Becton Dickinson Files Q2 2024 10-Q
Ticker: BDX · Form: 10-Q · Filed: May 2, 2024 · CIK: 10795
| Field | Detail |
|---|---|
| Company | Becton Dickinson & CO (BDX) |
| Form Type | 10-Q |
| Filed Date | May 2, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1.00 B, $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, healthcare
TL;DR
BDX Q2 24 10-Q filed. Financials look steady.
AI Summary
Becton Dickinson & Co. (BDX) filed its 10-Q for the period ending March 31, 2024. The company reported financial results for the second quarter of fiscal year 2024. Key financial data and operational details are presented in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Becton Dickinson, a major player in the medical technology industry.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024-03-31 — Reporting Period End (Quarterly financial data pertains to this date.)
- 2024-05-02 — Filing Date (Date the 10-Q was officially submitted to the SEC.)
- 0930 — Fiscal Year End (Indicates the end of Becton Dickinson's fiscal year.)
Key Players & Entities
- BECTON DICKINSON & CO (company) — Filer
- 20240331 (date) — Reporting Period End Date
- 20240502 (date) — Filing Date
- 0000010795 (company) — Central Index Key
- NJ (location) — State of Incorporation
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is March 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on May 2, 2024.
What is Becton Dickinson & Co.'s Central Index Key (CIK)?
Becton Dickinson & Co.'s Central Index Key is 0000010795.
In which state was Becton Dickinson & Co. incorporated?
Becton Dickinson & Co. was incorporated in New Jersey (NJ).
What is Becton Dickinson & Co.'s fiscal year end?
Becton Dickinson & Co.'s fiscal year ends on September 30 (0930).
Filing Stats: 4,858 words · 19 min read · ~16 pages · Grade level 15.9 · Accepted 2024-05-02 16:16:56
Key Financial Figures
- $1.00 B — ich Registered Common stock, par value $1.00 BDX New York Stock Exchange 1.900% Notes
- $1.00 — ere 289,006,461 shares of Common Stock, $1.00 par value, outstanding at March 31, 202
Filing Documents
- bdx-20240331.htm (10-Q) — 1339KB
- ex2203312024.htm (EX-22) — 3KB
- ex3103312024.htm (EX-31) — 19KB
- ex3203312024.htm (EX-32) — 8KB
- 0000010795-24-000039.txt ( ) — 6824KB
- bdx-20240331.xsd (EX-101.SCH) — 37KB
- bdx-20240331_cal.xml (EX-101.CAL) — 57KB
- bdx-20240331_def.xml (EX-101.DEF) — 169KB
- bdx-20240331_lab.xml (EX-101.LAB) — 496KB
- bdx-20240331_pre.xml (EX-101.PRE) — 324KB
- bdx-20240331_htm.xml (XML) — 1327KB
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) Condensed Consolidated Statements of Income 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 21
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 36
Controls and Procedures
Item 4. Controls and Procedures 36
OTHER INFORMATION
Part II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 37
Risk Factors
Item 1A. Risk Factors 38
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 39
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 39
Other Information
Item 5. Other Information 39
Exhibits
Item 6. Exhibits 39
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS BECTON, DICKINSON AND COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME Millions of dollars, except per share data (Unaudited) Three Months Ended March 31, Six Months Ended March 31, 2024 2023 2024 2023 Revenues $ 5,045 $ 4,821 $ 9,751 $ 9,407 Cost of products sold 2,741 2,586 5,420 5,038 Selling and administrative expense 1,193 1,205 2,406 2,392 Research and development expense 299 337 589 651 Integration and restructuring expense 101 62 176 106 Other operating (income) expense, net ( 23 ) 4 ( 12 ) 7 Total Operating Costs and Expenses 4,311 4,193 8,578 8,193 Operating Income 734 628 1,173 1,213 Interest expense ( 125 ) ( 118 ) ( 236 ) ( 220 ) Interest income 26 10 60 16 Other (expense) income, net ( 2 ) 8 ( 6 ) 1 Income Before Income Taxes 633 529 991 1,009 Income tax provision 96 68 173 40 Net Income 537 460 818 969 Preferred stock dividends — ( 23 ) — ( 45 ) Net income applicable to common shareholders $ 537 $ 438 $ 818 $ 924 Basic Earnings per Share $ 1.85 $ 1.54 $ 2.82 $ 3.25 Diluted Earnings per Share $ 1.85 $ 1.53 $ 2.81 $ 3.24 Dividends per Common Share $ 0.95 $ 0.91 $ 1.90 $ 1.82 Amounts may not add due to rounding. See notes to condensed consolidated financial statements 3 BECTON, DICKINSON AND COMPANY CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Millions of dollars (Unaudited) Three Months Ended March 31, Six Months Ended March 31, 2024 2023 2024 2023 Net Income $ 537 $ 460 $ 818 $ 969 Other Comprehensive (Loss) Income, Net of Tax Foreign currency translation adjustments ( 41 ) ( 21 ) ( 1 ) ( 101 ) Defined benefit pension and postretirement plans 12 11 23 22 Cash flow hedges 8 ( 6 ) ( 10 ) ( 9 ) Unrealized loss on available-for-sale debt securities ( 1 ) — ( 1 ) — Other Comprehensive (Loss) Income, Net of Tax ( 21 ) ( 16 ) 12 ( 87 ) Comprehensive Income $ 516 $ 445 $ 831 $ 882 Amounts may not add due to rounding. See notes to condensed consolidated financial