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: 2011 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Sales | $ 16,090,540 | 12,550,033 | 10,516,681 |
| Cost of sales | (7,913,876) | (6,145,509) | (5,446,584) |
| Gross profit | 8,176,664 | 6,404,524 | 5,070,097 |
| Operating costs and other: | |||
| Selling, general and administrative expenses | (4,607,692) | (3,603,658) | (3,115,265) |
| Research and development expenses | (1,018,526) | (774,014) | (600,268) |
| Earnings from unconsolidated joint venture | 66,780 | 22,768 | |
| Other income | 85,118 | ||
| Operating profit | 2,617,226 | 2,049,620 | 1,439,682 |
| Non-operating income (expense): | |||
| Gain on contribution of businesses to joint venture | 291,037 | ||
| Loss on early extinguishment of debt | (32,887) | ||
| Interest expense | (141,637) | (117,167) | (118,654) |
| Interest income | 5,147 | 6,069 | 5,034 |
| Earnings from continuing operations before income taxes | 2,447,849 | 2,229,559 | 1,326,062 |
| Income taxes | (512,562) | (511,376) | (239,018) |
| Net earnings from continuing operations | 1,935,287 | 1,718,183 | 1,087,044 |
| Earnings from discontinued operations, net of income taxes | 236,977 | 74,817 | 64,660 |
| Net earnings | 2,172,264 | 1,793,000 | 1,151,704 |
| Net earnings per share from continuing operations: | |||
| Basic | 2.86 | 2.63 | 1.69 |
| Diluted | 2.77 | 2.53 | 1.63 |
| Net earnings per share from discontinued operations: | |||
| Basic | 0.35 | 0.11 | 0.10 |
| Diluted | 0.34 | 0.11 | 0.10 |
| Net earnings per share: | |||
| Basic | 3.21 | 2.74 | 1.80 [1] |
| Diluted | 3.11 | 2.64 | 1.73 |
| Average common stock and common equivalent shares outstanding: | |||
| Basic | 676,169 | 653,194 | 641,530 |
| Diluted | 701,191 | 683,275 | 671,484 |
| [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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 2,172,264 | 1,793,000 | 1,151,704 |
| Less: earnings from discontinued operations, net of income taxes | 236,977 | 74,817 | 64,660 |
| Net earnings from continuing operations | 1,935,287 | 1,718,183 | 1,087,044 |
| Non-cash items: | |||
| Depreciation | 350,660 | 189,670 | 175,365 |
| Amortization | 284,274 | 198,592 | 156,427 |
| Stock compensation expense | 95,603 | 88,122 | 87,350 |
| Earnings from unconsolidated joint venture, net of cash dividends received | (18,413) | (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 | 271,395 | 37,632 | (156,210) |
| Change in trade accounts receivable, net | (135,279) | (250,946) | 103,311 |
| Change in inventories | 162,019 | (161,699) | 197,572 |
| Change in trade accounts payable | 36,602 | 217,230 | (86,581) |
| Change in prepaid expenses and other assets | (111,010) | 67,550 | 137,026 |
| Change in accrued expenses and other liabilities | (139,102) | 228,169 | 106,283 |
| Total operating cash provided by continuing operations | 2,732,036 | 2,018,698 | 1,722,838 |
| Total operating cash (used in) provided by discontinued operations | (105,769) | 65,653 | 77,996 |
| Net cash provided by operating activities | 2,626,267 | 2,084,351 | 1,800,834 |
| Cash flows from investing activities: | |||
| Payments for additions to property, plant and equipment | (334,471) | (191,110) | (175,438) |
| Proceeds from disposals of property, plant and equipment | 8,645 | 1,551 | 5,015 |
| Proceeds from contribution of businesses to joint venture and other | 14,770 | 56,542 | |
| Cash paid for acquisitions | (6,210,837) | (2,129,652) | (703,511) |
| Cash paid for other investments | (66,768) | ||
| Proceeds from divestitures | 9,795 | ||
| Total investing cash used in continuing operations | (6,521,893) | (2,262,669) | (930,907) |
| Total investing cash used in discontinued operations | (5,466) | (26,210) | (12,034) |
| Proceeds from sale of discontinued operations | 680,105 | ||
| Net cash used in investing activities | (5,847,254) | (2,288,879) | (942,941) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 1,112,551 | 178,406 | 174,233 |
| Payment of dividends | (61,323) | (52,214) | (41,717) |
| Net proceeds (repayments) of borrowings (maturities of 90 days or less) | 854,022 | (445,711) | |
| Proceeds of borrowings (maturities longer than 90 days) | 1,785,763 | 744,615 | |
| Repayments of borrowings (maturities longer than 90 days) | (1,602,379) | (9,388) | (24,188) |
| Net cash provided by financing activities | 2,088,634 | 116,804 | 407,232 |
| Effect of exchange rate changes on cash and equivalents | 36,374 | (1,216) | 63,941 |
| Net change in cash and equivalents | (1,095,979) | (88,940) | 1,329,066 |
| Beginning balance of cash and equivalents | 1,632,980 | 1,721,920 | |
| Ending balance of cash and equivalents | 537,001 | 1,632,980 | 1,721,920 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DANAHER CORP /DE/ | ||
Ticker: DHR Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| ASSETS | ||
| Cash and equivalents | $ 537,001 | 1,632,980 |
| Trade accounts receivable, less allowance for doubtful accounts of $117,397 and $111,707 , respectively | 3,049,895 | 2,097,974 |
| Inventories | 1,781,352 | 1,165,623 |
| Prepaid expenses and other current assets | 904,109 | 1,168,878 |
| Total current assets | 6,272,357 | 6,065,455 |
| Property, plant and equipment, net | 2,100,990 | 1,129,781 |
| Investment in joint venture | 521,882 | 511,283 |
| Other assets | 739,686 | 809,136 |
| Goodwill | 14,474,323 | 10,393,738 |
| Other intangible assets, net | 5,840,209 | 3,307,737 |
| Total assets | 29,949,447 | 22,217,130 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Notes payable and current portion of long-term debt | 98,392 | 40,761 |
| Trade accounts payable | 1,422,438 | 1,124,821 |
| Accrued expenses and other liabilities | 2,651,198 | 2,155,120 |
| Total current liabilities | 4,172,028 | 3,320,702 |
| Other long-term liabilities | 3,598,851 | 2,339,755 |
| Long-term debt | 5,206,800 | 2,783,907 |
| Stockholders' equity: | ||
| Common stock - $0.01 par value, 1 billion shares authorized; 761,067 and 729,516 issued; 687,730 and 656,360 outstanding, respectively | 7,611 | 7,295 |
| Additional paid-in capital | 3,877,240 | 2,412,401 |
| Retained earnings | 13,056,869 | 10,945,928 |
| Accumulated other comprehensive income (loss) | (36,937) | 345,386 |
| Total Danaher stockholders' equity | 16,904,783 | 13,711,010 |
| Non-controlling interest | 66,985 | 61,756 |
| Total stockholders' equity | 16,971,768 | 13,772,766 |
| Total liabilities and stockholders' equity | 29,949,447 | 22,217,130 |
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2011 | |
| 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 |