10-Q Filing

DANAHER CORP /DE/ CIK: 313616 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000313616-23-000125`
Period End Date	20230331
Filing Date	20230425
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	dhr-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 36 Cash Flow Statement 62 Stockholders Equity 10 Comprehensive Income 12

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.72B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.00B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.38B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59B	USD	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $125 and $126, respectively	`AccountsReceivableNetCurrent`	$4.92B	USD	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $125 and $126, respectively	`AccountsReceivableNetCurrent`	$4.31B	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$1.50B	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$1.62B	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$473.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$542.00M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$1.22B	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$1.13B	USD	Point-in-time
Total inventories	`InventoryNet`	$3.11B	USD	Point-in-time
Total inventories	`InventoryNet`	$3.38B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.86B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$125.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.46B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$126.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.53B	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.02B	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.89B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.88B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $4,022 and $3,893, respectively	`PropertyPlantAndEquipmentNet`	$4.07B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $4,022 and $3,893, respectively	`PropertyPlantAndEquipmentNet`	$3.96B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.46B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.61B	USD	Point-in-time
Goodwill	`Goodwill`	$39.86B	USD	Point-in-time
Goodwill	`Goodwill`	$39.75B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.98B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.30B	USD	Point-in-time
Total assets	`Assets`	$85.04B	USD	Point-in-time
Total assets	`Assets`	$84.35B	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	870.40M	shares	Point-in-time
Notes payable and current portion of long-term debt	`DebtCurrent`	$591.00M	USD	Point-in-time
Notes payable and current portion of long-term debt	`DebtCurrent`	$1.57B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	869.30M	shares	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$2.30B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	729.20M	shares	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$2.08B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	728.30M	shares	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$5.50B	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$5.08B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.73B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.39B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.56B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.79B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$18.26B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$19.09B	USD	Point-in-time
Preferred stock	`PreferredStockValue`	$1.67B	USD	Point-in-time
Preferred stock	`PreferredStockValue`	$1.67B	USD	Point-in-time
Common stock	`CommonStockValue`	$9.00M	USD	Point-in-time
Common stock	`CommonStockValue`	$9.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.13B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$39.20B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.44B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.87B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.03B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.38B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.77B	USD	Point-in-time
Total Danaher stockholders equity	`StockholdersEquity`	$50.08B	USD	Point-in-time
Total Danaher stockholders equity	`StockholdersEquity`	$51.48B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$8.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$8.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$46.36B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.49B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$50.09B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$84.35B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$85.04B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.69B	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.17B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.80B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.98B	USD	1 Quarter
Gross profit	`GrossProfit`	$4.37B	USD	1 Quarter
Gross profit	`GrossProfit`	$4.71B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.09B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.15B	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$441.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$429.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$2.17B	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$1.79B	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$24.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-20.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$68.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$54.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$48.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.10B	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.80B	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$374.00M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$348.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.73B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.45B	USD	1 Quarter
Mandatory convertible preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$21.00M	USD	1 Quarter
Mandatory convertible preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$41.00M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.68B	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.43B	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.35	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.96	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.94	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.31	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	729.40M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	716.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	737.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	737.70M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$1.73B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.45B	USD	1 Quarter
Depreciation	`Depreciation`	$179.00M	USD	1 Quarter
Depreciation	`Depreciation`	$173.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$384.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$386.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$80.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$79.00M	USD	1 Quarter
Investment (gains) losses	`GainLossOnInvestments`	$-24.00M	USD	1 Quarter
Investment (gains) losses	`GainLossOnInvestments`	$22.00M	USD	1 Quarter
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-80.00M	USD	1 Quarter
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-631.00M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$257.00M	USD	1 Quarter
Change in inventories	`IncreaseDecreaseInInventories`	$431.00M	USD	1 Quarter
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-228.00M	USD	1 Quarter
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-131.00M	USD	1 Quarter
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.00M	USD	1 Quarter
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$22.00M	USD	1 Quarter
Change in accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-293.00M	USD	1 Quarter
Change in accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$78.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.97B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.95B	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$17.00M	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$275.00M	USD	1 Quarter
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$250.00M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00M	USD	1 Quarter
Payments for purchases of investments	`PaymentsToAcquireInvestments`	$274.00M	USD	1 Quarter
Payments for purchases of investments	`PaymentsToAcquireInvestments`	$43.00M	USD	1 Quarter
Proceeds from sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$17.00M	USD	1 Quarter
Proceeds from sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.00M	USD	1 Quarter
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-19.00M	USD	1 Quarter
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-13.00M	USD	1 Quarter
Total cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-304.00M	USD	1 Quarter
Total cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-503.00M	USD	1 Quarter
Payments for the issuance of common stock in connection with stock-based compensation, net	`PaymentsForProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$-34.00M	USD	1 Quarter
Payments for the issuance of common stock in connection with stock-based compensation, net	`PaymentsForProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$-46.00M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$191.00M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$204.00M	USD	1 Quarter
Net (repayments of) proceeds from borrowings (maturities of 90 days or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$10.00M	USD	1 Quarter
Net (repayments of) proceeds from borrowings (maturities of 90 days or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-4.00M	USD	1 Quarter
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-20.00M	USD	1 Quarter
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-47.00M	USD	1 Quarter
Total cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-274.00M	USD	1 Quarter
Total cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-262.00M	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.00M	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-60.00M	USD	1 Quarter
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.13B	USD	1 Quarter
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.38B	USD	1 Quarter
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.72B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.00B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.38B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.72B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.00B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.38B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.59B	USD	Point-in-time
Cash interest payments	`InterestPaidNet`	$82.00M	USD	1 Quarter
Cash interest payments	`InterestPaidNet`	$84.00M	USD	1 Quarter
Cash income tax payments	`IncomeTaxesPaidNet`	$228.00M	USD	1 Quarter
Cash income tax payments	`IncomeTaxesPaidNet`	$227.00M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$46.36B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.49B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$50.09B	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$1.73B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.45B	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-349.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$106.00M	USD	1 Quarter
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$46.36B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.49B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$50.09B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$1.73B	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.45B	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-343.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$25.00M	USD	1 Quarter
Pension and postretirement plan benefit adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Pension and postretirement plan benefit adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-14.00M	USD	1 Quarter
Cash flow hedge adjustments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-20.00M	USD	1 Quarter
Cash flow hedge adjustments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$81.00M	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-349.00M	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$106.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.56B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.38B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.