Danaher Corp. (DHR)

Balance Sheet: Liabilities and Stockholders’ Equity

Difficulty: Beginner

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

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Notes payable and current portion of long-term debt	51,800	194,700	2,594,800	845,200	71,900
Trade accounts payable	1,712,800	1,509,900	1,485,000	2,049,000	1,875,000
Compensation and benefits	1,026,800	961,000	914,100	968,700	911,400
Pension and postretirement benefits	75,200	95,800	91,700	112,900	100,100
Taxes, income and other	292,400	386,400	293,900	422,300	566,900
Deferred revenue	685,200	666,000	539,800	633,700	766,500
Sales and product allowances	167,800	155,700	144,100	190,300	188,700
Other	829,500	822,800	810,600	948,300	915,900
Accrued expenses and other liabilities	3,076,900	3,087,700	2,794,200	3,276,200	3,449,500
Current liabilities	4,841,500	4,792,300	6,874,000	6,170,400	5,396,400
Compensation and benefits	236,900	236,200	247,100	331,900	328,300
Pension and postretirement benefits	961,900	1,052,000	1,222,900	1,345,400	1,330,600
Taxes, income and other	3,577,700	3,543,600	3,894,100	4,191,500	2,647,900
Deferred revenue	113,800	104,900	92,700	160,400	186,800
Sales and product allowances	2,000	2,000	2,000	2,200	2,400
Other	183,500	222,400	211,500	231,200	248,000
Other long-term liabilities	5,075,800	5,161,100	5,670,300	6,262,600	4,744,000
Long-term debt, excluding current portion	9,688,500	10,327,400	9,674,200	12,025,200	3,401,500
Noncurrent liabilities	14,764,300	15,488,500	15,344,500	18,287,800	8,145,500
Total liabilities	19,605,800	20,280,800	22,218,500	24,458,200	13,541,900
Common stock, $0.01 par value	8,200	8,100	8,100	8,000	7,900
Additional paid-in capital	5,834,300	5,538,200	5,312,900	4,981,200	4,480,900
Retained earnings	25,163,000	22,806,100	20,703,500	21,012,300	20,323,000
Accumulated other comprehensive loss	(2,791,100)	(1,994,200)	(3,021,700)	(2,311,200)	(1,433,700)
Total Danaher stockholders’ equity	28,214,400	26,358,200	23,002,800	23,690,300	23,378,100
Noncontrolling interests	12,300	9,600	74,000	73,700	71,700
Total stockholders’ equity	28,226,700	26,367,800	23,076,800	23,764,000	23,449,800
Total liabilities and stockholders’ equity	47,832,500	46,648,600	45,295,300	48,222,200	36,991,700

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Danaher Corp.’s current liabilities declined from 2016 to 2017 but then slightly increased from 2017 to 2018.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Danaher Corp.’s noncurrent liabilities increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Danaher Corp.’s total liabilities declined from 2016 to 2017 and from 2017 to 2018.
Total Danaher stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Danaher Corp.’s total Danaher stockholders’ equity increased from 2016 to 2017 and from 2017 to 2018.