Danaher Corp. (DHR) | Income Statement
The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Danaher Corp., Consolidated Income Statement
USD $ in thousands
| 12 months ended | Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
|---|---|---|---|---|---|---|
| Sales | 18,260,400 | 16,090,540 | 13,202,602 | 11,184,938 | 12,697,456 | |
| Cost of sales | (8,846,100) | (7,913,876) | (6,575,812) | (5,904,718) | (6,757,262) | |
| Gross profit | 9,414,300 | 8,176,664 | 6,626,790 | 5,280,220 | 5,940,194 | |
| Selling, general and administrative expenses | (5,181,200) | (4,607,692) | (3,673,703) | (3,190,211) | (3,345,274) | |
| Research and development expenses | (1,137,900) | (1,018,526) | (809,481) | (632,651) | (725,443) | |
| Earnings from unconsolidated joint venture | 69,900 | 66,780 | 22,768 | – | – | |
| Other income | – | – | – | 85,118 | – | |
| Operating costs and other | (6,249,200) | (5,559,438) | (4,460,416) | (3,737,744) | (4,070,717) | |
| Operating profit | 3,165,100 | 2,617,226 | 2,166,374 | 1,542,476 | 1,869,477 | |
| Gain on contribution of businesses to joint venture | – | – | 291,037 | – | – | |
| Loss on early extinguishment of debt | – | (32,887) | – | – | – | |
| Interest expense | (157,500) | (141,637) | (120,775) | (122,656) | (130,174) | |
| Interest income | 3,200 | 5,147 | 6,069 | 5,034 | 10,004 | |
| Non-operating income (expense) | (154,300) | (169,377) | 176,331 | (117,622) | (120,170) | |
| Earnings from continuing operations before income taxes | 3,010,800 | 2,447,849 | 2,342,705 | 1,424,854 | 1,749,307 | |
| Income taxes | (711,500) | (512,562) | (549,705) | (273,150) | (431,676) | |
| Net earnings from continuing operations | 2,299,300 | 1,935,287 | 1,793,000 | 1,151,704 | 1,317,631 | |
| Earnings from discontinued operations, net of income taxes | 92,900 | 236,977 | – | – | – | |
| Net earnings | 2,392,200 | 2,172,264 | 1,793,000 | 1,151,704 | 1,317,631 |
| Item | Description | The company |
|---|---|---|
| Sales | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Danaher Corp.'s sales increased from 2010 to 2011 and from 2011 to 2012. |
| Operating profit | The net result for the period of deducting operating expenses from operating revenues. | Danaher Corp.'s operating profit increased from 2010 to 2011 and from 2011 to 2012. |
| Earnings from continuing operations before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Danaher Corp.'s earnings from continuing operations before income taxes increased from 2010 to 2011 and from 2011 to 2012. |
| Net earnings from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Danaher Corp.'s net earnings from continuing operations increased from 2010 to 2011 and from 2011 to 2012. |
| Net earnings | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Danaher Corp.'s net earnings increased from 2010 to 2011 and from 2011 to 2012. |
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