Danaher Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 27, 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	3,689	3,600	3,899	4,221	6,328	5,447
Depreciation & Amortization	2,483	2,447	2,352	2,166	2,132	2,062
Stock-Based Compensation	295	298	288	306	295	184
Other Adjustments	771	350	-136	-937	-311	189
Change in Receivables	-239	-216	331	322	-389	-597
Changes in Inventories	-24	-58	147	185	-448	-427
Changes in Accounts Payable	29	9	19	-149	-18	484
Changes in Accrued Expenses	-48	41	-486	-43	97	64
Changes in Other Operating Activities	-63	-55	274	1,093	833	952
Operating Cash Flow	6,439	6,416	6,688	7,164	8,519	8,358
Operating Cash Flow Growth	3.06%	-4.07%	-6.64%	-15.91%	1.93%	34.63%
Capital Expenditures	-1,148	-1,156	-1,392	-1,383	-1,118	-1,240
Sale of Property, Plant & Equipment	27	33	13	12	9	13
Purchases of Investments	-129	-127	-331	-172	-523	-925
Proceeds from Sale of Investments	7	12	253	61	18	126
Payments for Business Acquisitions	-	-	-558	-5,610	-582	-10,901
Proceeds from Business Divestments	-9	-	9	-	-	-
Other Investing Activities	40	33	34	11	-38	-60
Investing Cash Flow	-1,203	-1,196	-1,981	-7,081	-2,234	-12,987
Long-Term Debt Issued	1,552	1,556	-	-	-	984
Long-Term Debt Repaid	-1,434	-500	-1,674	-620	-965	-1,282
Net Long-Term Debt Issued (Repaid)	118	1,056	-1,674	-620	-965	-298
Issuance of Common Stock	81	85	162	68	31	86
Repurchase of Common Stock	-2,010	-3,088	-5,979	-	-	-
Net Common Stock Issued (Repurchased)	-1,929	-3,003	-5,817	68	31	86
Common Dividends Paid	-910	-878	-768	-821	-818	-742
Other Financing Activities	1,563	-136	-126	1,100	-818	2,249
Financing Cash Flow	-1,660	-2,961	-8,385	-273	-2,570	1,295
Effect of Exchange Rate Changes on Cash and Cash Equivalents	132	278	-108	59	-306	-115
Net Cash Flow	3,708	2,537	-3,786	-131	3,409	-3,449
Free Cash Flow	5,291	5,260	5,296	5,781	7,401	7,118
Free Cash Flow Growth	0.59%	-0.68%	-8.39%	-21.89%	3.98%	31.40%
FCF Margin	21.35%	21.41%	22.18%	24.20%	27.78%	28.70%
Free Cash Flow Per Share	7.41	7.35	7.18	7.78	10.04	9.66
Levered Free Cash Flow	5,036	5,898	3,139	5,992	7,616	7,866
Unlevered Free Cash Flow	3,687	5,217	4,995	6,222	8,151	7,230

SEC Filings: 10-K · 10-Q