AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals in the worldwide. The company offers HUMIRA, a therapy administered as an injection for autoimmune and intestinal Behçet's diseases; SKYRIZI to treat moderate to severe plaque psoriasis in adults; RINVOQ, a JAK inhibitor for the treatment of moderate to severe active rheumatoid arthritis in adult patients; IMBRUVICA to treat adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), and VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection. It also provides CREON, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid used in the treatment of hypothyroidism; Linzess/Constella to treat irritable bowel syndrome with constipation and chronic idiopathic constipation; Lupron for the palliative treatment of advanced prostate cancer, endometriosis and central precocious puberty, and patients with anemia caused by uterine fibroids; and Botox therapeutic. In addition, the company offers ORILISSA, a nonpeptide small molecule gonadotropin-releasing hormone antagonist for women with moderate to severe endometriosis pain; Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; Lumigan/Ganfort, a bimatoprost ophthalmic solution for the reduction of elevated intraocular pressure (IOP) in patients with open angle glaucoma (OAG) or ocular hypertension; Ubrelvy to treat migraine with or without aura in adults; Alphagan/ Combigan, an alpha-adrenergic receptor agonist for the reduction of IOP in patients with OAG; and Restasis, a calcineurin inhibitor immunosuppressant to increase tear production, as well as other eye care products. AbbVie Inc. has a research collaboration with Dragonfly Therapeutics, Inc. The company was incorporated in 2012 and is headquartered in North Chicago, Illinois.

AbbVie Inc.

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Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	59,644	56,334	54,318	58,054	56,197	45,804	33,266	32,753	28,216	25,638	22,859
Total Revenues %Chg	7.4%	3.7%	-6.4%	3.3%	22.7%	37.7%	1.6%	16.1%	10.1%	12.2%	14.5%
Net Revenues
Cost of Sales	18,048	16,904	20,415	17,414	17,446	15,387	7,439	7,718	7,042	5,832	4,500
Gross Profit	41,596	39,430	33,903	40,640	38,751	30,417	25,827	25,035	21,174	19,806	18,359
Gross Profit Margin	69.7%	70%	62.4%	70%	69%	66.4%	77.6%	76.4%	75%	77.3%	80.3%
Selling, General & Administrative Expenses	13,970	14,752	12,872	15,260	12,349	11,299	6,942	7,399	6,295	5,881	6,387
Research & Development Expenses	13,291	12,791	7,675	6,510	6,922	6,379	6,407	10,329	5,007	4,385	4,285
Research and Development
Other Operating Expenses	5,325	2,750	599	753	1,556	1,376	-505	924	327	200	150
Acquired IPR&D and Milestones
Other Operating Expense, Net
Operating Profit	9,041	9,137	12,757	18,117	17,924	11,363	12,983	6,383	9,545	9,340	7,537
Operating Earnings
Operating Margin	15.2%	16.2%	23.5%	31.2%	31.9%	24.8%	39%	19.5%	33.8%	36.4%	33%
Interest Expense	-2,582	-2,160	-1,684	-2,044	-2,384	-2,280	-1,509	-1,144	-1,004	-965	-686
Non-Operating Income	-4,799	-3,261	-4,823	-2,596	-2,551	-5,685	-3,048	-42	-814	-491	-206
Net Foreign Exchange Loss
Other Expense, Net
Total Non-Operating Income	-7,381	-5,421	-6,507	-4,640	-4,935	-7,965	-4,557	-1,186	-1,818	-1,456	-892
Income Before Provision for Income Taxes	1,660	3,716	6,250	13,477	12,989	3,398	8,426	5,197	7,727	7,884	6,645
Earnings Before Income Tax Expense
Provision for Income Taxes	-735	-570	1,377	1,632	1,440	-1,224	544	-490	2,418	1,931	1,501
Consolidated Net Income	2,395	4,286	4,873	11,845	11,549	4,622	7,882	5,687	5,309	5,953	5,144
Net Earnings
Net Income Attributable to Minority Interests and Other	7	8	10	9	7	6	—	—	—	—	—
Net Earnings Attributable to Noncontrolling Interest
Net Income Attributable to Common Shareholders	2,388	4,278	4,863	11,836	11,542	4,616	7,882	5,687	5,309	5,953	5,144
Basic EPS	1.3	2.4	2.7	6.7	6.5	2.7	5.3	3.7	3.3	3.7	3.2
Diluted EPS	1.3	2.4	2.7	6.6	6.5	2.7	5.3	3.7	3.3	3.6	3.1
Basic Weighted Average Shares Outstanding	1,768.5	1,769	1,768	1,771	1,770	1,667	1,481	1,541	1,596	1,622	1,625
Total Shares Outstanding	1,767.4	1,765.3	1,765.9	1,769.2	1,768.3	1,765.1	1,478.9	1,478.8	1,592.1	1,592.5	1,609.9
Diluted Weighted Average Shares Outstanding	1,771	1,773	1,773	1,778	1,777	1,673	1,484	1,546	1,603	1,631	1,637
EBITDA	17,295	17,523	21,455	26,584	26,445	17,834	15,000	8,148	11,046	10,529	8,373
Effective Tax Rate	-44.3%	-15.3%	22%	12.1%	11.1%	-36%	6.5%	-9.4%	31.3%	24.5%	22.6%