Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 6

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 6
---
ated Financial Statements.

56

DANAHER CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

($ and shares in millions, except per share amounts)

 Year Ended December 31202420232022Sales$23,875 $23,890 $26,643 Cost of sales(9,669)(9,856)(10,455)Gross profit14,206 14,034 16,188 Operating costs:Selling, general and administrative expenses(7,759)(7,329)(7,124)Research and development expenses(1,584)(1,503)(1,528)Operating profit4,863 5,202 7,536 Nonoperating income (expense):Other income (expense), net(56)(175)(227)Interest expense(278)(286)(204)Interest income117 303 41 Earnings from continuing operations before income taxes4,646 5,044 7,146 Income taxes(747)(823)(818)Net earnings from continuing operations3,899 4,221 6,328 Earnings from discontinued operations, net of income taxes— 543 881 Net earnings3,899 4,764 7,209 Mandatory convertible preferred stock dividends— (21)(106)Net earnings attributable to common stockholders$3,899 $4,743 $7,103 Net earnings per common share from continuing operations:Basic$5.33 $5.70 $8.58 Diluted$5.29 $5.65 $8.47 Net earnings per common share from discontinued operations:Basic$— $0.74 $1.22 Diluted$— $0.73 $1.20 Net earnings per common share:Basic$5.33 $6.44 $9.80 Diluted$5.29 $6.38 $9.66 *Average common stock and common equivalent shares outstanding:Basic731.0 736.5 725.1 Diluted737.2 743.1 737.1 

*    Net earnings per common share amount does not add due to rounding.

See the accompanying Notes to the Consolidated Financial Statements.

57

DANAHER CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

($