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: 2020 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Sales | $ 22,284 | 17,911 | 17,049 |
| Cost of sales | (9,809) | (7,927) | (7,544) |
| Gross profit | 12,475 | 9,984 | 9,505 |
| Operating costs: | |||
| Selling, general and administrative expenses | (6,896) | (5,589) | (5,391) |
| Research and development expenses | (1,348) | (1,126) | (1,059) |
| Operating profit | 4,231 | 3,269 | 3,055 |
| Nonoperating income (expense): | |||
| Other income (expense), net | 39 | 12 | 35 |
| Gain on sale of product lines | 455 | 0 | 0 |
| Loss on early extinguishment of borrowings | (26) | (7) | 0 |
| Interest expense | (275) | (108) | (137) |
| Interest income | 71 | 139 | 9 |
| Earnings from continuing operations before income taxes | 4,495 | 3,305 | 2,962 |
| Income taxes | (849) | (873) | (556) |
| Net earnings from continuing operations | 3,646 | 2,432 | 2,406 |
| Earnings from discontinued operations, net of income taxes | 0 | 576 | 245 |
| Net earnings | 3,646 | 3,008 | 2,651 |
| Mandatory convertible preferred stock dividends | (136) | (68) | 0 |
| Net earnings attributable to common stockholders | 3,510 | 2,940 | 2,651 |
| Net earnings per share: | |||
| Net earnings per share from continuing operations, basic | 4.97 | 3.31 | 3.43 |
| Net earnings per share from continuing operations, diluted | 4.89 | 3.26 | 3.39 |
| Net earnings per share from discontinued operations, basic | 0.00 | 0.81 | 0.35 |
| Net earnings per share from discontinued operations, diluted | 0.00 | 0.79 | 0.34 |
| Net earnings per share, basic | 4.97 | 4.11 [1] | 3.78 |
| Net earnings per share, diluted | 4.89 | 4.05 | 3.74 |
| Average common stock and common equivalent shares outstanding: | |||
| Basic | 706,200 | 715,000 | 700,600 |
| Diluted | 718,700 | 725,500 | 710,200 |
| [1] Net earnings per common 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: 2020 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net earnings | $ 3,646 | 3,008 | 2,651 |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation adjustments | 2,918 | (75) | (632) |
| Pension and postretirement plan benefit adjustments | (147) | (90) | (13) |
| Unrealized gain (loss) on available-for-sale securities | 1 | 1 | (1) |
| Cash flow hedge adjustments | (72) | (113) | 0 |
| Total other comprehensive income (loss), net of income taxes | 2,700 | (277) | (646) |
| Comprehensive income | 6,346 | 2,731 | 2,005 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2020 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 3,646 | 3,008 | 2,651 |
| Less: earnings from discontinued operations, net of income taxes | 0 | 576 | 245 |
| Net earnings from continuing operations | 3,646 | 2,432 | 2,406 |
| Noncash items: | |||
| Depreciation | 637 | 564 | 562 |
| Amortization of intangible assets | 1,138 | 625 | 616 |
| Amortization of acquisition-related inventory fair value step-up | 457 | 0 | 0 |
| Stock-based compensation expense | 187 | 159 | 138 |
| Pretax gain on sale of product lines | (455) | 0 | 0 |
| Change in deferred income taxes | 518 | (415) | (252) |
| Change in trade accounts receivable, net | (264) | (157) | (55) |
| Change in inventories | (123) | (22) | (134) |
| Change in trade accounts payable | 227 | 18 | 229 |
| Change in prepaid expenses and other assets | 102 | 48 | 78 |
| Change in accrued expenses and other liabilities | 145 | 405 | 56 |
| Total operating cash provided by continuing operations | 6,215 | 3,657 | 3,644 |
| Total operating cash (used in) provided by discontinued operations | (7) | 295 | 378 |
| Net cash provided by operating activities | 6,208 | 3,952 | 4,022 |
| Cash flows from investing activities: | |||
| Cash paid for acquisitions | (20,971) | (331) | (2,173) |
| Payments for additions to property, plant and equipment | (791) | (636) | (584) |
| Proceeds from sales of property, plant and equipment | 2 | 13 | 6 |
| Payments for purchases of investments | (342) | (241) | (146) |
| Proceeds from sales of investments | 13 | 0 | 22 |
| Proceeds from sale of product lines | 826 | 0 | 0 |
| All other investing activities | 24 | 29 | 1 |
| Total investing cash used in continuing operations | (21,239) | (1,166) | (2,874) |
| Total investing cash used in discontinued operations | 0 | (72) | (75) |
| Net cash used in investing activities | (21,239) | (1,238) | (2,949) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of common stock in connection with stock-based compensation | 153 | 130 | 96 |
| Proceeds from the public offering of common stock, net of issuance costs | 1,729 | 1,443 | 0 |
| Proceeds from the public offering of preferred stock, net of issuance costs | 1,668 | 1,600 | 0 |
| Net proceeds from the sale of Envista Holdings Corporation common stock, net of issuance costs | 0 | 643 | 0 |
| Payment of dividends | (615) | (527) | (433) |
| Net (repayments of) proceeds from borrowings (maturities of 90 days or less) | (4,637) | 2,802 | 66 |
| Proceeds from borrowings (maturities longer than 90 days) | 8,670 | 12,113 | 0 |
| Repayments of borrowings (maturities longer than 90 days) | (5,933) | (1,565) | (508) |
| Make-whole premiums to redeem borrowings prior to maturity | (26) | (7) | 0 |
| All other financing activities | (3) | (43) | (18) |
| Total financing cash provided by (used in) continuing operations | 1,006 | 16,589 | (797) |
| Cash distributions to Envista Holdings Corporation, net | 0 | (224) | 0 |
| Net cash provided by (used in) financing activities | 1,006 | 16,365 | (797) |
| Effect of exchange rate changes on cash and equivalents | 148 | 45 | (118) |
| Net change in cash and equivalents | (13,877) | 19,124 | 158 |
| Beginning balance of cash and equivalents | 19,912 | 788 | |
| Ending balance of cash and equivalents | 6,035 | 19,912 | 788 |
| Supplemental disclosure: | |||
| Shares redeemed through the split-off of Envista Holdings Corporation | 0 | 3,452 | 0 |
| Shares held as Treasury shares | 22,900 | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DANAHER CORP /DE/ | ||
Ticker: DHR Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 6,035 | 19,912 |
| Trade accounts receivable, less allowance for doubtful accounts of $132 as of December 31, 2020 and $104 as of December 31, 2019 | 4,045 | 3,191 |
| Inventories | 2,292 | 1,628 |
| Prepaid expenses and other current assets | 1,430 | 865 |
| Total current assets | 13,802 | 25,596 |
| Property, plant and equipment, net | 3,262 | 2,302 |
| Other long-term assets | 2,395 | 1,721 |
| Goodwill | 35,420 | 22,713 |
| Other intangible assets, net | 21,282 | 9,750 |
| Total assets | 76,161 | 62,082 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Notes payable and current portion of long-term debt | 11 | 212 |
| Trade accounts payable | 2,049 | 1,515 |
| Accrued expenses and other liabilities | 5,342 | 3,205 |
| Total current liabilities | 7,402 | 4,932 |
| Other long-term liabilities | 7,789 | 5,351 |
| Long-term debt | 21,193 | 21,517 |
| Stockholders equity: | ||
| Preferred stock, no par value, 15.0 million shares authorized; 1.65 million shares of 4.75% Mandatory Convertible Preferred Stock, Series A, issued and outstanding as of December 31, 2020 and December 31, 2019; 1.72 million shares of 5.00% Mandatory Convertible Preferred Stock, Series B, issued and outstanding as of December 31, 2020 and no shares issued or outstanding as of December 31, 2019 | 3,268 | 1,600 |
| Common stock - $0.01 par value, 2.0 billion shares authorized; 851.3 million issued and 711.0 million outstanding as of December 31, 2020; 835.5 million issued and 695.5 million outstanding as of December 31, 2019 | 9 | 8 |
| Additional paid-in capital | 9,698 | 7,565 |
| Retained earnings | 27,159 | 24,166 |
| Accumulated other comprehensive income (loss) | (368) | (3,068) |
| Total Danaher stockholders equity | 39,766 | 30,271 |
| Noncontrolling interests | 11 | 11 |
| Total stockholders equity | 39,777 | 30,282 |
| Total liabilities and stockholders equity | 76,161 | 62,082 |
| Equity Components | ||
| Preferred stock | ||
| Total stockholders equity | 3,268 | 1,600 |
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2020 | |
| 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 |