Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 121

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 121
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2023 2022 Trade accounts receivable $ 15 $ 86 $ 4 Inventories 1 94 7 Property, plant and equipment 13 158 9 Goodwill 305 3,851 389 Other intangible assets, primarily developed technology, trade names and customer relationships 419 2,146 200 Trade accounts payable (2) (32) (1) Deferred tax liabilities (59) (519) (10) Other assets and liabilities, net 16 (49) (16) Net assets acquired 708 5,735 582 Less: noncash consideration (150) (125) — Net cash consideration $ 558 $ 5,610 $ 582 The noncash consideration of $150 million and $125 million related to a 2024 and a 2023 acquisition, respectively, and were the result of the Company’s preexisting investments in acquired businesses. Transaction-related costs for the Abcam Acquisition were $27 million for the year ended December 31, 2023. The Company’s earnings for 2024 and 2023 also reflect the pretax impact of $25 million and $68 million, respectively, of non- recurring acquisition date fair value adjustments to inventory in both periods and the settlement of pre-acquisition share- based payment awards in 2023, both related to the Abcam Acquisition. Transaction-related costs and acquisition-related fair value adjustments attributable to other acquisitions were not material for the years ended December 31, 2024, 2023 or 2022. Pro Forma Financial Information (Unaudited) The unaudited pro forma information for the periods set forth below gives effect to the 2024 and 2023 acquisitions as if they had occurred as of the beginning of the comparable prior annual reporting period, including the results from operations for the acquired business as well as the impact of assumed financing of the transaction and the impact of the purchase price allocation (including the amortization of acquired intangible assets). The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time ($ in millions except per share amounts): 2024 2023 Sales $ 23,933 $ 24,427 Net earnings from continuing operations 3,892 4,138 Diluted net earnings per common share from continuing operations(a) 5.28 5.54 (a) Diluted net earnings from continuing operations for