.Adjustments to Financial Statements
Difficulty: Advanced
Adjustments to Current Assets
Danaher Corp., adjusted current assets
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Current assets | |||||
| Adjustments | ||||||
| | Add: Allowance for doubtful accounts | |||||
| | Add: LIFO reserve1 | |||||
| After Adjustment | ||||||
| | Adjusted current assets | |||||
Source: Based on data from Danaher Corp. Annual Reports
1 LIFO reserve. See Details »
Adjustments to Total Assets
Danaher Corp., adjusted total assets
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total assets | |||||
| Adjustments | ||||||
| | Add: Operating leased assets1 | |||||
| | Add: Allowance for doubtful accounts | |||||
| | Add: LIFO reserve2 | |||||
| | Less: Noncurrent deferred tax assets, net3 | |||||
| After Adjustment | ||||||
| | Adjusted total assets | |||||
Source: Based on data from Danaher Corp. Annual Reports
1 Operating leased assets. See Details »
2 LIFO reserve. See Details »
3 Noncurrent deferred tax assets, net. See Details »
Adjustments to Current Liabilities
Danaher Corp., adjusted current liabilities
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Current liabilities | |||||
| Adjustments | ||||||
| | Less: Current deferred revenue | |||||
| After Adjustment | ||||||
| | Adjusted current liabilities | |||||
Source: Based on data from Danaher Corp. Annual Reports
Adjustments to Total Liabilities
Danaher Corp., adjusted total liabilities
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total liabilities | |||||
| Adjustments | ||||||
| | Add: Operating lease obligations1 | |||||
| | Less: Noncurrent deferred tax liabilities2 | |||||
| | Less: Deferred revenue | |||||
| | Less: Accrued warranty liability | |||||
| | Less: Accrual balance of restructuring cost | |||||
| After Adjustment | ||||||
| | Adjusted total liabilities | |||||
Source: Based on data from Danaher Corp. Annual Reports
1 Operating lease obligations. See Details »
2 Noncurrent deferred tax liabilities. See Details »
Adjustments to Stockholders' Equity
Danaher Corp., adjusted total stockholders' equity
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total Danaher stockholders' equity | |||||
| Adjustments | ||||||
| | Less: Net deferred tax asset (liability)1 | |||||
| | Add: Allowance for doubtful accounts | |||||
| | Add: LIFO reserve2 | |||||
| | Add: Deferred revenue | |||||
| | Add: Accrued warranty liability | |||||
| | Add: Accrual balance of restructuring cost | |||||
| | Add: Noncontrolling interests | |||||
| After Adjustment | ||||||
| | Adjusted total stockholders' equity | |||||
Source: Based on data from Danaher Corp. Annual Reports
1 Net deferred tax asset (liability). See Details »
2 LIFO reserve. See Details »
Adjustments to Capitalization Table
Danaher Corp., adjusted capitalization table
USD $ in thousands
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Notes payable and current portion of long-term debt | |||||
| | Long-term debt, excluding current portion | |||||
| | Total reported debt | |||||
| | Total Danaher stockholders' equity | |||||
| | Total reported capital | |||||
| Adjustments to Debt | ||||||
| | Add: Operating lease obligations1 | |||||
| | Adjusted total debt | |||||
| Adjustments to Equity | ||||||
| | Less: Net deferred tax asset (liability)2 | |||||
| | Add: Allowance for doubtful accounts | |||||
| | Add: LIFO reserve3 | |||||
| | Add: Deferred revenue | |||||
| | Add: Accrued warranty liability | |||||
| | Add: Accrual balance of restructuring cost | |||||
| | Add: Noncontrolling interests | |||||
| | Adjusted total stockholders' equity | |||||
| After Adjustment | ||||||
| | Adjusted total capital | |||||
Source: Based on data from Danaher Corp. Annual Reports
1 Operating lease obligations. See Details »
2 Net deferred tax asset (liability). See Details »
3 LIFO reserve. See Details »
Adjustments to Revenues
Danaher Corp., adjusted sales
USD $ in thousands
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Sales | |||||
| Adjustments | ||||||
| | Add: Increase (decrease) in deferred revenue | |||||
| After Adjustment | ||||||
| | Adjusted sales | |||||
Source: Based on data from Danaher Corp. Annual Reports
Adjustments to Reported Income
Danaher Corp., adjusted comprehensive income
USD $ in thousands
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Net earnings | |||||
| Adjustments | ||||||
| | Add: Deferred income tax expense (benefit)1 | |||||
| | Add: Increase (decrease) in allowance for doubtful accounts | |||||
| | Add: Increase (decrease) in LIFO reserve2 | |||||
| | Add: Increase (decrease) in deferred revenue | |||||
| | Add: Increase (decrease) in accrued warranty liability | |||||
| | Add: Increase (decrease) in accrual balance of restructuring cost | |||||
| | Less: Earnings from discontinued operations, net of income taxes | |||||
| | Add: Other comprehensive income (loss), net of income taxes | |||||
| After Adjustment | ||||||
| | Adjusted comprehensive income | |||||
Source: Based on data from Danaher Corp. Annual Reports
1 Deferred income tax expense (benefit). See Details »
2 Increase (decrease) in LIFO reserve. See Details »
