Danaher Corporation (DHR)
NYSE: DHR · Real-Time Price · USD
213.56
-2.51 (-1.16%)
At close: Aug 31, 2026, 4:00 PM EDT
213.04
-0.52 (-0.25%)
After-hours: Aug 31, 2026, 7:59 PM EDT
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 | 3,614 | 3,899 | 4,764 | 7,209 | 6,433 |
Depreciation & Amortization | 2,531 | 2,447 | 2,352 | 2,166 | 2,132 | 2,062 |
Loss (Gain) From Sale of Assets | -9 | -9 | - | - | - | -5 |
Asset Writedown & Restructuring Costs | 115 | 562 | 265 | 77 | - | - |
Loss (Gain) From Sale of Investments | 196 | 237 | 57 | 182 | 271 | -401 |
Stock-Based Compensation | 297 | 298 | 288 | 306 | 295 | 184 |
Other Operating Activities | 32 | -14 | 25 | -535 | -881 | -289 |
Change in Accounts Receivable | -213 | -216 | 331 | 322 | -389 | -597 |
Change in Inventory | 12 | -58 | 147 | 185 | -448 | -427 |
Change in Accounts Payable | 41 | 9 | 19 | -149 | -18 | 484 |
Change in Other Net Operating Assets | 69 | -14 | -212 | 376 | 24 | 81 |
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 |
Cash Acquisitions | -9,843 | - | -558 | -5,610 | -582 | -10,901 |
Divestitures | - | 9 | - | - | - | - |
Investment in Securities | -142 | -115 | -78 | -111 | -505 | -799 |
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 |
Short-Term Debt Issued | - | - | 5 | - | - | 2,265 |
Long-Term Debt Issued | - | 1,556 | - | - | - | 984 |
Total Debt Issued | 11,780 | 1,556 | 5 | - | - | 3,249 |
Short-Term Debt Repaid | - | -11 | - | -1,006 | -723 | - |
Long-Term Debt Repaid | - | -500 | -1,674 | -620 | -965 | -1,186 |
Total Debt Repaid | -1,944 | -511 | -1,674 | -1,626 | -1,688 | -1,186 |
Net Debt Issued (Repaid) | 9,836 | 1,045 | -1,669 | -1,626 | -1,688 | 2,063 |
Issuance of Common Stock | 71 | 85 | 162 | 68 | 31 | 86 |
Repurchase of Common Stock | -2,904 | -3,088 | -5,979 | - | - | - |
Common Dividends Paid | -964 | -878 | -768 | -821 | - | - |
Dividends Paid | -964 | -878 | -768 | -821 | -818 | -742 |
Other Financing Activities | -179 | -125 | -131 | 2,106 | -95 | -112 |
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% |
Free Cash Flow Margin | 21.77% | 21.41% | 22.18% | 24.20% | 27.78% | 28.70% |
Free Cash Flow Per Share | 7.69 | 7.34 | 7.18 | 7.78 | 10.04 | 9.66 |
Levered Free Cash Flow | 4,325 | 4,549 | 4,697 | 4,806 | 4,799 | 4,716 |
Unlevered Free Cash Flow | 4,508 | 4,714 | 4,871 | 4,985 | 4,927 | 4,860 |
Additional Metrics
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 |
Cash Interest Paid | 318 | 331 | 370 | 392 | 347 | 452 |
Cash Income Tax Paid | 1,210 | 1,200 | 1,300 | 1,800 | 1,800 | 1,700 |
Change in Working Capital | -531 | -719 | -198 | -470 | -1,413 | -561 |