Becton Dickinson Files Q1 2025 10-Q
Ticker: BDX · Form: 10-Q · Filed: Feb 6, 2025 · CIK: 10795
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
BDX Q1 2025 10-Q filed. Financials updated.
AI Summary
Becton Dickinson & Co. (BDX) filed its 10-Q for the period ending December 31, 2024. The company reported its financial performance for the first quarter of fiscal year 2025. Key financial data and disclosures related to its operations and liabilities are presented in this filing.
Why It Matters
This filing provides investors with an update on Becton Dickinson's financial health and operational performance for the first quarter of fiscal year 2025, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks disclosed.
Key Numbers
- 0930 — Fiscal Year End (Indicates the end of the company's fiscal year.)
- 2024-12-31 — Reporting Period End (The end date for the financial data presented in the 10-Q.)
- 2025-02-06 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- BECTON DICKINSON & CO (company) — Filer
- 2024-12-31 (date) — Reporting period end date
- 2025-02-06 (date) — Filing date
- NJ (location) — State of incorporation and business address
- 2018476800 (phone_number) — Business phone number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the quarter ended December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 6, 2025.
What is Becton Dickinson & Co.'s fiscal year end?
Becton Dickinson & Co.'s fiscal year ends on September 30.
What is the company's primary industry classification?
The company's Standard Industrial Classification is SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841].
Where is Becton Dickinson & Co. incorporated and headquartered?
The company is incorporated in New Jersey (NJ) and its business address is in Franklin Lakes, NJ.
Filing Stats: 4,730 words · 19 min read · ~16 pages · Grade level 16.5 · Accepted 2025-02-06 17:03:32
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 287,135,421 shares of Common Stock, $1.00 par value, outstanding at December 31,
Filing Documents
- bdx-20241231.htm (10-Q) — 1110KB
- ex2212312024.htm (EX-22) — 3KB
- ex3112312024.htm (EX-31) — 19KB
- ex3212312024.htm (EX-32) — 8KB
- 0000010795-25-000022.txt ( ) — 6398KB
- bdx-20241231.xsd (EX-101.SCH) — 41KB
- bdx-20241231_cal.xml (EX-101.CAL) — 55KB
- bdx-20241231_def.xml (EX-101.DEF) — 200KB
- bdx-20241231_lab.xml (EX-101.LAB) — 545KB
- bdx-20241231_pre.xml (EX-101.PRE) — 363KB
- bdx-20241231_htm.xml (XML) — 1019KB
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 40
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 40
Other Information
Item 5. Other Information 40
Exhibits
Item 6. Exhibits 40
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 December 31, 2024 2023 Revenues $ 5,168 $ 4,706 Cost of products sold 2,933 2,679 Selling and administrative expense 1,318 1,213 Research and development expense 343 290 Integration, restructuring and transaction expense 92 75 Other operating expense, net 28 11 Total Operating Costs and Expenses 4,715 4,267 Operating Income 453 439 Interest expense ( 155 ) ( 111 ) Interest income 23 34 Other expense, net ( 16 ) ( 4 ) Income Before Income Taxes 306 359 Income tax provision 3 77 Net Income $ 303 $ 281 Basic Earnings per Share $ 1.05 $ 0.97 Diluted Earnings per Share $ 1.04 $ 0.96 Dividends per Common Share $ 1.04 $ 0.95 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 December 31, 2024 2023 Net Income $ 303 $ 281 Other Comprehensive Income (Loss), Net of Tax Foreign currency translation adjustments 46 40 Defined benefit pension and postretirement plans 8 12 Cash flow hedges 2 ( 18 ) Other Comprehensive Income, Net of Tax 56 33 Comprehensive Income $ 359 $ 314 Amounts may not add due to rounding. See notes to condensed consolidated financial statements 4 BECTON, DICKINSON AND COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS Millions of dollars, except per share amounts and numbers of shares December 31, 2024 September 30, 2024 Assets (Unaudited) Current Assets: Cash and equivalents $ 711 $ 1,717 Restricted cash 102 139 Short-term investments 17 445 Trade receivables, net 2,638 3,033 Inventories: Materials 904 803 Work in process 453 443 Finished products 2,502 2,597 3,860 3,843 Prepaid expenses and other 1,331 1,292 Total Current Assets 8,659