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: 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 |
| 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 |