10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2016 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 22, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Sales | $ 16,882,400 | 14,433,700 | 12,866,900 |
| Cost of sales | (7,547,800) | (6,662,600) | (6,017,400) |
| Gross profit | 9,334,600 | 7,771,100 | 6,849,500 |
| Operating costs: | |||
| Selling, general and administrative expenses | (5,608,600) | (4,747,500) | (4,035,100) |
| Research and development expenses | (975,100) | (861,400) | (769,400) |
| Operating profit | 2,750,900 | 2,162,200 | 2,045,000 |
| Nonoperating income (expense): | |||
| Other income | 223,400 | 12,400 | 122,600 |
| Loss on early extinguishment of borrowings | (178,800) | 0 | 0 |
| Interest expense | (184,400) | (139,800) | (94,700) |
| Interest income | 200 | 4,600 | 13,300 |
| Earnings from continuing operations before income taxes | 2,611,300 | 2,039,400 | 2,086,200 |
| Income taxes | (457,900) | (292,700) | (447,500) |
| Net earnings from continuing operations | 2,153,400 | 1,746,700 | 1,638,700 |
| Earnings from discontinued operations, net of income taxes | 400,300 | 1,610,700 | 959,700 |
| Net earnings | 2,553,700 | 3,357,400 | 2,598,400 |
| Net earnings per share: | |||
| Net earnings per share from continuing operations, basic | 3.12 | 2.50 | 2.33 |
| Net earnings per share from continuing operations, diluted | 3.08 | 2.47 | 2.29 |
| Net earnings per share from discontinued operations, basic | 0.58 | 2.31 | 1.37 |
| Net earnings per share from discontinued operations, diluted | 0.57 | 2.27 | 1.34 |
| Net earnings per share, basic | 3.69 [1] | 4.81 | 3.70 |
| Net earnings per share, diluted | 3.65 | 4.74 | 3.63 |
| Average common stock and common equivalent shares outstanding: | |||
| Basic | 691,200 | 698,100 | 702,200 |
| Diluted | 699,800 | 708,500 | 716,100 |
| [1] *Net earnings per share amount does not add due to rounding. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2016 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 22, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net earnings | $ 2,553,700 | 3,357,400 | 2,598,400 |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation adjustments | (517,300) | (975,600) | (1,235,000) |
| Pension and postretirement plan benefit adjustments | (58,200) | 80,500 | (361,100) |
| Unrealized gain (loss) on available-for-sale securities | (114,800) | 17,600 | (52,100) |
| Total other comprehensive income (loss), net of income taxes | (690,300) | (877,500) | (1,648,200) |
| Comprehensive income | 1,863,400 | 2,479,900 | 950,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2016 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 22, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 2,553,700 | 3,357,400 | 2,598,400 |
| Less: earnings from discontinued operations, net of income taxes | 400,300 | 1,610,700 | 959,700 |
| Net earnings from continuing operations | 2,153,400 | 1,746,700 | 1,638,700 |
| Noncash items: | |||
| Depreciation | 545,000 | 484,000 | 448,900 |
| Amortization | 583,100 | 396,800 | 269,200 |
| Stock-based compensation expense | 129,800 | 103,800 | 84,700 |
| Pretax loss on early extinguishment of borrowings | 178,800 | 0 | 0 |
| Pretax gain on sales of investments | 223,400 | 12,400 | 122,600 |
| Change in deferred income taxes | (383,900) | (184,200) | 201,900 |
| Change in trade accounts receivable, net | (183,100) | 800 | (42,700) |
| Change in inventories | 9,400 | 146,500 | 68,800 |
| Change in trade accounts payable | 78,100 | 50,300 | 79,700 |
| Change in prepaid expenses and other assets | (62,400) | (68,900) | (144,800) |
| Change in accrued expenses and other liabilities | 262,700 | 168,800 | 189,400 |
| Total operating cash provided by continuing operations | 3,087,500 | 2,832,200 | 2,671,200 |
| Total operating cash provided by discontinued operations | 434,300 | 969,600 | 1,087,200 |
| Net cash provided by operating activities | 3,521,800 | 3,801,800 | 3,758,400 |
| Cash flows from investing activities: | |||
| Cash paid for acquisitions | (4,880,100) | (14,247,800) | (2,839,400) |
| Payments for additions to property, plant and equipment | (589,600) | (512,900) | (465,400) |
| Payments for purchases of investments | 0 | (87,100) | 0 |
| Proceeds from sales of investments | 264,800 | 43,000 | 167,100 |
| All other investing activities | 31,700 | 66,300 | 16,500 |
| Total investing cash used in continuing operations | (5,173,200) | (14,738,500) | (3,121,200) |
| Total investing cash used in discontinued operations | (69,800) | (212,500) | (323,100) |
| Net cash used in investing activities | (5,243,000) | (14,951,000) | (3,444,300) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of common stock | 164,500 | 249,000 | 132,900 |
| Payment of dividends | (399,800) | (354,100) | (227,700) |
| Make-whole premiums to redeem borrowings prior to maturity | (188,100) | 0 | 0 |
| Net proceeds from borrowings (maturities of 90 days or less) | 2,218,100 | 3,511,200 | 312,200 |
| Proceeds from borrowings (maturities longer than 90 days) | 3,240,900 | 5,682,900 | 0 |
| Repayments of borrowings (maturities longer than 90 days) | (2,480,600) | (35,500) | (414,700) |
| All other financing activities | (27,000) | (3,300) | (20,900) |
| Total financing cash provided by (used in) provided by continuing operations | 2,528,000 | 9,050,200 | (218,200) |
| Cash distributions to Fortive Corporation, net | (485,300) | 0 | 0 |
| Net cash provided by (used in) financing activities | 2,042,700 | 9,050,200 | (218,200) |
| Effect of exchange rate changes on cash and equivalents | (148,600) | (115,800) | (205,500) |
| Net change in cash and equivalents | 172,900 | (2,214,800) | (109,600) |
| Beginning balance of cash and equivalents | 790,800 | 3,005,600 | |
| Ending balance of cash and equivalents | 963,700 | 790,800 | 3,005,600 |
| Supplemental disclosure: | |||
| Shares redeemed through the distribution of the communications business, value | 0 | 2,291,700 | 0 |
| Distribution of noncash net assets to Fortive Corporation | (1,983,600) | 0 | 0 |
| Disposal Group Name | |||
| Communications business | |||
| Operating Activities | |||
| Discontinued operations | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DANAHER CORP /DE/ | ||
Ticker: DHR Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 22, 2017) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 963,700 | 790,800 |
| Trade accounts receivable, less allowance for doubtful accounts of $102.4 and $88.3, respectively | 3,186,100 | 2,985,100 |
| Inventories | 1,709,400 | 1,573,100 |
| Prepaid expenses and other current assets | 805,900 | 889,500 |
| Current assets, discontinued operations | 0 | 1,598,200 |
| Total current assets | 6,665,100 | 7,836,700 |
| Property, plant and equipment, net | 2,354,000 | 2,302,700 |
| Other assets | 631,300 | 845,300 |
| Goodwill | 23,826,900 | 21,014,900 |
| Other intangible assets, net | 11,818,000 | 10,545,300 |
| Other assets, discontinued operations | 0 | 5,677,300 |
| Total assets | 45,295,300 | 48,222,200 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Notes payable and current portion of long-term debt | 2,594,800 | 845,200 |
| Trade accounts payable | 1,485,000 | 1,391,900 |
| Accrued expenses and other liabilities | 2,794,200 | 2,609,400 |
| Current liabilities, discontinued operations | 0 | 1,323,900 |
| Total current liabilities | 6,874,000 | 6,170,400 |
| Other long-term liabilities | 5,670,300 | 5,750,000 |
| Long-term debt | 9,674,200 | 12,025,200 |
| Long-term liabilities, discontinued operations | 0 | 512,600 |
| Stockholders equity: | ||
| Common stock - $0.01 par value, 2.0 billion shares authorized; 807.7 and 801.6 issued; 692.2 and 686.8 outstanding, respectively | 8,100 | 8,000 |
| Additional paid-in capital | 5,312,900 | 4,981,200 |
| Retained earnings | 20,703,500 | 21,012,300 |
| Accumulated other comprehensive income (loss) | (3,021,700) | (2,311,200) |
| Total Danaher stockholders equity | 23,002,800 | 23,690,300 |
| Noncontrolling interests | 74,000 | 73,700 |
| Total stockholders equity | 23,076,800 | 23,764,000 |
| Total liabilities and stockholders equity | 45,295,300 | 48,222,200 |
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2016 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |