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: 2020 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 3,646 | 3,008 | 2,651 |
| Less: earnings from discontinued operations, net of income taxes | 0 | 576 | 245 |
| Net earnings from continuing operations | 3,646 | 2,432 | 2,406 |
| Noncash items: | |||
| Depreciation | 637 | 564 | 562 |
| Amortization of intangible assets | 1,138 | 625 | 616 |
| Amortization of acquisition-related inventory fair value step-up | 457 | 0 | 0 |
| Stock-based compensation expense | 187 | 159 | 138 |
| Pretax gain on sale of product lines | (455) | 0 | 0 |
| Change in deferred income taxes | 518 | (415) | (252) |
| Change in trade accounts receivable, net | (264) | (157) | (55) |
| Change in inventories | (123) | (22) | (134) |
| Change in trade accounts payable | 227 | 18 | 229 |
| Change in prepaid expenses and other assets | 102 | 48 | 78 |
| Change in accrued expenses and other liabilities | 145 | 405 | 56 |
| Total operating cash provided by continuing operations | 6,215 | 3,657 | 3,644 |
| Total operating cash (used in) provided by discontinued operations | (7) | 295 | 378 |
| Net cash provided by operating activities | 6,208 | 3,952 | 4,022 |
| Cash flows from investing activities: | |||
| Cash paid for acquisitions | (20,971) | (331) | (2,173) |
| Payments for additions to property, plant and equipment | (791) | (636) | (584) |
| Proceeds from sales of property, plant and equipment | 2 | 13 | 6 |
| Payments for purchases of investments | (342) | (241) | (146) |
| Proceeds from sales of investments | 13 | 0 | 22 |
| Proceeds from sale of product lines | 826 | 0 | 0 |
| All other investing activities | 24 | 29 | 1 |
| Total investing cash used in continuing operations | (21,239) | (1,166) | (2,874) |
| Total investing cash used in discontinued operations | 0 | (72) | (75) |
| Net cash used in investing activities | (21,239) | (1,238) | (2,949) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of common stock in connection with stock-based compensation | 153 | 130 | 96 |
| Proceeds from the public offering of common stock, net of issuance costs | 1,729 | 1,443 | 0 |
| Proceeds from the public offering of preferred stock, net of issuance costs | 1,668 | 1,600 | 0 |
| Net proceeds from the sale of Envista Holdings Corporation common stock, net of issuance costs | 0 | 643 | 0 |
| Payment of dividends | (615) | (527) | (433) |
| Net (repayments of) proceeds from borrowings (maturities of 90 days or less) | (4,637) | 2,802 | 66 |
| Proceeds from borrowings (maturities longer than 90 days) | 8,670 | 12,113 | 0 |
| Repayments of borrowings (maturities longer than 90 days) | (5,933) | (1,565) | (508) |
| Make-whole premiums to redeem borrowings prior to maturity | (26) | (7) | 0 |
| All other financing activities | (3) | (43) | (18) |
| Total financing cash provided by (used in) continuing operations | 1,006 | 16,589 | (797) |
| Cash distributions to Envista Holdings Corporation, net | 0 | (224) | 0 |
| Net cash provided by (used in) financing activities | 1,006 | 16,365 | (797) |
| Effect of exchange rate changes on cash and equivalents | 148 | 45 | (118) |
| Net change in cash and equivalents | (13,877) | 19,124 | 158 |
| Beginning balance of cash and equivalents | 19,912 | 788 | |
| Ending balance of cash and equivalents | 6,035 | 19,912 | 788 |
| Supplemental disclosure: | |||
| Shares redeemed through the split-off of Envista Holdings Corporation | 0 | 3,452 | 0 |
| Shares held as Treasury shares | 22,900 | ||
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2020 | |
| 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 |