-15.1	2,875.1	2,557.9
Levered Free Cash Flow	2,052	4,424	2,957	-2,757	4,394	6,337.5
Unlevered Free Cash Flow	3,592.3	4,199.5	3,600	1,011.9	5,111.1	887.9
Net Change in Cash	-830	1,262	-358	-1,687	-5,881	-4,928