Stock Analysis on Net
Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Danaher Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Notes payable and current portion of long-term debt 0.65 2.01 0.70 0.01 0.01
Trade accounts payable 2.26 2.09 2.72 3.09 2.69
Compensation and benefits 1.42 1.33 1.63 1.65 1.83
Pension and postretirement benefits 0.07 0.07 0.07 0.09 0.09
Taxes, income and other 0.73 0.69 0.82 0.85 0.72
Contract liabilities 1.68 1.73 1.95 1.94 1.59
Sales and product allowances 0.24 0.18 0.23 0.27 0.26
Current operating lease liabilities 0.22 0.21 0.24 0.25 0.25
Cross-currency swap derivative liabilities 0.00 0.00 0.00 0.00 0.82
Contract settlement financing payable 0.10 0.09 0.09 0.09 0.00
Other 1.40 1.39 1.49 1.56 1.45
Accrued expenses and other liabilities 5.85% 5.70% 6.52% 6.69% 7.01%
Current liabilities 8.77% 9.79% 9.95% 9.79% 9.72%
Compensation and benefits 0.37 0.30 0.30 0.32 0.23
Pension and postretirement benefits 0.72 0.64 0.60 1.05 1.97
Taxes, income and other 4.05 4.06 4.99 5.71 6.50
Contract liabilities 0.30 0.29 0.28 0.26 0.27
Sales and product allowances 0.01 0.01 0.01 0.00 0.00
Long-term operating lease liabilities 1.25 1.13 1.02 1.07 1.03
Contract settlement financing payable 0.37 0.42 0.50 0.58 0.00
Other 0.28 0.27 0.34 0.26 0.22
Other long-term liabilities 7.34% 7.12% 8.04% 9.26% 10.23%
Long-term debt, excluding current portion 19.99 19.77 22.63 26.65 27.83
Long-term liabilities 27.33% 26.90% 30.67% 35.90% 38.05%
Total liabilities 36.10% 36.69% 40.62% 45.69% 47.77%
Preferred stock, no par value 0.00 0.00 1.98 3.93 4.29
Common stock, $0.01 par value 0.01 0.01 0.01 0.01 0.01
Additional paid-in capital 21.57 19.14 14.31 12.13 12.73
Treasury stock -10.53 -2.39 0.00 0.00 0.00
Retained earnings 56.99 48.62 46.48 39.46 35.66
Accumulated other comprehensive loss -4.15 -2.07 -3.40 -1.23 -0.48
Total Danaher stockholders’ equity 63.89% 63.31% 59.37% 54.30% 52.21%
Noncontrolling interests 0.01 0.00 0.01 0.01 0.01
Total stockholders’ equity 63.90% 63.31% 59.38% 54.31% 52.23%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-12-31), 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).

Notes payable and current portion of long-term debt
The percentage remained very low and stable at 0.01% from 2020 to 2021, then increased sharply to 0.7% in 2022 and peaked at 2.01% in 2023, before decreasing to 0.65% in 2024. This suggests fluctuations in short-term borrowing components relative to the total liabilities and equity.
Trade accounts payable
This item saw a slight increase from 2.69% in 2020 to 3.09% in 2021, followed by a decline to 2.72% in 2022 and further reduction to 2.09% in 2023. There was a minor rise in 2024 to 2.26%, indicating some volatility but generally declining trade payables in relation to total liabilities and equity after 2021.
Compensation and benefits (current liabilities)
This category gradually declined from 1.83% in 2020 to 1.33% in 2023, then showed a slight recovery to 1.42% in 2024, reflecting a general downward trend in this liability component over the period.
Pension and postretirement benefits (current liabilities)
The percentage remained constant at 0.09% from 2020 to 2021, and slightly decreased to 0.07% from 2022 through 2024, indicating stable, low levels of these liabilities.
Income taxes and other current liabilities
This liability peaked at 0.85% in 2021, decreased to 0.69% in 2023, then slightly increased to 0.73% in 2024, showing marginal fluctuations without a clear trend.
Contract liabilities (current)
The values rose from 1.59% in 2020 to 1.95% in 2022, then declined gradually to 1.68% in 2024, indicating an initial build-up followed by a gradual reduction.
Sales and product allowances (current)
This element showed a slight downward trend from 0.26% in 2020 to 0.18% in 2023, with a minor upturn to 0.24% in 2024.
Current operating lease liabilities
This category was relatively stable, around 0.25% in early years, decreasing marginally to 0.21% in 2023 and increasing slightly to 0.22% in 2024.
Accrued expenses and other liabilities (current)
A gradual decline was observed from 7.01% in 2020 to 5.7% in 2023, with a minor increase to 5.85% in 2024, pointing to reduced short-term obligations or better expense management.
Current liabilities total
The overall current liabilities remained fairly stable, fluctuating slightly between 9.72% in 2020 and 9.95% in 2022, before declining to 8.77% in 2024, indicating a slight reduction in short-term obligations relative to overall capitalization.
Compensation and benefits (long-term liabilities)
This liability grew modestly from 0.23% in 2020 to 0.37% in 2024, denoting a gradual increase in longer-term employee-related obligations.
Pension and postretirement benefits (long-term)
There was a notable decrease from 1.97% in 2020 to 0.6% in 2022, followed by a slow increase to 0.72% in 2024, suggesting some volatility but overall a reduction over the period from the early level.
Income taxes and other long-term liabilities
A clear downward trend from 6.5% in 2020 to 4.05% in 2024, indicating a reduction in deferred tax and other longer-term tax-related liabilities.
Contract liabilities (long-term)
The figures remained essentially stable, around 0.27–0.3% over the five-year period.
Sales and product allowances (long-term)
Marginally increased from zero in initial years to 0.01% in recent years, signifying a minimal impact in this area.
Long-term operating lease liabilities
There was a gradual increase from 1.03% in 2020 to 1.25% in 2024, reflecting rising obligations from lease commitments over the long term.
Contract settlement financing payable (long-term)
This liability declined steadily from 0.58% in 2021 to 0.37% in 2024, indicating payment or settlement of financing liabilities over the period.
Other long-term liabilities
A significant decline occurred from 10.23% in 2020 to 7.34% in 2024, showing a steady reduction in miscellaneous long-term obligations.
Long-term debt excluding current portion
This liability decreased markedly from 27.83% in 2020 to 19.99% in 2024, reflecting substantial repayment or refinancing activities reducing long-term debt burden.
Total long-term liabilities
The total long-term liabilities followed a clear downward trend from 38.05% in 2020 to 27.33% in 2024, consistent with the reduction of specific components noted above.
Total liabilities
A progressive decrease was observed, from 47.77% in 2020 to 36.10% in 2024, demonstrating an overall reduction in the company's total liabilities relative to the aggregate of liabilities and equity.
Preferred stock
Preferred stock percentage declined from 4.29% in 2020 to 1.98% in 2022, with no data in subsequent years, implying possible retirement or reclassification of preferred shares.
Common stock
Remained constant at 0.01% throughout all periods, showing no material change in nominal common stock value relative to total capitalization.
Additional paid-in capital
An upward trend was evident, increasing from 12.73% in 2020 to 21.57% in 2024, suggesting new equity injections or retained earnings allocations boosting paid-in capital.
Treasury stock
Reported only from 2023 onwards, showing a significant increase in negative value from -2.39% to -10.53%, indicating substantial share repurchases or treasury stock accumulation in recent years.
Retained earnings
Displayed consistent growth from 35.66% in 2020 to 56.99% in 2024, signifying strong profit retention and reinvestment in the business.
Accumulated other comprehensive loss
The loss deepened from -0.48% in 2020 to -4.15% in 2024, with some fluctuations, indicating increasing unfavorable adjustments primarily related to foreign currency translation or pension obligations.
Total stockholders’ equity
There was a steady increase from 52.23% in 2020 to 63.9% in 2024, underscoring a strengthening equity base as a proportion of total capitalization.
Total liabilities and stockholders’ equity
Maintained at 100% for all years, confirming the consistent basis for percentage calculations.