← DANAHER CORP /DE/

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings $2.6b $2.5b $2.7b $3.0b $3.6b $6.4b $7.2b $4.8b $3.9b $3.6b
Net earnings from continuing operations $2.2b $2.5b $2.7b $2.4b $3.6b $6.3b $7.2b $4.2b $3.9b $3.6b
Net Income (Loss) Attributable to Parent $2.6b $2.5b $2.7b $3.0b $3.6b $6.4b $7.2b $4.8b $3.9b $3.6b
Net Income (Loss) Available to Common Stockholders, Basic — — — $2.9b $3.5b $6.3b $7.1b $4.7b $3.9b $3.6b
Distribution from discontinued operations — — — — — $0 $0 $2.6b $0 $0
Less: earnings from discontinued operations, net of income taxes $400.3m $22.3m $0 $575.9m $0 ($86.0m) $0 ($543.0m) $0 ($14.0m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $2.2b $2.5b $2.7b $2.4b $3.6b $6.3b $7.2b $4.2b $3.9b $3.6b
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $400.3m $22.3m $0 $575.9m $0 $86.0m $0 $543.0m $0 $14.0m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $400.3m $22.3m $0 $589.2m $0 ($86.0m) $0 ($543.0m) $0 ($14.0m)
Total cash used in investing activities from continuing operations ($5.2b) ($843.4m) ($2.9b) ($1.2b) ($21.2b) ($13.0b) ($2.1b) ($7.0b) ($2.0b) ($1.2b)
Total investing cash used in discontinued operations ($69.8m) $0 $0 ($72.0m) $0 $0 ($89.0m) ($33.0m) $0 $0
Amortization $583.1m $660.5m $706.2m $625.1m — — — — — —
Amortization of Intangible Assets $583.0m $661.0m $706.0m $625.0m $1.1b $1.4b $1.5b $1.5b $1.6b $1.7b
Amortization of acquisition-related inventory fair value step-up — — $0 $0 $457.0m $59.0m $0 $8.0m $25.0m $0
Depreciation $545.0m $577.8m $601.5m $564.4m $637.0m $718.0m $738.0m $675.0m $721.0m $750.0m
Depreciation, Depletion and Amortization $1.1b $1.2b $1.3b $1.2b $1.8b $2.2b $2.2b $2.2b $721.0m $750.0m
Change in deferred income taxes ($383.9m) ($426.9m) ($195.1m) ($415.2m) $518.0m ($229.0m) ($559.0m) ($1.2b) ($483.0m) ($440.0m)
Equity Method Investment, Other than Temporary Impairment — — — — — — $91.0m $31.0m — $58.0m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment charges — — — — — — $0 $77.0m $265.0m $562.0m
Payment, Tax Withholding, Share-based Payment Arrangement — — $41.0m $49.0m $58.0m $81.0m $99.0m $80.0m $97.0m $69.0m
Restructuring Costs and Asset Impairment Charges — $56.1m $2.1m $0 — — — — — —
Share-based Payment Arrangement, Expense $129.8m $139.4m $151.4m $158.8m $187.0m $218.0m $336.0m $306.0m $288.0m $298.0m
Share-based Payment Arrangement, Noncash Expense $129.8m $139.4m $151.4m $158.8m $187.0m $218.0m $336.0m $306.0m $288.0m $298.0m
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — — — — $180.0m —
Gain (Loss) on Disposition of Property Plant Equipment $9.8m $32.6m $6.3m $12.8m $2.0m $13.0m $9.0m $12.0m $13.0m $11.0m
Gain (Loss) on Extinguishment of Debt ($178.8m) $0 $0 ($6.5m) ($26.0m) ($96.0m) $0 $0 — —
Income Tax Expense (Benefit) $457.9m $469.0m $641.9m $873.0m $849.0m $1.3b $1.1b $823.0m $747.0m $633.0m
Interest Expense Nonoperating — — — — — — — — $278.0m $265.0m
Other Nonoperating Income (Expense) — — — — $39.0m $456.0m ($226.0m) ($175.0m) ($56.0m) ($222.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Borrowings (maturities longer than 90 days) — — $0 $12.1b $8.7b $984.0m $0 $0 $0 $1.6b
Cash distributions to Veralto Corporation, net ($485.3m) $0 $0 ($224.0m) $0 $0 $0 ($427.0m) $0 $0
Cash paid for acquisitions ($4.9b) ($385.8m) ($2.2b) ($331.3m) ($21.0b) ($11.0b) ($637.0m) ($5.6b) ($558.0m) $0
Change in accrued expenses and other liabilities $262.7m $312.7m ($8.9m) $404.5m $145.0m $139.0m $76.0m $34.0m ($486.0m) $41.0m
Change in inventories $9.4m ($27.4m) ($143.3m) ($21.9m) ($123.0m) ($502.0m) ($486.0m) $185.0m $147.0m ($58.0m)
Change in prepaid expenses and other assets ($62.4m) $4.4m $89.7m $47.7m $102.0m ($4.0m) ($78.0m) $419.0m $274.0m ($55.0m)
Change in trade accounts payable $78.1m ($54.4m) $225.8m $18.1m $227.0m $549.0m $5.0m ($149.0m) $19.0m $9.0m
Change in trade accounts receivable, net ($183.1m) ($161.4m) ($58.3m) ($156.4m) ($264.0m) ($611.0m) ($477.0m) $322.0m $331.0m ($216.0m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — $455.0m $13.0m $0 $0 — $9.0m
Distribution of noncash net assets to Veralto Corporation — — — — — $0 $0 ($1.7b) $0 $0
Gain (Loss) on Investments — — — — $18.0m $401.0m ($271.0m) ($182.0m) ($57.0m) ($248.0m)
Goodwill $23.8b $25.1b $25.9b $22.7b $35.4b $41.2b $39.8b $41.6b $40.5b $43.2b
Increase (Decrease) in Accounts Payable $78.1m ($54.4m) $225.8m $18.1m $227.0m $549.0m $5.0m ($149.0m) $19.0m $9.0m
Increase (Decrease) in Accounts Receivable $183.1m $161.4m $58.3m $156.4m $264.0m $611.0m $477.0m ($322.0m) ($331.0m) $216.0m
Increase (Decrease) in Inventories ($9.4m) $27.4m $143.3m $21.9m $123.0m $502.0m $486.0m ($185.0m) ($147.0m) $58.0m
Investment Income, Interest $200k $7.5m $9.2m $139.0m $71.0m $11.0m $41.0m $303.0m $117.0m $30.0m
Net (repayments of) proceeds from borrowings (maturities of 90 days or less) $2.2b ($3.8b) $65.7m $2.8b ($4.6b) $2.3b ($723.0m) ($1.0b) $5.0m ($11.0m)
Proceeds from Stock Options Exercised — $117.0m $133.0m $179.0m $211.0m $167.0m $130.0m $148.0m $259.0m $154.0m
Realized Investment Gains (Losses) — — — — — $120.0m $123.0m $89.0m $156.0m ($140.0m)
Repayments of borrowings (maturities longer than 90 days) ($2.5b) ($668.4m) ($507.8m) ($1.6b) ($5.9b) ($1.2b) ($965.0m) ($620.0m) ($1.7b) ($500.0m)
Stock-based compensation expense $129.8m $139.4m $151.4m $158.8m $187.0m $218.0m $336.0m $306.0m $288.0m $298.0m
Unrealized Gain (Loss) on Investments — — — — — $281.0m ($394.0m) ($271.0m) ($213.0m) ($108.0m)
Net Cash Provided by (Used in) Operating Activities $3.5b $3.5b $4.0b $4.0b $6.2b $8.4b $8.5b $7.2b $6.7b $6.4b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $589.6m $619.6m $655.7m $635.5m $791.0m $1.3b $1.2b $1.4b $1.4b $1.2b
Payments to Acquire Businesses, Net of Cash Acquired $4.9b $385.8m $2.2b $331.3m $21.0b $11.0b $637.0m $5.6b $558.0m $0
Payments for purchases of investments $0 $0 ($148.9m) ($241.0m) ($342.0m) ($934.0m) ($523.0m) ($172.0m) ($331.0m) ($127.0m)
Payments to Acquire Investments $0 $0 $148.9m $241.0m $342.0m $934.0m $523.0m $172.0m $331.0m $127.0m
Gain (Loss) on Sale of Investments $223.4m $72.8m $0 $0 — — — — — —
Investment (Gains) Losses, Pretax Gain On Sale Of Product Line And Other — — — — — — — ($182.0m) ($57.0m) ($228.0m)
Proceeds from sales of investments $264.8m $137.9m $22.2m $0 $13.0m $126.0m $18.0m $61.0m $253.0m $9.0m
All other investing activities $31.7m ($8.5m) $0 $28.9m $24.0m $37.0m $51.0m $44.0m $34.0m $33.0m
Payments for (Proceeds from) Other Investing Activities ($31.7m) $8.5m $0 ($28.9m) ($24.0m) ($37.0m) ($51.0m) ($44.0m) ($34.0m) ($33.0m)
Net Cash Provided by (Used in) Investing Activities ($5.2b) ($843.4m) ($2.9b) ($1.2b) ($21.2b) ($13.0b) ($2.2b) ($7.1b) ($2.0b) ($1.2b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $3.2b $1.8b $0 $12.1b — — — — — —
Repayments of Long-term Debt $2.5b $668.4m $507.8m $1.6b — — — — — —
Proceeds from Issuance of Common Stock $164.5m $68.8m $96.0m $1.4b $1.7b $0 $0 $68.0m $162.0m $85.0m
Proceeds from the issuance of common stock in connection with stock-based compensation — $68.8m $96.0m $130.1m $153.0m $86.0m $31.0m $68.0m $162.0m $85.0m
Payments for Repurchase of Common Stock — — — — — — $0 $0 $6.0b $3.1b
Dividends paid $399.8m $378.3m $433.4m $526.7m $615.0m $742.0m $818.0m $821.0m $768.0m $878.0m
Payment of dividends ($400) ($378) ($433) ($527) ($615) ($742) ($818) ($821) ($768) ($878)
All other financing activities ($27.0m) ($59.8m) ($17.9m) ($43.3m) ($3.0m) ($16.0m) ($95.0m) ($67.0m) ($131.0m) ($125.0m)
Proceeds from (Payments for) Other Financing Activities ($27.0m) ($59.8m) ($17.9m) ($43.3m) ($3.0m) ($16.0m) ($95.0m) ($67.0m) ($131.0m) ($125.0m)
Net cash (used in) provided by financing activities for continuing operations $2.5b ($3.1b) ($797.4m) $16.6b $1.0b $1.3b ($2.6b) $154.0m ($8.4b) ($3.0b)
Net Cash Provided by (Used in) Financing Activities $2.0b ($3.1b) ($797.4m) $16.4b $1.0b $1.3b ($2.6b) ($273.0m) ($8.4b) ($3.0b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($148.6m) $130.7m ($117.7m) $45.1m $148.0m ($115.0m) ($306.0m) $59.0m ($108.0m) $278.0m
Effect of exchange rate changes on cash and equivalents ($148.6m) $130.7m ($117.7m) $45.1m $148.0m ($115.0m) ($306.0m) $59.0m ($108.0m) $278.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($148.6m) $130.7m ($117.7m) $45.1m ($13.9b) ($3.4b) $3.4b ($131.0m) ($3.8b) $2.5b
Beginning balance of cash and equivalents $790.8m $963.7m $630.3m $787.8m $6.0b $2.6b $6.0b $5.9b $2.1b $4.6b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $6.0b $2.6b $6.0b $5.9b $2.1b $4.6b
Net change in cash and equivalents $172.9m ($333.4m) $157.5m $19.1b ($13.9b) ($3.4b) $3.4b ($131.0m) ($3.8b) $2.5b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — — — — — $370.0m $331.0m
Income Taxes Paid, Net — — — — — — — $1.8b $1.3b $1.2b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.