Baxter International Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,966	1,764	3,078	1,718	2,951
Cash & Short-Term Investments	1,966	1,764	3,078	1,718	2,951
Cash Growth	11.45%	-42.69%	79.16%	-41.78%	-20.89%
Receivables	1,932	1,730	1,772	2,623	2,713
Inventory	2,372	2,169	2,059	2,679	2,453
Restricted Cash	-	-	-	-	5
Other Current Assets	602	3,190	2,691	991	750
Total Current Assets	6,872	8,853	9,600	8,011	8,872
Property, Plant & Equipment	3,186	3,176	3,207	5,236	5,808
Long-Term Investments	103	109	136	247	195
Goodwill	4,929	5,275	5,793	6,452	9,836
Other Intangible Assets	4,369	5,223	5,918	6,793	7,792
Long-Term Accounts Receivable	76	82	112	122	111
Long-Term Deferred Tax Assets	200	204	263	280	376
Long-Term Deferred Charges	89	102	103	119	99
Other Long-Term Assets	231	2,758	3,144	1,027	432
Total Assets	20,055	25,782	28,276	28,287	33,521
Accounts Payable	999	968	881	1,110	1,246
Accrued Expenses	747	796	816	875	1,140
Short-Term Debt	1	2,126	-	299	301
Current Portion of Long-Term Debt	-	624	2,665	1,103	208
Current Portion of Leases	83	82	94	122	130
Current Income Taxes Payable	83	121	78	91	90
Current Unearned Revenue	141	131	128	154	162
Other Current Liabilities	916	1,663	1,841	991	959
Total Current Liabilities	2,970	6,511	6,503	4,745	4,236
Long-Term Debt	9,452	10,355	11,064	15,170	17,081
Long-Term Leases	244	262	290	509	590
Long-Term Unearned Revenue	36	40	41	40	84
Pension & Post-Retirement Benefits	637	678	714	846	1,052
Long-Term Deferred Tax Liabilities	245	103	403	661	962
Other Long-Term Liabilities	369	809	793	421	395
Total Liabilities	13,953	18,758	19,808	22,392	24,400
Common Stock	683	683	683	683	683
Additional Paid-In Capital	6,368	6,421	6,389	6,322	6,197
Retained Earnings	13,705	14,929	16,114	14,050	17,065
Treasury Stock	-10,873	-11,059	-11,230	-11,389	-11,488
Comprehensive Income & Other	-3,754	-4,010	-3,554	-3,833	-3,380
Total Common Equity	6,129	6,964	8,402	5,833	9,077
Minority Interest	-27	60	66	62	44
Shareholders' Equity	6,102	7,024	8,468	5,895	9,121
Total Liabilities & Equity	20,055	25,782	28,276	28,287	33,521
Total Debt	9,780	13,449	14,113	17,203	18,310
Net Cash (Debt)	-7,814	-11,685	-11,035	-15,485	-15,359
Net Cash Per Share	-15.23	-22.91	-21.72	-30.72	-30.23
Filing Date Shares Outstanding	514.49	511.62	507.83	504.67	502.29
Total Common Shares Outstanding	514.28	510.93	507.63	504.43	501.62
Working Capital	3,902	2,342	3,097	3,266	4,636
Book Value Per Share	11.92	13.63	16.55	11.56	18.10
Tangible Book Value	-3,169	-3,534	-3,309	-7,412	-8,551
Tangible Book Value Per Share	-6.16	-6.92	-6.52	-14.69	-17.05
Land	119	115	119	137	172
Buildings	1,402	1,301	1,238	1,757	1,915
Machinery	5,829	5,514	5,669	7,977	8,781
Construction In Progress	704	718	624	909	860

Source: S&P Global Market Intelligence. Standard template. Financial Sources.