Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Danaher Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Dec 31, 2025 Sep 26, 2025 Jun 27, 2025 Mar 28, 2025 Dec 31, 2024 Sep 27, 2024 Jun 28, 2024 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
Cash and equivalents
Trade accounts receivable, less allowance for doubtful accounts
Finished goods
Work in process
Raw materials
Inventories
Prepaid expenses and other current assets
Current assets
Property, plant and equipment, net of accumulated depreciation
Other long-term assets
Goodwill
Other intangible assets, net
Long-term assets
Total assets

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-26), 10-Q (reporting date: 2025-06-27), 10-Q (reporting date: 2025-03-28), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-27), 10-Q (reporting date: 2024-06-28), 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).


An examination of the asset composition reveals several noteworthy trends over the observed period. Current assets experienced considerable fluctuation, peaking in the September 2023 quarter before declining. Long-term assets, while also exhibiting variability, generally remained at a higher level than current assets throughout the period. A significant portion of the company’s assets is consistently allocated to goodwill and other intangible assets.

Cash and Equivalents
Cash and equivalents demonstrated substantial volatility. A peak was observed in June 2023, followed by a significant decrease in the subsequent quarter. Throughout 2024 and into the first half of 2025, cash levels remained comparatively lower, with a slight increase observed in the later quarters. This suggests active cash management or significant capital deployment activities.
Accounts Receivable
Trade accounts receivable remained relatively stable between approximately US$3.3 billion and US$4.9 billion throughout the period. A slight downward trend is observable in the later quarters of the observed period, potentially indicating improved collection efficiency or a decrease in sales on credit.
Inventory
Total inventories showed a general decline from a peak in the October 2021 to December 2021 timeframe. While fluctuations occurred, inventories generally trended downward, particularly in the latter half of the period. This could be attributed to improved inventory management practices or decreased production levels. Finished goods, work in process, and raw materials all contributed to this overall trend.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets exhibited moderate fluctuations, generally increasing through 2022 and then stabilizing in 2023 and 2024. A slight increase is observed in the later quarters of 2025.
Long-Term Assets – Property, Plant & Equipment
Net property, plant, and equipment showed a consistent, albeit gradual, increase throughout the period, indicating ongoing investment in fixed assets. The increases were relatively modest, suggesting a measured approach to capital expenditure.
Long-Term Assets – Goodwill & Intangibles
Goodwill and other intangible assets represent a substantial portion of the company’s long-term assets. Goodwill remained relatively stable, with some fluctuations, while other intangible assets also showed moderate variability. These assets collectively constitute a significant component of the company’s overall asset base.
Total Assets
Total assets experienced a peak in the September 2023 quarter, followed by a decline through the end of 2024. A slight recovery is observed in the first half of 2025. The fluctuations in total assets largely mirror the trends observed in current assets and long-term assets, particularly the impact of cash and equivalents.

Overall, the asset composition demonstrates a dynamic pattern, with significant fluctuations in current assets, particularly cash and equivalents, and a relatively stable base of long-term assets dominated by goodwill and intangible assets. The observed trends suggest active asset management and potential strategic shifts in capital allocation.


Assets: Selected Items


Current Assets: Selected Items