Stock Analysis on Net
Stock Analysis on Net

Becton, Dickinson & Co. (NYSE:BDX)

Adjustments to Financial Statements

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Adjustments to Current Assets

Becton, Dickinson & Co., adjusted current assets

US$ in millions

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Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
As Reported
Current assets 8,969  6,664  7,411  18,633  6,367  6,045 
Adjustments
Add: Allowance for doubtful accounts 80  75  75  54  61  53 
After Adjustment
Adjusted current assets 9,049  6,739  7,486  18,687  6,428  6,098 

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).


Adjustments to Total Assets

Becton, Dickinson & Co., adjusted total assets

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
As Reported
Total assets 54,012  51,765  53,904  37,734  25,586  26,820 
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 —  490  456  250  250  225 
Add: Allowance for doubtful accounts 80  75  75  54  61  53 
Less: Noncurrent deferred tax assets, net2 —  —  —  —  —  — 
After Adjustment
Adjusted total assets 54,092  52,330  54,435  38,038  25,897  27,098 

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Noncurrent deferred tax assets, net. See details »


Adjustments to Total Liabilities

Becton, Dickinson & Co., adjusted total liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
As Reported
Total liabilities 30,248  30,684  32,910  24,786  17,953  19,656 
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1 —  490  456  250  250  225 
Less: Noncurrent deferred tax liabilities2 1,530  1,834  2,310  776  792  1,428 
Less: Restructuring liability 36  57  60  55  69  62 
After Adjustment
Adjusted total liabilities 28,682  29,283  30,996  24,205  17,342  18,391 

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Noncurrent deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Becton, Dickinson & Co., adjusted shareholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
As Reported
Shareholders’ equity 23,765  21,081  20,994  12,948  7,633  7,164 
Adjustments
Less: Net deferred tax assets (liabilities)1 (1,530) (1,834) (2,310) (776) (792) (1,428)
Add: Allowance for doubtful accounts 80  75  75  54  61  53 
Add: Restructuring liability 36  57  60  55  69  62 
After Adjustment
Adjusted shareholders’ equity 25,411  23,047  23,439  13,833  8,555  8,707 

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Becton, Dickinson & Co., adjusted capitalization table

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
As Reported
Short-term debt 707  1,309  2,601  203  1,001  1,452 
Long-term debt, excluding current portion 17,224  18,081  18,894  18,667  10,550  11,370 
Total reported debt 17,931  19,390  21,495  18,870  11,551  12,822 
Shareholders’ equity 23,765  21,081  20,994  12,948  7,633  7,164 
Total reported capital 41,696  40,471  42,489  31,818  19,184  19,986 
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1 —  490  456  250  250  225 
Add: Current operating lease liabilities (recorded in Accrued expenses)2 106  —  —  —  —  — 
Add: Non-current operating lease liabilities (recorded in Deferred income taxes and other liabilities)3 336  —  —  —  —  — 
Adjusted total debt 18,373  19,880  21,951  19,120  11,801  13,047 
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4 (1,530) (1,834) (2,310) (776) (792) (1,428)
Add: Allowance for doubtful accounts 80  75  75  54  61  53 
Add: Restructuring liability 36  57  60  55  69  62 
Adjusted shareholders’ equity 25,411  23,047  23,439  13,833  8,555  8,707 
After Adjustment
Adjusted total capital 43,784  42,927  45,390  32,953  20,356  21,754 

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current operating lease liabilities (recorded in Accrued expenses). See details »

3 Non-current operating lease liabilities (recorded in Deferred income taxes and other liabilities). See details »

4 Net deferred tax assets (liabilities). See details »


Adjustments to Reported Income

Becton, Dickinson & Co., adjusted net income

US$ in millions

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12 months ended: Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
As Reported
Net income 874  1,233  311  1,100  976  695 
Adjustments
Add: Deferred income tax expense (benefit)1 (286) (633) (262) (74) (519) (274)
Add: Increase (decrease) in allowance for doubtful accounts —  21  (7) 23 
Add: Increase (decrease) in restructuring liability (21) (3) (14) 62 
Add: Other comprehensive income (loss), net of tax (265) (374) (186) 206  (190) (737)
After Adjustment
Adjusted net income 307  223  (111) 1,211  282  (231)

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 Deferred income tax expense (benefit). See details »