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: 2013 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 21, 2014) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Sales | $ 19,118,000 | 18,260,400 | 16,090,500 |
| Cost of sales | (9,160,400) | (8,846,100) | (7,913,900) |
| Gross profit | 9,957,600 | 9,414,300 | 8,176,600 |
| Operating costs and other: | |||
| Selling, general and administrative expenses | (5,432,800) | (5,181,200) | (4,607,700) |
| Research and development expenses | (1,249,900) | (1,137,900) | (1,018,500) |
| Earnings from unconsolidated joint venture | 0 | 69,900 | 66,800 |
| Operating profit | 3,274,900 | 3,165,100 | 2,617,200 |
| Non-operating income (expense): | |||
| Gain on sale of unconsolidated joint venture | 229,800 | 0 | 0 |
| Gain on sale of marketable equity securities | 201,500 | 0 | 0 |
| Loss on early extinguishment of debt | 0 | 0 | (32,900) |
| Interest expense | (145,900) | (157,500) | (141,600) |
| Interest income | 5,700 | 3,200 | 5,100 |
| Earnings from continuing operations before income taxes | 3,566,000 | 3,010,800 | 2,447,800 |
| Income taxes | (871,000) | (711,500) | (512,500) |
| Net earnings from continuing operations | 2,695,000 | 2,299,300 | 1,935,300 |
| Earnings from discontinued operations, net of income taxes | 0 | 92,900 | 237,000 |
| Net earnings | 2,695,000 | 2,392,200 | 2,172,300 |
| Net earnings per share from continuing operations: | |||
| Basic (in dollars per share) | 3.87 | 3.32 | 2.86 |
| Diluted (in dollars per share) | 3.80 | 3.23 | 2.77 |
| Net earnings per share from discontinued operations: | |||
| Basic (in dollars per share) | 0.00 | 0.13 | 0.35 |
| Diluted (in dollars per share) | 0.00 | 0.13 | 0.34 |
| Net earnings per share: | |||
| Basic (in dollars per share) | 3.87 | 3.45 | 3.21 |
| Diluted (in dollars per share) | 3.80 | 3.36 | 3.11 |
| Average common stock and common equivalent shares outstanding: | |||
| Basic (in shares) | 696,000 | 693,400 | 676,200 |
| Diluted (in shares) | 711,000 | 713,100 | 701,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2013 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 21, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net earnings | $ 2,695,000 | 2,392,200 | 2,172,300 |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation adjustments | (62,100) | 90,800 | (226,800) |
| Pension and post-retirement plan benefit adjustments | 289,000 | (139,700) | (171,200) |
| Unrealized gain on available-for-sale securities | 46,800 | 26,600 | 15,700 |
| Total other comprehensive income (loss), net of income taxes | 273,700 | (22,300) | (382,300) |
| Comprehensive income | 2,968,700 | 2,369,900 | 1,790,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2013 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 21, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 2,695,000 | 2,392,200 | 2,172,300 |
| Less earnings from discontinued operations, net of income taxes | 0 | 92,900 | 237,000 |
| Net earnings from continuing operations | 2,695,000 | 2,299,300 | 1,935,300 |
| Non-cash items: | |||
| Depreciation | 529,900 | 497,800 | 350,700 |
| Amortization | 365,100 | 342,000 | 284,300 |
| Stock-based compensation expense | 117,700 | 109,900 | 95,600 |
| Earnings from unconsolidated joint venture, net of cash dividends received | 66,600 | (25,400) | (18,400) |
| Pre-tax gain on sale of unconsolidated joint venture | (229,800) | 0 | 0 |
| Pre-tax gain on sale of marketable equity securities | (201,500) | 0 | 0 |
| Change in deferred income taxes | 254,600 | 184,900 | 271,400 |
| Change in trade accounts receivable, net | (48,700) | (79,700) | (135,300) |
| Change in inventories | 62,900 | 69,800 | 162,000 |
| Change in trade accounts payable | 182,600 | 57,000 | 36,600 |
| Change in prepaid expenses and other assets | (120,200) | (100,300) | (111,000) |
| Change in accrued expenses and other liabilities | (88,900) | 146,800 | (139,100) |
| Total operating cash provided by continuing operations | 3,585,300 | 3,502,100 | 2,732,100 |
| Total operating cash used in discontinued operations | 0 | (87,100) | (105,800) |
| Net cash provided by operating activities | 3,585,300 | 3,415,000 | 2,626,300 |
| Cash flows from investing activities: | |||
| Cash paid for acquisitions | (957,200) | (1,796,800) | (6,210,800) |
| Payments for additions to property, plant and equipment | (551,500) | (458,300) | (334,500) |
| Proceeds from sale of unconsolidated joint venture | 707,400 | 0 | 0 |
| Proceeds from sale of marketable equity securities | 251,200 | 0 | 0 |
| All other investing activities | (2,400) | 30,000 | 23,400 |
| Total investing cash used in continuing operations | (552,500) | (2,225,100) | (6,521,900) |
| Total investing cash used in discontinued operations | 0 | 0 | (5,500) |
| Proceeds from sale of discontinued operations | 0 | 337,500 | 680,100 |
| Net cash used in investing activities | (552,500) | (1,887,600) | (5,847,300) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of common stock | 177,400 | 212,000 | 1,112,500 |
| Payment of dividends | (52,100) | (86,400) | (61,300) |
| Purchase of stock | 0 | (648,400) | 0 |
| Net (repayments of) proceeds from borrowings (maturities of 90 days or less) | (763,300) | 195,900 | 854,000 |
| Proceeds from borrowings (maturities longer than 90 days) | 0 | 0 | 1,785,800 |
| Repayments of borrowings (maturities longer than 90 days) | (967,800) | (61,500) | (1,602,400) |
| Net cash (used in) provided by financing activities | (1,605,800) | (388,400) | 2,088,600 |
| Effect of exchange rate changes on cash and equivalents | 9,500 | 2,700 | 36,400 |
| Net change in cash and equivalents | 1,436,500 | 1,141,700 | (1,096,000) |
| Beginning balance of cash and equivalents | 1,678,700 | 537,000 | 1,633,000 |
| Ending balance of cash and equivalents | 3,115,200 | 1,678,700 | 537,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DANAHER CORP /DE/ | ||
Ticker: DHR Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 21, 2014) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and equivalents | $ 3,115,200 | 1,678,700 |
| Trade accounts receivable, less allowance for doubtful accounts of $121.5 and $121.4, respectively | 3,451,600 | 3,267,300 |
| Inventories | 1,783,500 | 1,813,400 |
| Prepaid expenses and other current assets | 763,400 | 828,400 |
| Total current assets | 9,113,700 | 7,587,800 |
| Property, plant and equipment, net | 2,211,300 | 2,140,900 |
| Investment in joint venture | 0 | 548,300 |
| Other assets | 1,061,300 | 858,000 |
| Goodwill | 16,038,200 | 15,462,000 |
| Other intangible assets, net | 6,247,700 | 6,344,000 |
| Total assets | 34,672,200 | 32,941,000 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current Liabilities: | ||
| Notes payable and current portion of long-term debt | 62,300 | 55,500 |
| Trade accounts payable | 1,778,200 | 1,546,300 |
| Accrued expenses and other liabilities | 2,686,900 | 2,604,300 |
| Total current liabilities | 4,527,400 | 4,206,100 |
| Other long-term liabilities | 4,256,700 | 4,363,400 |
| Long-term debt | 3,436,700 | 5,287,600 |
| Stockholders Equity: | ||
| Common stock - $0.01 par value, 2.0 billion shares authorized; 785.7 and 774.6 issued; 698.1 and 687.5 outstanding, respectively | 7,900 | 7,700 |
| Additional paid-in capital | 4,157,600 | 3,688,100 |
| Retained earnings | 18,005,300 | 15,379,900 |
| Accumulated other comprehensive income (loss) | 214,500 | (59,200) |
| Total Danaher stockholders equity | 22,385,300 | 19,016,500 |
| Non-controlling interests | 66,100 | 67,400 |
| Total stockholders equity | 22,451,400 | 19,083,900 |
| Total liabilities and stockholders equity | 34,672,200 | 32,941,000 |
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2013 | |
| 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 |