AbbVie Inc., current enterprise value calculation

Current share price (P)	$200.88
No. shares of common stock outstanding	1,765,354,859
US$ in millions
Common equity (market value)¹	354,624)
Add: Noncontrolling interest (per books)	39)
Total equity	354,663)
Add: Short-term borrowings (per books)	—)
Add: Current portion of long-term debt and finance lease obligations (per books)	6,804)
Add: Long-term debt and finance lease obligations, excluding current portion (per books)	60,340)
Total equity and debt	421,807)
Less: Cash and equivalents	5,524)
Less: Short-term investments	31)
Enterprise value (EV)	416,252)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 200.88 × 1,765,354,859

AbbVie Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$192.87	$175.75	$151.31	$144.03	$105.01
No. shares of common stock outstanding¹	1,765,354,859	1,766,473,359	1,769,399,971	1,768,753,829	1,765,881,690
US$ in millions
Common equity (market value)³	340,484)	310,458)	267,728)	254,754)	185,435)
Add: Noncontrolling interest (book value)	39)	37)	33)	28)	21)
Total equity	340,523)	310,495)	267,761)	254,782)	185,456)
Add: Short-term borrowings (book value)	—)	—)	1)	14)	34)
Add: Current portion of long-term debt and finance lease obligations (book value)	6,804)	7,191)	4,135)	12,481)	8,468)
Add: Long-term debt and finance lease obligations, excluding current portion (book value)	60,340)	52,194)	59,135)	64,189)	77,554)
Total equity and debt	407,667)	369,880)	331,032)	331,466)	271,512)
Less: Cash and equivalents	5,524)	12,814)	9,201)	9,746)	8,449)
Less: Short-term investments	31)	2)	28)	84)	30)
Enterprise value (EV)	402,112)	357,064)	321,803)	321,636)	263,033)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of AbbVie Inc. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 192.87 × 1,765,354,859

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	AbbVie Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

AbbVie Inc. (NYSE:ABBV)

Enterprise Value (EV)