Income Statement

The income statement presents information on the financial results of a company 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

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Sales	23,890)	31,471)	29,453)	22,284)	17,911)
Cost of sales	(9,856)	(12,522)	(11,501)	(9,809)	(7,927)
Gross profit	14,034)	18,949)	17,952)	12,475)	9,984)
Selling, general and administrative expenses	(7,329)	(8,516)	(8,198)	(6,896)	(5,588)
Research and development expenses	(1,503)	(1,745)	(1,742)	(1,348)	(1,126)
Other operating expenses	—)	—)	(547)	—)	—)
Operating costs	(8,832)	(10,261)	(10,487)	(8,244)	(6,714)
Operating profit	5,202)	8,688)	7,465)	4,231)	3,269)
Other income (expense), net	(175)	(226)	456)	494)	12)
Loss on early extinguishment of borrowings	—)	—)	(96)	(26)	(7)
Interest expense	(286)	(211)	(238)	(275)	(109)
Interest income	303)	41)	11)	71)	139)
Nonoperating income (expense)	(158)	(396)	133)	264)	36)
Earnings from continuing operations before income taxes	5,044)	8,292)	7,598)	4,495)	3,305)
Income taxes	(823)	(1,083)	(1,251)	(849)	(873)
Net earnings from continuing operations	4,221)	7,209)	6,347)	3,646)	2,432)
Earnings from discontinued operations, net of income taxes	543)	—)	86)	—)	576)
Net earnings	4,764)	7,209)	6,433)	3,646)	3,008)
Mandatory convertible preferred stock dividends	(21)	(106)	(164)	(136)	(68)
Net earnings attributable to common stockholders	4,743)	7,103)	6,269)	3,510)	2,940)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Danaher Corp. sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Operating profit	The net result for the period of deducting operating expenses from operating revenues.	Danaher Corp. operating profit increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Earnings from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Danaher Corp. earnings from continuing operations before income taxes increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net earnings	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Danaher Corp. net earnings increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Danaher Corp. (NYSE:DHR)

Income Statement