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: 2019 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Sales | $ 17,911,100 | 17,048,500 | 15,518,800 |
| Cost of sales | (7,927,400) | (7,543,200) | (6,947,500) |
| Gross profit | 9,983,700 | 9,505,300 | 8,571,300 |
| Operating costs: | |||
| Selling, general and administrative expenses | (5,588,300) | (5,391,000) | (5,042,600) |
| Research and development expenses | (1,126,000) | (1,059,200) | (956,400) |
| Operating profit | 3,269,400 | 3,055,100 | 2,572,300 |
| Nonoperating income (expense): | |||
| Other income, net | 12,000 | 34,500 | 103,500 |
| Loss on early extinguishment of borrowings | (6,500) | 0 | 0 |
| Interest expense | (108,600) | (136,900) | (140,100) |
| Interest income | 139,000 | 9,200 | 7,500 |
| Earnings from continuing operations before income taxes | 3,305,300 | 2,961,900 | 2,543,200 |
| Income taxes | (873,000) | (555,600) | (371,000) |
| Net earnings from continuing operations | 2,432,300 | 2,406,300 | 2,172,200 |
| Earnings from discontinued operations, net of income taxes | 575,900 | 244,600 | 319,900 |
| Net earnings | 3,008,200 | 2,650,900 | 2,492,100 |
| MCPS dividends | (68,400) | 0 | 0 |
| Net earnings attributable to common stockholders | 2,939,800 | 2,650,900 | 2,492,100 |
| Net earnings per share: | |||
| Net earnings per share from continuing operations, basic | 3.31 | 3.43 | 3.12 |
| Net earnings per share from continuing operations, diluted | 3.26 | 3.39 | 3.08 |
| Net earnings per share from discontinued operations, basic | 0.81 | 0.35 | 0.46 |
| Net earnings per share from discontinued operations, diluted | 0.79 | 0.34 | 0.45 |
| Net earnings per share, basic | 4.11 | 3.78 | 3.58 |
| Net earnings per share, diluted | 4.05 | 3.74 | 3.53 |
| Average common stock and common equivalent shares outstanding: | |||
| Basic | 715,000 | 700,600 | 695,800 |
| Diluted | 725,500 | 710,200 | 706,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2019 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net earnings | $ 3,008,200 | 2,650,900 | 2,492,100 |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation adjustments | (75,200) | (632,200) | 976,100 |
| Pension and postretirement plan benefit adjustments | (90,400) | (12,700) | 71,000 |
| Unrealized gain (loss) on available-for-sale securities | 1,200 | (800) | (19,600) |
| Cash flow hedge adjustments | (112,800) | 0 | 0 |
| Total other comprehensive income (loss), net of income taxes | (277,200) | (645,700) | 1,027,500 |
| Comprehensive income | 2,731,000 | 2,005,200 | 3,519,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2019 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 3,008,200 | 2,650,900 | 2,492,100 |
| Less: earnings from discontinued operations, net of income taxes | 575,900 | 244,600 | 319,900 |
| Net earnings from continuing operations | 2,432,300 | 2,406,300 | 2,172,200 |
| Noncash items: | |||
| Depreciation | 564,400 | 562,100 | 538,100 |
| Amortization | 625,100 | 615,600 | 578,800 |
| Stock-based compensation expense | 158,800 | 138,100 | 127,100 |
| Restructuring and impairment charges | 0 | 1,700 | 49,300 |
| Pretax gain on sales of investments | 0 | 0 | (72,800) |
| Change in deferred income taxes | (415,200) | (252,200) | (428,500) |
| Change in trade accounts receivable, net | (156,400) | (54,500) | (142,500) |
| Change in inventories | (21,900) | (134,400) | 3,100 |
| Change in trade accounts payable | 18,100 | 229,600 | (53,900) |
| Change in prepaid expenses and other assets | 47,700 | 75,900 | (12,900) |
| Change in accrued expenses and other liabilities | 404,500 | 55,800 | 364,200 |
| Total operating cash provided by continuing operations | 3,657,400 | 3,644,000 | 3,122,200 |
| Total operating cash provided by discontinued operations | 294,200 | 378,000 | 355,600 |
| Net cash provided by operating activities | 3,951,600 | 4,022,000 | 3,477,800 |
| Cash flows from investing activities: | |||
| Cash paid for acquisitions | (331,300) | (2,173,300) | (385,800) |
| Payments for additions to property, plant and equipment | (635,500) | (583,500) | (570,700) |
| Proceeds from sales of property, plant and equipment | 12,800 | 6,300 | 32,500 |
| Payments for purchases of investments | (241,000) | (145,900) | 0 |
| Proceeds from sales of investments | 0 | 22,200 | 137,900 |
| All other investing activities | 28,900 | 300 | (2,400) |
| Total investing cash used in continuing operations | (1,166,100) | (2,873,900) | (788,500) |
| Total investing cash used in discontinued operations | (72,000) | (75,500) | (54,900) |
| Net cash used in investing activities | (1,238,100) | (2,949,400) | (843,400) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of common stock in connection with stock-based compensation | 130,100 | 96,000 | 68,800 |
| Proceeds from the public offering of common stock, net of issuance costs | 1,443,200 | 0 | 0 |
| Proceeds from the public offering of preferred stock, net of issuance costs | 1,599,600 | 0 | 0 |
| Net proceeds from the sale of Envista Holdings Corporation common stock, net of issuance costs | 643,400 | 0 | 0 |
| Payment of dividends | (526,700) | (433,400) | (378,300) |
| Payment for purchase of noncontrolling interest | 0 | 0 | (64,400) |
| Net proceeds from (repayments of) borrowings (maturities of 90 days or less) | 2,801,800 | 65,700 | (3,778,500) |
| Proceeds from borrowings (maturities longer than 90 days) | 12,112,800 | 0 | 1,782,100 |
| Repayments of borrowings (maturities longer than 90 days) | (1,564,500) | (507,800) | (668,400) |
| Make-whole premiums to redeem borrowings prior to maturity | (6,500) | 0 | 0 |
| All other financing activities | (43,300) | (17,900) | (59,800) |
| Total financing cash provided by (used in) continuing operations | 16,589,900 | (797,400) | (3,098,500) |
| Cash distributions to Envista Holdings Corporation, net | (224,000) | 0 | 0 |
| Net cash provided by (used in) financing activities | 16,365,900 | (797,400) | (3,098,500) |
| Effect of exchange rate changes on cash and equivalents | 45,100 | (117,700) | 130,700 |
| Net change in cash and equivalents | 19,124,500 | 157,500 | (333,400) |
| Beginning balance of cash and equivalents | 787,800 | 630,300 | |
| Ending balance of cash and equivalents | 19,912,300 | 787,800 | 630,300 |
| Supplemental disclosure: | |||
| Shares redeemed through the split-off of Envista Holdings Corporation | 3,452,100 | 0 | 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: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 19,912,300 | 787,800 |
| Trade accounts receivable, less allowance for doubtful accounts of $103.7 as of December 31, 2019 and $102.5 as of December 31, 2018 | 3,191,400 | 3,029,800 |
| Inventories | 1,628,300 | 1,631,400 |
| Prepaid expenses and other current assets | 864,600 | 858,000 |
| Current assets, discontinued operations | 0 | 786,800 |
| Total current assets | 25,596,600 | 7,093,800 |
| Property, plant and equipment, net | 2,302,000 | 2,249,600 |
| Other long-term assets | 1,720,800 | 571,000 |
| Goodwill | 22,712,500 | 22,580,500 |
| Other intangible assets, net | 9,749,700 | 10,282,800 |
| Other assets, discontinued operations | 0 | 5,054,800 |
| Total assets | 62,081,600 | 47,832,500 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Notes payable and current portion of long-term debt | 212,400 | 51,800 |
| Trade accounts payable | 1,514,400 | 1,495,400 |
| Accrued expenses and other liabilities | 3,205,300 | 2,689,300 |
| Current liabilities, discontinued operations | 0 | 605,000 |
| Total current liabilities | 4,932,100 | 4,841,500 |
| Other long-term liabilities | 5,350,900 | 4,701,600 |
| Long-term debt | 21,516,700 | 9,688,500 |
| Long-term liabilities, discontinued operations | 0 | 374,200 |
| Stockholders equity: | ||
| Preferred stock, without 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, 2019; no shares issued or outstanding as of December 31, 2018 | 1,599,600 | 0 |
| Common stock - $0.01 par value, 2.0 billion shares authorized; 835.5 million issued and 695.5 million outstanding as of December 31, 2019; 817.9 million issued and 701.5 million outstanding as of December 31, 2018 | 8,400 | 8,200 |
| Additional paid-in capital | 7,564,600 | 5,834,300 |
| Retained earnings | 24,166,300 | 25,163,000 |
| Accumulated other comprehensive income (loss) | (3,068,300) | (2,791,100) |
| Total Danaher stockholders equity | 30,270,600 | 28,214,400 |
| Noncontrolling interests | 11,300 | 12,300 |
| Total stockholders equity | 30,281,900 | 28,226,700 |
| Total liabilities and stockholders equity | 62,081,600 | 47,832,500 |
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2019 | |
| 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 |