Company: DHR
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0000313616-25-000153
Chunk: 154

Company: DANAHER CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Item 2
Chunk 154
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 capital expenditures are typically made for increasing manufacturing capacity, the manufacture of instruments that are used in OTL arrangements that certain of the Company’s businesses enter into with customers, replacing equipment, purchasing facilities, supporting new product development and improving IT systems.  Capital expenditures decreased $85 million on a year-over-year basis for the six-month period ended June 27, 2025 compared to the comparable period in 2024.  

Financing Activities and Indebtedness

Cash flows relating to financing activities can consist of cash flows associated with the issuance and repayments of commercial paper, issuance and repayment of long-term debt, borrowings under committed credit facilities, issuance and repurchases of common stock, issuance of preferred stock and payments of cash dividends to shareholders.  Financing activities used cash of approximately $1.5 billion during the six-month period ended June 27, 2025 compared to approximately $5.8 billion of cash used in the comparable period of 2024.  The year-over-year decrease in cash used in financing activities was primarily due to lower repurchases of the Company’s common stock in the 2025 period compared to 2024 and a repayment of long-term borrowings in 2024, partially offset by lower proceeds from the issuance of common stock in connection with stock-based compensation in the 2025 period compared to 2024 and higher dividend payments year-over-year.

For a description of the Company’s outstanding debt as of June 27, 2025 and the Company’s commercial paper programs and credit facility, refer to Note 10 to the accompanying Consolidated Condensed Financial Statements.  As of June 27, 2025, the Company was in compliance with all of its respective debt covenants. 

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Stock Repurchase Program 

For information regarding the Company’s stock repurchase program and repurchases of common stock, refer to Part II—Item 2, “Unregistered Sales of Equity Securities and Use of Proceeds”.

Dividends

Aggregate cash payments for dividends on Company common stock during the six-month period ended June 27, 2025 were $423 million compared to $377 million for the six-month period ended June 28, 2024.  The increase in dividend payments on the Company’s common stock compared to the comparable period of 2024 is due to the increase in the quarterly dividend rate for common stock beginning with respect to the dividends paid in the second quarter of 2024 and 2025, partially offset by lower average common stock outstanding.