Highlights and Quick Summary
- Income tax paid for the quarter ending December 30, 2020 was $-275 Million (a -45.22% decrease compared to previous quarter)
- Year-over-year quarterly Income tax paid decreased by -5.5%
- Annual Income tax paid for 2020 was $-573 Million (a -43.71% decrease from previous year)
- Annual Income tax paid for 2019 was $-1.02 Billion (a -251.04% decrease from previous year)
- Twelve month Income tax paid ending December 30, 2020 was $-864 Million (a 74.19% increase compared to previous quarter)
- Twelve month trailing Income tax paid increased by 151.16% year-over-year
Trailing Income tax paid for the last four month:
|30 Dec '20||29 Sep '20||29 Jun '20||30 Dec '19|
|$-864 Million||$-496 Million||$-814 Million||$-344 Million|
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Historical Income tax paid of AbbVie Inc.Most recent Income tax paidof ABBV including historical data for past 10 years.
Interactive Chart of Income tax paid of AbbVie Inc.
AbbVie Inc. Income tax paid for the past 10 Years (both Annual and Quarterly)
(All values are in $ million)
Business Profile of AbbVie Inc.
Industry: Drug Manufacturers—General
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 BehÃ§et'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), mantle cell lymphoma, waldenstrÃ¶m's macroglobulinemia, marginal zone lymphoma, and chronic graft versus host disease; 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; AndroGel for males diagnosed with symptomatic low testosterone; 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. The company was incorporated in 2012 and is based in North Chicago, Illinois.