Stock Analysis on Net
Stock Analysis on Net
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Danaher Corp. (NYSE:DHR)

Income Statement

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Danaher Corp., consolidated income statement

US$ in millions

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Sales 22,284  17,911  19,893  18,330  16,882 
Cost of sales (9,809) (7,927) (8,786) (8,137) (7,548)
Gross profit 12,475  9,984  11,107  10,193  9,335 
Selling, general and administrative expenses (6,896) (5,588) (6,472) (6,043) (5,609)
Research and development expenses (1,348) (1,126) (1,231) (1,129) (975)
Operating costs (8,244) (6,714) (7,703) (7,171) (6,584)
Operating profit 4,231  3,269  3,404  3,021  2,751 
Other income, net 39  12  37  73  223 
Gain on sale of product lines 455  —  —  —  — 
Loss on early extinguishment of borrowings (26) (7) —  —  (179)
Interest expense (275) (109) (157) (163) (184)
Interest income 71  139  9  8  — 
Nonoperating income (expense) 264  36  (111) (82) (140)
Earnings from continuing operations before income taxes 4,495  3,305  3,293  2,939  2,611 
Income taxes (849) (873) (642) (469) (458)
Net earnings from continuing operations 3,646  2,432  2,651  2,470  2,153 
Earnings from discontinued operations, net of income taxes —  576  —  22  400 
Net earnings 3,646  3,008  2,651  2,492  2,554 
Mandatory convertible preferred stock dividends (136) (68) —  —  — 
Net earnings attributable to common stockholders 3,510  2,940  2,651  2,492  2,554 

Based on: 10-K (filing date: 2021-02-25), 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22).

Income statement item Description The company
Sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Danaher Corp.’s sales decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Danaher Corp.’s operating profit decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 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 increased from 2018 to 2019 and from 2019 to 2020.
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 increased from 2018 to 2019 and from 2019 to 2020.