Company: DHR
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000313616-25-000088
Chunk: 44

Company: DANAHER CORP /DE/
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 44
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 in the comparable period of 2024.  The year-over-year increase in cash used in financing activities was primarily due to the repurchase of approximately $1.1 billion of the Company’s common stock and to a lesser extent, due to net repayments of the Company’s commercial paper in 2025 compared to net borrowings in the comparable period of 2024 and higher dividend payments year-over-year.

For a description of the Company’s outstanding debt as of March 28, 2025 and the Company’s commercial paper programs and credit facility, refer to Note 10 to the accompanying Consolidated Condensed Financial Statements.  As of March 28, 2025, the Company was in compliance with all of its respective debt covenants. 

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 three-month period ended March 28, 2025 were $194 million compared to $177 million for the three-month period ended March 29, 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 dividend paid in the second quarter of 2024, partially offset by lower average common stock outstanding.

In the first quarter of 2025, the Company declared a regular quarterly dividend of $0.32 per share of Company common stock payable on April 25, 2025 to holders of record as of March 28, 2025.  

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Cash and Cash Requirements

As of March 28, 2025, the Company held approximately $2.0 billion of cash and cash equivalents that were held on deposit with financial institutions or invested in highly liquid investment-grade debt instruments with a maturity of 90 days or less.  Of the cash and cash equivalents, $378 million was held within the U.S. and approximately $1.6 billion was held outside of the U.S.  The Company will continue to have cash requirements to support general corporate purposes, which may include working capital needs, capital expenditures, acquisitions and investments, paying interest and servicing debt, paying taxes and any related interest or penalties, funding its restructuring activities and pension plans as required, paying dividends to shareholders, repurchasing