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: 2014 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Sales | $ 19,913,800 | 19,118,000 | 18,260,400 |
| Cost of sales | (9,471,300) | (9,160,400) | (8,846,100) |
| Gross profit | 10,442,500 | 9,957,600 | 9,414,300 |
| Operating costs and other: | |||
| Selling, general and administrative expenses | (5,697,000) | (5,432,800) | (5,181,200) |
| Research and development expenses | (1,314,200) | (1,249,900) | (1,137,900) |
| Earnings from unconsolidated joint venture | 0 | 0 | 69,900 |
| Operating profit | 3,431,300 | 3,274,900 | 3,165,100 |
| Non-operating income (expense): | |||
| Other income | 156,500 | 431,300 | 0 |
| Interest expense | (122,700) | (145,900) | (157,500) |
| Interest income | 16,700 | 5,700 | 3,200 |
| Earnings from continuing operations before income taxes | 3,481,800 | 3,566,000 | 3,010,800 |
| Income taxes | (883,400) | (871,000) | (711,500) |
| Net earnings from continuing operations | 2,598,400 | 2,695,000 | 2,299,300 |
| Earnings from discontinued operations, net of income taxes | 0 | 0 | 92,900 |
| Net earnings | 2,598,400 | 2,695,000 | 2,392,200 |
| Net earnings per share from continuing operations: | |||
| Basic (in dollars per share) | 3.70 | 3.87 | 3.32 |
| Diluted (in dollars per share) | 3.63 | 3.80 | 3.23 |
| Net earnings per share from discontinued operations: | |||
| Basic (in dollars per share) | 0.00 | 0.00 | 0.13 |
| Diluted (in dollars per share) | 0.00 | 0.00 | 0.13 |
| Net earnings per share: | |||
| Basic (in dollars per share) | 3.70 | 3.87 | 3.45 |
| Diluted (in dollars per share) | 3.63 | 3.80 | 3.36 |
| Average common stock and common equivalent shares outstanding: | |||
| Basic (in shares) | 702,200 | 696,000 | 693,400 |
| Diluted (in shares) | 716,100 | 711,000 | 713,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2014 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net earnings | $ 2,598,400 | 2,695,000 | 2,392,200 |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation adjustments | (1,235,000) | (62,100) | 90,800 |
| Pension and post-retirement plan benefit adjustments | (361,100) | 289,000 | (139,700) |
| Unrealized (loss) gain on available-for-sale securities | (52,100) | 46,800 | 26,600 |
| Total other comprehensive income (loss), net of income taxes | (1,648,200) | 273,700 | (22,300) |
| Comprehensive income | 950,200 | 2,968,700 | 2,369,900 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2014 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 2,598,400 | 2,695,000 | 2,392,200 |
| Less earnings from discontinued operations, net of income taxes | 0 | 0 | 92,900 |
| Net earnings from continuing operations | 2,598,400 | 2,695,000 | 2,299,300 |
| Non-cash items: | |||
| Depreciation | 552,600 | 529,900 | 497,800 |
| Amortization | 385,900 | 365,100 | 342,000 |
| Stock-based compensation expense | 121,100 | 117,700 | 109,900 |
| Earnings from unconsolidated joint venture, net of cash dividends received | 0 | 66,600 | (25,400) |
| Pre-tax gain on sales of investments and a product line | (156,500) | (431,300) | 0 |
| Change in deferred income taxes | 177,300 | 254,600 | 184,900 |
| Change in trade accounts receivable, net | (142,200) | (48,700) | (79,700) |
| Change in inventories | 50,600 | 62,900 | 69,800 |
| Change in trade accounts payable | 118,400 | 182,600 | 57,000 |
| Change in prepaid expenses and other assets | (125,600) | (120,200) | (100,300) |
| Change in accrued expenses and other liabilities | 178,400 | (88,900) | 146,800 |
| Total operating cash provided by continuing operations | 3,758,400 | 3,585,300 | 3,502,100 |
| Total operating cash used in discontinued operations | 0 | 0 | (87,100) |
| Net cash provided by operating activities | 3,758,400 | 3,585,300 | 3,415,000 |
| Cash flows from investing activities: | |||
| Cash paid for acquisitions | (3,130,900) | (957,200) | (1,796,800) |
| Payments for additions to property, plant and equipment | (597,500) | (551,500) | (458,300) |
| Proceeds from sales of investments and a product line | 253,800 | 958,600 | 0 |
| All other investing activities | 30,300 | (2,400) | 30,000 |
| Total investing cash used in continuing operations | (3,444,300) | (552,500) | (2,225,100) |
| Proceeds from sale of discontinued operations | 0 | 0 | 337,500 |
| Net cash used in investing activities | (3,444,300) | (552,500) | (1,887,600) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of common stock | 132,900 | 177,400 | 212,000 |
| Payment of dividends | (227,700) | (52,100) | (86,400) |
| Purchase of stock | 0 | 0 | (648,400) |
| Net proceeds from (repayments of) borrowings (maturities of 90 days or less) | 312,200 | (763,300) | 195,900 |
| Repayments of borrowings (maturities longer than 90 days) | (414,700) | (967,800) | (61,500) |
| All other financing activities | (20,900) | 0 | 0 |
| Net cash used in financing activities | (218,200) | (1,605,800) | (388,400) |
| Effect of exchange rate changes on cash and equivalents | (205,500) | 9,500 | 2,700 |
| Net change in cash and equivalents | (109,600) | 1,436,500 | 1,141,700 |
| Beginning balance of cash and equivalents | 3,115,200 | 1,678,700 | 537,000 |
| Ending balance of cash and equivalents | 3,005,600 | 3,115,200 | 1,678,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DANAHER CORP /DE/ | ||
Ticker: DHR Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 3,005,600 | 3,115,200 |
| Trade accounts receivable, less allowance for doubtful accounts of $122.6 and $121.5, respectively | 3,633,800 | 3,451,600 |
| Inventories | 1,831,500 | 1,783,500 |
| Prepaid expenses and other current assets | 960,400 | 763,400 |
| Total current assets | 9,431,300 | 9,113,700 |
| Property, plant and equipment, net | 2,203,000 | 2,211,300 |
| Other assets | 1,024,000 | 1,061,300 |
| Goodwill | 16,964,200 | 16,038,200 |
| Other intangible assets, net | 7,369,200 | 6,247,700 |
| Total assets | 36,991,700 | 34,672,200 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Notes payable and current portion of long-term debt | 71,900 | 62,300 |
| Trade accounts payable | 1,875,000 | 1,778,200 |
| Accrued expenses and other liabilities | 3,449,500 | 2,686,900 |
| Total current liabilities | 5,396,400 | 4,527,400 |
| Other long-term liabilities | 4,744,000 | 4,256,700 |
| Long-term debt | 3,401,500 | 3,436,700 |
| Stockholders equity: | ||
| Common stock - $0.01 par value, 2.0 billion shares authorized; 792.5 and 785.7 issued; 704.3 and 698.1 outstanding, respectively | 7,900 | 7,900 |
| Additional paid-in capital | 4,480,900 | 4,157,600 |
| Retained earnings | 20,323,000 | 18,005,300 |
| Accumulated other comprehensive income (loss) | (1,433,700) | 214,500 |
| Total Danaher stockholders equity | 23,378,100 | 22,385,300 |
| Non-controlling interests | 71,700 | 66,100 |
| Total stockholders equity | 23,449,800 | 22,451,400 |
| Total liabilities and stockholders equity | 36,991,700 | 34,672,200 |
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2014 | |
| 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 |