Danaher Corporation (DHR)
NYSE: DHR · Real-Time Price · USD
209.37
+4.61 (2.25%)
Aug 10, 2026, 4:00 PM EDT - Market closed
Danaher Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | 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 |
Net Income | 4,004 | 3,600 | 3,899 | 4,221 | 6,328 | 5,447 |
Depreciation & Amortization | 2,531 | 2,447 | 2,352 | 2,166 | 2,132 | 2,062 |
Stock-Based Compensation | 297 | 298 | 288 | 306 | 295 | 184 |
Other Adjustments | 348 | 350 | -136 | -937 | -311 | 189 |
Change in Receivables | -213 | -216 | 331 | 322 | -389 | -597 |
Changes in Inventories | 12 | -58 | 147 | 185 | -448 | -427 |
Changes in Accounts Payable | 41 | 9 | 19 | -149 | -18 | 484 |
Changes in Accrued Expenses | -56 | 41 | -486 | -43 | 97 | 64 |
Changes in Other Operating Activities | 125 | -55 | 274 | 1,093 | 833 | 952 |
Operating Cash Flow | 6,635 | 6,416 | 6,688 | 7,164 | 8,519 | 8,358 |
Operating Cash Flow Growth | 7.55% | -4.07% | -6.64% | -15.91% | 1.93% | 34.63% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | 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 |
Capital Expenditures | -1,169 | -1,156 | -1,392 | -1,383 | -1,118 | -1,240 |
Sale of Property, Plant & Equipment | 23 | 33 | 13 | 12 | 9 | 13 |
Purchases of Investments | -144 | -127 | -331 | -172 | -523 | -925 |
Proceeds from Sale of Investments | 2 | 12 | 253 | 61 | 18 | 126 |
Cash Acquisitions | -9,843 | - | -558 | -5,610 | -582 | -10,901 |
Proceeds from Business Divestments | -9 | - | 9 | - | - | - |
Other Investing Activities | 39 | 33 | 34 | 11 | -38 | -60 |
Investing Cash Flow | -11,092 | -1,196 | -1,981 | -7,081 | -2,234 | -12,987 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | 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 |
Long-Term Debt Issued | 8,107 | 1,556 | - | - | - | 984 |
Long-Term Debt Repaid | -1,934 | -500 | -1,674 | -620 | -965 | -1,282 |
Net Long-Term Debt Issued (Repaid) | 6,173 | 1,056 | -1,674 | -620 | -965 | -298 |
Issuance of Common Stock | 70 | 85 | 162 | 68 | 31 | 86 |
Repurchase of Common Stock | -2,904 | -3,088 | -5,979 | - | - | - |
Net Common Stock Issued (Repurchased) | -2,834 | -3,003 | -5,817 | 68 | 31 | 86 |
Common Dividends Paid | -964 | -878 | -768 | -821 | -818 | -742 |
Other Financing Activities | 3,485 | -136 | -126 | 1,100 | -818 | 2,249 |
Financing Cash Flow | 5,860 | -2,961 | -8,385 | -273 | -2,570 | 1,295 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | 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 |
Foreign Exchange Rate Adjustments | -12 | 278 | -108 | 59 | -306 | -115 |
Net Cash Flow | 1,391 | 2,537 | -3,786 | -131 | 3,409 | -3,449 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | 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 |
Free Cash Flow | 5,466 | 5,260 | 5,296 | 5,781 | 7,401 | 7,118 |
Free Cash Flow Growth | 12.42% | -0.68% | -8.39% | -21.89% | 3.98% | 31.40% |
FCF Margin | 21.77% | 21.41% | 22.18% | 24.20% | 27.78% | 28.70% |
Free Cash Flow Per Share | 7.69 | 7.35 | 7.18 | 7.78 | 10.04 | 9.66 |
Levered Free Cash Flow | 11,661 | 5,898 | 3,139 | 5,992 | 7,616 | 7,866 |
Unlevered Free Cash Flow | 5,780 | 5,217 | 4,995 | 6,222 | 8,151 | 7,230 |