10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2010 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Sales | $ 13,202,602 | 11,184,938 | 12,697,456 |
| Cost of sales | 6,575,812 | 5,904,718 | 6,757,262 |
| Gross profit | 6,626,790 | 5,280,220 | 5,940,194 |
| Operating costs and other: | |||
| Selling, general and administrative expenses | 3,673,703 | 3,190,211 | 3,345,274 |
| Research and development expenses | 809,481 | 632,651 | 725,443 |
| Earnings from unconsolidated joint venture | (22,768) | ||
| Other income | (85,118) | ||
| Operating profit | 2,166,374 | 1,542,476 | 1,869,477 |
| Non-operating income (expense): | |||
| Gain on contribution of businesses to joint venture | 291,037 | ||
| Interest expense | (120,775) | (122,656) | (130,174) |
| Interest income | 6,069 | 5,034 | 10,004 |
| Earnings before income taxes | 2,342,705 | 1,424,854 | 1,749,307 |
| Income taxes | (549,705) | (273,150) | (431,676) |
| Net earnings | 1,793,000 | 1,151,704 | 1,317,631 |
| Net earnings per share: | |||
| Basic | 2.74 | 1.80 | 2.06 |
| Diluted | 2.64 | 1.73 | 1.98 |
| Average common stock and common equivalent shares outstanding (in thousands): | |||
| Basic | 653,194 | 641,530 | 638,722 |
| Diluted | 683,275 | 671,484 | 671,726 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 1,793,000 | 1,151,704 | 1,317,631 |
| Non-cash items: | |||
| Depreciation | 197,998 | 184,524 | 193,997 |
| Amortization | 199,084 | 157,063 | 145,290 |
| Stock compensation expense | 88,122 | 87,350 | 86,000 |
| Earnings from unconsolidated joint venture | (22,768) | ||
| Pre-tax gain on contribution of businesses to joint venture | (291,037) | ||
| Consideration received in shares | (84,749) | ||
| Change in deferred income taxes | 43,353 | (154,098) | 27,691 |
| Change in trade accounts receivable, net | (262,123) | 106,132 | 71,403 |
| Change in inventories | (166,454) | 211,595 | 33,119 |
| Change in accounts payable | 224,711 | (89,853) | 3,713 |
| Change in prepaid expenses and other assets | 70,715 | 142,396 | (4,773) |
| Change in accrued expenses and other liabilities | 209,750 | 88,770 | (15,042) |
| Net cash flows from operating activities | 2,084,351 | 1,800,834 | 1,859,029 |
| Cash flows from investing activities: | |||
| Payments for additions to property, plant and equipment | (217,328) | (188,547) | (193,783) |
| Proceeds from disposals of property, plant and equipment | 1,559 | 6,090 | 1,088 |
| Proceeds from contribution of businesses to joint venture | 56,542 | ||
| Cash paid for acquisitions | (2,129,652) | (703,511) | (423,208) |
| Cash paid for other investments | (66,768) | ||
| Proceeds from divestitures refundable escrowed purchase price | 9,795 | 48,504 | |
| Net cash used in investing activities | (2,288,879) | (942,941) | (567,399) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 178,406 | 174,233 | 82,430 |
| Payment of dividends | (52,214) | (41,717) | (38,259) |
| Purchase of treasury stock | (74,165) | ||
| Net (repayments) proceeds of borrowings (maturities of 90 days or less) | (445,711) | (905,567) | |
| Proceeds of borrowings (maturities longer than 90 days) | 744,615 | 72,652 | |
| Repayments of borrowings (maturities longer than 90 days) | (9,388) | (24,188) | (259,344) |
| Net cash provided by (used in) financing activities | 116,804 | 407,232 | (1,122,253) |
| Effect of exchange rate changes on cash and equivalents | (1,216) | 63,941 | (15,631) |
| Net change in cash and equivalents | (88,940) | 1,329,066 | 153,746 |
| Beginning balance of cash and equivalents | 1,721,920 | 392,854 | 239,108 |
| Ending balance of cash and equivalents | 1,632,980 | 1,721,920 | 392,854 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DANAHER CORP /DE/ | ||
Ticker: DHR Fiscal Year: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 24, 2011) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| ASSETS | ||
| Cash and equivalents | $ 1,632,980 | 1,721,920 |
| Trade accounts receivable, less allowance for doubtful accounts of $136,648 and $133,103, respectively | 2,218,975 | 1,916,831 |
| Inventories | 1,225,151 | 993,016 |
| Prepaid expenses and other current assets | 652,407 | 588,861 |
| Total current assets | 5,729,513 | 5,220,628 |
| Property, plant and equipment, net | 1,192,303 | 1,143,331 |
| Investment in joint venture | 511,283 | |
| Other assets | 701,127 | 758,035 |
| Goodwill | 10,758,402 | 9,817,923 |
| Other intangible assets, net | 3,324,502 | 2,655,503 |
| Total assets | 22,217,130 | 19,595,420 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Notes payable and current portion of long-term debt | 40,761 | 44,186 |
| Trade accounts payable | 1,215,818 | 1,051,487 |
| Accrued expenses and other liabilities | 2,048,175 | 1,665,287 |
| Total current liabilities | 3,304,754 | 2,760,960 |
| Other long-term liabilities | 2,355,703 | 2,315,261 |
| Long-term debt | 2,783,907 | 2,889,023 |
| Stockholders' equity: | ||
| Common stock - $0.01 par value, 1 billion shares authorized; 729,516 and 717,844 issued; 656,360 and 645,470 outstanding, respectively | 7,295 | 3,589 |
| Additional paid-in capital | 2,412,401 | 2,074,501 |
| Retained earnings | 10,945,928 | 9,205,142 |
| Accumulated other comprehensive income (loss) | 345,386 | 346,944 |
| Total Danaher stockholders' equity | 13,711,010 | 11,630,176 |
| Non-controlling interest | 61,756 | |
| Total stockholders' equity | 13,772,766 | 11,630,176 |
| Total liabilities and stockholders' equity | 22,217,130 | 19,595,420 |
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2010 | |
| 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 |