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: 2021 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 23, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 6,433 | 3,646 | 3,008 |
| Less: earnings from discontinued operations, net of income taxes | (86) | 0 | (576) |
| Net earnings from continuing operations | 6,347 | 3,646 | 2,432 |
| Noncash items: | |||
| Depreciation | 718 | 637 | 564 |
| Amortization of intangible assets | 1,450 | 1,138 | 625 |
| Amortization of acquisition-related inventory fair value step-up | 59 | 457 | 0 |
| Stock-based compensation expense | 218 | 187 | 159 |
| Contract settlement expense | 542 | 0 | 0 |
| Pretax loss on early extinguishment of borrowings | 96 | 26 | 7 |
| Pretax gain on sale of product lines and investment (gains) losses | (414) | (455) | 0 |
| Change in deferred income taxes | (229) | 518 | (415) |
| Change in trade accounts receivable, net | (611) | (264) | (157) |
| Change in inventories | (502) | (123) | (22) |
| Change in trade accounts payable | 549 | 227 | 18 |
| Change in prepaid expenses and other assets | (4) | 102 | 48 |
| Change in accrued expenses and other liabilities | 139 | 119 | 398 |
| Total operating cash provided by continuing operations | 8,358 | 6,215 | 3,657 |
| Total operating cash (used in) provided by discontinued operations | 0 | (7) | 295 |
| Net cash provided by operating activities | 8,358 | 6,208 | 3,952 |
| Cash flows from investing activities: | |||
| Cash paid for acquisitions | (10,961) | (20,971) | (331) |
| Payments for additions to property, plant and equipment | (1,294) | (791) | (636) |
| Proceeds from sales of property, plant and equipment | 13 | 2 | 13 |
| Payments for purchases of investments | (934) | (342) | (241) |
| Proceeds from sales of investments | 126 | 13 | 0 |
| Proceeds from sale of product lines | 26 | 826 | 0 |
| All other investing activities | 37 | 24 | 29 |
| Total cash used in investing activities from continuing operations | (12,987) | (21,239) | (1,166) |
| Total investing cash used in discontinued operations | 0 | 0 | (72) |
| Net cash used in investing activities | (12,987) | (21,239) | (1,238) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of common stock in connection with stock-based compensation | 86 | 153 | 130 |
| Proceeds from the public offering of common stock, net of issuance costs | 0 | 1,729 | 1,443 |
| Proceeds from the public offering of preferred stock, net of issuance costs | 0 | 1,668 | 1,600 |
| Net proceeds from the sale of Envista Holdings Corporation common stock, net of issuance costs | 0 | 0 | 643 |
| Payment of dividends | (742) | (615) | (527) |
| Net proceeds from (repayments of) borrowings (maturities of 90 days or less) | 2,265 | (4,637) | 2,802 |
| Proceeds from borrowings (maturities longer than 90 days) | 984 | 8,670 | 12,113 |
| Repayments of borrowings (maturities longer than 90 days) | (1,186) | (5,933) | (1,565) |
| Make-whole premiums to redeem borrowings prior to maturity | (96) | (26) | (7) |
| All other financing activities | (16) | (3) | (43) |
| Total financing cash provided by continuing operations | 1,295 | 1,006 | 16,589 |
| Cash distributions to Envista Holdings Corporation, net | 0 | 0 | (224) |
| Net cash provided by financing activities | 1,295 | 1,006 | 16,365 |
| Effect of exchange rate changes on cash and equivalents | (115) | 148 | 45 |
| Net change in cash and equivalents | (3,449) | (13,877) | 19,124 |
| Beginning balance of cash and equivalents | 6,035 | 19,912 | |
| Ending balance of cash and equivalents | 2,586 | 6,035 | 19,912 |
| Supplemental disclosure: | |||
| Shares redeemed through the split-off of Envista Holdings Corporation | 0 | 0 | 3,452 |
| Shares held as Treasury shares | 22,900 | ||
| External Links | |
| DANAHER CORP /DE/ (DHR) Fiscal Year 2021 | |
| 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 |