Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 89

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 89
---
145) Total investing cash used in discontinued operations — (33) (89) Net cash used in investing activities $ (1,981) $ (7,081) $ (2,234) Proceeds from the issuance of common stock in connection with stock- based compensation $ 162 $ 68 $ 31 Payment of dividends (768) (821) (818) Net proceeds from (repayments of) borrowings (maturities of 90 days or less) 5 (1,006) (723) Repayments of borrowings (maturities longer than 90 days) (1,674) (620) (965) Distribution from discontinued operations — 2,600 — Payments for repurchase of common stock (5,979) — — All other financing activities (131) (67) (95) Net cash (used in) provided by financing activities for continuing operations (8,385) 154 (2,570) Cash distributions to Veralto Corporation, net — (427) — Net cash used in financing activities $ (8,385) $ (273) $ (2,570) As of December 31, 2024, the Company held approximately $2.1 billion of cash and cash equivalents. Operating Activities Cash flows from operating activities can fluctuate significantly from period-to-period as working capital needs and the timing of payments for income taxes, restructuring activities and productivity improvement initiatives, pension funding and other items impact reported cash flows. Operating cash flows from continuing operations were approximately $6.7 billion for 2024, an increase of $198 million, or 3%, as compared to 2023. The year-over-year change in operating cash flows from 2023 to 2024 was primarily attributable to the following factors: • 2024 operating cash flows from continuing operations reflected a decrease of $322 million in net earnings from continuing operations in 2024 as compared to 2023. • Net earnings from continuing operations for 2024 also included $248 million higher noncash charges for impairments, intangible asset amortization, depreciation and amortization of an acquisition-related inventory step- up compared to 2023, net of a decrease in unrealized investment gains/losses and stock compensation expense in 2024 as compared to 2023. Amortization expense primarily relates to the amortization of intangible assets and inventory fair value adjustments. Depreciation expense relates to both the Company’s manufacturing and operating facilities as well as instrumentation leased to