Company: DHR
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0000313616-25-000081
Chunk: 94

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 94
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 President, Deputy General Counsel and Secretary; Chief Sustainability Officer

Dated: March 26, 2025

| 2025 Notice of Annual Meeting and Proxy Statement |     | 76 |

APPENDIX A Reconciliation of GAAP to Non-GAAP Financial Measures

As described in more detail in the Compensation Discussion and Analysis section of the Company’s 2025 Proxy Statement, the 2024 annual cash incentive awards paid to the Company’s named executive officers were based in part on the Company’s 2024 performance with respect to three metrics: Adjusted EPS, Free Cash Flow Ratio and Core Revenue Growth. Each of these metrics is a non-GAAP financial measure. Set forth below are reconciliations of each of these metrics to the comparable GAAP financial measure, based on the Company’s actual 2024 performance.

RECONCILIATION OF 2024 ADJUSTED EPS

| ($ in millions, except per-share amounts)                                                                                                                                                                                                                                             |     | Net Income |     | Diluted Net Earnings Per Share |
| 2024 Net Income from Continuing Operations (for the Calculation of Diluted Net Earnings Per Common Share) or Diluted Net Earnings Per Common Share from Continuing Operations, as applicable (GAAP)                                                                                   |     |     $3,899 |     |                          $5.29 |
| Amortization of acquisition-related intangible assets                                                                                                                                                                                                                                 |     |      1,631 |     |                           2.21 |
| Fair value net losses on investments                                                                                                                                                                                                                                                  |     |         57 |     |                           0.08 |
| Impairments                                                                                                                                                                                                                                                                           |     |        265 |     |                           0.36 |
| Acquisition-related items                                                                                                                                                                                                                                                             |     |         25 |     |                           0.03 |
| Contract termination expense                                                                                                                                                                                                                                                          |     |         56 |     |                           0.08 |
| Tax effect of the above adjustments                                                                                                                                                                                                                                                   |     |       -373 |     |                          -0.51 |
| Discrete tax adjustments                                                                                                                                                                                                                                                              |     |        -49 |     |                          -0.07 |
| Rounding                                                                                                                                                                                                                                                                              |     |          — |     |                           0.01 |
| 2024 Adjusted Net Income or Adjusted Diluted Net Earnings Per Common Share from Continuing Operations, as applicable (non-GAAP) (as disclosed in the Current Report on Form 8-K furnished by the Company on January 29,