Becton Dickinson Files Q3 2024 10-Q
Ticker: BDX · Form: 10-Q · Filed: Aug 1, 2024 · CIK: 10795
| Field | Detail |
|---|---|
| Company | Becton Dickinson & CO (BDX) |
| Form Type | 10-Q |
| Filed Date | Aug 1, 2024 |
| Risk Level | low |
| Pages | 17 |
| Reading Time | 20 min |
| Key Dollar Amounts | $1.00 B, $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
BDX filed its Q3 10-Q. Check financials.
AI Summary
Becton Dickinson & Co. (BDX) filed its 10-Q for the period ending June 30, 2024. The filing covers the third quarter of their fiscal year. Key financial details and operational updates are provided, though specific dollar amounts for revenue or profit are not detailed in this header information.
Why It Matters
This filing provides investors with an update on Becton Dickinson's financial performance and operational status for the third quarter of fiscal year 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags indicated in the header.
Key Numbers
- 20240630 — Period End Date (Fiscal quarter end date for the report.)
- 20240801 — Filing Date (Date the report was officially filed with the SEC.)
Key Players & Entities
- BECTON DICKINSON & CO (company) — Filer
- 0000010795 (company) — Central Index Key
- 20240630 (date) — Period of Report
- 20240801 (date) — Filed as of Date
- NJ (location) — State of Incorporation
- FRANKLIN LAKES (location) — Business Address City
FAQ
What were Becton Dickinson's total revenues for the third quarter of fiscal year 2024?
The provided header information does not contain specific revenue figures for the third quarter of fiscal year 2024.
What is Becton Dickinson's fiscal year end date?
Becton Dickinson's fiscal year ends on September 30 (0930).
In which state is Becton Dickinson incorporated?
Becton Dickinson is incorporated in New Jersey (NJ).
What is the Central Index Key (CIK) for Becton Dickinson?
The Central Index Key for Becton Dickinson & Co. is 0000010795.
What is the filing date for this 10-Q report?
This 10-Q report was filed on August 1, 2024 (20240801).
Filing Stats: 4,971 words · 20 min read · ~17 pages · Grade level 16.8 · Accepted 2024-08-01 16:33:44
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 289,042,418 shares of Common Stock, $1.00 par value, outstanding at June 30, 2024
Filing Documents
- bdx-20240630.htm (10-Q) — 1459KB
- ex2206302024.htm (EX-22) — 3KB
- ex3106302024.htm (EX-31) — 19KB
- ex3206302024.htm (EX-32) — 8KB
- 0000010795-24-000067.txt ( ) — 7519KB
- bdx-20240630.xsd (EX-101.SCH) — 39KB
- bdx-20240630_cal.xml (EX-101.CAL) — 57KB
- bdx-20240630_def.xml (EX-101.DEF) — 182KB
- bdx-20240630_lab.xml (EX-101.LAB) — 533KB
- bdx-20240630_pre.xml (EX-101.PRE) — 347KB
- bdx-20240630_htm.xml (XML) — 1507KB
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 23
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 39
Controls and Procedures
Item 4. Controls and Procedures 39
OTHER INFORMATION
Part II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 40
Risk Factors
Item 1A. Risk Factors 41
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 42
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 42
Other Information
Item 5. Other Information 42
Exhibits
Item 6. Exhibits 42
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 June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Revenues $ 4,990 $ 4,878 $ 14,741 $ 14,285 Cost of products sold 2,683 2,778 8,103 7,816 Selling and administrative expense 1,196 1,190 3,601 3,581 Research and development expense 299 306 888 956 Integration, restructuring and transaction expense 112 70 288 175 Other operating expense (income), net 98 ( 13 ) 86 ( 7 ) Total Operating Costs and Expenses 4,388 4,329 12,966 12,523 Operating Income 602 549 1,775 1,762 Interest expense ( 137 ) ( 119 ) ( 373 ) ( 339 ) Interest income 48 24 108 40 Other (expense) income, net ( 13 ) 17 ( 19 ) 18 Income Before Income Taxes 500 471 1,491 1,481 Income tax provision 13 64 186 104 Net Income 487 407 1,305 1,376 Preferred stock dividends — ( 15 ) — ( 60 ) Net income applicable to common shareholders $ 487 $ 392 $ 1,305 $ 1,316 Basic Earnings per Share $ 1.68 $ 1.37 $ 4.50 $ 4.62 Diluted Earnings per Share $ 1.68 $ 1.36 $ 4.49 $ 4.60 Dividends per Common Share $ 0.95 $ 0.91 $ 2.85 $ 2.73 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 June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Net Income $ 487 $ 407 $ 1,305 $ 1,376 Other Comprehensive (Loss) Income, Net of Tax Foreign currency translation adjustments ( 53 ) 44 ( 54 ) ( 57 ) Defined benefit pension and postretirement plans 12 11 35 34 Cash flow hedges ( 2 ) 12 ( 12 ) 4 Unrealized loss on available-for-sale debt securities — — ( 1 ) — Other Comprehensive (Loss) Income, Net of Tax ( 44 ) 68 ( 32 ) ( 20 ) Comprehensive Income $ 443 $ 475 $ 1,274 $ 1,357 Amounts may not add due to rounding. See notes to cond