Stock Analysis on Net
Stock Analysis on Net

Baxter International Inc. (NYSE:BAX)

This company has been moved to the archive! The financial data has not been updated since August 4, 2016.

Common-Size Income Statement

Baxter International Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Net sales 100.00 100.00 100.00 100.00 100.00
Cost of sales -58.41 -51.07 -50.23 -48.55 -49.28
Gross margin 41.59% 48.93% 49.77% 51.45% 50.72%
Marketing and administrative expenses -31.04 -24.17 -24.12 -23.42 -22.70
Research and development expenses -6.05 -8.52 -8.17 -8.15 -6.81
Operating income 4.50% 16.24% 17.48% 19.88% 21.20%
Interest expense -1.46 -1.00 -1.02 -0.80 -0.66
Interest income 0.20 0.13 0.18 0.18 0.27
Net interest expense -1.26% -0.87% -0.84% -0.61% -0.39%
Foreign exchange 1.13 0.00 0.00 0.00 0.00
Loss on debt extinguishment -1.30 0.00 0.00 0.00 0.00
Gain on litigation settlement 0.52 0.00 0.00 0.00 0.00
Gain on sale of investments and other assets 0.38 0.00 0.00 0.00 0.00
Other 0.32 -0.74 0.06 1.09 -0.60
Other income (expense), net 1.05% -0.74% 0.06% 1.09% -0.60%
Income from continuing operations before income taxes 4.29% 14.63% 16.70% 20.36% 20.22%
Income tax expense -0.35 -2.96 -3.52 -3.97 -3.98
Income from continuing operations 3.94% 11.67% 13.19% 16.39% 16.24%
Income from discontinued operations, net of tax 5.77 3.31 0.00 0.00 0.00
Net income 9.71% 14.98% 13.19% 16.39% 16.24%
Net income attributable to noncontrolling interests 0.00 0.00 0.00 0.00 -0.23
Net income attributable to Baxter 9.71% 14.98% 13.19% 16.39% 16.01%

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Baxter International Inc. operating income as a percentage of net sales decreased from 2013 to 2014 and from 2014 to 2015.
Income 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. Baxter International Inc. income from continuing operations before income taxes as a percentage of net sales decreased from 2013 to 2014 and from 2014 to 2015.
Net income attributable to Baxter The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Baxter International Inc. net income attributable to Baxter as a percentage of net sales increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.