Stock Analysis on Net
Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

Common-Size Income Statement
Quarterly Data

Danaher Corp., common-size consolidated income statement (quarterly data)

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3 months ended: Mar 29, 2024 Dec 31, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Dec 31, 2020 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Dec 31, 2019 Sep 27, 2019 Jun 28, 2019 Mar 29, 2019
Sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -39.84 -40.40 -41.80 -43.54 -38.44 -40.98 -40.18 -39.09 -38.80 -39.33 -39.70 -39.08 -37.98 -41.51 -45.17 -46.15 -43.75 -44.47 -44.23 -44.12 -44.20
Gross profit 60.16% 59.60% 58.20% 56.46% 61.56% 59.02% 59.82% 60.91% 61.20% 60.67% 60.30% 60.92% 62.02% 58.49% 54.83% 53.85% 56.25% 55.53% 55.77% 55.88% 55.80%
Selling, general and administrative expenses -31.18 -31.14 -31.21 -30.66 -29.79 -26.17 -28.04 -26.90 -27.21 -28.15 -28.52 -27.24 -27.35 -28.95 -30.52 -31.82 -33.58 -29.74 -31.58 -31.27 -32.41
Research and development expenses -6.35 -7.54 -6.07 -5.84 -6.27 -5.41 -5.48 -5.56 -5.74 -6.08 -6.10 -5.90 -5.54 -5.85 -5.82 -6.09 -6.61 -6.03 -6.46 -6.35 -6.34
Other operating expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -7.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating costs -37.53% -38.69% -37.28% -36.50% -36.06% -31.58% -33.52% -32.46% -32.95% -34.23% -42.19% -33.14% -32.90% -34.80% -36.34% -37.91% -40.19% -35.78% -38.03% -37.62% -38.75%
Operating profit 22.64% 20.92% 20.92% 19.97% 25.50% 27.43% 26.30% 28.45% 28.25% 26.44% 18.11% 27.78% 29.12% 23.69% 18.49% 15.94% 16.06% 19.75% 17.73% 18.26% 17.05%
Other income (expense), net -0.62 -3.14 -0.68 -0.41 0.40 -0.81 -0.67 -1.12 -0.26 1.01 1.90 1.34 2.04 0.52 0.11 8.57 -0.03 -0.05 0.10 0.11 0.12
Loss on early extinguishment of borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.18 0.00 0.00 0.00 -0.38 0.00 0.00 0.00 -0.13 0.00 0.00 0.00
Interest expense -1.12 -2.05 -1.06 -0.94 -1.11 -0.76 -0.55 -0.66 -0.70 -0.69 -0.86 -0.86 -0.85 -1.07 -1.30 -1.48 -1.09 -0.91 -0.55 -0.44 -0.49
Interest income 1.04 2.99 1.15 0.82 0.81 0.35 0.12 0.03 0.01 0.01 0.04 0.04 0.06 0.05 0.07 0.02 1.44 1.38 0.69 0.59 0.37
Nonoperating income (expense) -0.71% -2.20% -0.60% -0.52% 0.10% -1.23% -1.10% -1.75% -0.95% -0.85% 1.08% 0.53% 1.25% -0.88% -1.12% 7.10% 0.31% 0.28% 0.24% 0.26% 0.01%
Earnings from continuing operations before income taxes 21.93% 18.72% 20.33% 19.45% 25.60% 26.20% 25.20% 26.69% 27.30% 25.59% 19.19% 28.30% 30.37% 22.80% 17.36% 23.05% 16.37% 20.04% 17.97% 18.52% 17.06%
Income taxes -3.16 0.36 -3.90 -4.00 -4.76 0.47 -4.68 -5.02 -4.86 -3.65 -3.17 -4.77 -5.56 -4.46 -2.35 -5.54 -2.67 -3.75 -3.56 -3.30 -9.19
Net earnings from continuing operations 18.77% 19.07% 16.43% 15.45% 20.84% 26.67% 20.51% 21.67% 22.44% 21.94% 16.02% 23.54% 24.82% 18.34% 15.02% 17.50% 13.70% 16.29% 14.41% 15.22% 7.87%
Earnings from discontinued operations, net of income taxes 0.00 8.51 0.00 0.00 3.53 0.00 0.00 0.00 0.00 0.00 0.00 1.19 0.00 0.00 0.00 0.00 0.00 9.90 0.85 1.24 0.04
Net earnings 18.77% 27.59% 16.43% 15.45% 24.37% 26.67% 20.51% 21.67% 22.44% 21.94% 16.02% 24.73% 24.82% 18.34% 15.02% 17.50% 13.70% 26.19% 15.26% 16.45% 7.91%
Mandatory convertible preferred stock dividends 0.00 0.00 0.00 0.00 -0.35 -0.26 -0.27 -0.28 -0.53 -0.50 -0.57 -0.57 -0.60 -0.60 -0.70 -0.65 -0.45 -0.40 -0.45 -0.51 -0.15
Net earnings attributable to common stockholders 18.77% 27.59% 16.43% 15.45% 24.02% 26.41% 20.24% 21.39% 21.90% 21.44% 15.45% 24.16% 24.22% 17.74% 14.32% 16.85% 13.25% 25.79% 14.81% 15.94% 7.76%

Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).

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 decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
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 decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
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 Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.