Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 77

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 77
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ably impacted by: • 2023 impairment charges related to technology-based intangible assets and other assets - 75 basis points Amortization of intangible assets as a percentage of sales increased in 2024 as compared with 2023 due to the decrease in sales and relatively consistent amortization expense year-over-year. LIFE SCIENCES The Life Sciences segment offers a broad range of instruments, consumables, services and software that are primarily used by customers to study the basic building blocks of life, including DNA and RNA, nucleic acid, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies, and test and manufacture new drugs, vaccines and gene editing technologies. Additionally, the segment provides products and consumables used to filter and remove contaminants from a variety of liquids and gases in many end-market applications. Life Sciences Selected Financial Data Year Ended December 31 ($ in millions) 2024 2023 2022 Sales $ 7,329 $ 7,141 $ 7,036 Operating profit 879 1,209 1,414 Depreciation 167 129 112 Amortization of intangible assets 576 429 419 Operating profit as a % of sales 12.0 % 16.9 % 20.1 % Depreciation as a % of sales 2.3 % 1.8 % 1.6 % Amortization as a % of sales 7.9 % 6.0 % 6.0 % Sales Growth and Core Sales (Decline) Growth 2024 vs. 2023 2023 vs. 2022 Total sales growth (GAAP) 2.5 % 1.5 % Impact of: Acquisitions (6.0) % (1.5) % Currency exchange rates 1.5 % 1.0 % Core sales (decline) growth (non-GAAP) (2.0) % 1.0 % 2024 Sales Compared to 2023 Price increases in the segment contributed 1.0% to sales growth on a year-over-year basis during 2024 as compared with 2023 and are reflected as a component of core sales above. During 2024, total Life Sciences segment sales increased 2.5% primarily as a result of acquisitions, partially offset by decreased core sales and to a lesser extent the impact of currency exchange rates. The decrease in core sales was led by China and Western Europe. Core sales