Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 177

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 177
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 to generate substantial cash from operating activities and believes that its operating cash flow, cash on hand and other sources of liquidity will be sufficient to allow it to continue investing in existing businesses (including capital expenditures), consummating strategic acquisitions and investments, paying interest and servicing debt, paying dividends and funding restructuring activities, as well as to repurchase common stock when deemed appropriate and manage its capital structure on a short-term and long-term basis.

The Company has relied primarily on borrowings under its commercial paper program to address liquidity requirements that exceed the capacity provided by its operating cash flows and cash on hand, while also accessing the capital markets from time to time including to secure financing for more significant acquisitions.  Subject to any limitations that may result from market disruptions, the Company anticipates following the same approach in the future.

45

Overview of Cash Flows and Liquidity

Following is an overview of the Company’s cash flows and liquidity for the years ended December 31:

($ in millions)202420232022Total operating cash flows provided by continuing operations$6,688 $6,490 $7,613 Cash paid for acquisitions$(558)$(5,610)$(582)Payments for additions to property, plant and equipment(1,392)(1,383)(1,118)Proceeds from sales of property, plant and equipment13 12 9 Payments for purchases of investments(331)(172)(523)Proceeds from sales of investments253 61 18 All other investing activities34 44 51 Total cash used in investing activities from continuing operations(1,981)(7,048)(2,145)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