Danaher Corporation (DHR)
NYSE: DHR · Real-Time Price · USD
199.05
+2.55 (1.30%)
At close: Jul 28, 2026, 4:00 PM EDT
199.00
-0.05 (-0.03%)
After-hours: Jul 28, 2026, 7:56 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 Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | Mar '26 Mar 27, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 26, 2025 | Jun '25 Jun 27, 2025 | Mar '25 Mar 28, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 27, 2024 | Jun '24 Jun 28, 2024 | Mar '24 Mar 29, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 29, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jul '22 Jul 1, 2022 | Apr '22 Apr 1, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 1, 2021 |
Net Income | 870 | 1,029 | 1,197 | 908 | 555 | 954 | 1,086 | 818 | 907 | 1,088 | 1,121 | 940 | 920 | 1,240 | 2,232 | 1,572 | 1,680 | 1,725 | 888 | 1,158 |
Depreciation & Amortization | 659 | 627 | 623 | 622 | 611 | 591 | 595 | 591 | 580 | 586 | 558 | 533 | 540 | 535 | 565 | 540 | 552 | 565 | 587 | 554 |
Stock-Based Compensation | 93 | 58 | 63 | 83 | 91 | 61 | 57 | 84 | 87 | 60 | 61 | 79 | 96 | 70 | 66 | 89 | 101 | 80 | 59 | 52 |
Other Adjustments | 7 | 77 | 102 | 116 | 476 | 96 | 107 | 119 | 59 | 62 | 182 | 48 | 32 | -22 | 85 | 64 | 98 | 24 | -50 | -111 |
Change in Receivables | 71 | 66 | -151 | -199 | 45 | 89 | -151 | -108 | 74 | 516 | -389 | -38 | 119 | 630 | -343 | 11 | -225 | 80 | -445 | -81 |
Changes in Inventories | -46 | -132 | 184 | 6 | -82 | -166 | 264 | 35 | -34 | -118 | 238 | 91 | 129 | -255 | 243 | -61 | -237 | -431 | -64 | -146 |
Changes in Accounts Payable | -38 | -41 | 143 | -23 | -50 | -61 | 205 | -82 | -30 | -74 | 165 | -4 | -115 | -195 | 185 | -169 | 120 | -131 | 449 | 170 |
Changes in Accrued Expenses | -249 | -322 | 412 | 103 | -241 | -233 | 364 | -28 | -462 | -360 | 772 | -188 | -391 | -236 | 41 | -31 | -12 | 78 | 270 | -63 |
Changes in Other Operating Activities | 121 | -40 | -2 | 46 | -67 | -32 | -25 | 84 | 236 | -21 | 115 | 169 | 629 | 180 | 26 | -5 | -77 | -22 | -106 | -41 |
Operating Cash Flow | 1,534 | 1,322 | 2,117 | 1,662 | 1,338 | 1,299 | 2,019 | 1,513 | 1,417 | 1,739 | 1,619 | 1,672 | 1,926 | 1,947 | 2,541 | 2,010 | 2,000 | 1,968 | 1,588 | 1,492 |
Operating Cash Flow Growth (YoY) | 14.65% | 1.77% | 4.85% | 9.85% | -5.58% | -25.30% | 24.71% | -9.51% | -26.43% | -10.68% | -36.29% | -16.82% | -3.70% | -1.07% | 60.01% | 34.72% | -9.34% | 5.18% | -28.50% | -13.41% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | Mar '26 Mar 27, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 26, 2025 | Jun '25 Jun 27, 2025 | Mar '25 Mar 28, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 27, 2024 | Jun '24 Jun 28, 2024 | Mar '24 Mar 29, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 29, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jul '22 Jul 1, 2022 | Apr '22 Apr 1, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 1, 2021 |
Capital Expenditures | -269 | -237 | -371 | -292 | -248 | -245 | -516 | -298 | -287 | -291 | -434 | -354 | -329 | -266 | -295 | -277 | -296 | -250 | -420 | -318 |
Sale of Property, Plant & Equipment | - | - | 23 | 0 | 4 | 6 | 1 | 11 | 1 | - | 6 | 4 | - | - | 0 | 0 | 7 | 2 | 0 | 0 |
Purchases of Investments | -47 | -20 | -48 | -29 | -32 | -18 | -143 | -61 | -74 | -53 | -20 | -8 | -101 | -43 | -169 | -26 | -54 | -274 | -141 | -232 |
Proceeds from Sale of Investments | - | - | 0 | 2 | 5 | 5 | 2 | 242 | 0 | 9 | 28 | 29 | 3 | 1 | 0 | 1 | 0 | 17 | 22 | 48 |
Cash Acquisitions | - | - | - | - | - | - | -33 | -513 | - | - | -5,610 | 0 | - | - | -333 | -227 | -60 | -17 | -273 | -9,563 |
Proceeds from Business Divestments | - | - | -9 | 0 | 0 | 9 | 9 | 0 | - | - | - | - | - | - | - | - | - | - | - | 0 |
Other Investing Activities | 12 | 8 | 12 | 7 | 13 | 1 | -5 | 13 | 12 | 14 | 13 | -3 | -6 | 4 | 15 | 14 | 3 | 19 | 2 | 17 |
Investing Cash Flow | -10,147 | -249 | -384 | -312 | -258 | -242 | -694 | -606 | -360 | -321 | -6,017 | -329 | -431 | -304 | -816 | -515 | -400 | -503 | -810 | -10,048 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | Mar '26 Mar 27, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 26, 2025 | Jun '25 Jun 27, 2025 | Mar '25 Mar 28, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 27, 2024 | Jun '24 Jun 28, 2024 | Mar '24 Mar 29, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 29, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jul '22 Jul 1, 2022 | Apr '22 Apr 1, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 1, 2021 |
Long-Term Debt Issued | 6,555 | - | 1,552 | 0 | 0 | 4 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Repaid | 0 | -1,434 | 0 | -500 | - | - | -700 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Long-Term Debt Issued (Repaid) | 6,555 | -1,434 | 1,552 | -500 | 0 | 4 | -700 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Issuance of Common Stock | 8 | -9 | 46 | 25 | 19 | -5 | 19 | 67 | 77 | -1 | 17 | 55 | 30 | -34 | 16 | 38 | 23 | -46 | 23 | 38 |
Repurchase of Common Stock | -894 | - | 0 | -2,010 | 0 | -1,078 | -809 | -640 | -4,530 | - | - | - | - | - | - | - | - | - | - | - |
Net Common Stock Issued (Repurchased) | -886 | -9 | 46 | -1,985 | 19 | -1,083 | -790 | -573 | -4,453 | -1 | 17 | 55 | 30 | -34 | 16 | 38 | 23 | -46 | 23 | 38 |
Common Dividends Paid | -283 | -226 | -226 | -229 | -229 | -194 | -195 | -196 | -200 | -177 | -200 | -199 | -218 | -204 | -203 | -204 | -220 | -191 | -191 | -191 |
Other Financing Activities | 1,887 | 1,715 | -50 | -67 | -37 | 18 | -7 | -76 | -88 | 45 | -1,011 | -18 | -20 | -24 | -19 | -64 | -698 | -37 | -1,235 | 3,458 |
Financing Cash Flow | 7,273 | 46 | 1,322 | -2,781 | -247 | -1,255 | -1,692 | -845 | -5,715 | -133 | -2,246 | 2,443 | -208 | -262 | -906 | -230 | -1,160 | -274 | -1,403 | 3,305 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | Mar '26 Mar 27, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 26, 2025 | Jun '25 Jun 27, 2025 | Mar '25 Mar 28, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 27, 2024 | Jun '24 Jun 28, 2024 | Mar '24 Mar 29, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 29, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jul '22 Jul 1, 2022 | Apr '22 Apr 1, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 1, 2021 |
Foreign Exchange Rate Adjustments | -13 | -33 | 32 | 2 | 131 | 113 | -182 | 191 | 1 | -118 | 231 | -84 | -91 | 3 | 26 | -99 | -173 | -60 | 2 | -61 |
Net Cash Flow | -1,353 | 1,086 | 3,087 | -1,429 | 964 | -85 | -549 | 253 | -4,657 | 1,167 | -6,413 | 3,702 | 1,196 | 1,384 | 845 | 1,166 | 267 | 1,131 | 34 | -4,770 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 26, 2026 | Mar '26 Mar 27, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 26, 2025 | Jun '25 Jun 27, 2025 | Mar '25 Mar 28, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 27, 2024 | Jun '24 Jun 28, 2024 | Mar '24 Mar 29, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 29, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jul '22 Jul 1, 2022 | Apr '22 Apr 1, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 1, 2021 |
Free Cash Flow | 1,265 | 1,085 | 1,746 | 1,370 | 1,090 | 1,054 | 1,503 | 1,215 | 1,130 | 1,448 | 1,185 | 1,318 | 1,597 | 1,681 | 2,246 | 1,733 | 1,704 | 1,718 | 1,168 | 1,174 |
Free Cash Flow Growth (YoY) | 16.05% | 2.94% | 16.17% | 12.76% | -3.54% | -27.21% | 26.83% | -7.81% | -29.24% | -13.86% | -47.24% | -23.95% | -6.28% | -2.15% | 92.30% | 47.62% | -10.36% | 6.05% | -38.69% | -23.57% |
FCF Margin | 20.19% | 18.23% | 25.53% | 22.63% | 18.36% | 18.36% | 22.99% | 20.96% | 19.68% | 24.98% | 18.50% | 23.44% | 27.01% | 28.26% | 31.48% | 22.62% | 21.98% | 22.35% | 14.33% | 16.24% |
Free Cash Flow Per Share | 1.79 | 1.53 | 2.46 | 1.92 | 1.52 | 1.46 | 2.06 | 1.67 | 1.52 | 1.93 | 1.59 | 1.77 | 2.14 | 2.28 | 3.01 | 2.35 | 2.32 | 2.33 | 1.58 | 1.61 |
Levered Free Cash Flow | 7,603 | -550 | 3,738 | 870 | 478 | 812 | 1,273 | 1,120 | 910 | 810 | 2,493 | 1,376 | 1,569 | 1,192 | 2,975 | 1,548 | 1,708 | 1,493 | 2,463 | 1,273 |
Unlevered Free Cash Flow | 1,088 | 974.82 | 2,291 | 1,436 | 566.97 | 930.52 | 2,075 | 1,104 | 981.19 | 845.1 | 2,638 | 1,218 | 1,400 | 998.11 | 2,885 | 1,637 | 1,840 | 1,594 | 2,563 | 1,249 |