10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2022 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 22, 2023) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Sales | $ 31,471 | 29,453 | 22,284 |
| Cost of sales | (12,522) | (11,501) | (9,809) |
| Gross profit | 18,949 | 17,952 | 12,475 |
| Operating costs: | |||
| Selling, general and administrative expenses | (8,516) | (8,198) | (6,896) |
| Research and development expenses | (1,745) | (1,742) | (1,348) |
| Other operating expenses | 0 | (547) | 0 |
| Operating profit | 8,688 | 7,465 | 4,231 |
| Nonoperating income (expense): | |||
| Other income (expense), net | (226) | 456 | 494 |
| Loss on early extinguishment of borrowings | 0 | (96) | (26) |
| Interest expense | (211) | (238) | (275) |
| Interest income | 41 | 11 | 71 |
| Earnings from continuing operations before income taxes | 8,292 | 7,598 | 4,495 |
| Income taxes | (1,083) | (1,251) | (849) |
| Net earnings from continuing operations | 7,209 | 6,347 | 3,646 |
| Earnings from discontinued operations, net of income taxes | 0 | 86 | 0 |
| Net earnings | 7,209 | 6,433 | 3,646 |
| Mandatory convertible preferred stock dividends | (106) | (164) | (136) |
| Net earnings attributable to common stockholders | 7,103 | 6,269 | 3,510 |
| Net earnings per common share: | |||
| Net earnings per common share from continuing operations, basic | 9.80 | 8.65 | 4.97 |
| Net earnings per common share from continuing operations, diluted | 9.66 | 8.50 | 4.89 |
| Net earnings per common share from discontinued operations, basic | 0.00 | 0.12 | 0.00 |
| Net earnings per common share from discontinued operations, diluted | 0.00 | 0.12 | 0.00 |
| Net earnings per common share, basic | 9.80 | 8.77 | 4.97 |
| Net earnings per common share, diluted | 9.66 | 8.61 [1] | 4.89 |
| Average common stock and common equivalent shares outstanding: | |||
| Basic | 725,100 | 714,600 | 706,200 |
| Diluted | 737,100 | 736,800 | 718,700 |
| [1] * Net earnings per common 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: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 22, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net earnings | $ 7,209 | 6,433 | 3,646 |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation adjustments | (2,105) | (1,284) | 2,919 |
| Pension and postretirement plan benefit adjustments | 209 | 378 | (147) |
| Cash flow hedge adjustments | 51 | 247 | (72) |
| Total other comprehensive income (loss), net of income taxes | (1,845) | (659) | 2,700 |
| Comprehensive income | 5,364 | 5,774 | 6,346 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DANAHER CORP /DE/ | |||
Ticker: DHR Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 22, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 7,209 | 6,433 | 3,646 |
| Less: earnings from discontinued operations, net of income taxes | 0 | (86) | 0 |
| Net earnings from continuing operations | 7,209 | 6,347 | 3,646 |
| Noncash items: | |||
| Depreciation | 738 | 718 | 637 |
| Amortization of intangible assets | 1,484 | 1,450 | 1,138 |
| Amortization of acquisition-related inventory fair value step-up | 0 | 59 | 457 |
| Stock-based compensation expense | 336 | 218 | 187 |
| Contract settlement expense | 0 | 542 | 0 |
| Pretax loss on early extinguishment of borrowings | 0 | 96 | 26 |
| Pretax gain on sale of product lines and investment (gains) losses | 271 | (414) | (455) |
| Change in deferred income taxes | (559) | (229) | 518 |
| Change in trade accounts receivable, net | (477) | (611) | (264) |
| Change in inventories | (486) | (502) | (123) |
| Change in trade accounts payable | 5 | 549 | 227 |
| Change in prepaid expenses and other assets | (78) | (4) | 102 |
| Change in accrued expenses and other liabilities | 76 | 139 | 119 |
| Total operating cash provided by continuing operations | 8,519 | 8,358 | 6,215 |
| Total operating cash used in discontinued operations | 0 | 0 | (7) |
| Net cash provided by operating activities | 8,519 | 8,358 | 6,208 |
| Cash flows from investing activities: | |||
| Cash paid for acquisitions | (637) | (10,961) | (20,971) |
| Payments for additions to property, plant and equipment | (1,152) | (1,294) | (791) |
| Proceeds from sales of property, plant and equipment | 9 | 13 | 2 |
| Payments for purchases of investments | (523) | (934) | (342) |
| Proceeds from sales of investments | 18 | 126 | 13 |
| Proceeds from sale of product lines | 0 | 26 | 826 |
| All other investing activities | 51 | 37 | 24 |
| Net cash used in investing activities for continuing operations | (2,234) | (12,987) | (21,239) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of common stock in connection with stock-based compensation | 31 | 86 | 153 |
| Proceeds from the public offering of common stock, net of issuance costs | 0 | 0 | 1,729 |
| Proceeds from the public offering of preferred stock, net of issuance costs | 0 | 0 | 1,668 |
| Payment of dividends | (818) | (742) | (615) |
| Net (repayments of) proceeds from borrowings (maturities of 90 days or less) | (723) | 2,265 | (4,637) |
| Proceeds from borrowings (maturities longer than 90 days) | 0 | 984 | 8,670 |
| Repayments of borrowings (maturities longer than 90 days) | (965) | (1,186) | (5,933) |
| Make-whole premiums to redeem borrowings prior to maturity | 0 | (96) | (26) |
| All other financing activities | (95) | (16) | (3) |
| Net cash (used in) provided by financing activities for continuing operations | (2,570) | 1,295 | 1,006 |
| Effect of exchange rate changes on cash and equivalents | (306) | (115) | 148 |
| Net change in cash and equivalents | 3,409 | (3,449) | (13,877) |
| Beginning balance of cash and equivalents | 2,586 | 6,035 | |
| Ending balance of cash and equivalents | 5,995 | 2,586 | 6,035 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DANAHER CORP /DE/ | ||
Ticker: DHR Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 22, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 5,995 | 2,586 |
| Trade accounts receivable, less allowance for doubtful accounts of $126 as of December 31, 2022 and $124 as of December 31, 2021 | 4,918 | 4,631 |
| Inventories | 3,110 | 2,767 |
| Prepaid expenses and other current assets | 1,860 | 1,664 |
| Total current assets | 15,883 | 11,648 |
| Property, plant and equipment, net | 3,956 | 3,790 |
| Other long-term assets | 4,459 | 3,719 |
| Goodwill | 39,752 | 41,184 |
| Other intangible assets, net | 20,300 | 22,843 |
| Total assets | 84,350 | 83,184 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Notes payable and current portion of long-term debt | 591 | 8 |
| Trade accounts payable | 2,296 | 2,569 |
| Accrued expenses and other liabilities | 5,502 | 5,563 |
| Total current liabilities | 8,389 | 8,140 |
| Other long-term liabilities | 6,785 | 7,699 |
| Long-term debt | 19,086 | 22,168 |
| Stockholders equity: | ||
| Preferred stock, no par value, 15.0 million shares authorized; no shares and 1.65 million shares of 4.75% Mandatory Convertible Preferred Stock, Series A, issued and outstanding as of December 31, 2022 and December 31, 2021, respectively; 1.72 million shares of 5.00% Mandatory Convertible Preferred Stock, Series B, issued and outstanding as of December 31, 2022 and December 31, 2021 | 1,668 | 3,268 |
| Common stock - $0.01 par value, 2.0 billion shares authorized; 869.3 million issued and 728.3 million outstanding as of December 31, 2022; 855.7 million issued and 715.0 million outstanding as of December 31, 2021 | 9 | 9 |
| Additional paid-in capital | 12,072 | 10,090 |
| Retained earnings | 39,205 | 32,827 |
| Accumulated other comprehensive income (loss) | (2,872) | (1,027) |
| Total Danaher stockholders equity | 50,082 | 45,167 |
| Noncontrolling interests | 8 | 10 |
| Total stockholders equity | 50,090 | 45,177 |
| Total liabilities and stockholders equity | 84,350 | 83,184 |
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2022 | |
| 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 |