Stock Analysis on Net
Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

Common-Size Income Statement

Danaher Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Sales 100.00 100.00 100.00 100.00 100.00
Cost of sales -41.26 -39.79 -39.05 -44.02 -44.26
Gross profit 58.74% 60.21% 60.95% 55.98% 55.74%
Selling, general and administrative expenses -30.68 -27.06 -27.83 -30.95 -31.20
Research and development expenses -6.29 -5.54 -5.91 -6.05 -6.29
Other operating expenses 0.00 0.00 -1.86 0.00 0.00
Operating costs -36.97% -32.60% -35.61% -37.00% -37.49%
Operating profit 21.77% 27.61% 25.35% 18.99% 18.25%
Other income (expense), net -0.73 -0.72 1.55 2.22 0.07
Loss on early extinguishment of borrowings 0.00 0.00 -0.33 -0.12 -0.04
Interest expense -1.20 -0.67 -0.81 -1.23 -0.61
Interest income 1.27 0.13 0.04 0.32 0.78
Nonoperating income (expense) -0.66% -1.26% 0.45% 1.18% 0.20%
Earnings from continuing operations before income taxes 21.11% 26.35% 25.80% 20.17% 18.45%
Income taxes -3.44 -3.44 -4.25 -3.81 -4.87
Net earnings from continuing operations 17.67% 22.91% 21.55% 16.36% 13.58%
Earnings from discontinued operations, net of income taxes 2.27 0.00 0.29 0.00 3.22
Net earnings 19.94% 22.91% 21.84% 16.36% 16.80%
Mandatory convertible preferred stock dividends -0.09 -0.34 -0.56 -0.61 -0.38
Net earnings attributable to common stockholders 19.85% 22.57% 21.28% 15.75% 16.41%

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).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Danaher Corp. operating profit as a percentage of sales 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 as a percentage of sales 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 as a percentage of sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.