Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 107

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 107
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DANAHER CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS ($ in millions) Year Ended December 31 2024 2023 2022 Cash flows from operating activities: Net earnings $ 3,899 $ 4,764 $ 7,209 Less: earnings from discontinued operations, net of income taxes — (543) (881) Net earnings from continuing operations 3,899 4,221 6,328 Noncash items: Depreciation 721 675 698 Amortization of intangible assets 1,631 1,491 1,434 Amortization of acquisition-related inventory fair value step-up 25 8 — Stock-based compensation expense 288 306 295 Investment losses 57 182 271 Impairment charges 265 77 — Change in deferred income taxes (483) (1,204) (582) Change in trade accounts receivable, net 331 322 (389) Change in inventories 147 185 (448) Change in trade accounts payable 19 (149) (18) Change in prepaid expenses and other assets 274 419 (73) Change in accrued expenses and other liabilities (486) (43) 97 Total operating cash provided by continuing operations 6,688 6,490 7,613 Total operating cash provided by discontinued operations — 674 906 Net cash provided by operating activities 6,688 7,164 8,519 Cash flows from investing activities: 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 equipment 13 12 9 Payments for purchases of investments (331) (172) (523) Proceeds from sales of investments 253 61 18 All other investing activities 34 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) Cash flows from financing activities: 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