Revenue Analysis
ABBV’s total revenue and operating revenue have shown a gradual increase throughout the periods observed. From 2023-03-31 with $12.225 billion to $12.31 billion on 2024-03-31. The gross profit margins expanded from $8.239 billion in 2023-03-31 to $8.216 billion by 2024-03-31, indicating a stable profitability relative to revenue.
Cost Management
The cost of revenue also reflected consistent numbers, with 2023-03-31 recording at $3.986 billion and a slight increase to $4.094 billion by 2024-03-31. Operating expenses followed a similar trend, showing reasonable control and management of operational costs.
Profitability Analysis
Profits have been sustained across various benchmarks. EBITDA stands at $4.489 billion as of 2024-03-31. Operating Income observed at 2024-03-31 recorded $2.962 billion, evidencing healthy operational management. Pretax Income rose from $475 million in 2023-03-31 to $1.755 billion in 2024-03-31. Net Income metrics also evidenced growth, solidifying the firm’s profitability standpoint.
Cash Flow Indicators
ABBV has managed its cash flows well as depicted by reconciled depreciation and interest expenses. Depreciation hiked from $2.127 billion on 2023-03-31 to $2.074 billion by 2024-03-31, demonstrating investment in capital assets. Interest expense ranged as high as $660 million in 2024-03-31, indicating significant debt servicing requirements.
Taxation
ABBV’s effective tax rate fluctuated, noted at 0.22 by 2024-03-31. Tax provisions stood at $383 million in the same period. The firm also experienced negative tax effects of unusual items, suggesting one-time events affecting tax expenses differently in each examined period.
Shareholder Metrics
Diluted EPS was reported to be $0.77 by 2024-03-31, with Diluted and Basic Average Shares remaining around 1.773 billion marks, showcasing a consistent shareholder value through per-share earnings. Net Income Available to Common Stockholders was $1.359 billion as of 2024-03-31, reinforcing financial strength to its shareholders.
Conclusion
ABBV has displayed consistent revenue growth, efficient cost management, and robust profitability. The firm effectively controls its cash flows and manages financial obligations, including tax liabilities. Despite the fluctuations in tax effects due to occasional unusual items, its solid shareholder metrics suggest a strong, stable financial base. Recommending continued investor confidence in ABBV’s growth and potential for rising shareholder value.