Abbott Laboratories Abbott Laboratories Consolidated Statement of Earnings Fye 12/31/2019, 2018, & 2017 Consolidated Statement of Earnings (Vertical Analysis) Fye 12/31/2019, 2018, & 2017 (Amounts are in millions, except per share amounts) Net Sales Cost of products sold, excluding amortization of intangible assets (Amounts are in millions, except per share amounts) Net Sales Cost of products sold, excluding amortization of intangible assets Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense Interest income 12/31/19 12/31/18 12/31/17 12/31/19 12/31/18 12/31/17 100% 42% $31,904 13,231 1,936 2,440 9.765 $27,390 12,409 1,975 2,260 100% 41% 100% $30,578 12,706 2,178 2,300 9.744 26,928 3,650 45% Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense Interest income 9.182 25,826 1.564 45% 55% 27,372 41% 59% 42% 4,532 58% 670 826 904 (94) (105) (124) (34) Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes 28 63 167 (139)| 2,873 539 2,334 34 $2.368 (1,413) 2.231 1,878 353 124 $477 (191) 59% 58% 55% 4.077 390 3,687 59% Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes Net Earnings 58% 55% $3.687 Net Earnings 59% 58% 55%
Abbott Laboratories Abbott Laboratories Consolidated Statement of Earnings Fye 12/31/2019, 2018, & 2017 Consolidated Statement of Earnings (Vertical Analysis) Fye 12/31/2019, 2018, & 2017 (Amounts are in millions, except per share amounts) Net Sales Cost of products sold, excluding amortization of intangible assets (Amounts are in millions, except per share amounts) Net Sales Cost of products sold, excluding amortization of intangible assets Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense Interest income 12/31/19 12/31/18 12/31/17 12/31/19 12/31/18 12/31/17 100% 42% $31,904 13,231 1,936 2,440 9.765 $27,390 12,409 1,975 2,260 100% 41% 100% $30,578 12,706 2,178 2,300 9.744 26,928 3,650 45% Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense Interest income 9.182 25,826 1.564 45% 55% 27,372 41% 59% 42% 4,532 58% 670 826 904 (94) (105) (124) (34) Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes 28 63 167 (139)| 2,873 539 2,334 34 $2.368 (1,413) 2.231 1,878 353 124 $477 (191) 59% 58% 55% 4.077 390 3,687 59% Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes Net Earnings 58% 55% $3.687 Net Earnings 59% 58% 55%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Please complet the vertical analysis table and summurize your observations about changes in finacial trends, in the following income statement line items ( net sales, operting income and net earnings attributable to proter and gamble)
![Abbott Laboratories
Abbott Laboratories
Consolidated Statement of Earnings
Consolidated Statement of Earnings (Vertical Analysis)
Fye 12/31/2019, 2018, & 2017
Fye 12/31/2019, 2018, & 2017
12/31/19
$31,904
12/31/18
$30,578
12,706
12/31/17
$27,390
12,409
1,975
2,260
9,182
25,826
(Amounts are in millions, except per share amounts)
(Amounts are in millions, except per share amounts)
12/31/19
12/31/18
12/31/17
Net Sales
Net Sales
100%
100%
100%
Cost of products sold, excluding amortization of intangible assets
Amortization of intangible assets
Research and development
Selling, general and administrative
Total Operating Cost and Expenses
Operating Earnings
Interest expense
41%
42%
45%
Cost of products sold, excluding amortization of intangible assets
Amortization of intangible assets
Research and development
Selling, general and administrative
Total Operating Cost and Expenses
Operating Earnings
Interest expense
13,231
1,936
2,440
9,765
27,372
4,532
2,178
2,300
9,744
26,928
41%
42%
45%
3,650
1,564
59%
58%
55%
670
826
904
Interest income
(94)
(105)
Interest income
(124)
(34)
Net foreign exchange (gain) loss
Debt extinguishment costs
Other (income) expense, net
Earnings from Continuing Operations Before Taxes
Taxes on Earnings from Continuing Operations
Earnings from Continuing Operations
Net Earnings from Discontinued Operations, net of taxes
Net Earnings
Net foreign exchange (gain) loss
Debt extinguishment costs
Other (income) expense, net
Earnings from Continuing Operations Before Taxes
Taxes on Earnings from Continuing Operations
Earnings from Continuing Operations
Net Earnings from Discontinued Operations, net of taxes
Net Earnings
7
28
63
167
(191)
4,077
(1,413)
2,231
1,878
(139)
2,873
59%
58%
55%
390
539
3,687
2,334
353
59%
58%
55%
34
124
$3,687
$2,368
$477
59%
58%
55%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3cca2471-f089-4df3-91eb-fc0372255974%2F9ddd7d4f-5466-4981-a134-657c4907e25a%2Fw1j6the_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Abbott Laboratories
Abbott Laboratories
Consolidated Statement of Earnings
Consolidated Statement of Earnings (Vertical Analysis)
Fye 12/31/2019, 2018, & 2017
Fye 12/31/2019, 2018, & 2017
12/31/19
$31,904
12/31/18
$30,578
12,706
12/31/17
$27,390
12,409
1,975
2,260
9,182
25,826
(Amounts are in millions, except per share amounts)
(Amounts are in millions, except per share amounts)
12/31/19
12/31/18
12/31/17
Net Sales
Net Sales
100%
100%
100%
Cost of products sold, excluding amortization of intangible assets
Amortization of intangible assets
Research and development
Selling, general and administrative
Total Operating Cost and Expenses
Operating Earnings
Interest expense
41%
42%
45%
Cost of products sold, excluding amortization of intangible assets
Amortization of intangible assets
Research and development
Selling, general and administrative
Total Operating Cost and Expenses
Operating Earnings
Interest expense
13,231
1,936
2,440
9,765
27,372
4,532
2,178
2,300
9,744
26,928
41%
42%
45%
3,650
1,564
59%
58%
55%
670
826
904
Interest income
(94)
(105)
Interest income
(124)
(34)
Net foreign exchange (gain) loss
Debt extinguishment costs
Other (income) expense, net
Earnings from Continuing Operations Before Taxes
Taxes on Earnings from Continuing Operations
Earnings from Continuing Operations
Net Earnings from Discontinued Operations, net of taxes
Net Earnings
Net foreign exchange (gain) loss
Debt extinguishment costs
Other (income) expense, net
Earnings from Continuing Operations Before Taxes
Taxes on Earnings from Continuing Operations
Earnings from Continuing Operations
Net Earnings from Discontinued Operations, net of taxes
Net Earnings
7
28
63
167
(191)
4,077
(1,413)
2,231
1,878
(139)
2,873
59%
58%
55%
390
539
3,687
2,334
353
59%
58%
55%
34
124
$3,687
$2,368
$477
59%
58%
55%
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