Stock Analysis on Net
Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

Common-Size Income Statement
Quarterly Data

Beginner level

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

Microsoft Excel LibreOffice Calc
3 months ended: Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Dec 31, 2019 Sep 27, 2019 Jun 28, 2019 Mar 29, 2019 Dec 31, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 31, 2017 Sep 29, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jul 1, 2016 Apr 1, 2016 Dec 31, 2015 Oct 2, 2015 Jul 3, 2015 Apr 3, 2015
Sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -45.17 -46.15 -43.75 -44.47 -44.23 -44.12 -44.20 -44.89 -44.56 -43.44 -43.70 -44.17 -43.98 -44.96 -44.50 -45.47 -44.68 -43.86 -44.77 -48.80 -47.51 -46.70 -47.43
Gross profit 54.83% 53.85% 56.25% 55.53% 55.77% 55.88% 55.80% 55.11% 55.44% 56.56% 56.30% 55.83% 56.02% 55.04% 55.50% 54.53% 55.32% 56.14% 55.23% 51.20% 52.49% 53.30% 52.57%
Selling, general and administrative expenses -30.52 -31.82 -33.58 -29.74 -31.58 -31.27 -32.41 -31.21 -32.12 -32.88 -34.12 -31.34 -32.91 -33.60 -34.31 -32.79 -32.57 -33.74 -33.84 -29.01 -30.42 -28.33 -30.11
Research and development expenses -5.82 -6.09 -6.61 -6.03 -6.46 -6.35 -6.34 -5.96 -6.21 -6.26 -6.36 -5.88 -6.17 -6.28 -6.36 -5.85 -5.83 -5.66 -5.76 -5.56 -6.13 -6.14 -6.38
Operating costs -36.34% -37.91% -40.19% -35.78% -38.03% -37.62% -38.75% -37.16% -38.32% -39.14% -40.48% -37.22% -39.07% -39.88% -40.67% -38.64% -38.40% -39.40% -39.61% -34.57% -36.55% -34.47% -36.49%
Operating profit 18.49% 15.94% 16.06% 19.75% 17.73% 18.26% 17.05% 17.95% 17.12% 17.42% 15.82% 18.60% 16.95% 15.16% 14.83% 15.89% 16.92% 16.74% 15.62% 16.63% 15.94% 18.84% 16.08%
Other income (expense), net 0.11 -0.01 -0.03 -0.05 0.10 0.11 0.12 0.22 0.19 0.17 0.17 1.43 0.00 0.00 0.00 0.00 0.00 0.00 5.69 0.00 0.25 0.00 0.00
Gain on sale of product lines 0.00 8.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loss on early extinguishment of borrowings 0.00 0.00 0.00 -0.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.33 0.00 0.00 0.00 0.00 0.00 0.00
Interest expense -1.30 -1.48 -1.09 -0.91 -0.55 -0.44 -0.49 -0.63 -0.85 -0.87 -0.83 -0.82 -0.88 -0.90 -0.96 -0.70 -1.06 -1.31 -1.35 -1.01 -0.90 -0.58 -0.62
Interest income 0.07 0.02 1.44 1.38 0.69 0.59 0.37 0.05 0.06 0.05 0.03 0.04 0.05 0.04 0.04 0.00 0.00 0.00 0.00 0.00 0.01 0.05 0.05
Nonoperating income (expense) -1.12% 7.10% 0.31% 0.28% 0.24% 0.26% 0.01% -0.36% -0.61% -0.65% -0.64% 0.65% -0.83% -0.86% -0.92% -0.70% -5.38% -1.31% 4.34% -1.00% -0.64% -0.54% -0.58%
Earnings from continuing operations before income taxes 17.36% 23.05% 16.37% 20.04% 17.97% 18.52% 17.06% 17.59% 16.51% 16.77% 15.19% 19.25% 16.12% 14.30% 13.91% 15.19% 11.54% 15.43% 19.97% 15.63% 15.30% 18.30% 15.51%
Income taxes -2.35 -5.54 -2.67 -3.75 -3.56 -3.30 -9.19 -3.66 -2.84 -3.24 -3.12 -2.41 -3.48 -1.94 -2.41 1.10 -1.79 -5.58 -5.04 -3.14 -3.55 -3.87 -3.62
Net earnings from continuing operations 15.02% 17.50% 13.70% 16.29% 14.41% 15.22% 7.87% 13.92% 13.68% 13.53% 12.07% 16.84% 12.63% 12.36% 11.50% 16.29% 9.74% 9.85% 14.93% 12.49% 11.75% 14.42% 11.89%
Earnings (loss) from discontinued operations, net of income taxes 0.00 0.00 0.00 9.90 0.85 1.24 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.53 0.00 -0.27 5.63 4.40 -0.79 16.19 -0.40 0.25
Net earnings 15.02% 17.50% 13.70% 26.19% 15.26% 16.45% 7.91% 13.92% 13.68% 13.53% 12.07% 16.84% 12.63% 12.36% 12.03% 16.29% 9.48% 15.48% 19.33% 11.70% 27.94% 14.03% 12.14%
Mandatory convertible preferred stock dividends -0.70 -0.65 -0.45 -0.40 -0.45 -0.51 -0.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net earnings attributable to common stockholders 14.32% 16.85% 13.25% 25.79% 14.81% 15.94% 7.76% 13.92% 13.68% 13.53% 12.07% 16.84% 12.63% 12.36% 12.03% 16.29% 9.48% 15.48% 19.33% 11.70% 27.94% 14.03% 12.14%

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-10-24), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-19), 10-K (filing date: 2018-02-21), 10-Q (filing date: 2017-10-19), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-23).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Danaher Corp.’s operating profit as a percentage of sales decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 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.’s earnings from continuing operations before income taxes as a percentage of sales increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Danaher Corp.’s net earnings as a percentage of sales increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.