Memo of Abbott Laboratories and Abbvie

Write a two-to-three pages (max) memo that describe and explains the result of your financial analysis of Abbott Laboratories. Address your memo to Mr. Marcos Curiel, Investment Director of the Megpod Funds, Inc. He would like to know about the business basis for spinning off Abbvie and whether Abbott will continue to sustain its ability to create value for its investors. He would also like to know how the Abbott compares to its primary competitors now that it has spun-off Abbvie. Abbott Laboratories ANNUAL BALANCE SHEET TICKER: ABT SIC: 2834 GICS: 35101010 Dec-13 Dec-12 Dec-11 Dec-10 Dec-09 Dec-08 Dec-07 Dec-06 Dec-05 Dec-04 Dec-03 ASSETS Cash & Equivalents $8,098.00 $15,173.98 $8,097.36 $7,323.94 $9,932.05 $5,079.63 $2,820.83 $1,373.44 $2,956.09 $2,058.96 $1,286.42 Net Receivables $3,986.00 $7,612.86 $7,683.92 $7,184.03 $6,541.94 $5,465.66 $4,946.88 $4,231.14 $3,576.79 $3,696.12 $3,989.41 Inventories $2,693.00 $3,792.31 $3,284.25 $3,188.73 $3,264.88 $2,775.85 $2,951.44 $2,806.42 $2,541.98 $2,620.46 $2,738.44 Prepaid Expenses @CF @CF @CF @CF @CF @CF @CF @CF @CF @CF @CF Other Current Assets $4,470.00 $4,743.43 $4,703.25 $4,620.82 $3,575.03 $3,721.43 $3,323.59 $2,870.89 $2,311.16 $2,358.95 $2,276.14 ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” Total Current Assets $19,247.00 $31,322.58 $23,768.77 $22,317.53 $23,313.89 $17,042.56 $14,042.73 $11,281.88 $11,386.03 $10,734.49 $10,290.42 Gross Plant, Property & Equipment $12,870.00 $18,928.89 $18,016.56 $17,374.30 $16,486.91 $15,188.67 $15,597.80 $14,401.94 $12,760.42 $12,501.69 $13,290.75 Accumulated Depreciation $6,965.00 $10,865.84 $10,142.61 $9,403.35 $8,867.42 $7,969.51 $8,079.65 $7,455.50 $6,757.28 $6,493.82 $7,008.94 ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” Net Plant, Property & Equipment $5,905.00 $8,063.05 $7,873.96 $7,970.96 $7,619.49 $7,219.17 $7,518.15 $6,946.44 $6,003.14 $6,007.87 $6,281.81 Investments at Equity $- $- $- $- $- $- $159.00 $162.00 $167.00 $76.00 $340.00 Other Investments $119.00 $273.60 $378.23 $302.05 $1,132.87 $1,073.74 $1,125.26 $1,229.87 $134.01 $145.85 $406.36 Intangibles $15,507.00 $24,362.41 $25,695.02 $28,081.71 $19,492.16 $15,138.47 $15,849.32 $15,852.90 $9,960.89 $10,856.72 $8,539.29 Deferred Charges $- $- $- $- $- $- $- $- $- $- $- Other Assets $2,175.00 $3,213.31 $2,560.92 $790.03 $858.21 $1,945.28 $1,019.46 $705.08 $1,490.13 $946.57 $857.47 ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” TOTAL ASSETS $42,953.00 $67,234.95 $60,276.90 $59,462.27 $52,416.62 $42,419.20 $39,713.93 $36,178.17 $29,141.20 $28,767.49 $26,715.34 LIABILITIES Long Term Debt Due In One Year $9.00 $308.82 $1,026.90 $2,044.97 $247.29 $1,956.89 $898.55 $95.28 $1,849.56 $156.03 $1,709.27 Notes Payable $3,164.00 $2,081.84 $2,347.86 $4,349.80 $4,978.44 $1,691.07 $1,827.36 $5,305.99 $212.45 $1,836.65 $828.09 Accounts Payable $1,026.00 $1,796.99 $1,721.13 $1,535.76 $1,280.54 $1,351.44 $1,219.53 $1,175.59 $1,032.52 $1,054.46 $1,754.37 Taxes Payable $175.00 $655.42 $514.95 $1,307.72 $442.14 $805.40 $80.41 $262.34 $488.93 $156.42 $158.84 Accrued Expenses $4,406.00 $8,215.76 $9,115.12 $7,343.44 $5,480.44 $5,228.05 $4,572.89 $4,658.01 $3,347.94 $3,129.29 $2,805.62 Other Current Liabilities $727.00 $221.34 $754.28 $680.75 $620.64 $559.06 $504.54 $453.99 $484.12 $492.79 $383.35 ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” Total Current Liabilities $9,507.00 $13,280.18 $15,480.23 $17,262.43 $13,049.49 $11,591.91 $9,103.28 $11,951.20 $7,415.51 $6,825.64 $7,639.54 Long Term Debt $3,388.00 $18,085.30 $12,039.82 $12,523.52 $11,266.29 $8,713.33 $9,487.79 $7,009.66 $4,571.50 $4,787.93 $3,452.33 Deferred Taxes $466.00 $710.00 @CF @CF @CF $- $- $- $583.08 @CF @CF Investment Tax Credit $- $- $- $- $- $- $- $- $- $- $- Minority Interest $- $- $- $- $- @CF @CF @CF @CF @CF @CF Other Liabilities $4,325.00 $8,346.23 $8,230.70 $7,199.85 $5,202.11 $4,634.42 $3,344.32 $3,163.13 $2,155.84 $2,828.13 $2,551.22 ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” TOTAL LIABILITIES $17,686.00 $40,421.71 $35,750.75 $36,985.80 $29,517.90 $24,939.65 $21,935.39 $22,123.99 $14,725.93 $14,441.71 $13,643.08 EQUITY Preferred Stock “ Redeemable $- $- $- $- $- $- $- $- $- $- $- Preferred Stock “ Nonredeemable $- $- $- $- $- $- $- $- $- $- $- ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” Total Preferred Stock $- $- $- $- $- $- $- $- $- $- $- Common Stock $12,048.00 $11,754.55 $9,817.13 $8,744.70 $8,257.87 $7,444.41 $6,104.10 $4,290.93 $3,523.77 $3,239.58 $3,034.05 Capital Surplus $- $- $- $- $- $- $- $- $(46.31) $(50.11) $(56.34) Retained Earnings $19,967.00 $20,557.32 $18,310.18 $17,560.26 $17,908.10 $12,661.54 $12,887.57 $9,958.49 $11,150.07 $11,357.17 $10,324.24 Less: Treasury Stock $6,844.00 $5,590.91 $3,687.48 $3,916.82 $3,310.35 $2,626.40 $1,213.13 $195.24 $212.26 $220.85 $229.70 ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” Common Equity $25,171.00 $26,720.96 $24,439.83 $22,388.14 $22,855.63 $17,479.55 $17,778.54 $14,054.19 $14,415.27 $14,325.78 $13,072.26 ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” TOTAL EQUITY $25,171.00 $26,720.96 $24,439.83 $22,388.14 $22,855.63 $17,479.55 $17,778.54 $14,054.19 $14,415.27 $14,325.78 $13,072.26 ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” ”””””” TOTAL LIABILITIES & EQUITY $42,953.00 $67,234.95 $60,276.90 $59,462.27 $52,416.62 $42,419.20 $39,713.93 $36,178.17 $29,141.20 $28,767.49 $26,715.34 COMMON SHARES OUTSTANDING 1,548.10 1,576.67 1,570.38 1,546.98 1,551.17 1,552.43 1,549.91 1,537.24 1,539.24 1,560.02 1,564.52

Posted in Uncategorized