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 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 | ||
| 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 |